BNY Mellon Benefits Guide
Legal Notices
These notices are being provided to you in conjunction with your and your beneficiaries' or dependents', participation in the BNY Mellon Health and Welfare Plan (the "Plan") in 2019. The following notices (and related information) are intended to be, and are, interpreted consistent with and not as an expansion of the applicable referenced law:
- 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 and special enrollments. This SBC will help you better understand your coverage by summarizing the key features of the health plans under the Plan 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 mybenefits.bnymellon.com/ > Knowledge Center > Plan Information. You may request a free paper copy by calling the BNY Mellon Benefit Solutions Service Center at 1-800-947-4748, option 2, Monday through Friday between 8:30 a.m. and 8:00 p.m. Eastern Time.
- Value of Health Benefits—The value of your health benefits received in the immediately preceding year will be reported in Box 12 on your 2019 W-2 statement. This reporting requirement is for informational purposes only and will not affect your taxable income. The value of health benefits reported in Box 12 on the W-2 statement you receive in January 2019 should not be included in your taxable income when you file your taxes. You will also not be subject to pay any FICA taxes on this amount.
- General Questions—If you would like more information about these notices or the underlying Plan, please refer to the summary plan description or call the BNY Mellon Benefit Solutions Service Center at 1-800-947-4748, option 2, Monday through Friday, 8:30 a.m. to 8:00 p.m. Eastern Time.