Table of Content
- Header
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PAGE
- Welcome
- Overview
- Enrollment
- Medical
- BCBS Member Resources
- Dental
- Vision
- VSP Member Resources
- HSA (Health Savings Account)
- FSA (Flexible Spending Account)
- Life & Disability
- Cancer Insurance
- Additional Benefits
- EAP (Employee Assistance Program)
- Understanding Your Benefits
- Plan Details
- Contact Us
- Footer
Overview
Helping you and your family reach and maintain good health is very important to Lightspeed Solutions. We are pleased to offer a selection of benefits designed with your health and financial wellbeing in mind. We review our benefit programs each year to ensure we consider the best combination of benefit coverage, network access and affordability for employees.
Lightspeed Solutions is committed to providing a competitive, cost-effective benefit program for employees and their families.
We have linked a recording of the 2022 Open Enrollment Webinar below with the Access Code LS_OE2022.
Please visit this link to view your 2022 Benefit Guide: https://www.flipsnack.com/976EBFB9E8C/lightspeed-systems-2022-open-enrollment-guide/full-view.html
Enrollment
Action Required: All elections must be submitted by Friday, December 10th. The benefits you elect during Open Enrollment will be effective from January 1, 2022 - December 31, 2022.
Remember: The benefit choices you make during your initial enrollment or annual open enrollment remain in effect for the entire year.
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. Refer to your Employee Benefits Guide or contact Human Resources if you have questions about qualifying events.
Medical
In an effort to provide the best quality care at the best value to you and your family, our Medical/Rx coverage will be transitioning from EBMS to BCBS of Texas as of January 1,2022.
You have two medical plan options, detailed benefit summaries for each can be found below:
- PPO HSA 3000
- PPO 1000
Follow the link below and search the "PPO" network to find an in-network doctor.
BCBS Member Resources
Dental
Our dental plan provides comprehensive coverage to help you and your family maintain good dental health. Providers are part of the Delta Dental network, or you may see an out-of-network dentist of your choice. Be aware if you go out-of-network, your costs will be higher.
Review your coverage details in your Benefit Guide.
Vision
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
We offer vision coverage through VSP to help pay for eye exams, prescription glasses and contact lenses. You receive a higher level of benefits when you see a provider in the VSP Network. Review your coverage details in your Benefit Guide.
VSP Member Resources
HSA (Health Savings Account)
A Health Savings Account (HSA) is a tax-free savings account is owned by you, is 100% vested from day one, and let’s you build up savings for future needs. The funds may be used to pay for qualifying healthcare expenses not covered by insurance or any other plan for yourself, your spouse, or tax dependents. You decide how much you would like to contribute, when and how to spend the money on eligible expenses, and how to invest the balance.
2022 IRS Contribution Limits:
Single: $3,650
Two Person or Family: $7,300
If you are age 55 older, you can contribute up to an additional $1,000 per year as a "Catch-Up" Contribution
Contribution limits include your individual contribution as well as any employer contributions. The combined total can not exceed the amount(s) mentioned above each calendar year.
FSA (Flexible Spending Account)
The Health Care, Limited Purpose and Dependent Care Flexible Spending Accounts (FSA) allow you to set aside pre-tax dollars to pay for eligible expenses. By contributing to an FSA you reduce your taxable income, so you pay less in taxes — which saves you money.
HEALTH CARE FSA
- You may contribute up to $2,850 annually
- All benefit eligible can participate, unless you or your spouse are contributing to an HSA
- Reimbursements allowed for unreimbursed medical, prescription, dental, and vision expenses
LIMITED PURPOSE FSA
- You may contribute up to $2,850 annually
- If you are enrolled in an HDHP – you are only able to participate in a Limited Purpose FSA
- Limited Purpose FSA can over cover the costs for qualified dental and vision expenses for yourself and dependents – not able to cover any qualified medical expenses
DEPENDENT CARE FSA
- You may contribute up to $5,000 annually
- Limited to $2,500 if you are married and file separate tax returns
- Eligible expenses include care for your dependent child, spouse, parent or grandparent who are incapable of caring for themselves
Life & Disability
We provide all team members with Basic & Voluntary Life/AD&D coverage as well as Short- and Long-Term Disability through Lincoln Financial Group (LFG).
Basic Life/AD&D
Employees working 30 or more hours per week are eligible for a benefit 1x your salary, to a maximum of $150,000, in coverage payable to your designated beneficiary in the event of your death. An additional accidental death & dismemberment benefit (AD&D) is payable to you in the event of a covered dismemberment or to your beneficiary if your death is the result of an accident.
Voluntary 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.
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. The coverage available to you through LFG covers 66.67%of your income to a maximum of $1,500 per week.
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. Benefits begin after a 180 day elimination period. The coverage available to you through LFG covers 60% of covered monthly earnings up to $12,500 for full-time employees.
Please consult your Employee Benefits Guide for additional details.
Cancer Insurance
Lightspeed Systems provides Cancer insurance provided by Allstate Benefits to all eligible active, full-time employees. In the unfortunate event that you or your family is diagnosed with cancer or twenty-nine plan specified diseases, with Cancer insurance from Allstate Benefits, you can rest a little easier because the coverage pays you a cash benefit to help with the costs associated with the illness and expenses not covered by your medical plan.
Additional Benefits
Lightspeed Solutions 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:
- Identity Theft Protection
- Legal Shield
- Pet Insurance
EAP (Employee Assistance Program)
EmployeeConnect offers professional, confidential services to help you and your loved ones improve your quality of life.
For more information about the program:
- Visit GuidanceResources.com
- Download the GuidanceNow Mobile App
- Call 888-628-4824
GuidanceResources.com login credentials:
Username: LFGSupport
Password: LFGSupport1
Understanding Your Benefits
Contact Us
As you consider your benefit options, please be sure to review all available information: Employee Benefits Guide, Intranet, and other videos and flyers found on this webpage. If you don't understand your benefits or need any assistance, please contact the Human Resources Department.