With you in mind, Richey May is excited to announce many enhancements for this year's Benefits Open Enrollment! With so many updates, ALL employees will be required to elect or decline benefits during the Open Enrollment period. Open Enrollment will be from May 10th through May 19th, with benefit updates going into effect on July 1st, and current coverages terminating on June 30th.
Action must be taken during open enrollment since all current coverages will be terminated effective July 1, 2023!
- A new dental carrier, Guardian, which will expand network options and reduce confusion employees experienced with Meritain Dental
- A new vision carrier, VSP, with enhanced benefits, a broad network, and lower premiums compared to Meritain Vision
- A new flexible spending account (FSA) will be available to those who enroll in the PPO health plan
- Those who enroll in either of the HDHPs will have a Health Savings Account (HSA) administered by P&A Group, who offers lower monthly account holder fees and more diversified investment options compared to Optum Bank
- We will offer two new supplemental benefit plans through Sun Life - a Hospital Indemnity plan and a Critical Illness plan
- Our current Accident plan will move from Allstate to Sun Life
- The disability plans, life insurance, and AD&D coverage will also move to Sun Life. Disability, life, and AD&D premiums are paid for by Richey May and employees are automatically enrolled
- Our Employee Assistance Program (EAP), which is available to all Richey May employees and their families, will move to ComPsych
Our Benefits Guide will walk you through the details of all our plans.
The insurance charge rates show what the costs are for the different benefit plans.
Holmes Murphy, Richey May's benefits broker, will be hosting two virtual information sessions:
You can also reach out to our brokers directly at richeymay@holmesmurphy.com
Alternatively, you can reach out to Richey May's Human Resources team, Kathy Sealman (kathy@richeymay.com) or Brooke Moore (brooke@richeymay.com)
Meet ALEX!
ALEX is an online benefit navigation tool. With ALEX, you can:
Discover your best-fit benefits at your own time and pace
Build out a family member's health plan to compare against Richey May's options for more confidence in your decisions
Interact with video content, calculators, and gamified tools to take all the guesswork out of selecting the right benefits
Click here to watch our benefits broker, Holmes Murphy, walk us through the 2023 - 2024 Benefits Guide. Only Richey May employees can view the recording so please watch with family.