Open Enrollment Resources

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 you and your covered spouse/domestic partner complete a preventive wellness exam between July 1, 2023 and June 30, 2024. You’ll avoid a $30 per paycheck surcharge per person on your medical premiums. If you are enrolled in a Michaels BCBSTX plan, you also have the option to use VirtualCheckup through Catapult Health.
• You can use the eValuate tool to choose the medical plan that makes the most sense for you and your family. The more you know about the available choices, plans, and features, the easier it is to select and use your 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.

You 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, you (and, if covered, your spouse/domestic partner) will want to make sure you complete an annual physical exam between July 1, 2023 and June 30, 2024. If you are enrolled in a BCBSTX medical plan, you also have the option to complete your 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, you (and, if covered, your spouse/domestic partner) must be tobacco-free for at least six months leading up to the date you enroll in benefits. Tobacco cessation programs are available free of charge through any Michaels medical plan.

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