Schneider Electric wants to support you in everything you do — that means looking beyond traditional benefits and into more areas of your daily living. You can allocate Benefit Bucks or transfer earned Rewards Cash from Personify Health (formerly Pulse Cash from Virgin Pulse) into a Life Planning Account to reimburse yourself for expenses in the following categories:
- Auto/home/renters’ insurance
- College coaching/prep, for example, ACT/SAT exam prep or tutoring
- Pet insurance
- Student loan repayments
- Sustainability products, such as energy-efficient appliances with an ENERGY STAR rating, solar panels and installation, hybrid and electric vehicles (EV), EV chargers and installation, specific Schneider Electric sustainable products as well as reimbursement for charging your EV through EV Connect (evconnect.com), smart thermostats, rechargeable batteries and rain barrels
- Health & fitness-related technology, fitness equipment and gym memberships, like fitness trackers, bike GPS, heart monitors and pedometers. Some examples of approved products include Apple watch, Fitbit, Oura Ring, treadmill, yoga mat, Planet Fitness membership and Orangetheory Fitness membership 1
- Well-being and expenses, such as registration fees for run/walk/bike/swim for a cause, and any apps/subscriptions that support well-being, such as training, nutrition, fitness, mental health and mindfulness apps. Some examples of approved apps include Headspace, Calm, Weight Watchers, Noom, BeachBody and Peloton monthly online subscription
You can fund your Life Planning Account in two ways:
- During Annual Enrollment or when you are newly hired, you can allocate up to $750 in Benefit Bucks to your Life Planning Account.
AND/OR - You can transfer your earned Rewards Cash (formerly Pulse Cash) in $20, $30, $50 and $100 amounts (with no limit) to your Life Planning Account at any time.
- Gaming systems, virtual reality glasses, apps/subscriptions with an entertainment focus (Audible, Netflix, etc.), apparel, recreational or leisure equipment (mountain bikes, kayaks etc.), and league fees are not eligible.
IMPORTANT INFORMATION
- You can request reimbursement for expenses up to the amount available in your Life Planning Account for the calendar year. You have until March 31 of the following year to request a reimbursement.
- Any unused amount in your Life Planning Account rolls over to the following year, helping you save year-over-year for larger expenses.
- You can purchase eligible products and services from the provider of your choice. NOTE: A specific list of sustainable Schneider Electric products that qualify for reimbursement is available on Rewards@Schneider.
- Your funds are taxed before they’re deposited in your account, so you don’t pay taxes when you’re reimbursed.
See how Janet, married with a high school-aged child, funds and uses her Life Planning Account.
See how Don, a mid-career single parent, funds and plans ahead for his Life Planning Account.