Savant Wealth Management

Table of Content

  1. Header
  2. Page
    1. Introduction
    2. Benefits Overview
    3. How To Enroll
    4. Base Medical Plan
    5. Buy-Up Medical Plan
    6. Health Savings Account
    7. Low Plan Blue Care Dental
    8. High Plan Blue Care Dental
    9. Life Insurance
    10. Spousal Surchage
    11. Tobacco Surcharge
    12. Flexible Spending Accounts
    13. Dependent Care FSA
    14. Commuter Accounts
    15. Additional Resources
    16. Contact Us
  3. 2021 Benefit Package Overview
  4. Footer

Benefits Overview

  • Read about what is new for 2021 (insert what's new document via Add resource)
  • Review all your benefits plans, options, and rates for 2021 (insert the full benefits guide via Add resource)
  • Watch this short video to learn more about your 2021 benefit options  (Add video via Add resource)

Base Medical Plan

HSA Base Plan
  •  $2,800 Single / $5,600 Family Deductible
  •  80% In-Network / 60% Out-of-Network
  •  Medical & Rx: $5,600 Single / $11,200 Family Out-of-Pocket Maximum
  •  Embedded Family Out-of Pocket Max
  •  Deductible & Out of Pocket Max are separate “buckets” In and Out of Network

Buy-Up Medical Plan

HSA Buy-Up Plan
  • $1,500 Single / $3,000 Max Out of Pocket Deductible
  • 80% In Network / 60% Out of Network
  • Medical & Rx: $3,000 Family Out of Pocket Maximum
  • Aggregating Family Out of Pocket Max
  • Deductible & Out of Pocket Max are separate “buckets” In and Out of Network

Health Savings Account

  • Use for qualified medical, dental and vision - IRC 213(d) expenses
  • This is a grow as you go account
  • This account stays with you, no matter where you work and unused balance rolls over year to year
  • Individuals with self-only coverage may elect up to $3,600
  • Individuals with family coverage may elect up to $7,200
  • Individuals 55+ years can elect an additional $1,000

Low Plan Blue Care Dental

PPO Low Plan
  • Preventative 100% In / 100% Out
  • Basic 80% In / 80% Out
  • Major 50% In / 50% Out
  • Orthodontia 50% In / 50% Out
  • $50 Individual Deductible
  • $150 Family Deductible
  • $1,000 Maximum Calendar Year
  • $1,000 Maximum Ortho - Lifetime
  • No Waiting Period except for Late Entrants


High Plan Blue Care Dental

PPO High Plan
  • Preventative 100% In / 100% Out
  • Basic 80% In / 80% Out
  • Major 50% In / 50% Out
  • Orthodontia 50% In / 50% Out
  • $50 Individual Deductible
  • $150 Family Deductible
  • $1,500 Maximum Calendar Year
  • $1,500 Maximum Ortho - Lifetime
  • No Waiting Period except for Late Entrants


Life Insurance

  • Employee: Up to 7x Salary or $500,000
  • Spouse: Lesser of 50% of EE amount or $200,000
  • Dependent Child (eligible for benefits up to age 26): Lesser of 100% of EE amount or $10,000

Spousal Surchage

  • Employees with working spouses, may elect to enroll spouses in a Savant medical plan. Under certain circumstances, a $200 per month premium surcharge may apply.



Tobacco Surcharge

  • During enrollment all employees will be required to attest to their tobacco usage status
  • If employees do not qualify as a non-tobacco user, they will be charged a $100 per month premium surcharge.


Flexible Spending Accounts

Healthcare FSA

•Use for qualified medical, dental and vision - IRC 213(d) expenses

•Maximum $550 carryover option at the end of the calendar year, do not need to contribute in the following year to use carryover dollars

•The account is pre-loaded which means the dollars are available immediately for use

•2021 Maximum Election: $2,750.00


Limited Purpose Health FSA

•Use for qualified dental and vision expenses ONLY

•Maximum $550 carryover option at the end of the calendar year, do not need to contribute in the following year to use carryover dollars

•The account is pre-loaded which means the dollars are available immediately for use

•2021 Maximum Election: $2,750.00

Dependent Care FSA

•Can be used for dependents 12 years or under, elder parents living in your home, spouse who is physically or mentally challenged, adult dependent who is physically or mentally challenged

•You must work or attend school full time

•Daycare provider / Summer Camp / Extended Care

•This is a use it or lose it account (must use dollars by Dec 31st of plan year)

•Maximum election $5,000 (if single or married and filing jointly; $2,500 if married and filing separately)

Commuter Accounts

Transit & Parking

•Mass Transit

  • Covers eligible workplace mass transit expenses such as price of tickets, vouchers, and  passes to ride a subway, train, city bus, or ferry.
  • Maximum monthly pre-tax deduction = $270/month


•Parking

  • Enable you to pay for eligible workspace parking costs at or near your primary work site, as well as parking costs at the place to access transportation to work.
  • Maximum monthly pre-tax deduction = $270/month

Additional Resources

Quick Links

Contact Us

Call the Employee Benefits Center weekdays at XXX-XXX-XXXX

2021 Benefit Package Overview

  • BlueCross BlueShield Medical Insurance (National PPO Network HSA Qualified plans choose from a Base Plan or Buy Up Plan) – first of the month following 30 days of employment
  • BlueCross BlueShield Dental Insurance – (2 plans to choose from) - first of the month following 30 days of employment
  • EyeMed Vision Insurance – the first of the month following 30 days of employment
  • Flexible Spending Account / Health Savings Account Enrollment – first of the month following 30 days of employment
  • Out of Pocket Qualified Medical, Dental & Vision Costs
  • Dependent Care Costs
  • Transit and Parking Costs
  • Group Life and AD&D Insurance (Company Paid) – the first of the month following 30 days of employment
  • Voluntary Life and AD&D Insurance – the first of the month following 30 days of employment
  • Short Term Disability (Company Paid) – the first of the month following 30 days of employment
  • Long Term Disability (Company Paid) – the first of the month following 30 days of employment
  • 401(k) Plan – Employee Contribution – the first of the month following 30 days of employment
  • 401(k) Plan – Employer Match – the first of the month following one year of employment. The employer may provide a match if any to be determined each year. The maximum deferral matched is 8%. The employer may make profit sharing contributions subject to employer discretion.
  • Paid Time Off
  • first year is pro-rated
  • 1 to 2 years is 120 hours
  • 3 to 4 years is 136 hours
  • 5 to 8 years is 160 hours
  • 9 to 11 years is 184 Hours
  • 12 or more years 200 hours (maximum)
  • May carry over a max of 80 hours
  • PTO Pool – employees can donate up to sixteen hours a year to the PTO pool. This is used for a team member with a serious illness or injury and has exhausted his/her PTO.
  • Ten paid holidays and one Savantiversary day off per calendar year
  • Annual SavantWear allowance through Lands’ End Business Account
  • Fitness Policy – the first of the month following 30 days of employment
  • Sam’s Club or Costco Club Membership – the first of the month following 30 days of employment
  • Professional Dress Loan Program – the first of the month following 30 days of employment
  • Team Savant Incentive Program - the first day of employment, the first year is pro-rated
  • Savantbucks Recognition Program – the first day of employment
  • Employee Assistance Program – the first day of employment
  • Professional Memberships and Educational Benefits – the first day of employment
  • Advisor Referral Bonus – the first day of employment
  • Team Member Referral Bonus – the first day of employment
  • No Fee Portfolio Management –the first day of employment
  • Employee Investment Fee Schedule, Family Members Investment Fee Schedule, Retiree Fee Schedule – the first day of employment