Benefits Connect

As an extension of Mayo Clinic Human Resources, Benefits Connect brings together benefits experts, plan members, and those who are curious about benefits to share their experiences and knowledge. Each new post is designed to go beyond simple resource information to practical advice on the best strategy to get the most out of the industry-leading benefits at Mayo Clinic. Join the conversation by commenting on posts and replying to comments.

PUBLIC PAGE
Oct 19, 2017

Delta Dental members should plan to use their benefit before Dec. 31st

By Robert McGriff @m039153
Each year, Mayo Clinic employees who are enrolled in Delta Dental plans leave behind unused dollars. The maximum annual benefit in Delta Dental Standard option is $1,000 per person.  If you don't use all of the benefit, it doesn't rollover to the new year.  Unused amounts simply vanish and the new annual [...]
Delta Dental members should plan to use their benefit before Dec. 31st
Oct 13, 2017

How should I respond to the recent Equifax Data Breach?

By Robert McGriff @m039153
This week I got a chance to sit down with Virginia Olson from the Benefits Education Team to talk about the recent Equifax data breach. Check out what she had to say and add your comments to the conversation below. RM: Virginia, can you tell me about your personal interest [...]
How should I respond to the recent Equifax Data Breach?
Oct 9, 2017

Benefits (and Cautions) of Flexible Spending Accounts

By Robert McGriff @m039153
  Flexible Spending Accounts (FSAs) have been around since the 1970s. As employers started to pass some of the cost of providing health coverage to the plan participants (employees and family members), Congress offered FSAs as a method to pay for out of pocket medical costs with pre-tax dollars.  In [...]
Benefits (and Cautions) of Flexible Spending Accounts
Oct 4, 2017

It's just an eye exam, right?

By Robert McGriff @m039153
The type of eye exam you have and the services provided during the exam can make a big difference in how the charges are covered by the benefit plans at Mayo Clinic. A medical eye exam is generally covered by the Mayo Medical Plan.  A routine eye exam could be [...]
It's just an eye exam, right?
Oct 2, 2017

Financial Engines offering in-person, individual retirement planning sessions Oct. 16

By Robert McGriff @m039153
Earlier this year, Fidelity Investments announced that they would no longer be able to offer individual retirement planning session on our campuses.  Fortunately, Financial Engines has offered to step into that space.  On October 16th, Financial Engines will visit our campuses in Arizona, Florida and Rochester to present "Three Tips to [...]
Financial Engines offering in-person, individual retirement planning sessions Oct. 16
Sep 29, 2017

2018 Open Enrollment Guide

By Robert McGriff @m039153
The 2018 Open Enrollment guide is now available!  Please click on the image above to open the document.  On the front cover, you can click on "Print OE Summary" to print a short version of the guide or you can just review the guide electronically and avoid printing altogether. Reminder:  [...]
2018 Open Enrollment Guide
Sep 27, 2017

What will the Medica transition mean to me?

By Robert McGriff @m039153
On August 17th, Mayo Clinic announced a new business arrangement with Medica, a Minnesota-based health services company.  The arrangement is part of an overall strategy to help improve access to Mayo Clinic for patients with serious and complex medical conditions.  As part of this arrangement, Medica will acquire MMSI, which [...]
What will the Medica transition mean to me?
Sep 25, 2017

What is a formulary? And, why should I care?

By Robert McGriff @m039153
for-mu-lar-y   (/ˈfôrmyəˌlerē/) A list of prescription drugs covered by a prescription drug plan or other insurance plan offering prescription drug benefits.  Also called a drug list.   (https://www.healthcare.gov/glossary/formulary/) When we talk about coverage in the Mayo Medical Plan (the Plan), we are talking specifically about the Mayo Clinic Pharmaceutical Formulary (the [...]
What is a formulary?  And, why should I care?
Sep 22, 2017

Learn about Benefits Open Enrollment in 3 minutes

By Robert McGriff @m039153
If you have 3 minutes to spare, you can learn about the changes coming during Open Enrollment for 2018 benefits. Open Enrollment Video Still have questions?  Post a question or comment in the comment box below or contact HR Connect at 1-888-266-0440.    
Learn about Benefits Open Enrollment in 3 minutes
Sep 20, 2017

“But I Paid My Copay!”

By Robert McGriff @m039153
It seems simple enough but the copay is actually an often misunderstood part of the medical plan. Most covered items in the Mayo Medical Plan are paid following a pretty simple model. First, you are responsible for your annual deductible.  Once that has been met, the plan begins to share [...]
“But I Paid My Copay!”
Sep 18, 2017

Are you taking advantage of the Preventive Care Services schedule?

By Robert McGriff @m039153
Early detection is very often the key to disease treatment and management.  The Preventive Care Services schedule in the Mayo Medical Plan was designed to encourage everyone to seek appropriate preventive care.  The items on the schedule, at the age and frequency listed, are covered 100% at an in-network provider.  That [...]
Are you taking advantage of the Preventive Care Services schedule?
Sep 14, 2017

Is the news coverage of Harvey and Irma getting you down?

By Robert McGriff @m039153
Emotional distress can be contagious.  As you watch the news of family,  friends and co-workers facing incredible hardship from natural disasters, it is not uncommon to experience a variety of emotions that can be overwhelming at times.  VITAL WorkLife provides Employee Assistance Program (EAP) services to Mayo Clinic employees in Arizona, Florida and the [...]
Is the news coverage of Harvey and Irma getting you down?
Sep 4, 2017

Open Enrollment Communication "Goes Green" in 2017

By Robert McGriff @m039153
Open Enrollment communication will “Go Green” this fall, replacing the printed benefits guide that is provided to benefits-eligible employees each year with an online version.   David Schuitema, Chair of Total Rewards, emphasizes that while the method of delivery is changing, information on Open Enrollment is expanding. “Our goal is [...]
Open Enrollment Communication
Aug 28, 2017

Are you getting a 4% interest rate on savings?

By Robert McGriff @m039153
Did you know Mayo offers a benefit plan that includes a guaranteed 4% interest rate on your money? This is no secret benefit, yet many people don’t know the advantages to contributing to their Cash Accumulation Fund. When you elect Voluntary Group Universal Life Insurance, Prudential automatically sets up a Cash [...]
Are you getting a 4% interest rate on savings?
Aug 21, 2017

Understanding Short Term Disability (STD) benefits for Allied Health Staff

By Robert McGriff @m039153
Understanding your short term disability (STD) benefits can be complex and seem difficult, especially since the reason you are using STD is due to a personal illness or injury, which is stressful enough. Being familiar with the basics may put your mind at ease, so that if you do need [...]