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BENEFITS OPEN ENROLLMENT IS NOVEMBER 1–15. This is your annual opportunity to review and make changes to your
benefits. Make sure you’re outfitted with the right coverage for you
and your family. Here’s what you need to know.
WHAT’S CHANGING FOR 2016 Check out the changes that will take effect starting in January.
• Current REI Select Health Plan members can enroll in this plan for 2016. It will be discontinued in 2017 to ensure the plans we offer you continue to be high quality and affordable to both you and REI.
• The family out-of-pocket maximum for the REI Saver Health Plan will decrease to $6,850, which means you’ll pay slightly less out of pocket before the plan pays 100% of services.
• Our Long Term Care (LTC) plan will no longer be offered. If you currently have LTC, nothing will change for you. Your coverage will remain the same and you can continue to pay for it through payroll deductions.
• More preventive services will be covered at 100%. Go to foryourbenefit-REI.com for more details.
GET THE BEST FROM YOUR BENEFITSHere are a few tips to help you find the medical plan that’s the right fit for you.
• Pay Yourself First. Take advantage of money-saving options, such as Flexible Spending Accounts (FSAs) and the REI Saver Health Plan with a Health Savings Account (HSA). Contributing pre-tax money into these accounts to pay for eligible health and dependent care expenses means you’re paying less in taxes and saving money. And, with the HSA, REI contributes, too!
Check out the HSA/FSA video on foryourbenefit-REI.com to learn how these accounts work—and can save you money.
• Field Test. Field test our plans by using the Flex Cost Estimator Tool on foryourbenefit-REI.com.
Ready to enroll? Flip over for details.
HOW TO ENROLLReview and enroll in benefits between November 1–15 through foryourbenefit-REI.com > Start Here > Enroll in Flex. Click on Benefits Online and then:
• Enter your REI employee number as your User ID.
• Enter your temporary password—the last four digits of your Social Security number. When prompted for your “old password,” enter the last four digits of your Social Security number. (You can change your password once you’ve logged in.)
NEW IRS TAX FORM! (Did we get your attention?) Due to Health Care Reform, we are required to send you new IRS tax forms related to your benefits. It is important that you update/verify your dependents’ Social Security numbers through the enrollment site so we can report accurate information to the IRS.
WHAT HAPPENS IF YOU DON’T ENROLL ...• Your benefits elections remain the same. Your coverage from 2015 will
continue into the new plan year. If you waived coverage last year, then you won’t have coverage in 2016.
• You’ll miss out on big savings. Do we sound like a broken record? Setting aside money in a Health Care and/or Dependent Care Flexible Spending Account (FSA) or Health Savings Account (HSA) reduces your taxable income. If you don’t reelect your contribution amounts for 2016, they will reset to $0.
• You could lose easy money! Take the online health questionnaire to earn up to $300 in Healthy Lifestyle Dollars to help pay for your benefits. You must respond to the questionnaire every year to get the Healthy Lifestyle Dollars.
The benefits you choose will be effective January 1–December 31, 2016. Open enrollment is the one time each year you can make changes to your benefits, unless you have a qualifying life event.
DON’T FORGET YOUR FAMILY• Designate your beneficiaries for Life and Accident insurance by going to
foryourbenefit-REI.com > Start Here > Enroll in Flex. Then click on Benefits Online.
• If you have a retirement account with REI, go to schwab.com/workplace to elect or update your retirement plan contribution percentage or beneficiaries.
STILL HAVE QUESTIONS?Call the Employee Service Center (ESC) at 1-800-999-4734, ext. 4747 or email [email protected] if you have general questions about Flex eligibility and enrolling for benefits.
