To help you think about how your life change will affect you, review the following list.
Note: The following applies to regular full-time or regular part-time employees scheduled to work an average of at least 20 hours a week.
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What coverage is right for you? Choosing benefits coverage is an important decision, so take advantage of our decision-making tools and resources. |
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Are you planning to enroll dependents? If so, familiarize yourself with our dependent eligibility guidelines. |
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What health care coverage best meets your needs? Review our plans to see which coverage best suits your needs. |
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Would you like to save on health care and/or dependent daycare expenses? If so, consider contributing to the Health Care Flexible Spending Account (HCFSA) and/or the Dependent Day Care Flexible Spending Account (DCFSA).
If you enroll in the HDHP option, you also have the option to enroll in a Health Savings Account (HSA) for tax-free health care savings. |
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Do you want extra financial protection in addition to basic life insurance coverage? If so, you may want to consider supplemental life insurance options and Accidental Death & Dismemberment (AD&D) insurance. |
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Do you want help building your financial security? Learn about the Phillips 66 Cash Balance Account (our pension plan) and the Phillips 66 Savings Plan. |
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Are you interested in income protection? While Phillips 66 provides company-paid Short-Term Disability (STD) coverage, you may want to consider purchasing Long-Term Disability (LTD) coverage. |
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Will you need to update your beneficiary designation? Although you may not see a need right now, it’s still a good idea to designate a beneficiary for your life, AD&D, pension, savings benefits and HSA. |
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Did you receive any Restricted Stock Unit awards? You may have been given a restricted stock unit grant upon joining Phillips 66. You will need to set up a Merrill Lynch account to track this award. |
- Log on to Merrill Lynch for instructions. You will receive additional information during your first month of employment.
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Do your financial goals need adjusting due to recent changes? |
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Are you feeling anxious about this life change? |
- Daylight is a digital medicine app for managing anxiety available to active employees and dependents age 18+ enrolled in the HDHP or PPO medical plan.
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