2013 AE Ended on 11/16/12 – Now What?
Watch your home mail for your personalized statement showing the elections you actively made or defaulted to during annual enrollment for your 2013 benefits. Carefully review your elections and dependent information. If you have any questions about your elections, please call Your Benefits Resources (YBR) at 1-877-262-4849. Representatives are available 8 a.m. to 9 p.m. (Eastern time), Monday through Friday.
If you enrolled in the Aetna Health Savings Plan for the first time, watch for an HSA welcome kit along with your debit card in your home mail before the end of the year. UMB Bank will let you know if they need more information from you to open the account, such as verification of your birth date, Social Security number or other information.
Your HSA contributions will be deposited to your new UMB account automatically after each pay period in 2013. BMC's first contribution to your account will be deposited in mid-January, and the second contribution will be deposited in mid-July.
Life Change? Remember 31-Day Deadline to Change Benefits
If you get married, have a baby, move or experience some other qualifying status change, called a "life event," you have 31 days to make changes to your benefits. If you miss this important deadline, you'll have to wait until the next annual enrollment period in fall 2013 to change your benefits.
More Examples of Life Events
In addition to birth and marriage, there are other qualifying life events that allow you to make a change to some of your benefits including:
- Getting divorced.
- Beginning or ending a domestic partnership.
- Losing or gaining coverage due to a spouse's job change.
How to Report an Event
There are two ways to report a life event:
- Call the Benefits Center at 1-877-262-4849
- Go to the Your Benefits Resources website. From the Health and Insurance tab, select Take Action – Change Coverage and select the life event from the drop-down menu
FSA Deadlines: Use It Don’t Lose It
If you have funds remaining in your 2012 Flexible Spending Accounts (FSAs) — Health Care, Limited Use or Dependent Care — be sure to keep the following deadlines in mind:
- December 31, 2012 is the deadline to incur eligible expenses that can be reimbursed from your 2012 flexible spending account(s). Under IRS regulations, you must forfeit any money left in your account after all the year's expenses have been paid.
- You have until March 31, 2013—90 days after the plan year (Jan.1 – Dec. 1, 2012) to submit a claim for reimbursement to Your Spending Account, the FSA administrator, for expenses incurred during the plan year.
Free Smartphone App Answers Your Health Questions
iTriage®, is a free mobile and website application that offers a symptom-checking service and health care provider finder through a website and a mobile app for smartphones. The application allows you to check your symptoms, determine an appropriate treatment path, research tests and diseases and find the closest medical provider. iTriage® addresses the two most commonly asked health care questions: 1) What could be wrong with me? 2) What do I need to do, or where do I need to go for treatment?
Important Note about Medical Providers: ITriage® lists all providers in your area, even those that are not in the Aetna network. Before receiving care, always verify if a provider is in the Aetna network by logging onto www.aetna.com or by calling Aetna at 1-866-214-4839.
Get the free download for Android and iPhone here.
More Room to Save With Your 401(k) in 2013
The BMC 401(k) Plan is one of the best ways to save and invest in your future. And higher IRS contribution limits for 2013 give you even more room to save.
2013 401(k) Contribution Limits
| If you are under age 50 | If you are age 50 or older | |
|---|---|---|
| Your before-tax or Roth 401(k) contribution limit | Maximum of $17,500 | Additional $5,500 in catch-up contributions, for a maximum of $23,000 |
| Limit on total contributions (your before-tax, after-tax and Roth 401(k) contributions plus BMC's matching contributions) | $51,000 | $56,500 ($51,000 + $5,500 catch-up contributions) |
| Limit on maximum amount of eligible compensation (base pay, bonuses, overtime and commissions) | $255,000 | $255,000 |
Important Note: Your participation in the BMC 401(k) Plan for 2013 will stop at the first limit you reach. Plan your contribution percentage carefully to reach the IRS maximum and to receive the maximum BMC matching contribution. To learn more, watch this video about the BMC 401(k) Plan and use the BMC Retirement Savings Calculator.
Remember, you must change your contribution election between December 20, 2012 and January 2, 2013 if you want new deductions to begin with your first paycheck in January.