Table of Content
- Header
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Page
- Welcome
- Enrollment
- Medical/Rx
- Preventative Care
- Dental
- Vision
- Health Savings Account (HSA)
- Life & Disability
- Contact Us
- Footer
Welcome
Helping you and your family reach and maintain good health is very important to Ralco. 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.
Ralco is committed to providing a competitive, cost-effective benefit program. We are implementing some changes and additions for the 2023 plan year, which we hope will be positively received by you and your families. Below are highlights of changes that will become effective on January 1, 2023.
Enrollment
All regular employees working at least 30 hours per week are eligible to participate in the benefit plans offered by Ralco. Your coverage becomes effective the first of the month following 30 days of active employment. When you enroll in the benefits program, you may also cover your eligible dependents. Dependents include your legal spouse and children.
Children eligibility is as follows -
- Medical & Dental: End of the year the child turns 26
- Vision: Age 19 or 23 if full-time student
- Voluntary Life, Accident, Critical Illness: Age 19 or 26 if child(ren) is a full-time student
ENROLLMENT INSTRUCTIONS:
- Review information in Benefit Guide
- Complete a Ralco Enrollment Form
- Return the completed form to Human Resources
The Benefit choices you make during your open enrollment remain in effect for the entire year. You can, however, modify your elections under certain circumstances, called "Qualifying Life 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.
Contact Human Resources if you have questions about Qualifying Life Events.
Medical/Rx
Embedded Family Deductible (HMO) – Plan begins to pay benefits for any covered family member who satisfies the individual deductible. Once two family members reach their individual deductibles, the family level is considered to be satisfied in full and the plan will begin to pay benefits for all family members, even the members who have not yet satisfied the individual deductible.
Non-Embedded Family Deductible (PPO)- If more than one person is covered under the plan, all family members must collectively meet the family coverage amounts. The annual out of pocket maximum does not exceed $6,350 for any one person
Preventative Care
Dental
Vision
Health Savings Account (HSA)
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 day
Life & Disability
Basic Life/AD&D
Employees working 30 or more hours per week are eligible a flat $10,000 benefit, 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. Your coverage through MOO pays 66 2/3% of your income to a maximum of $700 per week, for up to 13 weeks at no cost to you!
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 are equal to 60% of covered monthly earnings up to $6,000 for as long as you are disabled or until you reach Retirement Age whichever is sooner.
Below are Value Add Flyers - these are available to all employees at no cost.
Contact Us
As you consider your benefit options, please be sure to review all available information. If you don't understand your benefits or need any assistance, please contact Human Resources.