Introduction
The Graham Company is pleased to offer you and your family a comprehensive benefits program. Understanding your healthcare options and determining the best plans that fit your needs should be a high priority during the Annual Open Enrollment Period. We understand that navigating through your benefits package can be complex and wish to offer as much support and valuable information as possible.
ENROLLMENT CONSIDERATIONS
Open Enrollment for the July 1, 2025 plan year will be held from May 23rd through June 6th. This Open Enrollment will be PASSIVE, meaning that your current benefit elections will automatically roll over if you do not take action in Empyrean during the allotted Open Enrollment window. The exception to this is for Supplemental Life Insurance, Health Savings Accounts, and Flexible Spending Accounts - you must re-enroll in these coverages in Empyrean during Open Enrollment if you would like to continue coverage for the July 1, 2025 plan year.
Please Note: The plan year starting on July 1, 2025, will be classified as a short plan year, running for 6-months from July 1, 2025, to December 31, 2025. Thereafter, Graham will transition to a January 1 renewal cycle for its benefits that corresponds with the calendar year. We will have another Open Enrollment in the Fall of 2025 for January 1, 2026 – December 31, 2026 benefits and coverages.
TIMELINE
Open Enrollment for 2025 Benefits
May 23rd to June 6th
2025 Benefits Begin
July 1, 2025
Open Enrollment for 2026 Benefits
Fall 2025
2026 Benefits Begin
January 1, 2026
You can view more information on how to enroll through Empyrean by navigating to the Enrollment Information page.
If you have questions about any of the benefits mentioned in this guide, please do not hesitate to reach out to your Human Resources Team or The Graham Company’s Employee Benefits Service Line at 1-888-842-1488.
WHO IS ELIGIBLE
Full-time employees working 30 or more hours per week are eligible to participate in company benefit plans.
DEPENDENT COVERAGE
Employees who are eligible to participate in Graham's benefit programs may also enroll their dependents in medical, dental, and vision benefits. For the purpose of our benefit plans, your dependents are defined as follows:
- Your spouse or domestic partner
- Your dependent children to age 26 for medical, dental, and vision
- Your unmarried children of any age who are mentally or physically disabled and totally dependent upon you for support (proof of condition and dependence must be submitted)
QUALIFIED CHANGE OF STATUS
Unless you experience a life-changing qualifying event, you cannot make changes to your benefits until the next open enrollment period. For any allowable changes, you must inform your Human Resources Team within 31 calendar days of the event. For more information, please contact Human Resources.
Qualifying Events include:
- Marriage, divorce, or legal seperation
- Birth or adoption of a child
- Change in child’s dependent status
- Death of a spouse, child or other qualified dependent
- Change in employment status or a change in coverage under another employer-sponsored plan
- Entitlement to Medicare or Medicaid
OPEN ENROLLMENT HIGHLIGHTS
MEDICAL & PRESCRIPTION DRUG: Graham will continue to offer three medical plan options for July 1, 2025. These plans will still be administered by Meritain using the Aetna network. Please refer to the Medical page to learn more about how the deductible credits and other nuances of a short plan year will work.
Per IRS guidelines, the deductible on medical Plan Option 1 (formerly known as the 1600/3200 HSA Plan) will be increasing from $1,600 to $1,650 for individual coverage and from $3,200 to $3,300 for family coverage. The deductible on medical Plan Option 2 (formerly known as the 3200/6400 HSA Plan) will be increasing from $3,200 to $3,300 for individual coverage and from $6,400 to $6,600 for family coverage.
During the Short Plan Year, you will still be subject to the full medical plan deductible during the six-month period (per IRS requirements). Your deductible will reset for the new plan year beginning January 1, 2026. This applies to all plans, so please consider this when making your plan selection for July 1.
Beyond this change mandated by the IRS, all medical benefit options and employee contributions will remain the same for the July 1, 2025 plan year.
Please note that those enrolling in the 1650/3300 HSA Plan will receive new ID cards for the July 1, 2025 plan year due to the deductible change. Otherwise, new ID cards will only be generated for those switching medical plans or enrolling in a Graham medical plan for the first time.
HEALTHJOY: HealthJoy is an employee benefit and healthcare guidance app that helps employees make better decisions. This app will also serve as our telemedicine provider for all benefit eligible employees.
DENTAL: You will continue to have the choice to enroll in a DMO or PPO Aetna Dental Option. You may change which plan you are enrolled in throughout the year.
VISION: Vision will continue to be provided at no cost through Davis Vision. You can elect this benefit without enrolling in a medical plan.
LIFE, AD&D, AND DISABILITY INSURANCE: Graham provides Basic Life and AD&D, Short Term Disability, and Long term disability coverages at no cost to you. You also have the opportunity to purchase additional life insurance during the annual enrollment period.
VOLUNTARY BENEFITS: You have the opportunity to enroll in voluntary benefits including Accident, Critical Illness , and Hospital Indemnity Insurance through UNUM. You may also enroll in Legal Shield, a voluntary legal assistance service, and/or ID Shield, a voluntary ID-theft assistance service.
HEALTHCARE BLUEBOOK & ENGAGEMENT REWARDS: Employees have access to this employer-paid tool that provides the largest healthcare quality and cost dataset in the United States. Enrolled members can use this platform to identify Fair Price providers and compare quality rankings.
SPENDING ACCOUNTS: MMA East (now Businessolver) will continue to administer Graham’s Medical and Dependent Care Flexible Spending Accounts. Due to the Short Plan Year, you will only be able to elect up to half of the IRS maximum as your contribution into the Healthcare and Dependent Care FSAs for the last six months of 2025. For the Medical FSA, up to $640 will roll over from this current year for July 1, 2025, and up to $660 will roll over from 12/31/2025 to 1/1/2026 if you have remaining funds in your account. You will have the opportunity to re-enroll in all spending accounts for plan year 2026 during our Open Enrollment in the Fall.
The Health Savings Account administration will transition from HealthEquity to MMA East’s platform by Businessolver. When enrolling for July 1, you will receive a new debit card from Businessolver (if you already have an FSA you will use the same card). As is the standard, contributions into the HSA for the July 1 plan year will be taken as pre-tax payroll deductions.
You will still have full access to your funds within HealthEquity and can continue contributing to this account directly through the Health Equity online portal or by mailing checks to Health Equity. Contributions made this way would be tax deductible, though you would independently need to ensure you do not exceed the IRS annual contribution limits. Alternatively, you may transfer your Health Equity funds over to the new Businessolver HSA. This transfer process is similar to the process of transferring funds from one 401(k) to another. For July 1, you are able to contribute half of the IRS annual max due to the Short Plan Year. This is $2,150 Single / $4,275 Family. You will have the opportunity to re-enroll for plan year 2026 during our Open Enrollment in the Fall.
GOLDFINCH: Goldfinch is an employer-paid resource available to you in the event you are considering surgery this year. You can learn more by clicking here.
EAP: Graham offers all employees and their families access to the HealthJoy Employee Assistance Program (EAP) for confidential support and guidance on issues ranging from work-life balance to familial problems.
