Answering Prayer's at our Scatterfield Location

Great story below just in time for the Holidays!!

Excellent work Cloe and Misty!!

Merry Christmas Everyone!!!!

Attention Hourly Store Employees: Open Enrollment Wrap Up

 

If you were unable to attend an open enrollment meeting, open enrollment ends today, December 10, 2014.  If you desire coverage and were unable to meet this deadline, the HR Team will request an extension through December, 15, 2014, however, we cannot guarantee the insurance companies will accept enrollments beyond the deadline.  

 If you previously declined the voluntary benefits and would like to enroll, you may do so during this period.  If you do not make your elections during this period, you will not have benefit coverage for the upcoming year beginning on January 1, 2015 for medical insurance.  If you currently have dental, vision, Allstate life and/or short term disability, Legal Shield, or 401(k) these plans will continue unless a change is made.

The Federal Exchange Open Enrollment period ends December 15, 2014. 
 Open Enrollment is a once a year opportunity to evaluate your health care needs and decide which plans best meet the needs of you and your family.  Please review the information to learn more about the benefits available to you in 2015 and how to comply with the requirements of Health Care Reform. 

Part Time employees may enroll in the Allstate Life and/or Short-Term Disability.

To learn more about your benefits, please watch the short educational videos (also posted on The Pipeline):

Medical, Dental, Vision, Life and Short Term Disability:   https://www.youtube.com/watch?v=yyPJb_6KmfU

401(k):  http://www.screencast.com/t/JliqQk97OoK

(Enrollment may be completed via the Ascensus website, https://myaccount.ascensus.com/rplink

 

Health Care Reform

Ricker’s will comply with all Affordable Care Act (ACA) requirements.  This year, there are minimal Health Care Reform regulations for employers; however, you as an individual, need to comply with  the individual mandate, which requires you to have health care coverage or pay a penalty.

Individual Requirements

If you are a full-time team member electing the medical plan during Open Enrollment, there is nothing you need to do and you will satisfy the individual mandate. You will not be subject to any penalties by remaining enrolled in our plan.

If you do not currently have coverage, you may want to consider enrolling for benefits through Ricker’s  during Open Enrollment.  If you do not elect Ricker’s coverage, you can enroll for coverage through your spouse’s plan or the Federal exchange.  If you do not have coverage, you will be subject to the ACA penalty. The penalty is based on a percentage of your household income, as shown below: 

	2014	2015	2016	After 2016
Income Based Penalty	1% of household income	2% of household income	2.5% of household income	2.5% of household income
Minimum Penalty Amount	$95	$325	$695	$695 + inflation adjustment

 Note: It’s important to remember that if you do not have medical coverage, you will pay the penalty AND be responsible for 100% of the cost of medical care.  

Employer Requirements

Under the ACA, employers must offer full-time employees a medical plan option that meets requirements of minimum essential plan medical care plan and affordable as defined by the ACA. An “affordable” plan means that a company must not charge more than 9.56% of your W-2 wages and must cover 60% of the total cost of health care benefits of the plan. The Ricker’s medical plan meets these requirements. Because the Ricker’s medical plan meet the ACA standards of affordability, you will not be eligible for a subsidy if you choose to receive coverage in a public marketplace.

 Key Solution Minimum Value Plan

To enroll in the MV Plan, the KeySolution and the TransAmerica enrollment forms must be completed and returned no later than December 10, 2014.

Other Available Benefits - See attached Summary Plan Descriptions for details.

• Humana Dental Insurance - If enrolling, designation must be selected - Preferred or Preventative
• Humana Vision Insurance
• Allstate Life and Short-Term Disability
• Ascensus 401(k) Profit Sharing Plan
• Legal Shield

 

Benefits Open Enrollment - Last Chance to Sign Up

Attention Store Hourly Employees:  Last chance to sign up during Benefits Open Enrollment

 

Open enrollment ends on Wednesday, December 10, 2014.  The remaining Open Enrollment meetings are scheduled at 10:00 and 3:00 on Tuesday, December 9, 2014 at the Fisher’s Branch Hamilton East Public Library.

 Due to the number of  requests and calls  to the HR Team requesting one on one meetings to complete forms, one final meeting has been  added and is scheduled for Tuesday, 12/9 at 1:00 at the Corporate Office. 

 Don’t let Open Enrollment close without enrolling if you are interested.

Benefits Open Enrollment

Mission Statement:  Making life better - a great place to work and shop

At Ricker’s, we are committed to being “A Great Place to Work.” Our commitment includes offering health care benefits for you and your family.  Benefits Open Enrollment runs through December 10, 2014 and is a  once a year opportunity to evaluate your health care needs and decide which plans best meet the needs of you and your family.  

Important reminder:  The hourly indemnity plan, PanaMed, will terminate as of December 31, 2014.

If you desire medical insurance and indemnity package, you must enroll in the new KeySolutions insurance.  If you previously declined the health indemnity plan and/or voluntary benefits and would like to enroll, you may do so during this period.  

There is still time to enroll!  The remaining mandatory (for hourly store personnel) meeting schedule is:

Thursday, 12/4 3:00:  Holiday Inn Express, 6296 Cambridge Way, Plainfield
Friday, 12/5 at 10:00 or 3:00:  Noblesville Branch Hamilton East Public Library
Monday, 12/8 at 10:00 or 3:00:  Holiday Inn, IPFW 4111 Paul Shaffer Drive
Tuesday, 12/9 at 10;00 or 3:00:  Fishers Branch Hamilton East Public Library


Health Care Reform

Ricker’s will comply with all Affordable Care Act (ACA) requirements.  This year, there are minimal Health Care Reform regulations for employers; however, you as an individual, need to comply with  the individual mandate, which requires you to have health care coverage or pay a penalty.

Individual Requirements

If you are a full-time team member electing the medical plan during Open Enrollment, there is nothing you need to do and you will satisfy the individual mandate. You will not be subject to any penalties by remaining enrolled in our plan.

If you do not currently have coverage, you may want to consider enrolling for benefits through Ricker’s  during Open Enrollment.  If you do not elect Ricker’s coverage, you can enroll for coverage through your spouse’s plan or the Federal exchange.  If you do not have coverage, you will be subject to the ACA penalty. The penalty is based on a percentage of your household income, as shown below:

	2014	2015	2016	After 2016
Income Based Penalty	1% of household income	2% of household income	2.5% of household income	2.5% of household income
Minimum Penalty Amount	$95	$325	$695	$695 + inflation adjustment

Note: It’s important to remember that if you do not have medical coverage, you will pay the penalty AND be responsible for 100% of the cost of medical care.  

Employer Requirements

Under the ACA, employers must offer full-time employees a medical plan option that meets requirements of a comprehensive and affordable medical care plan as defined by the ACA. An “affordable” plan means that a company must cover 60% of the total cost of health care benefits. The Ricker’s medical plan meets these requirements. Because the Ricker’s medical plan meet the ACA standards of affordability, you will not be eligible for a subsidy if you choose to receive coverage in a public marketplace.

Thank you for your attention to this important information.  As always, our team is available to answer any questions you may have regarding these changes.