BNY Mellon Benefits Guide
Legal Notices
The following notices (and related information) are intended to be, and are, interpreted consistent with and not as an expansion of the applicable referenced law:
- Mental Health Parity and Addiction Equity Act—This law generally requires that annual or lifetime dollar limits on mental health and substance use disorder benefits be at least as generous as any comparable dollar limits for medical and surgical benefits offered under a group health plan.
- Summary of Benefits and Coverage—Group health plans are required to provide participants and beneficiaries with uniform summaries of benefits and coverage (SBCs) during annual enrollments. This SBC will help you better understand your coverage by summarizing the key features of BNY Mellon's health plans such as the covered benefits, cost-sharing provisions, coverage limitations and exceptions.
You can access the SBC through the MyBenefit Solutions website accessible via MyReward or at http://mybenefits.bnymellon.com/> Knowledge Center > Plan Information. You may request a free paper copy by calling the BNY Mellon Benefit Solutions Service Center at 1-800-947-4748, option 2, Monday through Friday between 8:30 a.m. and 8 p.m. Eastern Time.
- Value of Health Benefits—The value of your health care benefits received in the immediately preceding year will be reported in Box 12 on your 2018 W-2 statement. This reporting requirement will not affect your taxable income. The value of health benefits reported in Box 12 on the W-2 statement you receive in January 2018 should not be included in your taxable income when you file your taxes. You will also not be subject to pay any FICA taxes on this amount.