Your Current Pricing Stays the Same
FSG's healthcare premium costs increased by $1.2 Million for 2023. Some companies would make their employees pay for that increase.
FSG has chosen to absorb this $1.2 Million increase in health insurance premiums so that our employees don't have to.
This means that your healthcare premiums on your current plan are not going to go up in 2023.
Open Enrollment Runs Nov. 7th - 23rd
This year, Open Enrollment will run from Monday, November 7th through Wednesday, November 23rd.
To make changes, log in to your Paycom account and go to your Benefits tab. You'll see an option to choose your benefits for 2023.
All Open Enrollment selections will go into effect on January 1st, 2023. If you make no changes to your current coverages, your coverages will automatically carry over into 2023.
Benefits Enrollment Process
Enrolling in your benefits can be confusing. FSG and our benefits broker have teamed up to offer this library of resources to help make the process easier.
Click the box to the right and you'll be taken to a library of videos that explain the different components and how to make choices when it comes to your benefits options.
Your HR department is also available to answer questions. Simply click the button below and submit any questions you have and the HR team will get back to you as soon as they can.
HSA, 401K, and More
HEALTH SAVINGS ACCOUNT
A Health Savings Account (HSA) is similar to a personal savings account, but the money is only used to pay for healthcare expenses (think prescription medications, doctor appointment co-pays, feminine products, etc.).
You have complete autonomy over how much or how little of your paycheck is pulled into your HSA. For a full breakdown of what an HSA is, watch the video below.
To sign up for an HSA, complete the one-page online enrollment form through Optum Bank. Once submitted, you'll receive a debit card and welcome packet in the mail. (Note: FSG cannot create your account for you).
New sign-ups must be submitted by the end of Open Enrollment - November 23rd, 2022 to receive an upfront match deposit in January.
Reminder: You must be enrolled in the HealthSaver Medical Plan to contribute to an HSA.
BENEFITS OF AN HSA
FSG will match up to $1,000 for employee-only coverage and $2,000 for employee plus dependent coverage
FSG will again provide half of the matching funds upfront in January
Video Library: Click Below to Learn More about Your HSA
FSG believes in the importance of preparing for the future and maximizing returns. By offering our employees a well-structured 401K, FSG is helping people do both of these things.
When you take part in a 401K program you're not only saving a portion of the money you've already made, but you're also getting money, both from FSG in the form of an employer contribution and in the gains from the investments where that money is maintained. Some have gone so far as to describe a 401K as "free money".
FSG's 401K program is managed and maintained through Principal Financial. Principal has prepared a library of resources for FSG employees where you can learn more about how a 401K works, how to get involved, and what you can do to better prepare for that day when you get to say "I'm retired"!
401K, LEARN HOW TO...
Benefits Enrollment Contact Form
If you don't have any changes, or if you have questions, fill out the form below and let us know. If you have questions, an HR team member will get back to you ASAP. If you don't have any changes, don't worry, we won't bother you, but we really appreciate you letting us know.