Get Ready To Enroll

Ask yourself questions like: Do you expect major changes in your life? Are you planning to grow your family? Or are you becoming an empty nester and no longer need coverage for dependent children? Are you planning a costly medical procedure?

• Health savings account (HSA): Are you taking advantage of this incredible savings opportunity? 
  You can make pretax contributions from 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. Once the balance in your HSA reaches $500, you can invest any amount over this limit, giving your savings the opportunity to grow. Learn more.
• 401(k) plan: Are you leaving free money on the table? You can make pretax, Roth 401(k) or after-tax contributions to your retirement savings plan, and Honeywell matches the first 8 percent of your eligible pay each year at 87.5 percent (up to 7 percent of your base salary). You choose how you want the money to be invested, and you are always 100 percent vested in your own contributions. After three years of service, 100 percent of Honeywell’s matching contributions vest. To receive the annual match, you must actively enroll in the 401(k) plan and have contributions deducted from your eligible pay. Learn more.
• Life insurance: Do you have enough coverage for your family?
  In addition to basic life insurance automatically provided by Honeywell, you have the option of purchasing additional group universal life (GUL) insurance through Securian Financial. You pay the full cost coverage, which varies based on age, coverage level and tobacco status. Check out the Benefit Scout tool on Securian Financial’s website to learn more about how much coverage you should have for yourself and your family. Learn more.

Visit at times convenient for you and others in your household who help make benefits decisions. You may discover benefits and resources you knew nothing about!