Page 2 - Ayres Benefits Guide 07-20 PY_FINAL

Welcome to Ayres Group!

This guide provides a summary of your benefit options and is designed to help you make choices and enroll in coverage. In the
event that the information in this brochure should differ from the Plan Document, the Plan Document shall prevail.

CONTENTS

Important Information….……………………………………… 2 Travel Assistance Program………………………………..…. 15
Enrollment Information………………………………………… 3 Retirement Savings ………………………………….…………. 15
Team Member Contributions.…………………………….. 4 Life & AD&D Insurance …..………………………………….. 16

Medical Insurance ……………………………………………….. 5 Employee Assistance Program..…………………………… 16
Dental Insurance …………………………………………………. 9 Enrichment Benefits.…………………….…………………….. 17

Vision Discount Plan ……..…………………………………….. 13 Resources and Contacts……...……………………………... 18
Flexible Spending Accounts…..……………………………... 14 Ayres Team Member Website ….…………….………….. 19

IMPORTANT INFORMATION

ACA Annual Notices

The Affordable Care Act (ACA)’s penalty for not having health coverage Ayres Group’s plans are partially arranged by
(known as the individual mandate) has been eliminated. However, if Ayres Group and governed by its plan rules and
you are a taxpayer in California, Massachusetts, New Jersey, Vermont documents. Various state and federal laws require
or the District of Columbia, you will be required to have health that employers provide disclosure and annual
coverage (unless you qualify for an exemption) or pay a penalty for the notices to their plan participants.
2020 tax year – these states have an individual mandate requirement.
The following is a list of the annual notices:
You may consider these options below to satisfy this requirement: • Medicare Part D Notice of Creditable
• Enroll in a medical plan offered by Ayres Group or another group Coverage
medical plan meeting the requirements for minimum essential • Women's Health and Cancer Rights Act
coverage; (WHCRA)
• Purchase coverage through a health insurance marketplace; • Newborns’ and Mothers’ Health Protection
• Enroll in coverage through a government-sponsored program if Act
eligible. • Special Enrollment Rights
• Medicaid & Children’s Health Insurance
If you choose to purchase coverage through the marketplace, because Program
Ayres Group’s medical plans are considered affordable and meet • [Applies only to clients who have Healthcare
minimum value under the Affordable Care Act, you may not be eligible FSA and/or self funded groups] HIPAA Notice
for a subsidy, and you may not see lower premiums or out-of-pocket of Privacy Practices
costs through the marketplace. In addition, employer contributions to • [Applies only to clients who have a Wellness
your medical benefits will be lost, and your portion of medical Program in place] Wellness Program
premiums will no longer be paid via payroll deductions on a pre-tax Disclosures
basis. • Summary of Benefits and Coverage (SBC)

Ayres Group distributes annual notices to new-
hires, and each year during open enrollment. You
For More Information may also request a copy by contacting the Human

Go to www.healthcare.gov. Resources Department .

2