Benefits Plan Overview

Pre-Tax Benefits

Health & Vision Insurance: Anthem

Dental Insurance: Delta Dental

Health Savings Accounts: HealthEquity
– 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)
The Town of Christiansburg will contribute $1,000 for individual coverage and $2,000 for dependent coverage.
The employee must contribute $2.50 per pay period to receive the employer contribution.

Post-Tax Benefits

Cancer Benefits: Colonial Life

Accident Benefits: Colonial Life

Medical Bridge Benefits: Colonial Life

 Disability Benefits**: Colonial Life

Critical Illness Benefits: Colonial Life

Group Term Life Insurance: Principal

Whole Life Insurance: Colonial Life

Legal Select Plan: Legal Resources

Additional Benefits

Student Loan Assistance Program: GradFin

**Please note: The Colonial Life Voluntary Short-Term Disability plan is only available to VRS Plan 1 and Plan 2 employees.

Enrollment Period: MAY 1, 2023 – MAY 16, 2023

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

QUALIFICATIONS:

– Employees must work 30 hours or more per week are eligible for benefits.

– New hires are eligible the first of the month following date of hire, or on the first day of the month if hired on the first.

IMPORTANT FACTS:

– The plan year for Anthem Health and Vision, Delta Dental, Principal Group Term Life, Health Savings Accounts, Spending Accounts, Colonial Insurance products, and Legal Resources Legal Select Plan lasts from July 1, 2023 through June 30, 2024.

– Deductions for Anthem Health and Vision, Delta Dental, Principal Group Term Life, Health Savings Accounts, Spending Accounts, Colonial Insurance products, and Legal Resources Legal Select Plan will begin July 2023.

– Your employer offers an Employee Assistance Program (EAP) for you and your eligible family members. An EAP is an employer-sponsored benefit that offers confidential support and resources for personal or work-related challenges and concerns. Please see the EAP pages of this benefit booklet for more details and contact information.

– 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.