Page 19 - CUTTING EDGE NEWSLETTER - 1

ANNUAL

ENROLLMENT

IS COMING UP!

NOVEMBER 11th – NOVEMBER 18th
START PREPARING NOW!

he leaves are falling and the kloecknermetals.com. - Family coverage - $7,100 less the
temperature is dipping into Kloeckner $1,600 contribution. You
the 60’s… What does this Once Annual Enrollment opens on can contribute up to $5,500.
mean? It’s Annual Enroll- November 11th, enroll early. The - The HSA catch-up contribution for
Tment Season! Oh ok… it’s deadline is November 18th. employees who will be age 55 during
also autumn. But equally important, The Human Resources Team is here to 2020 will remain at $1,000.
it’s the one time of the year that you help make this a smooth process for
can make changes to your health care you. We will have a passive enroll- Remember to start preparing for
coverage to be effective in 2020. ment this year, so if you do not need Annual Enrollment now so that you
Things you can DO NOW to begin to make any changes to your cover- are ready when the window opens
preparing for Annual Enrollment: ages, with the exception of the health on November 11th on the ADP portal
care and dependent care flexible (my.adp.com).
- Check your emails daily for Annual spending accounts (FSA), you do not
Enrollment News! need to update your coverage in ADP.
- Make sure you know your ADP User Your current year plans will roll over
ID and password. Check with your to 2020.
HR contact if you need to reset your
password. If you are enrolled in a FSA and you
- As soon as you receive the enroll- would like to continue making contri-
ment materials, read through the butions in the New Year, you will need
material carefully to decide on the to re-enroll in these plans. The con-
best plans for you and your family. tribution limit for the health care FSA
There are a few changes you need to for 2020 has not yet been announced
be aware of for 2020. by the IRS. Currently, the contribution
limit is $2,700. Once the 2020 contri-
New this year: bution limit has been announced, we
You will be able to view enrollment in- will update you.
formation online at our new employee
information web page – OneKloeckner The HSA IRS contribu-
www.kloecknermetals.com/welcome tion limits for 2020 will
Enter Password: OneKloeckner be:
- Single coverage - $3,550 less the
Ask question! Kloeckner $800 contribution. You can

Send your questions to benefits@ contribute $2,750.

KMC NEWSLETTER 19