Healthcare Provider Update: Provides health coverage through Credence Blue Cross Blue Shield, Aetna Dental, CVS Caremark, and EyeMed, with HDHP and HSA options 2. With ACA insurers requesting double-digit hikes, Atkores HDHP with HSA support offers a tax-advantaged, cost-effective alternative to marketplace plans. Click here to learn more
Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Atkore 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 Atkore 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 is the Atkore 401(k) plan?
The Atkore 401(k) plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax basis.
How can Atkore employees enroll in the 401(k) plan?
Atkore employees can enroll in the 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.
Does Atkore offer a company match for 401(k) contributions?
Yes, Atkore offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for Atkore’s 401(k) plan?
The maximum contribution limit for Atkore’s 401(k) plan is determined by the IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.
Can Atkore employees change their contribution percentage to the 401(k) plan?
Yes, Atkore employees can change their contribution percentage at any time by accessing their account through the benefits portal.
What investment options are available in the Atkore 401(k) plan?
The Atkore 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
When can Atkore employees start withdrawing from their 401(k) plan?
Atkore employees can start withdrawing from their 401(k) plan without penalty after reaching the age of 59½, or under certain circumstances such as financial hardship.
Does Atkore allow loans against the 401(k) plan?
Yes, Atkore allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan documents.
Are there any fees associated with the Atkore 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Atkore 401(k) plan. Employees should review the plan documents for detailed information.
How often can Atkore employees change their investment options within the 401(k) plan?
Atkore employees can change their investment options within the 401(k) plan at any time, allowing for flexibility in managing their retirement savings.
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