2024 Summary Plan Document (SPD)
The 2024 SPD is available on the Plan Documents page on the Ascend to Wholeness website.
|
|
|
2024 SPD—Cash In Lieu of Health Coverage Under the Plan
As of January 1st, 2024, the North American Division Healthcare Assistance Plan (aka Ascend to Wholeness Plan, the Plan) has been amended to add a “cash in lieu of medical coverage” option in order to ensure legal compliance. If you, as the employer, choose to provide this “Employer Opt-Out Payment” to your employees, there are several key items you must implement to comply with IRS requirements. They are as follows:
- Disclosure of this payment option must be made to your employees in open enrollment materials prior to the plan year including the amount of the Opt-out payment.
- The employee must provide you with proof of or an attestation to having major medical coverage under another employer’s plan.
- An employee who makes an election that falls under this “cash in lieu of medical coverage” option cannot change that election until open enrollment or if they have a qualifying status change (such as a marriage, birth of child, employment status change). See the “Change in Status” section on page 37 of the 2024 SPD.
If you have any questions, please email us at benefits@adventistrisk.org or call us at (301) 453-6969.
Please see the Employer Opt-Out Payment Amendment via the image below:
|
|
Direct Letter of Agreement for Adventist Health—Update
The direct letter of agreement that went into effect on May 1, 2023, with Adventist Health ended as of October 23, 2023. Aetna Signature Administrators and Adventist Health, in California, agreed to a three-year contract and are back in-network retroactive to May 1, 2023.
To find in-network providers, go to: Medical Provider Search - Ascend to Wholeness
If your members have health benefit questions, please have them call WebTPA Member Services: (888) 276-4732.
|
|
Healthcare Financial Conversation
On November 8, we held our fourth and final quarterly Healthcare Financial Conversation in 2023. Here is a quick overview of what was discussed:
- 2023 Look Back/Forward
- NAD Health Plan: Administration and Legal Issues
- Overview & Update on NAD RMC Discussion on 10-24-23
- HSA Evaluation and Summary
- Considerations and Conclusions
- NAD Risk Management Committee Decision on HSA
For those who could not participate or if you would like to re-watch the presentation, here is the link to the video: 2023 Q4 Healthcare Financial Conversation
Click on the image to download the PowerPoint pdf.
2024 Healthcare Financial and Benefit Conversations
The 2024 quarterly meeting invites were sent out November 29, 2023. Below are the dates and times. Agendas will be sent for each as we get closer to the meeting date.
Meetings will be scheduled for one hour.
Treasurers and Finance and Human Resources (HR)—Focus on Finances, Compliance
- Quarter 1 | February 14, 2024 (Wednesday) at 2pm EST
- Quarter 2 | May 15, 2024 (Wednesday) at 2pm EST
- Quarter 3 | August 21, 2024 (Wednesday) at 2pm EST
- Quarter 4 | November 6, 2024 (Wednesday) at 2pm EST
HR and Benefits—Focus on How To, Process, Compliance
- Quarter 1 | February 14, 2024 (Wednesday) at 3:15 pm EST
- Quarter 2 | May 15, 2024 (Wednesday) at 3:15 pm EST
- Quarter 3 | August 21, 2024 (Wednesday) at 3:15 pm EST
- Quarter 4 | November 6, 2024 (Wednesday) at 3:15 pm EST
|
|
Flores & Associates – Flexible Spending Account
The IRS has increased the flexible spending account (FSA) maximum contribution to $3,200 ($150 more than 2023). The carry over limit for the 2024 plan year has also increased to $640 ($30 more than 2023). If an employee selected the FSA maximum limit during open enrollment, their FSA contribution amount will be updated to the IRS maximum automatically.
There is no change to the Dependent Care FSA maximum; it is still $5,000 per household ($2,500 if married and filing separately).
2024 Voya Premium Template
The 2024 Voya premium templates, as an excel sheet, will be available on January 8, 2024 via your FileCloud access in the main folder. Beginning in January 2024, please make sure you use the 2024 Voya premium template. NOTE: The Accidental Death & Dismemberment has been added to the premium template.
|
|
bswift Username Standardization
In January, we will standardize all the employee usernames in bswift to match the username sequence: employer six-digit number, first three letters of first name, first three letters of last name.
There will be very limited fall outs due to:
- Incorrect SSN
- Mismatched salary and time status
- Duplicate username found
These accounts will need to be handled individually by the employer. We will send a fall out report to help you identify and correct the accounts.
|
|
Effective January 1, 2024, Aaptiv will be available in Virgin Pulse! Aaptiv is a discounted gym membership platform that gives you access for up to 17,000 gyms! Aaptiv also has FREE digital workouts for both at home and in a gym. We will send out dedicated resources in an ad hoc communication.
VP Stats!
Over the next few months, we will share interesting statistics from the 2024 Wellness Campaign. The first stat we would like to highlight is the enrollment and engagement of the employees and spouses.
NOTE: Source—VP Insights. Benchmark: Like industry with similar Reward Program
|
|
|
Open Enrollment Survey
We would like to hear from you! Please click on the Survey Monkey link for a very short questionnaire. If you complete the survey, there is a chance you may win a Harry and David basket! *Hint: don’t skip the last question* Thank you for taking the time to help us!
Survey Monkey link: https://www.surveymonkey.com/r/FFJFB6L
|
|
|
|
|
