November 2024 Newsletter

InnovateCorp's November Benefits Bulletin

11/1/20244 min read

InnovateCorp Benefits Bulletin: November Edition

As we enter November, it’s time to think about making the most of your benefits, taking care of your well-being, and preparing for the holiday season. In this month’s Benefits Bulletin, we’re covering everything you need to know—from finalizing your Open Enrollment choices to maximizing your end-of-year benefits and managing seasonal stress. Use the quick links below to jump to the topics that matter most to you!

Quick Links:

Open Enrollment: Complete by November 15th

Open Enrollment is here, running from November 1 to 15! Make the most of this opportunity to review and update your benefits for the upcoming year. Here’s what you need to know:

Explore Resources: Check out the "What's Changing?" and "Benefits Overview" videos, and review the enrollment guide and SBCs for a full understanding of your options.
Update Selections: Ensure your benefits choices align with your needs. This is your only chance to make updates for the next year.
New Changes: Be sure to note updates to health plans, wellness programs, the enhanced 401(k) plan, and the new Caregiver Leave Program.
Get Started: Visit the InnovateCorp Cares website and click the enrollment link when you’re ready to enroll.
Need Help?: The HR team is here to assist if you have questions or need support.

Complete your enrollment by November 15th to ensure you’re covered for the year ahead!

The Power of Taking PTO

As year-end approaches, it’s a great time to use your paid time off (PTO) to recharge. Here are some quick tips to make the most of it:

Check Your Balance: See how many PTO days you have left and plan accordingly.
Schedule Time Off: If you have unused days, consider taking a break before December 31st to spend time with family or simply relax.
Carry Over Rules: Remember, up to 5 PTO days can be carried into the next year. Use any extra days so they don’t go to waste.
Communicate Early: Let your team and manager know your plans in advance to ensure coverage while you’re away.
PTO for Personal Needs: Don’t forget you can use PTO for personal or sick days to care for your well-being.

Take time for yourself and come back recharged—it's good for you and for InnovateCorp!

End of Year Benefits Utilization

As December 31st approaches, be sure to maximize your health coverage and make the most of your benefits:

Spend Down Your FSA Balance: InnovateCorp’s Flexible Spending Accounts (FSA) have a "use-it-or-lose-it" policy, meaning unused funds may be forfeited. Use your FSA dollars for eligible expenses before the end of the year. Expenses must be incurred this year, but you have until March 15th to submit claims.
Submit Claims Promptly: If you’ve incurred eligible expenses, submit your claims as soon as possible. Keep your receipts and documentation for smooth reimbursement.
Schedule Preventive Exams: Make sure to complete any health check-ups, dental cleanings, or vision appointments to utilize the full value of your benefits.

Prioritize self-care and take full advantage of what you’ve earned before year-end!

National Diabetes Awareness Month

November is National Diabetes Awareness Month, dedicated to raising awareness about diabetes and promoting healthy lifestyles. With over 37 million Americans living with diabetes and an additional 96 million adults having prediabetes, this month serves as a crucial reminder of the importance of prevention, early detection, and effective management.

Why This Matters

Diabetes is a chronic condition that can lead to serious health complications, including heart disease, kidney failure, and vision loss. By increasing awareness, we aim to:

Educate: Provide information about risk factors, symptoms, and the importance of regular screenings.
Prevent: Encourage lifestyle changes that can reduce the risk of developing type 2 diabetes.
Support: Offer resources and support for those living with diabetes to manage their condition effectively.

InnovateCorp's Commitment to Wellness

At InnovateCorp, we are committed to supporting your health and well-being. Our Wellness Programs offer a variety of resources to help you lead a healthier lifestyle:

Nutrition Workshops: Learn about balanced diets and meal planning.
Fitness Classes: Participate in group exercises or virtual fitness sessions suitable for all levels.
Health Screenings: Access regular health check-ups to monitor vital health indicators.

Take Action Today

Small, consistent changes can make a significant impact on your health. Consider incorporating more fruits and vegetables into your meals, engaging in regular physical activity, and scheduling routine health screenings. Remember, our Wellness Programs are here to support you every step of the way.

Together, let's make health a priority this November and beyond.

Managing Holiday Stress

The holiday season can be joyful but also stressful, with family obligations, financial pressures, and year-end work responsibilities. InnovateCorp’s Employee Assistance Program (EAP) is here to help you manage these challenges with a range of confidential services, including:

Confidential Counseling: Access to professional counseling for personal issues, stress management, and mental health support.
Work-Life Balance Support: Resources and tools to help manage work-life balance and cope with life’s challenges.
Crisis Intervention: Immediate support during critical situations or emergencies.

These services are designed to help you handle personal and professional stress effectively. Don’t wait until you feel overwhelmed—reach out for support and make the most of this season with a balanced, refreshed outlook.

Thank you for taking the time to stay informed about your benefits and wellness resources. We’re here to support your health, happiness, and productivity as we wrap up the year. If you have any questions or need assistance, don't hesitate to reach out to the Benefits Team or visit the Benefits Portal. Wishing you a wonderful November and a stress-free start to the holiday season!