The decisions you make during open enrollment can have a signiﬁcant impact on your life and ﬁnances, so it is important to weigh your options carefully.
All employees are required to log into Paycom and complete their open enrollment or new hire elections. Once you have made your elections, you will not be able to change them until the next open enrollment period unless you have a qualiﬁed change in status.
New Hires: You will be eligible for beneﬁts on the 1st day of the month following 60 days of employment. The beneﬁts you elect will stay in eﬀect until August 31, 2022.
HOW TO MAKE CHANGES
Unless you experience a life-changing qualifying event, you cannot make changes to your beneﬁts until the next open enrollment period. Qualifying events include things like:
● Marriage, divorce or legal separation
● Change in number of dependents (includes birth, adoption and death)
● Loss of dependent status
● Change in employment status or change of coverage under another employer’s plan
● Judgments, orders or decrees
● Enrolling in or losing coverage under Medicare, Medicaid or CHIP
● While on leave under FMLA
Qualifying Life Event Changes must be made within 30 days of the event date by contacting Human Resources.
With your Meritain Medical plans:
We offer comprehensive and competitive plans, including prescription drug coverage, to all eligible employees and their dependents. We encourage a team-oriented approach to managing healthcare costs by paying a share of the expense of the employee’s coverage under this plan, while asking the employee to contribute a portion of the premium through a payroll deduction. If you elect employee coverage, you may also choose to cover your eligible dependents under the same plan.
We offer three plans through Meritain:
For more information about the medical plans offered to you, please see the videos and SBCs below:
See the QR code below to download the Express Scripts app.
Virtual Visits through Teladoc (1.855.847.3627)
24/7 access to a doctor is only a call or click away—anytime, anywhere with no per visit fee. With Teladoc, you can talk to a doctor by phone or online video to get a diagnosis, treatment options and prescription, if medically necessary. Save time and money by avoiding crowded waiting rooms in the doctor’s office, urgent care
clinic or ER. Just use your phone, computer, smartphone or tablet to get a quick diagnosis by a U.S. licensed physician.
**TelaDoc is an added benefit that will be made available to all employee's who elect in medical coverage.
New Waterloo dental plan provides comprehensive coverage to help you and your family maintain good dental health. Providers are part of the Principal 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.
To find out if your provider is in-network, please visit the Guardian website below.
Vision Plan Information:
DID YOU KNOW?
New Waterloo offers vision coverage through Guardian/ 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 Guardian/ VSP Network. Review your coverage details in your Benefit Guide.
To find out if your provider is in-network, please visit the VSP website below.
Use the QR code below to watch Guardian's video on 'How Vision Insurance can help you see clearly as you get older.
New Waterloo provides you with Basic & Voluntary Life/AD&D coverage as well as Voluntary Short-Term Disability and company paid Long-Term Disability through Guardian.
Eligible employees are eligible for $25,000 of 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.
New Waterloo offers eligible employees the opportunity to purchase additional voluntary life and AD&D insurance for themselves and their dependents at discounted group rates. Term Life is an affordable way to cover yourself and your family for life insurance.
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.
Voluntary 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. Your coverage through Guardian offers:
Employee optional coverage
You can elect to purchase a benefit of 60% of your
weekly earnings to a maximum of $1,000 whichever is less.
Coverage begins after a 14 day waiting period and continues for up to 11 weeks.
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 90 day elimination period are are equal to 60% of covered monthly earnings up to $6,000 whichever is less for eligible employees.
Additional Benefits Provided by Guardian
Please consult your Employee Benefits Guide and review the plan SBCs for additional details.
HEALTH SAVINGS ACCOUNT (HSA)
How the HSA Plan Works
You may use your HSA funds to pay for eligible medical, prescription drug, dental or vision expenses. Unused funds remain in your account for future use and roll over each calendar year. You can change your HSA contribution at any time during the plan year for any reason.
HSA Bank Contact Information:
Client Assistance Center
(800) 357-6246 | (414) 978-5294
24 hours a day, 7 days a week
(866) 357-5232 | (414) 978-5282
Mon-Fri 7am-7pm, CT
Take the guesswork out of choosing your employee benefits
Get personalized benefit recommendations with Nayya
What is Nayya?
Nayya is a web-based tool that helps you get a better understanding of the benefits offered to you at work. It gathers information from you on your current benefits, your family, and lifestyle and provides you with personalized benefit recommendations based on your individual needs. You get the guidance you need to feel confident in the decisions you make for yourself and those who depend on you.
The Nayya experience:
Watch for an email from email@example.com or your HR department at the start of your benefits open enrollment. It will contain your personalized link to the Nayya platform. Follow the directions to register, and you’ll then be guided to answer a few questions. Once you’re finished, you will be provided with recommendations and be directed to your workplace enrollment website to make your benefit elections.
Contact your Human Resources Department with any questions.