Team members and their eligible dependents may choose to participate in some, all, or none of the following healthcare insurance plans. Team members and their dependents must all be enrolled in the same plan within each category (meaning health, dental, and vision), although the specific group of covered individuals may vary by plan (for example, the whole family can enroll in health and dental, and only the team member enrolls in vision) however the team member themself must be enrolled in the line of coverage if dependents are to be included as well (meaning, that you can’t enroll just your kids in the dental plan for example). The waiting period is first-of-the-month following your start date. In the event of separation from the company, your benefits will be continued through the end of the month in which the separation date occurred.
Note: Our initial benefits plan with Justworks will run from July 1, 2024 through October 31, 2024. We will have another open enrollment period in October for the full plan year of November 1, 2024 - October 31, 2025.
As part of the Affordable Care Act (ACA), the Summary of Benefits and Coverage (SBC) Rule requires all health insurers and group health plans to provide individuals with a uniform summary of their benefits and coverage.
Uniform Summary of Benefits and Coverage (SBC)
Populus offers two PPO dental plans and one vision plan carried by Aetna via Justworks. With these plans, the company subsidizes 90% of the premiums for enrolled team members, and 25% of the premium for enrolled dependents. The share of monthly dental and vision care premiums paid for by the team member will be deducted from payroll on a pre-tax basis in two equal installments (corresponding to our semi-monthly payroll schedule).
PPO1: Aetna Dental PPO/PDN with PPO II Network
PPO3: Aetna Dental PPO/PDN with PPO II Network
Team members enrolled in a qualifying High-Deductible Healthcare Plan (HDHP) are eligible to set aside pre-tax dollars in a Health Savings Account (HSA) to be spent on healthcare expenses, subject to IRS rules. For 2024, the maximum allowable HSA contributions are $4,150/yr for individuals and $8,300/yr for family coverage. The Contribution Year (for purposes of these limits) runs from August to July like our main benefit plans, and your contribution levels can be modified throughout the year. Contributions to an HSA roll-over with no limit from year-to-year and never expire. Dollars allocated towards an HSA are deducted from payroll on a pre-tax basis and account management is administered by Justworks. Unused contributions rollover at the end of year without limit. Populus does not match or contribute to team members’ HSA accounts.