Medical

Michaels offers several medical plan options, all with prescription drug coverage. As your family is growing, it’s important to review the different plan options we offer and select the one that best aligns with your budget and medical coverage needs.

Health Savings Account (HSA)

Having a Health Savings Account (HSA) might help with some of the medical costs associated with having a baby. You have the option of opting into a Choice HSA plan if you choose to change your elections and medical plan through your birth event.

Dental

During this time, it will also be beneficial to review your current dental coverage, as you might want to add your growing family to your plan.

BCBSTX Medical Plan Participants

MDLIVE lets you visit independently contracted MDLIVE board-certified doctors when you may need care. MDLIVE doctors may help treat non-emergency medical and pediatric health issues. Plus, they may even write and send prescriptions to a nearby pharmacy, when appropriate.

Kaiser Medical Plan Participants

With Kaiser Telehealth, you can use everyday devices like your smartphone, laptop, or tablet to get care outside of where your typical care team is physically located. Telehealth usually means connecting virtually with a health care professional while you’re out in the real world, such as in your backyard, at the park, or at the beach. However, telehealth can take place during office visits, too, like when your doctor consults with a specialist in another room or facility.

If you are eligible for adoption assistance, Michaels will reimburse you up to $5,000 per adoption to help cover adoption fees, attorney fees, court costs, travel expenses, medical fees for the child, and temporary foster care.

To apply for adoption assistance, you must meet all criteria outlined in the Adoption Assistance Policy and complete the necessary form within six (6) months of the finalization of the adoption.

For more information, call Team Member Services at 1-855-432-MIKE (6453).

Employee Assistance Program (EAP)

We care about your mental health as much as we care about your physical health. The Aetna Resources for Living Employee Assistance Program (EAP) is a free, confidential resource available for you and your family — even if you’re not enrolled in any Michaels benefit plans.

The EAP offers support for you emotional well-being as you transition into this new phase in life, as well as a variety of free Care Kits for pregnancy, welcoming a new baby, and child safety.

Supportiv

You also have unlimited access to Supportiv, an online peer support service that can help you cope with stress, work, family issues, loneliness, anxiety, parenting, motivation, and more. Supportiv can be a great resource as you navigate the changes that come with becoming a new parent.

Michaels offers all full-time Team Members Basic Child Life Insurance at no cost to you. You will receive a benefit of $1,000 for your child.

Remember to enroll in coverage when you are updating your benefits through your qualified life event.

With your growing family, it might be time to look into your retirement and investment options. We partner with Voya Financial® to bring you enhanced retirement savings experience with the Michaels Stores, Inc. Employees 401(k) Plan.

Michaels has a Parental Leave Policy available for Salaried Team Members, Store Managers, and Assistant Store Managers. This policy provides up to eight (8) weeks of paid time off for the birth, adoption, or foster placement of a child.

This leave time is to be used within one (1) year of the birth or adoption of the child. PPL runs concurrently and is offset by other paid leaves such as state disability or Short-Term Disability (STD).

Hourly Team Members are currently not eligible for PPL; however, they may request unpaid time off for the birth, adoption, or foster placement of a child.

Exempt Team Members who welcome a child and who are not also the birth parent will also receive PPL covering 100% of their base pay for up to 8 weeks.

After 8 weeks of PPL, parents can take up to two additional weeks (80 hours) of sick time, vacation, or personal pay based on available balances and in accordance with all applicable Company policies.

Our maternity leave for mothers giving birth is common among retail companies. Most retailers provide at least six (6) weeks of Short-Term Disability (STD) pay during this time. In addition, the Federal Medical Leave Act (FMLA) allows up to 12 weeks of unpaid, job-protected leave within one (1) year of the birth of a child or placement of a child for adoption or foster care.

The STD benefit will be paid based on your duration of disability. Generally, the duration for maternity disability is up to six (6) weeks following a normal delivery and up to eight (8) weeks following a C-section. The normal elimination period applies, beginning on the date the Team Member’s doctor reports the Team Member is disabled. There is no elimination period for maternity disability.

If your are an Hourly Team Member, you must enroll in STD coverage within 31 days after you become eligible or wait until the following open enrollment period.

Hourly Assistant Store Managers and Salaried Team Members are automatically enrolled upon becoming eligible.

Your HRA, administered through Kaiser Permanente, is automatically debited when you receive covered medical services, and this amount is typically applied to your deductible.

Yes. The funds contributed by Michaels will be available to you at the beginning of the plan year.

Yes. The contributions to your HRA will roll over from year to year until you’re no longer enrolled in the Michaels Kaiser HRA plan.

Once your HRA is active, you can access your account information online, 24 hours a day, 7 days a week, online at kp.org/healthpayment. You’ll be able to view
your balance, file claims, view transaction history, and more.

Yes, you can have both accounts. A flexible spending account (FSA) allows you to set aside tax-free money to help pay for eligible out-of-pocket expenses. To learn more, visit this link: Flexible Spending Accounts.

Yes. When calculating your annual contributions, remember to include in your Michaels contributions!

No, the Health Savings Account (HSA) catch-up contribution is not included in the annual IRS maximum contribution limit.

The HSA can be used for medical, prescription drugs, dental, and vision expenses, including deductibles, coinsurance, and office visits (in-network and out-of-network).

No. Contributions from Michaels are deposited each pay period, over the annual 26 pay periods and is prorated for new hire Team Members or newly enrolled in the Choice HSA plan.

Yes, the contributions to your HSA will roll over from year to year without affecting your next year’s IRS maximum contribution limits.

You must set up an account through Health Equity, our HSA administrator, for your contributions and your Michaels contributions to be deposited.

You will receive a debit card from Health Equity to pay for eligible expenses.

Yes. Reimbursement claims for eligible expenses can be submitted through Health Equity.

Because you have an HSA, the IRS allows you to contribute to a Limited Purpose FSA (LPFSA) that can be used for eligible dental and vision expenses only. You may also participate in the Dependent Care FSA (DCFSA).

For more information about FSAs, visit this link: Flexible Spending Accounts.