Your first paycheck in January is a good time to check deductions for benefits coverage you elected during annual enrollment in November. Even if you didn’t change your benefits during annual enrollment, paycheck deductions for benefits might have changed. Review your first January pay stub online through mybmcrewards.com, click on ADP - View Paycheck. Contributions per pay period for medical, dental, and vision coverage are available here.
Here are some specific items you may want to look for as you review your pay stub:
Benefit Coverage
Your 2020 benefit deductions may be higher or lower than last year, depending on what you elected during annual enrollment, who you covered, and whether you qualified for the medical premium discount. To verify your 2020 deductions, compare your first 2020 pay stub against the confirmation statement you printed during annual enrollment. Your pay stub will show your deductions for medical, dental, vision, flexible spending accounts, Health Savings Account, and any other coverage you elected for 2020. Remember, you can change your HSA contributions at anytime during the year. If you change your HSA contributions, the change goes into effect on the first of the month following the change date.
If you didn't print a confirmation statement after you enrolled, check your 2020 benefits coverage any time by visiting mybmcrewards.com. Click on the Your Health and Insurance Coverage tile. Please report any concerns with deductions to Your Benefits Resources at 1-877-262-4849. Representatives are available on weekdays from 8 a.m. to 9 p.m. EST.
FSA Carry Over Reminder
- Did you carry over unused Health Care Flexible Spending Account (HCFSA) dollars from 2019? Check your balance on the Your Spending Account (YSA) website. You can carry over up to $500 in an HCFSA to 2020 if enrolled in the BCBS PPO or Kaiser HMO medical plans or $500 in a Limited Use Flexible Spending Account if enrolled in the BCBS HSA medical plan.
- To view your account balance(s) and for additional details, log on to the YSA portal from mybmcrewards.com, click on the Your Spending Account tile.
BMC 401(k) Plan
The regular before-tax or Roth 401(k) contributions you were making to the BMC 401(k) Plan in 2019 will continue for 2020 unless you requested a change. You can make or change contribution elections at any time throughout the calendar year, and the changes will go into effect within one to two pay cycles.
- Regular before-tax, Roth, or after-tax 401(k) contributions are displayed on your pay stub.
- If your contributions were stopped during 2019 because you reached the IRS contribution limit(s), you’ll see that your previous contribution percentage was restored automatically. See Don't Miss Out on Free Money for Your 401(k) in 2020.
- If you are eligible to make age 50 catch-up contributions in 2020, you must make an election to participate and can do so at any time during the year.
If you have any questions or want to make changes to your BMC 401(k) Plan contribution elections, log on to the Fidelity NetBenefits website or call Fidelity NetBenefits® at 1-866-546-4424.