Healthcare Provider Update: Provides HDHP, HMO, and PPO medical plans, with employer HSA contributions, dental, vision, and disability insurance 2. With ACA insurers requesting double-digit hikes, Aristas comprehensive benefits and HSA support help employees manage rising healthcare costs more effectively than marketplace options. Click here to learn more
Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Arista Networks employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.
What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.
What are the rules?
Medicare pays for a fixed amount of your health care to Arista Networks offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.
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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.
1. Medicare.gov, 2022
What type of retirement savings plan does Arista Networks offer to its employees?
Arista Networks offers a 401(k) retirement savings plan to help employees save for their future.
Does Arista Networks match employee contributions to the 401(k) plan?
Yes, Arista Networks provides a matching contribution to the 401(k) plan, subject to certain limits.
How can employees enroll in the 401(k) plan at Arista Networks?
Employees can enroll in the 401(k) plan at Arista Networks by completing the enrollment process through the company’s HR portal.
What is the eligibility requirement for Arista Networks’ 401(k) plan?
To be eligible for the 401(k) plan at Arista Networks, employees must meet specific criteria such as age and length of service.
Can employees at Arista Networks take loans against their 401(k) savings?
Yes, Arista Networks allows employees to take loans against their 401(k) savings under certain conditions.
What investment options are available in the Arista Networks 401(k) plan?
The Arista Networks 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.
How often can employees change their contribution amounts to the Arista Networks 401(k) plan?
Employees can change their contribution amounts to the Arista Networks 401(k) plan on a quarterly basis.
What is the vesting schedule for employer contributions at Arista Networks?
The vesting schedule for employer contributions at Arista Networks varies based on the length of service and specific plan provisions.
Does Arista Networks offer financial education resources related to the 401(k) plan?
Yes, Arista Networks provides financial education resources and workshops to help employees make informed decisions about their 401(k) savings.
What happens to my 401(k) savings if I leave Arista Networks?
If you leave Arista Networks, you can choose to roll over your 401(k) savings to another retirement account or withdraw the funds, subject to tax implications.