Open Enrollment
It's time to update your benefit elections during Petrotech, Inc.'s annual open enrollment!
Annual enrollment is your opportunity to learn about the 2022 benefits package offered by Petrotech, Inc., review your current coverage and choose the best options for you and your family. Please review our 2022 Benefits Summary to learn more about our benefits.
How To Enroll
Open Enrollment is happening today through Friday, December 10th, 2021. Any changes you make will be effective January 1st, 2022.
Please note, all employees MUST log into your Ease online portal to complete your enrollment.
2022 Benefits
- MEDICAL: We are excited to announce that we are staying with United Healthcare for 2022, and there will be NO CHANGE to the plans or benefits. Please review the plans to decide which option is best for you and your family.
- HEALTH SAVINGS ACCOUNT (HSA): For those enrolled on the High Deductible plan, you will continue to have access to an HSA. For 2022, individuals can contribute up to $3,650 annually and employees covering dependents can contribute up to $7,300 annually. For any employees over the age of 55, you can also contribute an additional $1,000 as a catch-up contribution.
- FLEXIBLE SPENDING ACCOUNT (FSA): The 2022 maximum for FSA contributions is $2,850. This account allows eligible employees to contribute pre-tax dollars to an account to be used for medical, dental and vision expenses. Your full annual election is immediately available at the beginning of the plan year. If any balances remain at the end of the year, you can roll over up to $550 to use in the following year. Any unused funds exceeding the $550 rollover will be forfeited. If you are enrolled in an HSA, you can still contribute to an FSA, however this would be considered a Limited Purpose FSA. Eligible expenses under a Limited Purpose FSA are dental and vision expenses and out of pocket medical expenses after you reach the federally qualified high deductible health plan annual deductible of $1,400 for an individual or $2,800 for a family.
- DENTAL & VISION: This year we will be moving our dental coverage to United Healthcare and vision coverage will be moving from Community Eye Care (CEC) to EyeMed.
- LIFE & DISABILITY: We will continue our Life and Disability coverages with Equitable. There are NO CHANGES to the cost or benefits. Please note, if you are enrolled in Voluntary Life/AD&D coverage and have aged up to the next age band, you may see a change in your cost. If you would like to make any changes to these benefits, please contact NFP to discuss.
- VOLUNTARY WORKSITE BENEFITS: Accident, Cancer, Critical Illness and Hospital Indemnity coverage will continue to be offered through Guardian! Remember, these plans include wellness benefits for your annual check-ups and pay cash benefits directly to YOU. Please contact NFP if you need assistance filing a wellness or standard claim.
- FSA DEPENDENT CARE ACCOUNT (DCA): Employees can deduct “pre-tax” earnings into a Dependent Care Account (DCA). A Dependent Care Account (DCA) can be used to pay for dependent care services, such as preschool, summer day camp, before or after school programs, and child or elder daycare. You can contribute a maximum of $5,000 annually.
Benefit Notices
SBC: I hereby acknowledge receipt of the Summary of Benefits and Coverage (SBC) found in Ease. I have read the SBC and am familiar with its contents. If I have any questions concerning the information, I will contact the carrier or my Human Resource Department to have my questions answered. I understand this SBC is not a contract, and the material represents guidelines subject to change.
Offer of Coverage: I certify that I have received enrollment and plan information for health care coverage that Petrotech offers, representing that it meets ACA requirements for affordable, minimum essential coverage, offering minimum value to me. I have been given the opportunity to enroll in or decline that coverage.
Pre-Tax Payroll Deductions: I authorize any payroll deductions required for the elections made in this online enrollment portal. I understand that these deductions will be made on a pre-tax basis unless I elect otherwise on this form. I understand that I cannot change my elections until the next open enrollment period, but I may change coverage for the dependents I am insuring or add new dependents if there is a "qualified" change in status. I have read the plan description and understand the post-tax deduction option.
Required Benefit Notices: Below is a link to the required benefit notices. I attest that I have read and understand the Required Benefit Notices.
Contact Us
Call the Enrollment Call Center weekdays at 1-800-563-3650.