Annual Enrollment is your yearly opportunity to sign up for, or review and make changes to, your benefits. Make sure you’ve chosen the right coverage for yourself and your loved ones.
We’re pleased to announce that for the eighth consecutive year, there are no changes to what you pay for your medical* and vision plans. There will be a premium increase for those covered by our MetLife dental and long-term disability (LTD) plans.
*If you have had a recent salary increase, you may see a contribution change.
Enroll in your benefits: Oct. 14 – Nov. 1
If you do nothing, your 2024 elections will rollover to 2025, excluding contributions to your limited purpose FSA or dependent care FSA. You MUST re-enroll in these accounts if you want to participate in 2025.
Unless you have a qualified life event, the decisions you make now can’t be changed until next fall’s Annual Enrollment.
Keep reading to learn about important benefit changes and enhancements, how to improve your financial well-being, and how to take action.
What’s new?
What’s new?
We’re making changes that help support your financial and emotional well-being.
- Beginning Jan. 1, 2025, general medicine and behavioral health services with Teladoc will be FREE. We are removing the $10 copay when you receive these services from the comfort of home.
- In 2025, you will have additional free visits with our Employee Assistance Program (EAP). Specifically, we are increasing EAP visits from five to eight visits per issue per year.
- Annual Enrollment in 2025 will also give you the opportunity to enroll in long-term disability (LTD) coverage without having to provide evidence of insurability.
Improve your financial well-being with a health savings account (HSA)
Improve your financial well-being with a health savings account (HSA)
If you aren’t already contributing to an HSA, this is the year to start. Here are several reasons why:
- If you make less than $50,000, Honeywell will contribute $200 when you open an HSA.*
- You can make pretax contributions out of your paycheck, and the funds are never taxed as long as they’re used for eligible expenses.
- Use the funds in your HSA to pay for current out-of-pocket health care costs now or in the future, even in retirement.
- The account is yours to keep, even if you leave Honeywell.
- Once the balance in your HSA reaches $500, you can invest any amount over this limit, so your savings can grow.
*HSA employer contributions are available only to Futureshapers enrolled in the Honeywell Medical Plan who are eligible to contribute to an HSA. Excludes employees of FM&T and those covered by a collective bargaining agreement, except to the extent such collective bargaining agreement specifically adopts the provisions of this Policy.
