To: All Associates on Sullivan's Health Insurance with United Health Care Feb 9, 2022
Re: United HealthCare
As your HR Director and your liaison with our Health Insurance company, I felt it important that I share some information that I received this morning. As you all know when we signed with United HealthCare, we had a two-year contract with no increase on the second year. January of 2022 was the beginning of our second year; thus, we were all able to benefit and appreciate no increase in premiums or changes to our deductible this year. The information that I received this morning was a general email to all those covered on United Health Care. The attached email indicates that most health insurance plans are going to see a considerable hike in out-of-pocket maximums going forward in 2023. This really comes as no surprise following COVID 20 and 21. We at Sullivan's Foods will still have to do our negotiations with United Health Care starting in November for our January 2023 renewal but felt we should prepare you for what may be coming. It is our belief that increases will be universal, and no company shall be shielded.
I believe one of the best things that you can do in preparation for such a hike is to open a Health Savings Account (HSA} now and start banking a little money pre-tax if you have not already done so. Even if you did 10.00 per week that will gain you $520.00 in a Health Savings account in a year. Reminder, this is your account and does not have to be used in one year, the account can keep building. The only requirement is that the dollars be used only for health care such as: premiums, Dr bills, vision, and eyeglasses, dental... etc.
To open an HSA, you will need to contact the bank of your choice via the attached list. You will need to an open an account, completing the selected banks paperwork. Then follow up with your store manager who will have you complete the payroll deduction sheet, indicating the amount of money you would like taken from your check. Additionally, you will need to send a copy of a voided check or the banks paperwork to Annie in Payroll at Sullivan’s Office. If you have any questions, please do not hesitate to call Kathy or Annie at Sullivan's Foods Corporate Office: (815)273-4511.
