Return to Latest COVID-19 Team Member Updates
Click one to jump to:
- PTO/STL Policy
- Open Enrollment Information (Highmark)
- FSA, HSA, 403(B) Retirement Plan Updates (CARES Act)
PTO/STL Policy
Below is an FAQ document (last updated 4/7/21) regarding PTO and STL use for Covid-related reasons.
Open Enrollment (Highmark)
Open Enrollment for the 2022/2023 benefit year starts May 17, 2022 and ends May 31, 2022. All eligible team members MUST complete their benefit enrollment in Paycom, whether or not you are making changes.
This year we are excited to announce that we are changing our health insurance carrier to Highmark! Highmark is widely respected in our community and we look forward to partnering with them to offer the best coverage at affordable rates. This change also allows us to keep the same plan structures without increasing team member contributions!
Here is some helpful information:
Messiah Lifeways Benefits Enrollment Guidebook
FSA, HSA, 403(B) Retirement Plan Updates (CARES Act)
The CARES Act has allowed some changes to your FSA, HSA and Retirement Plan that may help you during this time.
Flexible Spending Account and Health Savings Account Changes
CARES Act details: Consumers can purchase over the counter (OTC) drugs and medicines with funds from their Health Care Flexible Spending Account (HCFSA) beginning April 1, 2020 and their Health Care Savings Account (HSA). Consumers may also receive reimbursement for OTC purchases through those accounts. In addition, menstrual products are now considered a qualified medical expense, meaning consumers can pay for or be reimbursed for these products through an HSA, HCFSA. This provision is effective for purchases made after December 31, 2019 for the HSA and April 1, 2020 for the HCFSA. It does not have an expiration date at this time.
403(b) Retirement Plan Distribution Changes
Penalty-free withdrawals for coronavirus-related distributions (CRDs)
CARES Act details: Eligible participants can take up to $100,000 of their vested balance from their employer-sponsored retirement plan accounts without being subject to the normal 10% early distribution penalty or the 20% mandatory tax withholding, and the distribution can be repaid over a three-year period as a roll-in. This provision applies to distributions taken in calendar year 2020.
Expanded loan provisions for eligible participants
CARES Act details: The available loan amount has been increased to the lesser of (1) 100% of the vested balance (up from 50%) or (2) $100,000 (up from $50,000). In addition, some participants will be able to delay loan repayments for one year. This provision applies to loans taken between March 27, 2020, and September 23, 2020.
Required minimum distribution (RMD) waiver
CARES Act details:
Individuals are permitted to waive RMDs for 2020, including first-time 2019 RMDs, which individuals may have been waiting until April 1, 2020, to take.
