Page Text: Mylowesbenefits.com
Mylowesbenefits.com.
Mylowesbenefits.com is the official Lowe’s benefits platform. On My Lowes Benefits, you can view and change benefits plans, obtain W-2 forms, and much more.
Below, we have also added a full description of all the benfits, that you can expect as a new employee at Lowe’s.
Mylowesbenefits Login.
How do I log in to the Mylowesbenefits portal?
Visit www.mylowesbenefits.com. The page will re-direct you to https://leplb0180.upoint.alight.com/web/lowes/login .
If you have been to Mylowesbenefits.com previously you would have created a unique User ID and Password afer accessing the site for the first time. The Mylowesbenefits ID is not the same as your sales ID. If you have forgotten your User ID or Password, then click on ‘Forgot User ID or Password?’ below the ‘Log On’ button.
If it is your first time on Mylowesbenefits.com, click on ‘New User?’ below the Log On button.
Enter your ID and Password to log in to the Lowe’s Benfits portal.
Note, that all Mylowesbenefits.com passwords expire after just 90 days. If you have not logged on to the platfrom in the last 90 days you are asked to update your password after logging in.
Do I still have access to My Lowe’s Benefits as a former Lowe’s associate?
Yes. You may still see your coverage history and benefits. If you are enrolled in COBRA or eligible, you can manage those benefits, as well as and pay your COBRA bills.
I can’t log in to My Lowes Benefits. Is there another way to access My Lowe’s Benefits?
Yes. If you are an active Lowe’s associate you can log into MyLowesBenefits through the Myloweslife Portal by doing the following:
Log into Mylowelife with your Sales ID and access the Myloweslife Employee Portal. Thenlick on ‘View My Benefits’ located under ‘My Health & Well-Being’.
Lowe’s Benefits.
Benefit What’s Covered Employee Eligibility Employee Contribution (Bi-Weekly Rates)
Medical Plans: Option 1, Option 2, and HDHP
Plan Options offered in most locations.
HMO offerings in some states
Option 1 (In-Network Benefits):
$3,000 family, Physician Office Visit $30 primary care/ $50 specialist, Coinsurance 30% paid by member
Annual Out-of-Pocket: Maximum $6,000 individual; $12,000 family
Option 2 (In-Network Benefits):
Annual Deductible $1,250 individual; $3,750 family, Physician Office Visit $40 primary care/ $60 specialist, Coinsurance 40% paid by member
Annual Out-of-Pocket: Maximum $6,550 individual; $13,100 family
HDHP (In-Network Benefits):
Annual Deductible $1,750 individual; $3,500 family, Physician Office Visit N/A (Costs for doctor visits, specialists visits, inpatient & outpatient hospitalizations, and prescription drugs subject to Deductible and Coinsurance)
Coinsurance 50% paid by member
Annual Out-of-Pocket: Maximum $6,550 individual; $13,100 family, Regular full-time employees after 89
days of continuous employment
Option 1: Employee Only $67.87, Family $219.08
Option 2: Employee Only $48.58, Family $156.79
HDHP: Employee Only $39.77, Family $128.38
*Users of tobacco products will be subject to higher premium contributions.
When you enroll in a full-time medical plan, you
automatically have prescription drug benefits. CVS Caremark administers the prescription drug plan for
Option 1, Option 2, and HDHP medical plans. Kaiser administers the prescription drug plan for its medical plans.
Option 1 and Option 2 prescription copay amounts: Prescriptions (30-day supply) $10 generic 35% Formulary ($35 min / $70 max) 35% Non-Formulary ($90 min / $170 max) $75 Specialty Drugs
Non-formulary (lifestyle drugs)- restricted to home delivery program only*
Regular full-time employees after 89 days of continuous employment.
Dental Low Plan Maximum Benefit .
(In-Network Benefits) Year 1: $1,300 per covered member per calendar year
Year 2 †: $1,400 per covered member per calendar year
Year 3 and beyond†: $1,500 per covered member per calendar year
Deductible $50 per covered member per calendar year, $150 aggregate family limit.
Diagnostic/ Preventive Care (Class A) Covered at 100%; no deductible
Basic Services (Class B) Covered at 80%; deductible applies
Major Services (Class C) Covered at 50%; deductible applies
Orthodontia Services (Class D) Covered at 50%; no deductible; $1,000 lifetime benefit (for children up to age 26, employees, and spouses)
Regular full-time employees after 89 days of continuous employment
Employee Only $6.77, Family $20.30
How the Lowe’s prescription drug benefit works with the HDHP plan:
You must meet the HDHP plan deductible: $1,750 if you enroll in employee-only coverage or $3,500 if you enroll dependents (in-network) before the plan begins to share the cost of prescription drugs. For the HDHP medical plan, you have access to the CVS Caremark pharmacy network.
† Calendar Year Maximum increases are contingent upon receiving Preventive Services in the preceding Calendar Year. If an employee or covered dependent does not have preventive services, their benefit maximum will be reduced by $100 per year. All employees and covered family members will be guaranteed the first year benefit maximum regardless of their participation in preventive services.
Dental High Plan Maximum Benefit.
(In-Network Benefits)
Year 1: $1,800 per covered member per calendar year
Year 2*: $1,900 per covered member per calendar year
Year 3 and beyond*: $2,000 per covered member per calendar year
* Calendar Year Maximum increases are contingent upon receiving
Preventive Services in the preceding Calendar Year. If an employee or covered dependent does not have preventive services, their benefit maximum will be reduced by $100 per year. All employees and covered family members will be guaranteed the first year benefit maximum regardless of their participation in preventive services.
Deductible $50 per covered member per calendar year, $150 aggregate family limit
Diagnostic/ Preventive Care (Class A) Covered at 100%; no deductible
Basic Services (Class B) Covered at 80%; deductible applies
Major Services (Class C) Covered at 50%; deductible applies
Orthodontia Services (Class D) Covered at 50%; no deductible; $2,000 lifetime benefit (for children up to age 26, employees, and spouses)
Regular full-time employees after 89 days of continuous employment Employee Only $8.58 Family $25.74
Vision Low Plan Exam Every Calendar Year100% after $15 copay
Lenses every calendar year 100% after $15 copay (Includes Single Vision, Bifocals, Trifocals, Lenticulars, and Scratch-Resistant Coating) Progressive Lens: 100% with $40 copay
Frames every two calendar years
Retail allowance up to $150 with 20% discount above allowance
Contact lenses every calendar year 100% for medically necessary.
$150 allowance for all services and materials
Regular full-time employees after 89 days of continuous employment
Employee Only $2.23, Family $6.06.
Life Insurance Benefits.
Hourly Employees: One times base annual pay, rounded to nearest $1,000; maximum $500,000
Salaried Employees: One times base annual pay, rounded to nearest $1,000; maximum $250,000
All regular full-time salaried employees, first day of employment. All regular full-time
hourly employees, after 89 days of continuous employment
Hourly Employees: $0.040 per thousand of coverage.
Salaried Employees: Company Provided Hourly Employee Term
Life Insurance Flat.
$10,000 employee coverage. This option is not available to employees enrolling in the Basic and/or
Supplemental Term Life Options.
Regular full-time hourly employees after 89 days of continuous employment $0.58
Supplemental Term Life Insurance.
One to eight times base annual pay, rounded to nearest $1,000; maximum $3,000,000. Amounts over the lesser of three times annual base pay or $500,000 require Evidence of Insurability
Regular full-time employees after 89 days of continuous employment. Rates based on age and life insurance amount
Dependent Term Life Insurance.
Children: $5,000 to $20,000
* For newly eligible employees and qualifying status changes,
Evidence of Insurability is required for any amount over $25,000 for spousal coverage. Late enrollment at any coverage (including during open enrollment) will require Evidence of Insurability.
Regular full-time employees after 89 days of continuous employment
Rates based on age and life insurance amount
Accidental Death and Dismemberment Insurance.
Coverage is available up to $1,000,000; coverage amounts cannot exceed 10 times your annual base pay
Regular full-time employees after 89 days of continuous employment Rates based on age and life insurance amount
Business Travel Accident Insurance
This is a Lowe’s provided benefit that provides a life insurance benefit should your death occur as a result of an accident while traveling on company business
Regular full-time employees, first day of employment
Retirement Benefits.
401 (k) Plan Lowe’s 401(k) Plan is designed to help you plan and invest for your future.
Participation in this Plan allows you to save from 1% to 50% of your eligible compensation, not to exceed $18,000 in calendar year 2016, on a pretax basis through the convenience of payroll deductions.
Lowe’s matches the first 3% you save each pay period at 100%. Savings at 4-5% of eligible compensation will be matched at 50%, and 6% at 25%, fora total Company Match of 4.25% if you save 6%
All employees after 6 months from original Lowe’s hire date If you contribute 6% or more.
Stock Purchase Plan Lowe’s provides a Stock Purchase Plan that allows employees to purchase Lowe’s common stock at a discounted price of 15%. Participants in the Plan may contribute a flat amount or an even percentage up to 20% of base pay on an after-tax basis through the convenience of payroll deduction.
All regular full-time employees on June 1 or December 1 on or after first day of employment; regular part-time employees on June 1 or December 1 on or after one year of service
Employees can contribute 1% to 20% of their base pay in whole percentages or flat dollar amounts, on an after-tax basis.
Income Protection Benefits.
Basic Sick Pay Sick days are accrued at a rate of six days (48 hours) per year. Unused sick days may be carried forward with no limit on days accumulated. Sick days can also be used for the birth or adoption of a child
Regular full-time employees after 89 days of continuous employment. Company Provided.
Short-Term Disability Insurance.
For full-time hourly employees, the benefit begins on day 15 of an approved continuous disability, or the first day after *basic sick pay hours have been used, whichever is later.
For full-time salaried employees, the benefit begins after 3 days of continuous disability and after *basic sick pay hours have been used. The benefit will retro back to day 1 if no basic sick pay hours are available.
*Employees on medical leave may retain up to 48 accrued sick hours for use upon returning from leave.
Benefit payments are:
• 60% of normal base pay, up to $4,615 per week for regular, full-time hourly employees
• 100% of normal base pay per week for regular, full-time salaried employees
Benefits are payable for up to 11 weeks for hourly employees and 13 weeks for
salaried employees.
Disability benefits for employees in California, Hawaii, New Jersey, New York, and
Rhode Island differ, based on state law.
All regular full-time salaried employees, first day of employment.
All regular full-time hourly employees, after 89 days of continuous employment
Company Provided.
Long-Term Disability Insurance.
This Plan provides disability income protection in the event of severe, lasting illnesses or injuries. The Plan coordinates with Workers’ Compensation and Social Security benefits to provide eligible employees with a monthly benefit of:
• 60% of normal base pay and management bonus (if eligible), up to $25,000 per month after 90 days of continuous disability for salaried employees.
• 60% of normal base pay and management bonus (if eligible), up to $20,000 per month after 90 days of continuous disability for hourly employees.
All regular full-time salaried employees, first day of employment.
All regular full-time hourly employees, after 89 days of continuous employment
Hourly Employees: Rates based on age and salary
Salaried Employees: Company Provided