Benefits forCity of Martinsville

Benefits Plan Overview

Pre-Tax Benefits

Health Insurance: Anthem

Dental Insurance: Delta Dental of VA

Vision Insurance: Aetna Vision

Health Savings Accounts: Flex Facts
– Employee Maximum $3,850/year
– Family Maximum $7,750/year
HSA plans can only be established in conjunction with a qualified High-Deductible Health Plan (HDHP)
Participating employees may receive up tp $720 towards their HSA annual maximum. The City of Martinsville will contribute $250 to the Health Savings Account for all participating employees. If employees complete a health assessment, they receive another $250. Employees who complete a physical will receive another $220.

Cancer Benefits: Colonial Life

Accident BenefitsColonial Life

Medical Bridge BenefitsColonial Life

 

Post-Tax Benefits

Short-Term Disability BenefitsColonial Life

Long-Term Disability Benefits: The Hartford

Critical Illness BenefitsColonial Life

Life InsuranceColonial Life
– Term Life Insurance
– Whole Life Insurance

Accident Benefits – Gunshot Wound Policy: Colonial Life

 

Additional Benefits

Student Loan Assistance Program: GradFin

 

Please note your insurance products will remain in effect unless you speak with a representative to change them.

 

Enrollment Period: MAY 15, 2023 – JUNE 9, 2023

Effective Dates: JULY 1, 2023 – JUNE 30, 2024

 

QUALIFICATIONS:

– Employees working 40 hours or more per week are eligible for all benefits.

IMPORTANT FACTS:

– The plan year for Anthem Health, Delta Dental, Aetna Vision, Health Savings Accounts, Colonial Insurance products, and The Hartford Long-Term Disability lasts from July 1, 2023 through June 30, 2024.

– Deductions for Anthem Health, Delta Dental, Aetna Vision, Health Savings Accounts, Colonial Insurance products, and The Hartford Long-Term Disability will begin July 2023.

– If signing up for any coverage on your spouse and/or children, please have their dates of birth and social security numbers available when speaking with the Benefits Representative.

– Elections made during this enrollment period CANNOT BE CHANGED AFTER THE ENROLLMENT PERIOD unless there is a family status change as defined by the Internal Revenue Code. Examples of a family status change are: marriage, divorce, death of a spouse or child, birth or adoption of a child, termination or commencement of a spouse’s employment, or the transition of spouse’s employment from full-time to part-time, or vice-versa. Once a family status change has occurred, an employee has 30 days to notify the Pierce Group Benefits Service Center at 1-800-387-5955 to request a change in elections.

– As a married couple, one spouse cannot be enrolled in a Medical Reimbursement FSA at the same time the other opens or contributes to an HSA.

– The Health Screening Rider on the Colonial Medical Bridge plan has a 30-day waiting period for new enrollees. Coverage, therefore, will not begin until July 31, 2023.

Additionally, some policies may include a pre-existing condition clause. Please read your policy carefully for full details.

– Please be aware there are certain coverages that may be subject to federal and state tax when premium is paid by pretax deduction or employee contribution.

– An employee taking a leave of absence, other than under the Family & Medical Leave Act, may not be eligible to re-enter the Flexible Benefits Program until the next plan year. Please contact your Benefit Administrator for more information.