Welcome to your 2023 HSBC Bank Bermuda Benefits
To Our Employees:
Effective November 1, 2023, HSBC Bank Bermuda will be transitioning our employee benefits from BF&M to Argus. Much thought and consideration has gone into this decision as we care about you and your families, and we want to do everything we can to make sure you are taken care of.
To help you gain a strong understanding of what this change means for you, please review this landing page carefully and consult with the Human Resources department for any questions.
Thank you for all that you do for us!
Eligibility & Qualifying Events
The Benefit choices you make during your initial enrollment or annual open enrollment remain in effect for the entire year.
EMPLOYEE ELIGIBILITY
You are eligible to participate if you are full-time and work a minimum of 30 hours per week. Your coverage will be effective 1st of the month from your date of hire. You will receive an email from Ease to waive/elect your benefits.
DEPENDENT ELIGIBILITY
You may also enroll eligible dependents for benefits coverage. A ‘dependent’ is defined as the legal spouse and/or ‘dependent child(ren)’ of the plan participant or the spouse.
You can, however, modify your elections under certain circumstances, called "Qualifying Events" These are events such as marriage, divorce, birth or adoption of a child, loss of eligibility under another plan. If you experience a qualifying event, you may make changes to your benefits within 30 days of the event or 60 days if the event is due to birth or adoption of a child.
What is a Qualifying Life Event?
• Marriage
• Divorce
• Birth/Adoption of a child
• Death of a spouse or other enrolled dependent
• Change in spouse’s benefits or employment status
• A dependent becomes eligible for Medicare or Medical
Ready to Enroll?
Medical
HSBC Bank Bermuda offers a fee-based medical plan through Argus.
Please see a sample of your fee schedule below
Medical Summary
Prescription Drug Benefit
The prescription drug costs are summarized here:
RX Summary
Telenurse Service
Dental
Dental Benefits provide comprehensive coverage to help you and your family maintain good dental health.
PREVENTION FIRST!
Your dental health is an important part of your overall health. Make sure you take advantage of your preventive dental visits.
Preventive care services are covered at 100% if you visit an In-Network provider. They are also not subject to the annual deductible.
A comparison of the options is ->
Dental Summary
Vision
Vision Benefit Summary
HSBC Bank Bermuda offers vision coverage to help pay for eye exams, prescription glasses and contact lenses.
DID YOU KNOW?
- Eye exams can help detect serious eye and general health conditions sooner: high blood pressure, diabetes, heart disease, high cholesterol
- Babies should receive their first professional eye exam at 6 months
- 80% of learning in the first 12 years comes through the eyes
To find out if your provider is in-network, please visit the website below.
- Vantage Makes Life Easy for you – Employer to Employee email template
- We’ve provided “How To”:
- Registering for Argus Vantage
- How to Submit Claims
- How to Review Claims
- How to use the employer portal –
- We’ve provided “How To”
- Register for Argus Vantage
- How to access the insurance card https://idcard.argus.bm/
- How to access on-island and off-island network https://providersearch.argus.bm/#/home
- FAQ’s
Contact Us
As you consider your benefit options, please be sure to review all available information. If you don't understand your benefits or need any assistance, please contact Human Resources.