Open Enrollment is your annual opportunity to review, enroll in or make changes to your benefits, as well as add or drop coverage for eligible dependents for benefits effective Jan. 1, 2025.
Open Enrollment will be held Oct. 28 through Nov. 18. Once again this will be an “active” Open Enrollment. So you must make an election to continue your coverage in 2025.
Virtual Group meetings as wells as individual meetings will be held to ensure you understand the great benefits that Riverside offers and to help you make the best decisions for you and your family. Watch for the Open Enrollment Notice email for the full meeting schedule and instructions for scheduling individual meetings coming soon.
The Riverside Benefit and Wellness Fair will be virtual so that all staff can participate regardless of your work location. Be sure to watch for daily emails focusing on a different benefit each day and you can get entered into a daily drawing for prizes, such as gift cards, designer sunglasses, FitBit, and more!
Emails will be sent to all benefit eligible employees once enrollment opens with instructions to enroll through the Infor Employee Self-Service portal. There you will also find information about what is new for 2025 as well as all the benefit information and materials.
Stress is an unavoidable part of life. This week, we offer several tips on managing chronic stress.
Join Empower for a live webinar: Retirement Readiness
Join Empower to learn about:
• What is retirement readiness?
• How much does it take to retire?
• Estimating and factoring in Social Security
Live virtual sessions are available throughout the month. Sign up via the QR code or link below.
www.learningfromempower.com
Embarking on a journey to better health is always a timely decision, and we’re excited to remind you that you have exclusive, complimentary access to Noom through Riverside Healthcare-an invaluable $199 health support at no cost to you. The program is available to all benefit eligible employees as well as spouses insured on the Riverside Health plan.
Noom stands out as a proven weight loss program, boasting an average of 15 pounds lost in just 16 weeks.
When you enroll, you’ll enjoy:
Beyond the myriad health benefits, Noom is recognized as a Reasonable Alternative for the 2024 REACH Wellness Program. This means that should you fall short or not show improvement in at least 3 out of 5 key health measures, participating in the Noom program will earn you a coveted Level 2 credit!
To earn Level 2 credit, complete the following two requirements:
Ready to chart your course towards optimal health? Waste no time- sign up now and kickstart your journey..
As you start thinking about Open Enrollment this fall, you may be considering enrolling in a High Deductible Health Plan (HDHP) for significant savings on health insurance premiums. The best part of the HDHP plan is that you are eligible for a Health Savings Account (HSA). An HSA allows you to save money for qualified medical expenses that you’re expecting, such as contact lenses or monthly prescriptions, as well as unexpected ones —now and in the future.
Why have an HSA?
You own it – The money is yours until you spend it, including Riverside’s contributions of $850-$1100 annually. You keep it, even if you change jobs, health plans or retire.
Tax savings – HSA’s help you plan, save and pay for health care, all while saving on taxes. For example, if you make an annual contribution of $1,200. The annual income tax savings could add up to $452 (25% federal | 5% state | 7.65% FICA).
o The money you deposit is federal income tax-free.
o Savings grow income tax-free.
o Withdrawals for qualified medical expenses are also income tax-free.
It’s not just for doctor visits – Once you’ve contributed to your account, you can use the funds in your HSA to pay for qualified medical expenses such as: Dental care, including extractions and braces, Vision care, including contact lenses, prescription sunglasses and LASIK surgery, Prescription medications and certain over-the-counter drugs, Chiropractic services, Acupuncture, etc.
Save for the future – Your HSA rolls over from year to year, so you can continue to grow your savings and use it in the future – even into retirement.
If you would like to know more, the Benefits Team is happy to meet with you to explain the benefits and answer your questions.
To schedule a meeting, call or email the Benefits Team:
[email protected]
HR Benefits Office – Suite B501 (take the B Elevators)
Direct Dial: (779) 701-2092
Internal Ext. 37270
Meet now to get a head start before Open Enrollment coming in the fall.