Check Your Paycheck Deductions for New Benefits Year
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:
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.
Tax Form Reminders
Medical Tax Form 1095
Form 1095 is a tax form required under the Affordable Care Act (ACA). This form confirms you and your covered dependents had BMC medical coverage during 2019. While Form 1095 is not required to file your taxes, you should maintain a copy for your records in the event of an audit.
How to view/print your Form 1095
Go to MyBMC Rewards and click on the Get Your Form 1095 tile located on the home page.
Access your form by February 1 (unless you receive notice that it is available earlier).
Sign up or review your email and phone number to receive an email or text message when your tax form is available.
Health Savings Account Forms
Form 1099-SA: Reports distributions made from Health Savings Accounts. This form will be sent through regular mail. Request reprints by calling UMB at 866-520-4472.
Form 5498-SA: This form is informational only to report your HSA contributions, which are also available on your W-2. This form is not required for filing taxes and will be sent through regular mail in May 2020.
To review additional tax information, go to MyBMC Rewards and click on Your Spending Account > Take Action > Accounts > Health Savings Account > Tax Information.
New Benefits for 2020
The new benefits year has begun and we're introducing new and exciting lifestyle benefits, as well as some enhancements to the BCBSTX medical plans. Here’s a quick overview of benefits added for 2020.
- Milk Stork: Milk Stork is a breast milk delivery service for BMC moms, who travel for business, providing no-fuss express shipping or easy toting of refrigerated breast milk home to baby. Learn More
- ClassPass: BMC now offers a $10 a month discount to memberships to ClassPass, the world’s largest studio and gym network with more than 9,000 studios around the world, including Houston (423 studios), Austin (431 studios) and Santa Clara (189 studios). Learn More
- BCBSTX Medical Plan Enhancements:
- Livongo Diabetes Management Coaching: A diabetes management program that combines a connected glucose meter with personal support by certified diabetes educators. Learn More
- Omada Obesity-related Chronic Disease Prevention Solution: A behavioral medicine program that inspires and enables people with obesity-related chronic conditions like type 2 diabetes and heart disease to change the habits that put them most at risk. See if you’re eligible at omadahealth.com/bmc. Learn More
- Women’s and Family Health: New services featuring Ovia Health Apps that deliver personalized guidance for fertility, pregnancy and parenting. Learn More
Dependent Audit Under Way
The Dependent Eligibility Audit began January 6 and will run through March 5, 2020. The audit will verify that dependents covered under a medical plan option are eligible for coverage.
As a reminder, the audit will include these specific groups:
- Any dependent spouse (legal or common-law), domestic partner, or child dependent(s) on a BMC medical plan whose eligibility has never been verified through Dependent Verification Services.
- Any dependent spouse (legal or common-law), or domestic partner on a BMC medical plan whose eligibility was verified before 2018. The 2020 audit will ask you to submit a different document than you submitted to verify eligibility in the past. For example, if you submitted a marriage certificate before, now you’ll need to submit a current tax return.
Read the Frequently Asked Questions & Answers to learn more about the audit.
bWell Builds Update
We are three months into bWell Builds, and participants are making great progress building their well-being. As of December 31, many BMC builders are well on their way to reaching the Master Builder Level:
- 323 have reached the Junior Builder Level by participating in a health screening and completing the Well-Being Survey. (1,000 points and a $100 reward or savings on 2021 medical premiums).
- 132 have reached the Amateur Designer Level by completing bWell Builds challenges. (3,000 points plus an additional $200 reward or savings on 2021 medical premiums).
Remember, bWell Builds allows you to create your own, customized challenges. Whether you want to spend less, play more, or conquer a bad habit, you design the challenge that will help you change for good. Points will be awarded for up to 12 custom challenges, but there’s no limit on how many custom challenges you can create.
Financial Well-Being: Congratulations to Patricia P., winner of the Google Home Hub for attending the Make the Most of Your Retirement Savings webinar on January 14.
New bWell Challenges
Five Alive Challenge: Enjoy five servings of fruits and vegetables each day to achieve a goal of 150 total servings of fruits and vegetables between January 15 and February 13.
Watch your email for new challenges added quarterly.
Need Help with Your New Year Resolutions?
Everything is easier if you have some support. If you have made a New Year’s health resolution and need help and support, the bWell program provides no-cost resources to guide and encourage you. You and your spouse can work with a lifestyle motivator who will help you design a personalized action plan to help you quit tobacco, shed pounds, sleep better, increase your energy levels, and much more!
Consultations with lifestyle motivators are available at your convenience by phone, video, or webchat. Call 800-882-2109 or email email@example.com to set up your first appointment.
WebMD explains how to make your resolutions last longer than a passing thought.
Health Clinics Now Open in Dallas, Houston
Sanitas Health Clinics in the Dallas and Houston areas are now open and providing in-network benefits for BMC employees and their covered dependents covered under the BCBSTX PPO and HSA medical plans.
To learn more about the services offered or find a clinic near you, click here. Please note: due to construction delays, the Briarforest location in Houston is temporary. The permanent site will open at 12586 Westheimer Road in mid-February.
Naturally Slim Registration is Open
If your plans for the new year include losing those holiday pounds, remember your BMC benefits can help. Sign up for the free, online Naturally Slim program between January 13 and 24. If you participate, you will learn how to eat the foods you love while reducing your risk of developing severe conditions, like diabetes or heart disease. The program begins on February 10. Space is limited, so mark your calendars and go to naturallyslim.com/bmc to learn more.
Employees, spouses, and adult dependents over the age of 18 covered on the BCBS medical plan are eligible to apply. bWell participants will automatically earn 250 points under the "WeightoGo" challenge by completing the Naturally Slim program.
Get Confidential, Free Help for Solving Personal Concerns
From time to time, we are all confronted with everyday life or work difficulties. This is just a reminder that your EAP is available to you and your immediate family members 24/7. Call
1-800-327-1393 or visit magellanascend.com/. To register on the site, enter the program’s toll-free number 1-800-327-1393 on the Registration & Sign In page. From there, you’ll set up a username and password to use for future visits to the site.
What is an Employee Assistance Program?
Your Employee Assistance Program (EAP) is a voluntary, confidential service that provides professional counseling and referral services designed to help with personal, job, or family-related problems. Your EAP can help you and your family members identify, resolve, and gain control over issues that may be interfering with work and daily life. Through short-term counseling, the EAP can help you understand what options are available.
What Issues Can the EAP Help Solve?
- Stress, Anxiety, and Depression
- Life Transitions
- Communication Problems
- Resolving Conflict
- Parent-Child Conflicts
- Child Care Issues
- Problem Drinking/Illegal Drug Use/Prescription Drug Misuse
- Coping with Serious Illnesses
- Managing Anger
- Workplace Conflict
- Elder Care Issues
- Separation and Divorce
- Domestic Violence/Sexual Harassment
- Grief and Loss
What Will Using the EAP Cost?
The EAP is an employer-paid benefit. BMC provides the first six visits with a counselor at no cost to you. After that, your visits may be covered by your medical insurance. If a referral to a long-term treatment provider is needed, your EAP counselor will coordinate a referral or provide resources.
Attend a Webinar
Mark your calendar and plan to attend an upcoming EAP monthly Webinar.
Wednesday, February 12 at 1:00 p.m., CST
Mindfulness: The Life-Changing Practice for Living a Happier, Healthier Life
- Discover the many benefits of mindfulness
- Discuss various practices and programs
- Learn how to incorporate mindfulness in your day to day life
- Experience the power of being present
Wednesday, March 11, at 1:00 p.m., CST
Thriving in a Multigenerational Workforce
- Describe the five generations currently in the workplace
- Learn how each generation impacts the workplace
- Identify tips to help you navigate the multigenerational workforce
January is Mental Wellness Month
Mental Wellness Month affirms that being mentally healthy is a vital part of our overall well-being. Just as it's important to monitor markers of our physical health such as blood pressure or cholesterol levels, we need awareness of our emotional well-being. This can include our moods, our ability to function socially, our energy levels, and our ability to respond to challenges.
- Be aware. Seek help if you experience ongoing feelings of sadness or hopelessness; loss of energy; insomnia, early awakening or oversleeping; or restlessness and irritability.
- Get support. Call your program’s toll-free number or log on to your program website to access education, tools, and resources to help you learn practical ways to improve your mental health.
- Care for yourself. Avoid alcohol and drugs. Refresh your psyche by walking or driving to a new place, or try a new restaurant. Express your feelings through writing, painting, or drawing.
- Give treatment time. If you’ve begun mental health or substance abuse treatment, stay with your treatment plan and don’t prematurely discontinue any prescribed medications.
Visit MagellanHealth.com/MYMH or contact your program for resources to help you and your family.
Plan Your Journey to Retirement with New Resource
If you’re considering retirement from BMC, you’ve got a lot on your mind. Retirement is a life decision that involves many important considerations. And it's essential to understand the impact on your benefits and your options to continue coverage a little longer.
Whether you are 10 years from retirement or have a different timeframe – be sure to visit the Journey to Retirement page at mybmcbenefits.com. Get the details you need to help you unravel the financial mysteries of life after work and discover changes you can make for a financially secure future. Visit the page to:
- Learn about the impact on your benefits when you retire and your options to continue coverage a little longer.
- Get the highlights about programs and benefits that will be available to you when you retire, such as Social Security and Medicare, so that you can keep them in mind as you plan for the future.
- Check out a list of resources with contact details so that you can access additional information.
Don’t Miss Out on Free Money for Your 401(k) in 2020
If your 401(k) contribution percentage is so high that you meet the $19,500 limit in the first half of the year, you could lose out on thousands of dollars in match money from BMC. You could also lose out on the match if you change your contribution percentage up and down throughout the year or suspend contributions temporarily because of cash flow issues. Make 2020 the year where you don’t lose money.
To learn more, watch the “Don’t Miss Out on the Match” video and use the BMC Retirement Savings Calculator. The calculator can help you figure out how much to contribute each pay period to make sure you don’t exceed the limits and miss out on any of the BMC matching contributions. This tool can be used after you’ve already made contributions for the current year. You will need to know your year-to-date contributions. A current pay stub will provide this information. Review the Payroll Cutoff Schedule to determine when your contribution changes take effect.
Need more retirement help? Speak with a Fidelity expert at 866-546-4424.
Financial Well-Being: 6 Ways to Start Strong in 2020
Like exercise or diligent flossing, good financial habits are the unsung heroes of personal financial success. It doesn't matter where you start, practicing small steps, like saving regularly or putting extra payments toward debt, can help you accomplish your larger goals. That may explain why so many people set financial resolutions each year.
More than half of Americans, 53%, say they aim to save more in 2020, 51% plan to pay down debt, and 35% say they will spend less in the new year, according to Fidelity's 11th annual New Year Financial Resolutions Study.
Once your good habits are established, consider these steps that could help you go even farther. Read More