OPEN ENROLLMENT: November 6-10

OPEN ENROLLMENT for the 2023-2024 plan year begins November 6! You must select your medical, dental, vision, and other benefits starting Monday, November 6, through Friday, November 10.   

ENROLLMENT DETAILS:

Our current benefits plan year ends November 30, 2023. The new plan year begins December 1, 2023. 

Our enroller, Michael Thorn, will be on-site on Monday, November 6, to assist employees with enrollment. He will also be available for telephone sessions during the open enrollment period. 

Benefits-eligible employees are required to enroll via Employee Navigator during the open enrollment period. You must complete open enrollment if you waive coverage or have no changes for the upcoming plan year.

Please update your address in Employee Navigator and ADP to receive your updated medical insurance card.

BENEFITS HIGHLIGHTS:

MEDICAL:  Our plans will remain with Blue Cross Blue Shield. Both plans have an aggregate 8.2% increase. The HSA plan employee-only premium increased from $20 in the pay period to $30. The PPO employee-only rate changed from $30 to $40 per pay period. Employees are responsible for 100% of covered dependents.

The Blue Options HSA Bronze 7500 Deductible has changed from $7,000/$14,000 (In-Network) to $7,500/$15,000 (In-Network); the Out-Of-Pocket Maximum has changed from $7,000/$14,000 (In-Network) to $7,500/$15,000 (In-Network)

The Blue Options Silver 2500 (PPO) Out-Of-Pocket Maximum has changed from $8,550/$17,100 (In-Network) to $8,700/$17,400 (In-Network); the Physician Office copays have increased from $30/$150 to $35/$175; the Emergency Room copay has changed from $1,500 to $1,750; the Urgent Care copay has changed from $150 to $175 and the Prescription Card now has a separate $50 Rx Deductible that needs to be satisfied before the copays being applicable.

HEALTH SAVINGS ACCOUNT: The Health Savings (HSA) maximum contribution for 2024 is $4,150 if selecting individual coverage or up to $8,300 if deciding family coverage on the high-deductible plan. Employees must enroll in the HSA medical plan to take advantage of the HSA benefits. 

DENTAL: Our dental coverage provided by Sun Life will remain the same. The Company covers 50% of the dental employee premium, including dependents. Employee dental premiums increased by 5.6% for the upcoming plan year.

VISION: Sun Life provides vision coverage as well. The coverage is primarily the same, with a 13.7% premium increase. The cost of standard progressive lens enhancements changed from a $55 copay to no cost. This benefit is 100% employee-paid. 

VOLUNTARY BENEFITS: Sun Life will offer long-term disability, voluntary life, and AD&D insurance. Short-term disability is covered 100% by the Company. Employees are responsible for 100% of the cost of long-term disability. Your premium may increase due to age bands or compensation changes.

ACCIDENT, CRITICAL ILLNESS, CANCER, and WHOLE LIFE INSURANCE PLANS: Colonial Life covers these plans. Colonial benefits pay cash directly to you regardless of any insurance you may have with other companies. Colonial premiums do not increase yearly or as you get older. Your coverage is portable at the same rate. Colonial’s Accident, Cancer, and Group Critical Care Plans have built-in annual Health Screening and Wellness Benefits.

RETIREMENT PLAN: All full-time employees at least 18 years of age who have satisfied the 365-day waiting period and have worked at least 1000 hours may enter during one of the bi-annual entry periods. The entry periods are January 1 and July 1. The employee may enter the first period after they are eligible. Current participants should review their 401(k) elections and beneficiaries. You may access more information by logging into your MVP account here.

Contact HR with any questions!