2013 Benefits Newsletter - Spartech Corporation

2013 Open Enrollment Newsletter
Dear Team Member,
At Spartech we are committed to “providing a great place for our team members to contribute, learn, grow, and
be challenged, respected, appreciated and fulfilled”. We believe that an important aspect of a great place to work
is providing a competitive benefits package for you and your family.
We’ve all heard that healthcare costs keep rising. Healthcare costs in our country are rapidly approaching $2.4
trillion annually. That is nearly $8,000 per year for every man, woman and child in America. All companies,
including ours, need to control healthcare costs to stay competitive. More importantly, we need to make sure
our health benefits do what they are intended to do: help you and your family achieve and maintain your health
potential. If we can provide a benefits program that helps you maintain or improve your health, we are all, our
employees and Spartech, more likely to save money.
Beginning in 2013, we are pleased to offer a new type of health plan known as a consumer driven health plan
which allows you to be a part of the health care solution. It includes your own Health Savings Account (HSA),
to which Spartech will contribute to help pay for eligible expenses. This health plan supports our strategy of
consumerism and wellness & prevention.
The HSA Plan is a consumer driven approach to healthcare in which you have greater control over how your
healthcare dollars are spent. It:
Increases awareness to the cost and quality of health services
Increases awareness of preventive care and routine healthcare services
Encourages a more active role in managing individual healthcare spending
We examined why our costs continue to rise and what we can control. We realized we needed to do a better job at
containing costs by reducing our overall use of healthcare. The most effective way to do this is through wellness
& prevention. The new HSA Plan helps by providing cash incentives to promote staying healthy and engaging in
identifying risks to our future health through:
Getting an Annual Physical (at no charge)
Completing “MyHealth Assessment”
Completing the Tobacco-Free program
Participating in a health coaching program
Please review your coverage options carefully. Enrolling is only one step you need to take control of your
healthcare costs. Use your benefits wisely all year long, be a good consumer of healthcare services and focus on
staying healthy. Take advantage of resources and programs available to assist you.
Thank you for your service and commitment to Spartech.
Bob Lorah
SVP, Human Resources
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