Are you a KPMG Partner? Your enrollment experience is unique, so please click here for some Partner-specific tips before you continue reading the article below.
As you work through the League enrollment and benefits selection process (click here for help with enrollment), you'll notice the fund tracker (shown below) in the top-left corner of your screen. This shows a running balance of Wellness Pool funds, You Pay and corresponding payroll deductions. Your Wellness Pool is a flexible pool of funds provided by KPMG, which you can allocate towards Wellness Pool-eligible benefit tabs. If your plan selections exceed your Wellness Pool balance, any remaining costs are shown under You Pay, your annual out-of-pocket expense. Let's look at the differences between these funding sources.
When your Wellness Pool funds can be used on a given benefit tab, the enrollment tool will prioritize using these funds first, instead of adding to your You Pay amount. Keep in mind that Wellness Accounts can only be paid for with Wellness Pool funds, and by the time you're selecting your Wellness Accounts, you've already selected your Drug, Medical and Dental coverage (deducted from your Wellness Pool). Since these benefits can also be paid with You Pay, if you allocate more than your remaining Wellness Pool balance to your Wellness Accounts, your You Pay amount will increase accordingly.
Note: Life Insurance, Long-Term Disability (LTD), and Accident Insurance (AD&D) are required to be paid through You Pay to avoid a taxable benefit to you at the time a benefit is paid.