MidFirst is excited to introduce the Employee benefit landing page for the 2023 plan year. In this benefit landing page, you will find all the information regarding the benefits offered for 2023.
Benefits are effective January 1, 2023 through December 31, 2023. This page will serve as your resource both during open enrollment and throughout the year.
To learn more about each benefit, please review the sections below.
You have access to our online benefits enrollment platform, in UKG where you have the ability to enroll, select or change your benefits and add beneficiaries.
ENROLLMENT INSTRUCTIONS:
Please Note: You will need to reselect each plan
MidFirst Bank offers medical plans through AETNA.
Aetna Offers Virtual Visits through Teladoc.
WHEN CAN I USE A VIRTUAL VISIT?
When you have a non-emergency condition and:
Examples of Non-Emergency Conditions: Bladder infection, Bronchitis, Diarrhea, Fever, Pink eye, Rash, Seasonal flu, Sinus, Sore throat and Stomach.
*Your covered children may also use Virtual Visits when a parent or legal guardian is present for the visit.
HOW DOES IT WORK?
The first time you use a Virtual Visits provider, you will need to set up an account with Teladoc. You will need to complete the patient registration process to gather medical history, pharmacy preference, primary care physician contact information, and insurance information.
Each time you have a virtual visit, you will be asked some brief medical questions, including questions about your current medical concern. If appropriate, you will then be connected using secure live audio and video technology to a doctor licensed to deliver care in the state you are in at the time of your visit. You and the doctor will discuss your medical issue, and, if appropriate, the doctor may write a prescription*for you.
Virtual Visits doctors use e-prescribing to submit prescriptions to the pharmacy of your choice. Costs for the virtual visit and prescription drugs are based on, and payable under, your medical and pharmacy benefit. They are not covered as part of your Virtual Visits benefit.
*Prescription services may not be available in all states.
HOW DO I GET ACCESS?
Learn more about Virtual Visits and access direct links to provider sites by logging into your www.Teladoc.com/Aetna.
The 2023 Benefits Guide will provide a brief overview of benefits.
Flexible Spending Account (FSA) allows you to reduce your taxable income by setting aside pre-tax dollars from each paycheck to pay for eligible out-of-pocket health care and dependent care expenses for yourself, your spouse and your dependent children. Eligible expenses are items such as medical deductibles, medical and prescription copays, dental expenses and vision expenses. In order to participate in the FSA, you must enroll each year. Your contribution stays in effect during the entire year (January 1st through December 31st). Remember, unused FSA funds do not roll over from year to year, If you do not use the FSA funds by March 15, 2024, you will lose them. All claims must be submitted by March 31, 2024 to receive reimbursement of your incurred expenses.
The minimum annual contribution for the Health Care FSA is $240 and the maximum is $3,050.
The Dependent Care FSA allows you to pay for eligible dependent care expenses with tax-free dollars so that you and your spouse can work or attend school full-time. Unlike the Health Care FSA, funds in a Dependent Care FSA are only available once they have been deposited into your account and you can't use the funds ahead of time. You may set aside $5,000 annually in pre-tax dollars, $2,500 if you are married and file taxes separately from your spouse.
Health Savings Account (HSA) is a tax-free savings account owned by you and allows you to build up savings for future healthcare and medical expense 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 covered dependents. You decide how much you would like to contribute and utilize throughout the year. HSA funds are payroll deducted on a pre-tax basis and the unused funds remain in your account for future use and roll over each year. HSAs remain with you even if you change health plans or companies. If you open an HSA when electing a Qualifying High Deductible Health Plan (HDHP) and later become ineligible to make contributions, you can still use your remaining funds and you can change your HSA contribution at any time during the plan year.
MidFirst will make a tax-free contribution to your HSA the first year you are enrolled, $250 for employee-only or $500 if you are covering dependents and are enrolled in the HDHP.
The maximum annual contribution to an HSA for 2023 is $3,850 and Two Person/Family is $7,750. If you are 55 years of age or older, you are allowed to contribute an additional $1,000 per year.
Learn about the Employer Paid Life and Accidental Death and Dismemberment benefits, along with Supplemental Life and Accidental Death and Dismemberment benefits which allow you to purchase additional life insurance benefits for you, your spouse and children. Supplemental Life and Accidental Death and Dismemberment benefits are employee paid.
Also, review Short-Term and Long-Term Disability plans that provide income protection when you have an illness or an injury and cannot return to work.
Please email HR with any questions at benefits@midfirst.com.
