Turner Industries Company Magazine Fall 2016

Page 18

FALL 2016

Q&A with Benefits' Dan and Dawn With the annual benefits enrollment around the corner, we sat down with Dan Burke, Turner director of benefits and Dawn Ramoin, benefits manager, to talk about what changes employees can expect for the upcoming year. 1. What are the major benefit changes employees can expect for 2017?

We feel Vanguard is the best fit for our employees. This plan

Starting in January, 2017, we will add a telemedicine benefit to

selections, but if they choose not to, and most won’t, they will

our medical plan. This will allow participants to be seen by a

be defaulted into a portfolio that is age appropriate and will

physician either telephonically or via video chat, 24 hours a day,

adjust as they progress in their careers here at Turner. All of

seven days a week. Turner has also negotiated a 5% reduction

this will be delivered at a fee that is much lower than partici-

in premiums for optional life insurance for all employees and

pants are seeing today.

gives employees the ability to customize their investment

increased spousal coverage to $25,000. Also, for this annual enrollment only, employees may enroll in voluntary disabil-

3. How can I best stretch my benefit dollar?

ity without Evidence of Insurability (EOI). This includes those

Utilizing the preventive care benefit is paramount. Other ways

employees who may have been previously denied coverage.

participants can save money are to utilize the Care Cost Estimator on the Highmark website, switch to generic prescrip-

2. Are there any changes being made to the 401(k) plan?

tions when possible, and only use the emergency room for

After a thorough review of our 401(k) plan, the decision was

of-pocket costs.

true emergencies. These have an immediate impact on out-

made to move the administration of the plan from Bank of America Merrill Lynch to Vanguard starting January 1, 2017.

For detailed information about your benefits offering and 2017 enrollment information, please visit www.tigbenefits.com. 17

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10/10/16 3:36 PM


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Turner Industries Company Magazine Fall 2016 by Turner Industries - Issuu