Page 2 - Brady Corporation
P. 2
2021
Looking Ahead to 2021 Benefits: Enroll November 10–November 24 Vendor changes bring several enhancements Fidelity brings HSA enhancements
Changes to your 2021 benefi ts are highlighted on these two pages. We are excited to off er additional benefi ts that expand The following is a quick list of other changes to come for 2021 You will access and manage your HSA account
fi nancial protection and boost emotional and work-life support for you and your family. Watch for additional details leading benefi ts. If any of these apply to you and the benefi ts you use, through Fidelity’s NetBenefi ts platform (a change
up to annual enrollment. please be sure to read the detailed transition communication we’ll from Optum Bank) with enhanced features like no
be sending in the coming weeks and take action when necessary. minimum balance requirement to invest all or part
of your HSA balance. You will have the option to
Fidelity NetBenefits is your new health benefit Fidelity will be your new HSA administrator (switching from transfer your Optum Bank balance to a Fidelity
administrator and enrollment destination iBenefit counselors Optum Bank). account. Watch for information on how to make this
Enrollment will look a little diff erent this year because you’ll enroll online will help you navigate WageWorks/HealthEquity will be your new vendor for FSAs transfer.
changes and enroll
through Fidelity NetBenefi ts (no longer through Brady Benefi ts). Fidelity is (from YSA) which will be integrated at Fidelity NetBenefi ts.
currently our retirement plan administrator and will become our health and There are many changes and new MetLife will be your new legal plan vendor (switching from Brady will make contributions to your
welfare plan administrator too—for a seamless integration of your physical options to explore this year, so ARAG). MetLife premiums will be lower than the current plan, HSA quarterly
we are providing you with access
and fi nancial well-being off erings and for an enhanced user experience. to dedicated and knowledgeable and you’ll have access to expanded coverage and a larger Brady will continue to contribute an annual amount to
Fidelity NetBenefi ts will be your all-in-one resource during annual enrollment iBenefi t Counselors to help you make network of attorneys from which to choose. your HSA if you enroll in the High Deductible Health
and throughout the year. You’ll have access to many helpful tools and decisions. The professional iBenefi t GuidanceResources through ComPsych (switching from Plan ($500 for individual coverage or $1,000 for
®
resources, including: Counselors will walk you through how ACI) brings a richer Employee Assistance Program off ering family coverage) to help off set out-of-pocket medical
each plan works, make sure you are including up to six face-to-face counseling sessions at no expenses. In 2021 Brady’s contributions will be made
Interactive online tools to help you choose the benefi ts that are the best aware of all your options, and answer cost to you (double the current amount); and access to quarterly rather than in one lump sum in January.
fi t for you. any benefi t question you may have. Guidance Resources Online . Remember, you can also make contributions to your
®
Access to your 2021 online benefi ts confi rmation statement after You and any family member who During enrollment, you’ll have the opportunity to choose from HSA through pre-tax payroll deductions.
you enroll. wants to participate will be able to three highly-rated auto and home insurance carriers. These
One access point for retirement and other benefi ts information, without meet with them via a 1:1 phone additional options ensure you’re getting the best discount in A spouse surcharge may apply
having to log on twice. session. Appointments will be your geographical area. If you elect to enroll your spouse in a Brady medical
available during the workday and
Look for detailed enrollment instructions coming soon and feel free to access after hours. Sign-up information will Prudential will be your new disability and life insurance plan, you must confi rm whether they are eligible to
Fidelity NetBenefi ts through the OKTA stamp or at www.NetBenefi ts.com in be communicated to you shortly. vendor (switching from Matrix/Reliance Standard). enroll in their employer’s medical plan. If they are
preparation for enrollment in November. Supplemental insurance through VOYA and you enroll them in a Brady plan, you’ll pay $75
per month in additional medical plan premiums.
During Annual Enrollment, there are several things you Keep in mind that once You may have heard of supplemental (or voluntary insurance)
should do: annual enrollment ends on and wondered why you should consider it if you already have Tobacco use surcharge is increasing
Review the medical, dental, vision, and life insurance coverage you need November 24 at 11:59 EST, medical insurance. from $50 to $75 per month
you won’t be able to make
in 2021; make changes or waive coverage. changes to your coverage until the If you enroll in a Brady medical plan, you will be
If you wish to participate in the Health Savings Account (HSA), Flexible next annual enrollment period (unless The fact is, life can change in an instant, and anyone can required to certify your tobacco use status. Prior
experience a critical illness or accident at any time. Supplemental
Spending Account (FSA), Dependent Care FSA, or Vacation Purchase you have a qualifying life event such insurance provides an added layer of fi nancial protection for you certifi cation will transfer to Fidelity NetBenefi ts. If you
Plan, you must reelect these during enrollment. as marriage or the birth of a child). and your family to help pay for out of pocket medical expenses in use tobacco products including cigarettes, cigars,
Update your benefi ciary designations for life insurance within the event of an accident or illness. It can even help pay expenses pipes, e-cigarettes, and other smoking products,
Fidelity NetBenefi ts. medical insurance doesn’t cover such as transportation or lodging you’ll pay $75 per month in additional medical plan
costs if the unexpected happens. Benefi t payments are made premiums. The good news is, if you complete the
Tobacco Cessation Program, you’ll no longer have
as lump-sum cash payments directly to you or your benefi ciary. to pay the surcharge. The above also applies to
You can off set your cost for this benefi t with a wellness credit of any dependent age 18 or older enrolled in a Brady
up to $50 for each covered family member by having an annual medical plan.
physical. See the rate table for additional details.
You’ll be able to elect critical illness, accident, and hospital What’s Next?
indemnity insurance when you enroll. See additional
plan details and watch an overview video of each at Watch your Brady email in the coming
weeks for additional information leading
https://presents.voya.com/EBRC/bradycorp. You can also up to annual enrollment.
get more information or ask questions during a session with an
iBenefi t Counselor.
Looking Ahead to 2021 Benefits: Enroll November 10–November 24 Vendor changes bring several enhancements Fidelity brings HSA enhancements
Changes to your 2021 benefi ts are highlighted on these two pages. We are excited to off er additional benefi ts that expand The following is a quick list of other changes to come for 2021 You will access and manage your HSA account
fi nancial protection and boost emotional and work-life support for you and your family. Watch for additional details leading benefi ts. If any of these apply to you and the benefi ts you use, through Fidelity’s NetBenefi ts platform (a change
up to annual enrollment. please be sure to read the detailed transition communication we’ll from Optum Bank) with enhanced features like no
be sending in the coming weeks and take action when necessary. minimum balance requirement to invest all or part
of your HSA balance. You will have the option to
Fidelity NetBenefits is your new health benefit Fidelity will be your new HSA administrator (switching from transfer your Optum Bank balance to a Fidelity
administrator and enrollment destination iBenefit counselors Optum Bank). account. Watch for information on how to make this
Enrollment will look a little diff erent this year because you’ll enroll online will help you navigate WageWorks/HealthEquity will be your new vendor for FSAs transfer.
changes and enroll
through Fidelity NetBenefi ts (no longer through Brady Benefi ts). Fidelity is (from YSA) which will be integrated at Fidelity NetBenefi ts.
currently our retirement plan administrator and will become our health and There are many changes and new MetLife will be your new legal plan vendor (switching from Brady will make contributions to your
welfare plan administrator too—for a seamless integration of your physical options to explore this year, so ARAG). MetLife premiums will be lower than the current plan, HSA quarterly
we are providing you with access
and fi nancial well-being off erings and for an enhanced user experience. to dedicated and knowledgeable and you’ll have access to expanded coverage and a larger Brady will continue to contribute an annual amount to
Fidelity NetBenefi ts will be your all-in-one resource during annual enrollment iBenefi t Counselors to help you make network of attorneys from which to choose. your HSA if you enroll in the High Deductible Health
and throughout the year. You’ll have access to many helpful tools and decisions. The professional iBenefi t GuidanceResources through ComPsych (switching from Plan ($500 for individual coverage or $1,000 for
®
resources, including: Counselors will walk you through how ACI) brings a richer Employee Assistance Program off ering family coverage) to help off set out-of-pocket medical
each plan works, make sure you are including up to six face-to-face counseling sessions at no expenses. In 2021 Brady’s contributions will be made
Interactive online tools to help you choose the benefi ts that are the best aware of all your options, and answer cost to you (double the current amount); and access to quarterly rather than in one lump sum in January.
fi t for you. any benefi t question you may have. Guidance Resources Online . Remember, you can also make contributions to your
®
Access to your 2021 online benefi ts confi rmation statement after You and any family member who During enrollment, you’ll have the opportunity to choose from HSA through pre-tax payroll deductions.
you enroll. wants to participate will be able to three highly-rated auto and home insurance carriers. These
One access point for retirement and other benefi ts information, without meet with them via a 1:1 phone additional options ensure you’re getting the best discount in A spouse surcharge may apply
having to log on twice. session. Appointments will be your geographical area. If you elect to enroll your spouse in a Brady medical
available during the workday and
Look for detailed enrollment instructions coming soon and feel free to access after hours. Sign-up information will Prudential will be your new disability and life insurance plan, you must confi rm whether they are eligible to
Fidelity NetBenefi ts through the OKTA stamp or at www.NetBenefi ts.com in be communicated to you shortly. vendor (switching from Matrix/Reliance Standard). enroll in their employer’s medical plan. If they are
preparation for enrollment in November. Supplemental insurance through VOYA and you enroll them in a Brady plan, you’ll pay $75
per month in additional medical plan premiums.
During Annual Enrollment, there are several things you Keep in mind that once You may have heard of supplemental (or voluntary insurance)
should do: annual enrollment ends on and wondered why you should consider it if you already have Tobacco use surcharge is increasing
Review the medical, dental, vision, and life insurance coverage you need November 24 at 11:59 EST, medical insurance. from $50 to $75 per month
you won’t be able to make
in 2021; make changes or waive coverage. changes to your coverage until the If you enroll in a Brady medical plan, you will be
If you wish to participate in the Health Savings Account (HSA), Flexible next annual enrollment period (unless The fact is, life can change in an instant, and anyone can required to certify your tobacco use status. Prior
experience a critical illness or accident at any time. Supplemental
Spending Account (FSA), Dependent Care FSA, or Vacation Purchase you have a qualifying life event such insurance provides an added layer of fi nancial protection for you certifi cation will transfer to Fidelity NetBenefi ts. If you
Plan, you must reelect these during enrollment. as marriage or the birth of a child). and your family to help pay for out of pocket medical expenses in use tobacco products including cigarettes, cigars,
Update your benefi ciary designations for life insurance within the event of an accident or illness. It can even help pay expenses pipes, e-cigarettes, and other smoking products,
Fidelity NetBenefi ts. medical insurance doesn’t cover such as transportation or lodging you’ll pay $75 per month in additional medical plan
costs if the unexpected happens. Benefi t payments are made premiums. The good news is, if you complete the
Tobacco Cessation Program, you’ll no longer have
as lump-sum cash payments directly to you or your benefi ciary. to pay the surcharge. The above also applies to
You can off set your cost for this benefi t with a wellness credit of any dependent age 18 or older enrolled in a Brady
up to $50 for each covered family member by having an annual medical plan.
physical. See the rate table for additional details.
You’ll be able to elect critical illness, accident, and hospital What’s Next?
indemnity insurance when you enroll. See additional
plan details and watch an overview video of each at Watch your Brady email in the coming
weeks for additional information leading
https://presents.voya.com/EBRC/bradycorp. You can also up to annual enrollment.
get more information or ask questions during a session with an
iBenefi t Counselor.
