New Thermo Fisher colleagues need to enroll within 31 days following your hire date. Thermo Fisher benefits begin on your date of hire (retroactively) and will remain in effect until December 31 of the current calendar year.
Enrollment Window
| Situation | When to Enroll | Benefits Begin | Benefits End |
|---|---|---|---|
|
You’re newly hired |
Within 31 days following your hire date |
On your date of hire (retroactive) |
Benefits remain in effect until December 31 of the current calendar year |
|
It’s Benefits Open Enrollment |
During Open Enrollment (typically in the fall) |
January 1 of the following year |
Benefits end on December 31 of the following year |
|
You’ve had a life change (referred to as a qualifying life event) |
Generally, within 31 days after the qualifying life event Any change you make to your coverage must be consistent with your change in status. |
On the date of the status change Any newly added dependent is subject to eligibility verification. |
Benefits remain in effect until December 31 of the current calendar year |
Qualifying Life Events
Generally, you cannot make midyear changes unless you experience a qualifying life event. In those cases, changes must be made within 31 days of the event or you must wait until the next Open Enrollment period. Examples of qualifying life events include:
- You get married or satisfy the criteria for a domestic partnership
- You become legally separated, divorced, your marriage is annulled or you dissolve a domestic partnership
- You have a child by birth or a child placed for adoption
- You gain or lose custody of a child
- You experience the death of a spouse/domestic partner or child
- There is a change in your or your spouse’s/domestic partner’s employment
- You or your spouse/domestic partner become eligible for Medicare
If you experience a status change, please process the life event on MyBenefits within 31 days of the event. Use chat on MyBenefits or call 1-833-423-6387 (8:00 am – 8:00 pm EST) if you have questions. Note: If there is a charge or refund for a retroactive change, it will be passed along to you.
Who’s Eligible
You may elect coverage for:
- Yourself
- A spouse to whom you’re legally married
- A qualified domestic partner (go to the MyBenefits portal for full details on qualifications for domestic partners)
- Children up to age 26 for whom you are the legal guardian
- Adult children age 26 and older who are mentally and physically incapable of earning a living; you must complete a separate disabled dependent certification for medical plan coverage
Regular, full-time colleagues who work 30 or more hours per week are eligible for all benefits* described in this guide.
Regular, part-time colleagues regularly scheduled to work 20 hours or more, but less than 30 hours per week, are eligible to enroll in medical, dental and vision coverage at different contribution rates. You may also participate in the Flexible Spending Accounts (FSAs)*, Health Savings Account (HSA) (if enrolled in a HDHP), Legal Plan, Identity Theft Protection Plan, Supplemental Health Coverage and 401(k) Retirement Savings Plan. You are automatically covered by the Behavioral Health Navigator, powered by Spring Health, and the Employee Assistance Program (EAP). You are not eligible for coverage under the life insurance and disability insurance programs.
Regular, part-time colleagues regularly scheduled to work 20 hours or more, but less than 30 hours per week, are eligible to enroll in medical, dental and vision coverage at different contribution rates. Part-time colleagues are also eligible for all other benefits* and resources except for life insurance and disability insurance.
* Flexible Spending Accounts (FSAs) are not available in Puerto Rico due to local tax laws and regulations.
Dependent Verification Required
Company policy requires anyone adding a dependent to Thermo Fisher benefits for the first time to submit documentation to verify eligibility for coverage. Details and instructions will be mailed to your home after enrollment is complete.
Paying for Coverage
We want to ensure colleagues have access to quality healthcare coverage at an affordable cost. There are three “tiers” of colleague medical contributions based on career band (labeled as Management Level in Workday):
- Tier 1 – Career Band 1-4
- Tier 2 – Career Band 5-8 and all CRG colleagues
- Tier 3 – Career Band 9+
Colleagues in tier 1 will have the highest employer subsidy (i.e., lowest paycheck contribution). Colleague contributions are slightly higher for the second tier and highest for the third tier.
Your cost for medical coverage is based on your career band, plan and coverage level you select. Your dental and vision cost is determined by the plan and coverage level you choose. You’ll be able to see specific dollar amounts when you enroll on MyBenefits.
The cost of medical, dental and vision coverage is paid with pre-tax dollars.* Pre-tax contributions are deducted from your pay before federal income taxes, Social Security taxes and, in most cases, state and local income taxes are withheld from your pay. This means that your taxable income is reduced by these amounts. Your contributions are deducted from each paycheck throughout the year.
*Coverage in Puerto Rico is paid with after-tax dollars due to regulations.
Paying for Coverage
We want to ensure colleagues have access to quality healthcare coverage at an affordable cost. Your cost for medical, dental and vision is determined by the plan and coverage level you choose. You’ll be able to see specific dollar amounts when you enroll on MyBenefits.
The cost of medical, dental and vision coverage is paid with pre-tax dollars. Pre-tax contributions are deducted from your pay before federal income taxes, Social Security taxes and, in most cases, state and local income taxes are withheld from your pay. This means that your taxable income is reduced by these amounts. Your contributions are deducted from each paycheck throughout the year.
