How Your Medical Plan Works
What are PREMIUMS?
A premium is deducted regularly from your paycheck for medical insurance as long as you have coverage
How many days does a new hire have to make changes to their plan?
30 days
What is the plan that allows you to get legal help by phone or in person whenever you need it?
MetLife Legal Plans
What are the dates for open enrollment?
October 14 to November 8 2024
T or F: The AON New Hire and Open Enrollment numbers are the same?
False
What is a DEDUCTIBLE?
A deductible is the amount you are responsible for before your insurance begins to pay for care*
New hires will be automatically enrolled in this MEDICAL plan for 2025
Bronze Essential Care Plan for team member only coverage along with long-term disability insurance.
What is included in the protection pack?
Identity guard, financial wellness, roadside assistance, global travel assistance
How many plans is Tyson offering? and what is the name of the new plan?
3 and Bronze Essential Care Plan
What is the name of the health savings account that can still be used after leaving the company?
Health Savings Account (HSA)
What is COINSURANCE?
Coinsurance is the costs you share with the plan
T or F: HRA may initiate new hire enrollment
False
This insurance pays money directly to you if you’re diagnosed with serious illnesses, like a heart attack,
sudden cardiac arrest, pulmonary embolism, stroke, cancer, major organ failure or infectious diseases.
Critical Illness Insurance
How many levels of contributions are there?
Five
What is a Flexible Spending Account (FSA)? Can you enroll anytime?
An FSA is a personal savings account with tax advantages to be used for qualified expenses. You can enroll within 30 days of employment or during OE.
What is the percentage covered for preventative services?
100% for In-Network providers.
T or F: New hires are eligible for purchasing power on day one of fulltime employment.
False, must be employed for 12 months
______, helps protect your finances from accidents, illness or advanced
aging issues where you need assistance in daily life, like bathing or dressing.
Voluntary Long-Term Care
In which medical plan will the out-of-pocket maximums for medical and pharmacy be combined?
Gold Traditional Copay Plan
What are the 3-step process outlined in the Open Enrollment Handbook?
1. Enroll online or with the help of an Aon Enrollment Counselor.
2. Submit any required documents.
3. Complete tasks in Workday.
Which plan automatically enrolls you into HSA?
Silver Health Investment Plan
T or F: New Hires have to complete new hire enrollment and open enrollment.
True
Name the voluntary benefit that can be enrolled and dropped at any time.
Voluntary Term Life
What happens if my base pay increases or decreases during the year?
The contribution level is determined by your base pay as of September 30, 24.
Who will be our specialty pharmacy and mail-order provider?
Walgreen's Mail Order