2024 RYAN SPECIALTY BENEFITS
Your FSA & HSA Contributions
You must re-enroll and choose your annual contribution for your HSA or FSAs during Open Enrollment. The IRS requires you to elect new contributions for your FSA and HSA accounts every year. Review your expenses from the last year and evaluate how much you will need for 2024. Use the Alight system to specify your new contributions.
In 2024:
- Employees enrolled in an HSA can contribute up to $4,150 for single coverage and $8,300 for family coverage.
- Employees can contribute up to $3,200 to a Healthcare FSA.
Plan Changes
In 2024, your medical plan costs will slightly change for the Gold PPO, Silver PPO, and HDHP plans. You won’t see any rate changes for dental or vision plans.
See below for a breakdown of 2024 benefit rates.
| 2024 Benefit Plan Rates | |||
|---|---|---|---|
| Plan | Tier | Monthly Rate | Monthly Change |
| MEDICAL | |||
| HDHP | Employee Only | $93.35 | $2.28 |
| Employee + Spouse | $323.55 | $7.90 | |
| Employee + Child(ren) | $220.35 | $5.38 | |
| Employee + Family | $464.68 | $11.34 | |
| SILVER PPO | Employee Only | $143.52 | $3.50 |
| Employee + Spouse | $453.25 | $11.05 | |
| Employee + Child(ren) | $317.63 | $7.74 | |
| Employee + Family | $650.96 | $15.87 | |
| GOLD PPO | Employee Only | $227.49 | $10.84 |
| Employee + Spouse | $668.61 | $31.84 | |
| Employee + Child(ren) | $483.25 | $23.01 | |
| Employee + Family | $960.26 | $45.73 | |
| DENTAL | |||
| DENTAL PPO | Employee Only | $10.69 | No Change in Premium |
| Employee + Spouse | $21.95 | ||
| Employee + Child(ren) | $25.73 | ||
| Employee + Family | $36.99 | ||
| VISION | |||
| VISION PPO | Employee Only | $8.93 | No Change in Premium |
| Employee + Spouse | $14.28 | ||
| Employee + Child(ren) | $14.58 | ||
| Employee + Family | $23.52 | ||
New Benefits for 2024!
FSAs and HSAs get a new plan administrator.
Flexible Spending Accounts and Health Savings Accounts will now be administered by HSA Bank! An account with HSA Bank will automatically be opened for you and you’ll receive a new debit card.
Mental Health Support
We are pleased to share that Ryan Specialty is offering a new emotional and mental health support tool through Lyra Health! Lyra provides the ability to meet with mental health coaches or therapists via live video, live messaging, phone, or in person care. To learn more about this program, see the benefits guide.
Medicare Education Assistance
We know becoming Medicare eligible can be sometimes daunting that’s why Ryan Specialty is partnering with Allsup to offer voluntary Medicare education and plan selection assistance for Medicare eligible employees. Allsup will provide expert, unbiased guidance on identifying the best alternate health plans available in Medicare, Medicaid, or on the Marketplace.
ID Theft is now a stand-alone benefit.
Employee contributions for the MetLife Legal Plan are decreasing! Additionally, starting in 2024, ID Theft for Ryan Specialty will be offered through Norton LifeLock as a stand-alone benefit.
Benefits Eligibility
On your date of hire, you are eligible to participate in Ryan Specialty’s benefit plans if you are a regular full-time employee and work at least 30 hours per week. You may enroll your eligible dependents for coverage. Your eligible dependents include:
- Your spouse or domestic partner.
- Your dependent child up to age 26 for medical, dental, and vision coverage, regardless of marital or student status. Upon turning 26, dependent children are allowed to stay on the medical, dental, and vision plans for the remainder of the plan year.
- Your dependent child who is incapable of self-support due to a mental or physical disability.
