MEDICAL/RX
BCBSM
BCBSM will continue to be the medical and prescription carrier this year. The plans that will be offered effective January 1, 2023 are as follows:
MEDICAL/RX 65+
BCBSM
BCBSM will continue to be the medical and prescription carrier this year for those 65 and older. The plans that will be offered effective January 1, 2023 are as follows:
HSA
Health Equity
The Health Savings Account (HSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to a HSA you reduce your taxable income, so you pay less in taxes — which saves you money.
To be eligible to contribute towards an HSA tax-free, you must meet the requirements below:
- Covered by a Qualified High Deductible Health Plan
- You cannot be covered by another health plan (including if your spouse has a Flexible Spending Account)
- You cannot be covered by Medicare or Medicaid
- You cannot be eligible to be claimed as a tax dependent
- You have not received VA benefits in the past 90 days
If your spouse is on Medicare - you can still contribute and receive the employer family funding amount.
If you are on Medicare - you cannot contribute or receive the employer funding amount, but you can continue to use the funds in your account.
Contributions can be updated at any time using EASE and notifying Jeremy or Linda.
DENTAL
Delta Dental
Heller Machine Tools offers eligible employees a dental plan detailed below. For more information see attached Dental Summary. To find out if your provider is in-network, please visit the website below.
VISION
EyeMed
Heller Machine Tools offers vision coverage through EyeMed to help pay for eye exams, prescription glasses and contact lenses. You receive a higher level of benefits when you see a provider in network, however, out-of-network coverage is provided but may only be handled as reimbursements in some situations. Review your coverage details in your Benefit Guide. To find out if your provider is in-network, please visit the website below.
LIFE & DISABILITY
Lincoln Financial Group
Heller Machine Tools provides you with financial protection options for life, accidental death & dismemberment, short-term disability and long-term disability with Lincoln Financial Group.
Life/AD&D
A sudden accident or death can leave you or your loved ones in a vulnerable position. Employees have the opportunity to enroll in Term Life and Accidental Death & Dismemberment insurance which will supplement lost income in the event of an accident or death. If you choose to enroll in employee coverage, this will be in addition to your employer provided Basic Life coverage.
Who's Your Beneficiary? Naming a beneficiary is a crucial part of electing life insurance. Also, don't forget to update your primary or secondary beneficiary if you experience a life event, such as a divorce or birth of a child.
Group Life Benefit:
Short-Term Disability
Everyday illnesses or injuries can interfere with your ability to work. Even a few weeks away from work can make it difficult to manage household costs. Short Term Disability coverage provides financial protection for you by paying a portion of your income, so you can focus on getting better and worry less about keeping up with your bills.
Long-Term Disability
Serious illnesses or accidents can interrupt your life, and your ability to work for months – even years. Long Term Disability provides financial protection for you by paying a portion of your income, so you have financial support to manage your disability and your household.
Please consult attached benefit summaries for more details.
VOLUNTARY BENEFITS
Aflac
Heller Machine Tools provides a competitive benefits package for all employees as part of our total compensation package. We realize you make benefit choices based on what’s important to you and the needs of your changing lifestyle. Therefore, along with our core benefits, we offer these additional benefits which help to provide financial support to employees. Additional benefits include:
