Maximize your 401(k) account.
As your finances change throughout the year, remember you can enroll or adjust your contributions in the Jabil 401(k) Retirement Plan at any time.
And Merrill offers a wealth of information for your financial well-being. The online education center has tools and resources to help you be financially healthy today and tomorrow.
Become a Jabil owner through the Employee Stock Purchase Plan (ESPP).
Share in the success of our global organization when you participate in Jabil’s ESPP. When you enroll, you can purchase Jabil stock (JBL on the NYSE) at a 15% discount through after-tax payroll deductions. Open enrollment occurs in June and December of each year, so watch for information about signing up.
Keep your beneficiary information up to date.
Many benefits — life insurance, 401(k) plans, HSA — require you to designate a beneficiary, that is, the person(s) who would receive your benefits if you die. Keep this information up to date, or your money may not be distributed in the way you’d like.
It’s a good idea to review your beneficiary(ies) from time to time, for example, when you:
- Experience a life event such as marriage, birth, divorce or death of a dependent
- Complete your benefits open enrollment
- Update your will or estate plan
- Roll over a 401(k), IRA or other account
Make life insurance updates through the Jabil Benefits Service Center. Submit beneficiary designations for the 401(k) Retirement Plan to Merrill and for the HSA on WEX.
Create a will.
Having an up-to-date, legal will is too important to put off. Remember, this document is a way to help ensure your finances and property are handled the way you want after your death. Jabil offers free legal referrals through Aetna Resources for Living (EAP).
Have an FSA? Be sure to use it or you‘ll lose it.
Use your Healthcare FSA or Limited Purpose Healthcare FSA to pay for eligible out-of-pocket medical, dental, vision and prescription drug expenses using your debit card within the calendar year (you can’t use your debit card for expenses incurred in a prior calendar year). But make sure your expenses are eligible and substantiated by WEX — otherwise they’ll be considered taxable in the following year.
Use your Dependent Care FSA to pay for eligible dependent care expenses (NOT healthcare-related expenses), such as daycare, after-school programs for children up to age 13, and elder care.
And be sure to use your FSA money by December 31 — you lose any money left at the end of the year. File your claims by March 31 of the next plan year.
Maximize your HSA (Healthy Plus participants).
If you’re enrolled in Healthy Plus, your Health Savings Accounts (HSA) gives you triple tax advantages on dollars you contribute — and on Jabil’s contributions. Here’s how to maximize your HSA:
- Contribute as much as you can without going over the annual IRS limits. When your balance reaches $1,000 you can invest it in certain mutual funds through Healthcare Bank.
- Remember, Jabil contributions and wellness incentives you (and/or your enrolled spouse) earn count toward the annual IRS limits.
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If you want to receive Jabil’s contribution to the HSA, don’t waive coverage: when you enroll, set your contribution amount, even if it’s $0. If you waive the HSA, you won’t receive Jabil’s contribution – including any wellness incentives. If you open your HSA after January 1, the Jabil contribution will be prorated based on the date you enroll in and set your HSA contribution amount.
Each year you continue enrollment in Healthy Plus with HSA, you must set your contribution amount again during annual enrollment – even if it’s $0 – to keep receiving the Jabil contribution.
Once your account is verified, you can stop or change your current contributions at any time by contacting the Jabil Benefits Service Center.
Have FSA, HSA or commuter benefits? Save time with the mobile app.
The WEX mobile appWEX mobile appWEX mobile app gives you easy access to your account at any time so you can:
- File a claim and upload documentation using your phone’s camera
- Check your balance and view account activity
- Get instant notifications on the status of your claims
- And more
Healthy Premier participants: Manage your HRA.
The Health Reimbursement Account (HRA) pays for your first dollars spent on eligible medical and prescription drug expenses and applies toward your annual deductible. HRA money at year-end rolls over if you stay in Healthy Premier. Your HRA is managed by Aetna.
Know the cost saving features of Jabil’s medical plan.
Taking advantage of the cost savings features of Jabil’s medical plan can help you save money.
- Stay in-network: When you use Aetna in-network providers and facilities, you pay less out of pocket than for out-of-network care. Call the Concierge Services Team at 833.361.0224 for help finding an in-network provider who fits your needs. You can also search for providers online.
- Use generics: Ask your doctor to prescribe generics instead of brand name drugs when possible. And take advantage of the programs Aetna has in place to keep costs down, such as Step Therapy and Prior Authorization.
- Prepare for care that needs pre-approval: Aetna requires you get pre-approval/precertification for certain medical procedures and prescription drugs, including many specialty drugs. Be sure to talk with your doctor before you receive care and then contact Aetna.
Check for billing errors.
Mistakes happen, so review your medical bills and Explanation of Benefits (EOB) forms carefully. If you find an error, contact your medical plan administrator. You can also contact Health Advocate for help understanding your bills, negotiating a balance, making a payment plan and knowing your rights to appeal a denied claim.
Get instant savings on healthy-living products and services.
Through the Aetna Discount Program, save on gym memberships, weight-loss programs, vision services, hearing aids and more — with any medical plan. These built-in discounts aren’t insurance. And there are no claims, referrals or limits on use. Log in to the Aetna website to start saving.
