Sam plans his Benefit Bucks to include a Life Planning Account.
Sam, married with a new dog, Rascal
“I can put Benefit Bucks into my Life Planning Account? That’s great — Rascal is a handful! I’m going to take advantage of the reimbursements for pet insurance.”
How Sam uses his Benefit Bucks during 2023 Annual Enrollment
With his semi-monthly pay, his $500 in Benefit Bucks means he gets $20.84* per pay period to apply toward eligible benefits..
| Sam’s decisions | Annual amount paid by Benefit Bucks | Per pay period amount paid by Benefit Bucks |
|---|---|---|
| Sam and his wife get vision coverage through Schneider Electric and pay nothing out of pocket for the Employee + Spouse coverage because of Benefit Bucks. | $158.88 | $6.62 |
| He was paying out of his pocket for LTD Buy-up, but now Benefit Bucks pays for that. | $52.32 | $2.18 |
| Lucky for Sam he still has unspent Benefit Bucks. He elects to contribute them to his Life Planning Account (after taxes) so he can get reimbursed for pet insurance for Rascal. | $288.96 | $12.04 |
| Total Benefit Bucks | $500.00 | $20.84 |
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