2016 Benefits Enrollment Nov. 2 – 13, 2015
Annual Enrollment is your annual opportunity to review your current benefits, make changes and select the plans that best fit you, your family and your life. Take this time to understand all that BMC provides to manage your health and financial future.
Getting started. Get familiar with what’s changing for 2016 at mybmcbenefits.com, and refer to the 2016 U.S. Benefits Guide for detailed information on all your BMC benefits.
HSA tax savings. If you want to maximize your 2016 Health Savings Account (HSA) contributions starting with your first paycheck in 2016, you must re-enter your HSA contribution amount on YBR during Annual Enrollment. If you don’t, your HSA contribution will be reset to $0 as of January 1, 2016, and will remain $0 unless you change it.
Flexible Spending Accounts. You must re-enroll in the flexible spending accounts during annual enrollment every year if you want to participate.
Check your beneficiaries and insurance. As life changes with marriage, kids, adoption, divorce and the like, make sure your beneficiaries are updated and that you have the appropriate amount of insurance.
Your benefits elections last all year, so choose carefully. Once you enroll for your BMC benefits during Annual Enrollment, you can only change your coverage if you experience a qualified status change (life event) such as marriage, divorce, birth or adoption of a child. You have 31 days from an event to change your benefits. If you do not update your benefits within 31 days from your qualified status change, you will need to wait until the next Annual Enrollment period.