Welcome to Benefits Open Enrollment. You have the opportunity to enroll from Oct. 28 through Nov. 15.
Your physical, mental, emotional, financial and social needs are important. We’re making changes to ensure the firm supports your health care needs while offsetting rising costs. And we’ll continue working to better serve your needs.
Please invest the time you need to learn about your options so you can choose what’s best for you and your family.
We’re providing you an opportunity to enroll in new voluntary benefits from MetLife. These accident, critical illness and hospital indemnity benefits are in addition to your existing medical coverage (whether through Edward Jones or another plan) and are designed to help pay for expenses that aren't covered by your medical plan. They pay a cash benefit for covered occurrences that you can use for things like deductibles, out-of-pocket costs and additional daily living expenses. Enroll in these benefits directly through MetLife starting Oct. 28.
If you or a family member are nearing Medicare eligibility, you also may want to explore how Medicare works with your Edward Jones benefits by talking with a representative from SmartConnect at 833-460-4726. Representatives are available weekdays from 7:30 a.m. to 5 p.m. CT. SmartConnect also is offering a series of webinars at noon CT Oct. 7 through 11. Learn more and register here.
In 2025, coverage tiers for dental insurance will be consistent with our medical coverage tiers. You’ll choose from associate only, associate + child(ren), associate + spouse/domestic partner and associate + family. This will result in minor rate changes for some participants. The average associate increase for dental is 5.8%1.
We will also align vision coverage tiers with the medical and dental tiers. We’ve added coverage for blue light glasses, non-prescription sunglasses and computer vision care. Review the details on the Vision plan page. The average associate increase for vision is 27.1%1.
1 Increases in rates for dental and vision coverage are due, in part, to benefit enhancements. Rates for both plans are still lower than they were in 2020.
A health savings account provides tax savings and helps you save for medical expenses. The IRS has increased the limit for your Health Savings Account (HSA) contributions to $4,300 (associate only) and $8,550 (all other tiers). You can add $1,000 more if you’ll be 55 or older in 2025. The firm will continue its annual contribution of $500 (associate only) and $1,000 (all other tiers), divided into two contributions in February and August2. You will still be able to receive an advance on any funding you plan to contribute through payroll deduction to help pay for eligible expenses.
2 Principals and financial advisors are not eligible for firm contributions. State insurance regulations do not permit Hawaii residents to participate in HSAs.
You can earn medical plan premium discounts of up to $800 (associate only) or $1,600 (all other tiers) when you complete health and well-being activities3.
The deadline is approaching! Complete your well-being activities by Dec. 6 to earn the discount on your 2025 premiums.
3 Well-being discounts are available to all associates enrolled in an Edward Jones medical plan outside the state of Hawaii.
On January 1, 2025, Virgin Pulse is changing its name to Personify Health, and SurgeryPlus is changing its name to Lantern. You may see both names during their transitions.
Still wondering whether you’re choosing the right medical plan? Here’s a reminder of how the plans work and how they compare. For more information, visit the Medical and Prescription Drug page.
In-network preventive care
Plan pays
100%
Non-preventive medical and Rx
You pay
100%
Plan pays 80%
You pay 20%
Meet OOP maximum
Plan pays
100%
| Silver: Individual/Family |
Gold: Individual/Family |
|
|---|---|---|
| In-network deductible | $4,000/$8,000 | $2,000/$4,000 |
| In-network out-of-pocket maximum | $6,000/$12,000 | $4,000/$8,000 |
| Out -of-network deductible | $6,000/$12,000 | $4,000/$8,000 |
| Out-of-network out-of-pocket maximum | $8,000/$16,000 | $7,000/$14,000 |
| Preventive care (no deductible) | Plan pays 100% | Plan pays 100% |
| Other covered care and prescriptions (before deductible) | You pay 100% | You pay 100% |
| Other covered care and prescriptions (after deductible, before OOP max) | Coinsurance: Plan pays 80%/You pay 20% |
Coinsurance: Plan pays 80%/You pay 20% |
| Other covered care and prescriptions (after OOP max) | Plan pays 100% | Plan pays 100% |