March 31 Deadline to Claim FSA, Fitness Benefits

If you participate in a flexible spending account or take advantage of the annual $225 fitness reimbursement benefit BMC provides, mark your calendar on March 31. That’s the deadline to submit claims for benefits. Read More...

Destination bWell Update

The 2018-2019 BMC wellness program – Destination bWell – began almost six months ago and BMC travelers are making amazing progress along their well-being journey. As of January 31, 2019, more than 600 BMCers have completed a reward level:

  • 383 have completed the Wellness Survey and biometric screening
  • 461 reached the Staycation level (1,000 points, $100 reward or savings on 2020 medical)
  • 172 reached the Weekend Getaway level (3,000 points; additional $200 reward or savings on 2020 medical premiums)
  • 3 have reached the Road Trip level (6,000 points; additional $300 reward or savings on 2020 medical).

Destination bWell ends August 30, 2019, so you have about seven months to join the journey, work on your well-being and earn rewards along the way.

With Destination bWell, you earn bWell points when you complete a well-being challenge or create a challenge that you find meaningful – eat more salads, limit screen time, declutter, read more non-fiction, do daily brain teasers, walk the dog. You choose. You can earn points for up to 15 custom challenges, but there’s no limit on how many custom challenges you can create.

Participating is a great way to cultivate or create a healthy habit. And when you reach the Luxury Resort level, you could win one of 10 wanderlust trips!

Join the Price is Right Challenge

Join Healthcare Bluebook’s Price is Right Challenge, a game that will help you find the best prices on health care from providers near you. You’ll also pick up 100 bWell points. Just be sure to sign up for the challenge at mybmcwellness.com and complete it before August 23, 2019. Points are awarded monthly and automatically loaded to your Destination bWell account. You will need to use company code BMC1 in the Healthcare Blue book app.

Besides getting 100 bWell points for your efforts, when you complete the Price is Right Challenge, you’ll learn about the fair price for medical services in your zip code. And, if you need a medical procedure and use a “green” provider – a provider who charges the fair price or less – you could save hundreds or thousands of dollars!

Remember, Healthcare Bluebook also offers incentives for using green providers. The Go Green to Get Green rewards program sends you a check for $25, $50, or $100 if you choose a green provider for certain medical procedures like MRIs or CT scans. Learn more about Healthcare Bluebook.

Coming Soon - Activate Your MDLIVE Account and Win!

If you haven’t registered for telehealth services through MDLIVE, you'll want to get in on this promotion. Starting soon, if you activate your MDLIVE account by March 15, you could win a $100 prepaid gift card*. Activation takes less than 15 minutes. Read More...

Understanding and Accepting All Types of People

Putting up interpersonal barriers against people with whom we differ or don’t understand can be an automatic reflex. However, it’s better to keep an open mind about others’ differences; we can learn something valuable from everyone we meet. 

  • Showing tolerance for others means that you maintain fair and non-judgmental attitudes toward beliefs or practices that differ from your own.
  • Acceptance goes beyond tolerance, as it means you acknowledge the validity of someone’s worldview without trying to change them.
  • Showing understanding means you’ve considered, comprehended and developed a compassionate attitude toward another person’s situation.
  • Regularly demonstrating an understanding of others is a virtuous human quality that improves lives.
  • Meeting and learning about new people helps us grow, and it can present opportunities for new friendships, community and business opportunities, and a greater understanding of the world around us.

Source: Magellan Health

Tap into your Employee Assistance Program for interactive online resources, wellness tips and private counseling. Log in to MagellanHealth.com/member to get started. When prompted, type in BMC’s toll-free EAP number, 1-800-327-1393.

America Saves Week: Feb. 25 to March 2

America Saves Week is a national campaign that brings together thousands of nonprofit, government, and corporate groups to encourage their employees to save the money they need to plan confidently for the future.

America Saves Week is the perfect time to make sure you’re on track to help reach your long-term savings goals.

Action Steps

  • Make the most of America Saves Week and think about increasing your contributions to your BMC 401(k) Savings Plan account. Even a small increase could benefit you at tax time, and that small amount may grow to have a big impact on your future. See an example of how a small increase in your BMC 401(k) account can make a powerful difference.
  • Join Fidelity for a complimentary curriculum of workshops on a range of topics, from managing finances to college planning strategies and learning to invest with confidence. Workshops run from February 25 to March 2. Attend one or sign up for several—but register now because space is limited.
  • Savings and Spending Check-Up—See how your savings and spending habits compare with Fidelity's recommended guidelines

 

Building an Emergency Fund

Fidelity recommends saving enough to cover 3 to 6 months of essential expenses in case of an emergency. But putting away a big chunk of cash to cover an emergency can feel daunting. Break it down, though, and you’ll see that small, concrete steps over a year can add up to serious savings.

According to America Saves campaign, we’re more likely to save a windfall than a small amount consistently over a long period. Hack that psychology by saving your bonuses, raises, and tax refunds.

Start with Your Tax Refund
The average federal tax refund in America is $2,727. If you save half, that’s almost $1,400. Check out Bank of America’s Better Money Habits for this list of monthly tips to help you start building an emergency fund—bringing with it greater financial security and peace of mind.  

Sources: americasavesweek.org; bettermoneyhabits.bankofamerica.com

Don’t Get Detoured by Student Debt

45% of participants in a 2016 Fidelity survey said that student debt made it harder to save for short-term goals, like buying a car. Check out Fidelity’s Student Debt Tool to see if there’s a better way to pay off your loans

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