EMPLOYEE BENEFITS

Terre Hill Concrete Products is pleased to offer a comprehensive benefits package to all of our full-time employees.  For questions regarding your eligibility, enrollment status, or to learn more about all the benefits we offer, please contact Michelle Custer, Director of Human Resources.

2025 BENEFITS AND OPEN ENROLLMENT

The Open Enrollment period for calendar year 2025 is December 11-18, 2024. Any employee who wishes to make changes to any of their insurance coverages for the upcoming year must do so during this timeframe.

ALL FULL-TIME EMPLOYEES — even those who do not want insurance coverage — must complete the Open Enrollment Survey on or before Wednesday, December 18, 2024.

Please review all of the information provided here, then submit your responses using the survey link at the bottom of this page.

For your reference, we have provided a complete Employee Benefits Guide for 2025, as well as many other resources specific to our health insurance coverage in the sections that follow. Please review all of this information carefully and contact the Human Resources Department with any questions you may have.

2025 HEALTH INSURANCE INFORMATION AT-A-GLANCE

Summary

For the 2025 plan year, Terre Hill Concrete Products is pleased to continue offering healthcare coverage for all full-time employees through the Aetna network, administered by Marpai Health. This is the same plan design with the same carrier, same administrator, same coverage, and same benefits as offered in 2024.

The primary plan available for 2025 is a High Deductible Health Plan (HDHP) that utilizes a Preferred Provider Organization (PPO) network. This option is available to all full-time employees and offers everyone the broadest amount of coverage without the need to designate a Primary Care Provider (PCP), obtain a referral before seeing a specialist, or place limitations on your pharmacy benefits.

Additionally, we offer a separate option for full-time employees who are age 65 or older and not currently enrolled in Medicare. For details about this option, please contact the Human Resources Department.

  • Option #1: PPO with HSA – This plan is available to all full-time employees.  It offers all the benefits and flexibility of a traditional PPO insurance plan, as well as the option to set aside money into a Health Savings Account (HSA).
  • Option #2: PPO with HRA – This option is only available to full-time employees who are still on the Company’s healthcare plan and are currently age 65 or older.

To learn more about the plan design and coverage details for 2025, please review the documents below:

Important Highlights

  • For 2025, our provider network will continue to be with Aetna, one of the largest provider networks in the country. To see if your healthcare provider participates in the Aetna network, please contact their office to inquire or search for them here.
  • Our health insurance benefits will continue to be administered by Marpai Health. To learn more about Marpai Health and the services they provide, please review the section below entitled “Understanding Your Health Insurance Benefits.”
  • Deductibles and Out-of-Pocket Maximums for In-Network Providers (no change):
    • Employee Only Deductible / Out-of-Pocket Max ($5,000 / $6,750)
    • Employee + Dependent(s) Deductible / Out-of-Pocket Max ($10,000 / $13,500)
  • Deductibles and Out-of-Pocket Maximums for Out-of-Network Providers (no change):
    • Employee Only Deductible / Out-of-Pocket Max ($10,000 / $15,000)
    • Employee + Dependent(s) Deductible / Out-of-Pocket Max ($20,000 / $30,000)
  • THCP will still contribute $1,000 to your HSA for all employees enrolled in Option #1 (PPO with HSA). Additionally, employees enrolled in Option #1 are still eligible for a $1,000 reimbursement from the Company upon reaching their deductible for the plan year.
  • Preventative Care is covered at 100% (free of charge) on all plans. For a full list of preventive services, please visit healthcare.gov.
  • Pharmacy benefits will continue to be administered by WellDyne. To learn more about your pharmacy benefits, please read the information provided in the section below entitled “Understanding Your Pharmacy Benefits.”
  • HSA Accounts will continue to be managed by Optum Bank.
  • Free virtual healthcare visits | [Learn More]
  • Care Advocacy Center | [Learn More]

Bi-Weekly Payroll Contributions for 2025
Paid every two weeks via automatic payroll deduction

After two years of no changes to our monthly premiums in 2023 and 2024, our overall insurance costs have increased by 25% for 2025. As such, employee contributions have increased by an average of 15% to help defray this additional expense to the Company.

Your Bi-Weekly Cost
     Employee Only $67.00
     Employee + Child(ren) $155.00
     Employee + Spouse $165.00
     Family $205.00

UNDERSTANDING YOUR HEALTH INSURANCE BENEFITS

The materials below provide information about your health insurance benefits on the Aetna network, administered by Marpai Health.

To learn more about Marpai Health, please read the information below:

Our insurance plan also includes these additional benefits, which may be used free of charge:

UNDERSTANDING YOUR PHARMACY BENEFITS

The materials below provide information about your pharmacy benefits administered by WellDyne.

DENTAL INSURANCE

The Company is pleased to continue offering Dental Insurance through Ameritas. Under the Ameritas plan design, we offer two different types of dental coverage – a “low” option (Plan 1 – PPO) and a “high” option (Plan 2 – PPO).  Because both plans are PPO options, you are able to use any dentist of your choosing, regardless of their network participation; however, using a provider in the Ameritas network allows you to receive dental care at discounted rates.  To find a participating dentist in your area, click here.

Bi-Weekly Payroll Contributions
Paid every two weeks via automatic payroll deduction

Low Plan Your Bi-Weekly Cost
     Employee Only $10.67
     Employee + 1 $20.95
     Employee + 2 or more $37.61
High Plan Your Bi-Weekly Cost
     Employee Only $15.78
     Employee + 1 $30.46
     Employee + 2 or more $51.62

 

BENEFIT ELECTION

ALL FULL-TIME EMPLOYEES MUST COMPLETE THE OPEN ENROLLMENT SURVEY BY CLICKING HERE OR ON THE ICON BELOW

  • Any employee who wishes to participate in the Company’s health insurance program for 2025 must enroll in either the PPO with HSA Plan or PPO with HRA Plan (restricted to employees age 65+) using this survey.
  • Any employee who intends to waive health insurance coverage for 2025 must do so using this survey.

YOUR RESPONSE IS REQUIRED ON OR BEFORE WEDNESDAY, DECEMBER 18, 2024. CLICK THE ICON BELOW TO CONTINUE.

For questions regarding your eligibility, enrollment status, or to learn more about all the benefits we offer, please contact Michelle Custer, Director of Human Resources.