Looking over health plan options for the first time can be intimidating, and it’s also easy to forget some of the terminology. Below are some of the primary elements of a health plan. Of course there are more, but here are some of the basic terms you should know before diving in:
Under the Affordable Care Act (ACA), you can stay on your parent’s healthcare plan until you turn 26, regardless of whether you live with them or not. Depending on your parent’s plan, you may lose healthcare coverage on your 26th birthday. Some plans allow young adults to stay on their parent’s plan throughout the end of the plan year, and others drop coverage on the day you turn 26. Since all plans are different, it’s important to plan ahead to ensure that when the time comes you are covered.
If you want to keep seeing your current provider(s), you should make sure they are in a plan’s network. You can find out by visiting the plan’s website, calling the insurance carrier, or even checking with your doctor’s office to see if they accept a particular insurance plan. If your preferred doctors are not in-network and you’re comfortable paying a bit more to see them, you may want to consider a PPO or HDHP style plan.
Do you visit a chiropractor or get acupuncture? Do you have frequent doctor or urgent care visits? Do you have a condition that requires the care of a specialist? Do you take prescription medications? Look at your benefits materials and plan documents to compare how each plan covers the services you need the most.
Do you have to meet a deductible before the plan will pay? Can you offset expenses with a tax-free account such as an HSA or FSA? These factors can impact your true healthcare costs. The lowest premium plan may not be the least expensive plan for you, and conversely, the highest cost plan is not always the “best” plan for your needs.
You are eligible to participate in the healthcare plans on your date of hire if you are a full-time employee who works an average of 30 hour(s) per week.
You can enroll your dependents in many of the same plans you choose for yourself. Eligible dependents include:
We’re ecstatic you’ve decided to join the team! We know you’ll have a lot of information thrown your way when you start, so we want to make enrolling in your Alteryx benefits as simple as possible. This page will help you cut through the noise and take necessary action.
Confirm you’re eligible to enroll before you begin—regular employees who work an average of 30 hours per week are eligible to enroll in our benefits.
New hire coverage begins on your date of hire if you enroll within 30 days of becoming eligible. If you miss the enrollment deadline, you’ll need to wait until the next Open Enrollment (the one time each year you can make changes to your benefits for any reason).
Medical ID cards will be mailed to your home address within 7-10 business days.
Once you feel ready to enroll, make sure you have the right information available. Collect the date of birth, Social Security Number (SSN), and address for each dependent and/or beneficiary you wish to include in your benefit elections.
When you’re ready to enroll, go to your Workday tasks and click on the New Hire Benefits Task to get started.
Some benefits require a manual enrollment or opt-out, and others require no action from you. Here’s a breakdown:
Enroll in or waive coverage for:
You’re automatically enrolled in:
If you’ve come from another employer, you may need to take the following items into account while making your elections.
401(k): Please take into account the annual IRS contribution limits when setting up your contributions to Alteryx’s plan—your previous contributions and your contributions at Alteryx both count toward the IRS limits.
Health Savings Account (HSA): Note the IRS annual contribution limits—if you’ve already contributed to an HSA this year at your previous employer, be sure to factor that amount in when you’re setting your new HSA contributions.
*In order to be eligible for the Carrot benefit you must enroll in a Alteryx medical plan
**Eligible employees will be enrolled in the plan automatically at a 6% contribution rate after 30 days of employment. Log in to your Fidelity 401(k) account to change your contribution rate.
You can make changes to your benefit elections during the plan year if you experience a qualifying life event. You have 30 days from the date of the life event to make those changes. If you miss this window, you will not be able to make changes until the next annual Open Enrollment period.
Qualifying life events include:
You may be required to provide documentation, such as a birth certificate or marriage license, to make changes to your elections or coverage.
Learn more about qualifying life events on Healthcare.gov.