Benefit Reminders: Prescription Drug Changes for 2016

Prescription drugs are the most commonly used health care benefit at BMC. Of the $31 million BMC spent for medical in 2015, prescription drugs accounted for 22% of the total expense. This percentage is increasing each year and is likely to get worse. To help manage costs for you and BMC, the company introduced two changes to the Prescription Drug Program for 2016 to encourage the use of generics and mail order.  Read More...

Flexible Spending/Fitness Claims Due March 31

Claims for 2015 flexible spending accounts and the Fitness Center Reimbursement Program are due March 31, 2016.

Flexible Spending Accounts

If you had a 2015 Health Care, Limited Use Health Care or Dependent Care Flexible Spending Account (FSA), the deadline for submitting eligible expenses is Monday, March 31, 2016. Expenses must have been incurred during 2015 to be eligible for reimbursement. Under IRS regulations, you forfeit all but $500 of any money left in your account after the year's expenses have been paid.

Fitness Reimbursement (If you have unclaimed 2015 expenses)

  • If you belong to a BMC onsite gym in Houston: Submit a copy of your final 2015 pay stub to YSA by March 31. Even if your monthly membership dues are deducted from your paycheck, you still need to file a claim to be reimbursed for dues.
  • If you belong to an offsite fitness center: Submit your 2015 receipts to YSA for membership dues or exercise classes by March 31.

To request reimbursement, log on to My BMC Compensation & Benefits and click through this path: Visit My Spending Accounts> Other Accounts>Request Fitness Reimbursement.

See the step-by-step guide to learn more.

Houston Keeps Climbing: stairWell Challenge Update

We’re almost two weeks in to the Houston stairWell Challenge and more than 250 BMCers are using the stairs instead of the elevator to rack up a climb count and earn rewards.

It’s not too late to start or join a team. Teams who reach the 200 flights goal by March 13 earn  bWell points. 

You can climb stairs at home or at the gym, but for your convenience, we have over 525 stairs inside 2103 CityWest Boulevard that you can climb any time during the work day! Remember to take a picture of your stairwell activity and post it on the Houston Chatter Group.

If the stairWell Challenge is helping you discover your stair-climbing legs and lungs, you might want to stick to your new routine. Here’s why:

  • Using the stairs burns twice as many calories as walking
  • Regular stair users have greater leg strength and aerobic capacity than non-climbers
  • Two flights of stairs climbed per day can lead to a 5.9 lb. weight loss over one year
  • Six flights a day can lead to an 18 lb. weight loss over one year
  • Stair climbing can increase bone density and help prevent osteoporosis
  • Taking the stairs is often faster than waiting for the elevator.

Useful Links

See what happens when stairs are transformed into a piano keyboard. (Hint: 66% more people than normal chose the stairs over the escalator).

Mindfulness in Motion

The practice of mindfulness has been linked to happiness, health and psychological well-being, but many of us may not know exactly what it is, let alone how to cultivate it. You are invited to join Magellan’s live interactive webinar “Mindfulness in Motion” on Wednesday, March 9, 2016, from 1 p.m. – 2 p.m. Central time. Register Now

The Math of Retirement Savings

Everyone’s road to retirement is personal, with twists and turns that are unique to their situation. Yet most of us grapple with the same, sometimes elusive, questions, usually starting with “how much?” Of course, no one knows the precise answers to these questions because you don’t know what life—or the markets—will bring. Still, you need to make decisions along the way that will help you have choices as retirement nears. Read More…

Source: Fidelity

Do You Want a Big Tax Refund or Bigger Paycheck?

The IRS reports that most taxpayers do get money back each year when they file their returns, despite the best efforts of tax and financial advisers to teach the public more efficient money management skills. Read More…

Source: bankrate.com

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