Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Fortinet 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 Fortinet 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 401(k) plan offered by Fortinet?
Fortinet offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, which can help reduce taxable income.
Does Fortinet match employee contributions to the 401(k) plan?
Yes, Fortinet provides a matching contribution to employee 401(k) plans, helping to enhance employees' retirement savings.
What is the eligibility requirement for Fortinet's 401(k) plan?
Employees at Fortinet are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first few months.
How can employees at Fortinet enroll in the 401(k) plan?
Employees can enroll in Fortinet's 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What types of investment options are available in Fortinet's 401(k) plan?
Fortinet's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Can employees at Fortinet take loans against their 401(k) savings?
Yes, Fortinet allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.
What happens to my 401(k) if I leave Fortinet?
If you leave Fortinet, you can either roll over your 401(k) balance into another retirement account or leave it in Fortinet's plan, subject to the plan's rules.
Is there a vesting schedule for Fortinet's 401(k) matching contributions?
Yes, Fortinet has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer match.
How often can employees change their contribution amounts to Fortinet's 401(k) plan?
Employees at Fortinet can typically change their contribution amounts at any time, subject to the plan's specific guidelines.
Are there any fees associated with Fortinet's 401(k) plan?
Yes, Fortinet's 401(k) plan may have administrative fees and investment fees, which are disclosed in the plan documents.
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