BNY Mellon Benefits Guide
Legal Notices
Federal laws covering medical, dental and/or vision coverage change often. To help keep you informed about changes that could affect you, we have provided a brief description of some recent changes below:
  • Additional Preventive Health In-Network Services Covered at 100 Percent — Effective January 1, 2016, the following additional preventive health services are covered in full by group health plans:
    • More FDA-approved contraception options
    • Preventive services related to pregnancy for dependent children
    • Gender-based preventive services for transgender individuals
    • Aspirin coverage for women of childbearing age who are at an increased risk of preeclampsia
    • Anesthesia performed in connection with a preventive colonoscopy
    • Genetic counseling and BRCA genetic testing for women who have had a non-BRCA-related breast or ovarian cancer
The following notices are intended to be, and are, interpreted consistent with and not as an expansion of the applicable referenced law:
  • Mental Health Parity and Addiction Equity Act — This law requires that annual or lifetime dollar limits on mental health benefits be at least as generous as any comparable dollar limits for medical and surgical benefits offered by a group health plan.
  • Summary of Benefits and Coverage — Group health plans are required to provide participants and beneficiaries with uniform summaries of benefits and coverage (SBCs) during annual enrollments. This SBC will help you better understand your coverage by summarizing the key features of BNY Mellon's health care plans such as the covered benefits, cost-sharing provisions, coverage limitations and exceptions.
You can access the SBC through the MyBenefit Solutions website accessible via MyReward or at http://mybenefits.bnymellon.com/> Knowledge Center > Plan Information. You may request a free paper copy by calling the BNY Mellon Benefit Solutions Service Center at 1-800-947-HR4U (4748), option 2, Monday through Friday between 8:30 a.m. and 8 p.m. Eastern Time.
  • Value of Health Care Benefits — The value of your health care benefits received in the immediately preceding year will be reported on your 2016 W-2 statement. This reporting requirement will not affect your taxable income. The value of health insurance benefits reported on the W-2 statement you receive in January 2016 should not be included in your taxable income when you file your taxes. You will also not have to pay any FICA taxes on this amount.