PlanNotes
Program Elements Tishman's Employee Benefits Program offers two types of benefits: 1) those that are provided by Tishman at nocost to youand 2) those that youhave the optionofenrollingin andrequire an employeecontribution. If you meet the eligibility requirements, you will automatically receive Basic Life Insurance, Basic Accidental Death and Dismemberment (AD&D), Basic Dependent Life Insurance, and Basic Long-Term and Short-Term Disability coverage. These benefits, as well as vision coverage (if elected), are company- paid and are provided with no employee contributions. You are also given the option of enrolling in the following benefits:
Core Oxford EPO 20/40 (Medical/RX)
Core Dental
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Annual Enrollment Annual enrollment is the window of opportunity before the beginning of the plan year when a current employee can do the following:
Oxford HDHP $1,500/90% with Health Savings Account (Medical and RX)
Voluntary Buy-Up Dental
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Voluntary Life Insurance
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Buy-Up Oxford PPO 20/40 (Medical and RX)
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Voluntary Employee-Paid Long-Term Disability
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When you enroll in these benefits you either share a portion of the premium cost with Tishman or pay 100% of the benefit cost. If you waive Voluntary Employee-PaidLong-TermDisability coverage, you will automatically be enrolled in Employer-Paid Long-TermDisability coverage when eligible. Waive Option/Proof of Insurance Employees have the option of not participating in Tishman's EmployeeBenefits Program. To waive Medical/Prescription Drug coverage, you must provide proof of other Medical coverage (e.g. through a spouse's benefits plan, etc.). Please keep in mind that if you choose to waive Medical coverage, you are still eligible to select other benefit options. Cost of Coverage Employee Contributions for Medical Coverage will continue to be based on a 4-tiered level of coverage. EffectiveJanuary 1, 2023, the employee contributionsare:
⮞ elect new benefits;
⮞ change coverage levels; and/or
⮞ discontinue or
"drop" benefits.
Please Note: It isalso important to review and update your address, dependent and/or beneficiary information on file at this time.
Level Of Coverage
% of Base Salary
Annual Maximum
1.25%
$2,626
Single
2.00%
$4,475
Employee+ Child
2.25%
$5,250
Employee + Spouse
2.50%
$7,600
Family
In 2023, Tishman will continue to offer employees the choice of three (3) Oxford Health Medical Plans. The Oxford Platinum EPO 20/40 Non-Gated Plan is considered the "Core" Medical Plan; and the Oxford Platinum PPO 20/40 Non-Gated Plan is offered as a "Buy- up" option. Employees who elect to buy-up will pay their employee contribution, plus the difference in the Plans' which is noted below under the "+/Pay Period" column. Level of Coverage Buy Up PPO Core EPO +/yr +/pp Single $17,296.80 $16,687.20 $609.60 $23.44 Employee and Spouse $34,593.72 $33,374.40 $1,219.32 $46.89 Employee and Child(ren) $29,404.68 $28,368.24 $1,036.44 $39.86 Family $49,296.12 $47,558.52 $1,737.60 $66.83 Employees who elect the Oxford HDHP will pay the same contributions for medical coverage as the Core Plan, however, employees that elect to contribute to the Health Savings Account will receive a match contribution - 100% of the employee's deferral up to $500 for single / $1,000 for family. The HSA match will be made each pay cycle. 5
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