Page 6 - 1800Flowers 2022 Benefits Guide
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Why Shop for Benefits?
Your benefits choices should reflect your Get more bang for your benefits buck.
personal needs. Just having insurance isn’t enough; you need to have the
right types of insurance, and the right amount.
Only you know the benefits that are right for you
depending on your own health and well-being, goals for Through your online benefits marketplace, we’re letting
the future, and attitudes about risk.
you choose the combination of insurance products that’s
We understand this, so we’ve opted to let you choose right for you. You can buy what you want and nothing you
from a broader selection of benefits than you might be don’t need.
used to. That way, you get to customize the benefits
package to meet your needs. Rest assured with better financial protection.
Benefits are really about having the right financial
Pretax elections are not subject to federal income, protection in place to guard against life’s unknowns.
social security or unemployment taxes, which And while having the right amount of health insurance is
increases your take-home pay. the foundation of any solid benefits plan, creating your
• Amounts deferred under this plan are not own benefits portfolio can give you the right amount
counted as wages when determining your of financial protection based on your, or your family’s,
Social Security benefits. There is a possible unique situation.
reduction in Social Security benefits. By combining different types of benefits — insurance
• Once pretax or after-tax benefits are elected, products like Life, Disability, Critical Illness, Accident,
they cannot be changed until the following and other types of “specialty benefits” — you can actually
Open Enrollment unless there is a Qualifying get affordable coverage while increasing your level
Life Event. of protection.
So you can rest easy knowing you and your family are
taken care of.
Your Costs for Benefits.
Electing your benefits is a personal experience. Both the
employer and your per paycheck cost for benefits will be
displayed in the online marketplace.
Benefit costs will vary based on several factors and the
marketplace tool will help you calculate these costs.
For example, supplemental life insurance and disability
insurance premiums will be based on your income,
coverage and/or your age.
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