This content is password protected. To view it please enter your password below:

Benefits Enrollment Resources

Benefits Information for HR & People Leaders

Open Enrollment Period:
May 6–17, 2024

Benefits Plan Year:
July 1, 2024 - June 30, 2025

Prepare for the New Benefits Plan Year

What Team Members Can Do

Open enrollment for the 2024-2025 benefits plan year is May 6–17, 2024. During this annual open enrollment period, Team Members are encouraged to review their benefit options, coverage information, and rate changes taking effect with the new plan year starting July 1, 2024.

Team Members don’t have to do anything to keep their current coverage. However, they MUST complete enrollment to:

  • Change their current benefit elections
  • Add or remove covered dependents

(blank)

If you do not take action during the annual open enrollment period, your current benefit elections will continue at the new 2024-2024 rates for the 2024-2025 plan year, which begins on July 1, 2024 and ends on June 30, 2025.

You can only change your benefit elections outside the annual open enrollment period if you experience a qualifying life event. For more information about qualifying life events, please visit this link: Change in Status.

What Happens If Team Members Don't Take Action

If Team Members do not take action during the annual open enrollment period, their current benefit elections will continue at the new 2024-2025 rates for the 2024–2025 plan year.

Team Members can only change their benefit elections outside the annual open enrollment period if they experience a qualifying life event. For more information about Qualifying Life Event, please visit this link: Change in Status.

FSA & HSA Elections

Team Members will have the opportunity to make Flexible Spending Account (FSA) and/or Health Savings Account (HSA) elections in October 2024 for the 2025 calendar year. Outlined below are scenarios that might apply to Team Members.

Are you using a device with a small screen?

Tap or click the content below and scroll to access all the information.

ScenarioFlexible Spending Account (FSA)HRA (part of Kaiser medical plan)Health Savings Account (HSA)
Enrolled in the PPO Plan and switch to the HDHP Choice HSA 7/1/2024Required to move from full FSA to Limited Purpose FSA if previously enrolled in full FSA (can't have HSA and full FSA).Cannot enroll.Can start contributing to HSA.
Enrolled in HDHP Choice HSA and switch to the PPO medical Plan 7/1/2024If enrolled in Limited Purpose FSA, have the option to switch to the full FSA but not required.Cannot enroll.Required to stop contributing to HSA.
Enrolled in PPO Plan and stay in this plan 7/1/2024If enrolled in Full FSA, will not be able to make changes to this plan until October 2024 for a 1/1/2025 effective date. If enrolled in Limited Purpose FSA already, will need to keep current election. They can then make changes to this plan in October 2024 for a 1/1/2025 effective date.Cannot enroll.Cannot enroll.
Enrolled in HDHP Choice HSA and stay in this plan 7/1/2024Can keep current Limited Purpose FSA, will not be able to make changes to this plan until October 2024 for 1/1/2025 effective date.Cannot enroll.Can change election amount anytime throughout the year. ER HSA contribution should continue as long as they are enrolled in Choice HSA Medical.
Enrolled in Kaiser and keep Kaiser medical plan 7/1/2024Enrolled in FSA plan, keep current enrollment. Will need to wait until October 2024 to elect for 1/1/2025. If not currently enrolled in FSA, they will need to wait until October 2024 to elect for 1/1/2025.HRA election will continue.Cannot enroll.
Enrolled in Kaiser HRA medical and moves to PPO Plan 7/1/2024Enrolled in FSA plan, keep current enrollment. Will need to wait until October 2024 to elect for 1/1/2025. If not currently enrolled in FSA, they will need to wait until October 2024 to elect it for 1/1/2025.HRA election will stop.Cannot enroll.
Enrolled in Kaiser HRA medical and moves to HDHP Choice HSA 7/1/2024Required to move from full FSA to Limited Purpose FSA if previously enrolled in full FSA (can't have HSA and full FSA).HRA election will stop.May start contributing to HSA.

Home Mailer Announcement

(blank)

What's New for 2024-2025

Slight Cost Increases

  • Health care costs continue to rise. We’re committed to providing you with high-quality services with a range of medical plans to fit your needs. This year, you’ll see changes to deductibles, out-of-pocket maximums, coinsurance, and copays for the BCBSTX Enhanced PPO and Choice HSA plan. You’ll also see varying increases to premiums on all medical plans. We continue to share the cost of health care for you and your family, with Michaels absorbing approximately 75-80% of the cost of coverage.
  • Wellness and tobacco surcharges will increase from $25 per paycheck to $30 per paycheck. Make sure Team Members and their covered spouse/domestic partner complete a preventive wellness exam between July 1, 2023, and June 30, 2024. They’ll avoid a $30 per paycheck surcharge per person on their medical premiums. If they are enrolled in a Michaels BCBSTX plan, they also have the option to use VirtualCheckup through Catapult Health.
  • Team Members can use the eValuate tool to choose the medical plan that makes the most sense for them and their families. The more Team Members know about the available choices, plans, and features, the easier it is to select and use their benefits wisely.

Prescription Drugs

New! For no additional cost, eligible Team Members can take advantage of the Specialty Drug Split-Fill program to try a partial quantity of a newly prescribed specialty drug before the full month’s supply is filled.

Hospital Indemnity

New! Eligible Team Members have the option to enroll in Voluntary Hospital Indemnity coverage that pays a direct cash benefit in the event of a hospital stay.

Pet Insurance

New! Eligible Team Members can enroll in Wishbone pet insurance. Premiums can be paid with a credit card.

Wellness & Tobacco Surcharges

Team Members can avoid surcharges and higher premiums for medical coverage by fulfilling the wellness exam requirement and qualifying as tobacco-free.

  • The wellness surcharge is $30 per person, per paycheck. To avoid this surcharge for 2024–2025 plan year, Team Members (and, if covered, their spouse/domestic partner) will want to make sure they complete an annual physical exam between July 1, 2023 and June 30, 2024. Team Members enrolled in a BCBSTX medical plan also have the option to complete their wellness exam requirement by using the VirtualHealth Checkup through Catapult Health, and there is no charge for this service.
  • The tobacco surcharge is $30 per person, per paycheck. To avoid this surcharge for the 2024–2025 plan year, Team Members (and, if covered, their spouse/domestic partner) must be tobacco-free for at least six months leading up to the date they enroll in benefits. Tobacco cessation programs are available to team members free of charge through any Michaels medical plan.

For more detailed information and instructions on how to ensure these surcharges don’t apply to them, Team Members can visit this link: Wellness Programs & Surcharges.

Open Enrollment Meetings & Webinars

All scheduled webinars and live meetings have passed.

Were you unable to attend a scheduled webinar or live meeting? Watch the recorded version below. Want to review the presentation document? Download the digital version below.

Unable to attend a scheduled webinar or live meeting? Watch the recorded version below. Want to review the presentation document? Download the digital version below.

Team Member Communications

For your reference, digital copies will be posted below of all communications sent to benefits-eligible Team Members regarding open enrollment for the 2024–2025 plan year.

  • Enrollment Emails: May 6 | May 10 | May 16 | May 17
  • Wellness Reminder Emails: March 21 | April 19 | May 20 | June 12
  • Leave of Absence (LOA) Letter: April 26
  • Table Tent for Store Display: April 19

Begin Enrollment

Log in to Workday

Open the Demo Video

Frequently Asked Questions (FAQs)

FAQs regarding open enrollment can be accessed below, available in English and Spanish.

Workday Job Aids

Know Where to Go for Answers

Call Team Member Services at 855-432-MIKE (6453), option 2, or submit a ticket through Knowledge Zone.

Choose Wisely — No Changes After Enrolling!

Changes to your benefit elections are only allowed outside of the open enrollment period if you have a qualifying life event, such as a birth, adoption, marriage, or divorce. Changes in status must be made within 30 days of the qualifying life event. For more information, follow this link: Change in Status.

Website Change Request

Home 5 Category: Internal

Request Changes to MIKBenefits

  • Contact Information
  • Your Request
Michaels Benefits Change Request Form

Contact Information

Add new requestor?

Select Your Name & Email

Add Your Information


Clear Form

Manager Information

Important Benefits Information for People Leaders
Home 5 Category: Internal

Benefits Posters

Benefits at a Glance

US Full-Time

Salaried: English | Spanish

Full-Time Hourly: English | Spanish

US Part-Time

Stores & Distribution Centers: English | Spanish

Support Center: English | Spanish

Canada Store Managers & Assistant Managers

English | French

Canada Hourly

Canada Artistree

Benefits News

US

Canada

Open Enrollment

Important benefits information for HR and people leaders

Benefits Enrollment Is Closed

Benefits effective July 1, 2023 to June 30, 2024

blank

Make sure to Compare the Plans so you can choose the right coverage for you and your family. If you don’t enroll, you will not have coverage.

What's New for 2023–2024

  • Medical plan administration moving from Aetna to Blue Cross and Blue Shield of Texas (BCBSTX). For the Basic PPO, Enhanced PPO and Choice HSA plans, BCBSTX will take over administration as of July 1, 2023. Most of the current providers our Team Members are using will be in the BCBSTX network, but there could be some instances where that isn’t the case.
  • Prime Therapeutics replaces OptumRx as our pharmacy benefit manager. Anyone currently using home delivery for medications taken regularly will need to get a new prescription. Team Members will be able to receive one 30-day fill at a retail pharmacy before the mail order requirement applies.
  • Some fertility treatments will be covered by Michaels BCBSTX medical plans. Based on the diagnosis, our plans will now cover one cycle of fertility treatment and medications.
  • MDLive will replace Teladoc for 24/7 virtual health care services for Team Members enrolled in a BCBSTX medical plan. Look for more information soon about BCBSTX clinical programs and resources for support.
  • The premium surcharge for spouses/domestic partners with coverage available elsewhere will be eliminated. We will no longer charge Team Members extra for covering a spouse or domestic partner if that individual has coverage available from another employer’s plan. NOTE: Team Members covering a working spouse/domestic partner will still have to enroll in the Enhanced PPO.
  • Kaiser Telehealth replaces Teladoc. Team Members enrolled in a Kaiser medical plan (for California Team Members only) can access virtual care through kp.org/getcare.
  • Plan year change for FSA and HSA contributions. We are adjusting the plan year for Flexible Spending Account (FSA) contributions and Health Savings Account (HSA) contributions for Team Members enrolled in the Choice HSA Plan. IRS contribution limits for both plans are calendar/tax year limits, so we are changing our plans to have calendar year elections. During the May enrollment period, Team Members will make FSA and HSA elections covering the last six months of the year (July 1 to December 31, 2023). We will conduct another enrollment later in the year for just these two plans that will cover the 12-month period January 1 to December 31, 2024. Going forward, we will conduct a separate FSA/HSA enrollment for the upcoming calendar year.
  • The reporting period for qualified life event benefit changes is now 30 days. The amount of time Team Members have to report a qualified life event change (birth, marriage, divorce, etc.) is changing from 60 days to 30 days.

What Team Members Need to Do

We encourage Team Members to review your options and the changes taking effect July 1. They don’t have to enroll to keep their current coverage, but there are some exceptions. They must log in to Workday and actively enroll to:

  • Change current benefit elections
  • Add or drop covered dependents
  • Enroll in or continue participating in a Health Care or Dependent Care Flexible Spending Account (FSA) (the IRS requires a new election each year)
  • Begin saving or change Health Savings Account (HSA) contributions (the HSA is only available with the Choice HSA medical plan)

If Team Members take no action, their current benefit elections will continue at the new 2023–2024 rates, except for FSA and HSA participation. With the exception of FSAs and the HSA, our benefit plans will still have a July 1 to June 30 plan year.

REMEMBER!

Annual enrollment is Team Members’ opportunity to add new coverage or change their existing plans. Some of their current elections will carry over to the new plan year if they take no action, but we recommend they review their options, get to know what’s new and use their resources for learning more about the programs available to them.

They will only be able to change elections after May 17 if they have a qualified change in status such as a marriage or a new baby. 

Medical Premium Surcharges for Wellness and Tobacco

There are two ways Team Members can avoid paying more for medical coverage premiums for the upcoming plan year.

Complete the Wellness Requirement

If a Team Member, or a Team Member and spouse/domestic partner are enrolled in a Michaels medical plan, each needs to complete an annual physical between July 1, 2023, and June 30, 2024 to avoid paying a $25 per paycheck ($650 for the year) surcharge on medical premiums beginning in August 2023.

Be Tobacco-Free

If a Team Member and/or spouse/domestic partner uses tobacco, including e-cigarettes and non-nicotine vaporizers, $25 per paycheck ($650 for the year) will be added to medical premiums beginning in July. Team Members can’t use tobacco products for at least six months to be considered tobacco-free, and they can only change their tobacco status during Open Enrollment.

Open Enrollment Webinars

Date Time Meeting Link
Friday, May 5 10 a.m. Central Click here to join the May 5 meeting
Tuesday, May 9 2 p.m. Central Click here to join the May 9 meeting
Thursday, May 11 10 a.m. Central Click here to join the May 11 meeting

In-Person Open Enrollment Meetings: Royal Ridge Auditorium

Date Time
Wednesday, May 3 4 p.m. Central
Tuesday, May 16 11 a.m. Central

Which Medical Plan is Best for You?

The eValuate Health Plan Selector tool allows Team Members to estimate their medical and prescription costs during the year and determine which plan provides the level of care they prefer and at the most affordable price.

Team Member Communications

Wellness Email

Wellness requirements, sent March 17

Wellness Email

Wellness deadline, sent July 17

Wellness Email #2

Wellness requirements, sent April 19

Wellness Email

Wellness completion, sent July 17

Wellness Email #3

Wellness requirements, sent May 18

Wellness Email #4

Wellness requirements, sent June 19

Home Mailer

What’s new and key dates, sent April 18

Announcement Mailer - Spanish

Translation of English home mailer

Enrollment Guide

Details about plans and changes

Enrollment Guide - Spanish

Translation of 2023-2024 English enrollment guide

Table Tent

To be displayed in stores/DCs, shipped April 20

Store Letter

Sent with table tents to be displayed in stores/DCs, shipped April 20

LOA Letter

Sent to homes of Team Members currently out on leave of absence (LOA)

Leader Email

Info HR and people managers need, sent April 20

Enrollment Email

Dates and reminders, sent May 2

Open Enrollment Reminder Email

Dates and reminders, sent May 10

HR Resources

For legal notices and summary plan descriptions, see Resources > Documents.

blank

Forms

  • Coming Soon!

Documents

  • Coming Soon!

FAQs

  • Coming Soon!

Communications Library

Digital Communications Archive for HR & People Leaders
Home 5 Category: Internal

HR Resource Center

Home 5 Category: Internal
two employees converse at a conference table

Communications Library

A catalog of previous communications, including emails, newsletters, and resource guides.

a group of raised hands in an office setting

Open Enrollment

In-depth information that Team Members may need during the next open enrollment period.

Team Member Handbook