WELCOME TO TAYLOR METAL PRODUCTS
Our health care plan renews on January 1 st every year. Every year we review our benefit plan offerings, consider what we offer, the cost for the year and what we can afford. We consider our levels of benefits, our insurance company performance, and the cost to both you and the company. Based on this review, and in consultation with our benefit consultant, we have made the following decisions for our benefit offerings for this plan year:
• Regence Group Administrators (RGA) will continue to administer our medical benefits. • Our medical network will continue through Blue Cross/Blue Shield network providers • CVS/Caremark will continue to administer our prescription drug program but through RGA. • Reliance Standard will continue to be our benefit partner for these benefits
• Voluntary Dental (through the Ameritas Dental Network) • Voluntary Vision (through the VSP Choice Vision Network)
• Supplemental Life • Voluntary AD&D • Voluntary Accident • On-Call 24/7 Worldwide Travel Assistance
Please keep in mind that our health plan is a self-funded plan. This means that Taylor Metal assumes the financial risk for providing health care benefits, rather than paying an insurance company to assume this risk. Your health care claims are “processed” by RGA, however the money they use to make those payments comes directly from Taylor Metal, which is funded by the premiums paid by both the company and you.
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TAYLOR METAL PRODUCTS // OPEN ENROLLMENT GUIDE // EFFECTIVE JANUARY 1, 2024
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