Annual Benefits Enrollment

Know what’s new for 2025

As always, we take great care in offering you and your family benefit options that help support your well-being. Here’s what’s new, what’s changing, and what you need to know so you’re ready to enroll on Workday from October 28 through November 14.

Legal Services Plan expansion

The Legal Services Plan is expanding coverage for identity theft protection. If you’re enrolled in individual or family coverage in the Legal Services Plan for 2025, you can extend the Plan’s full-service identity restoration, lost wallet services, and identity theft insurance to your parents and grandparents (up to four). Your parents and grandparents have access to these services if they create an online account.

Simplification of Life Insurance and Business Travel Accident Plan rates

Optional Term Life Insurance rates and Spouse/Domestic Partner Optional Term Life Insurance rates won't change when you or your spouse/domestic partner moves into a new age band within the calendar year. Rates for 2025 are based on your age or your spouse’s/domestic partner’s age as of December 31, 2025, and will stay the same for the entire year. 

Your covered pay for Basic Term Life Insurance, Optional Term Life Insurance, and Business Travel Accident Insurance will be determined once a year and will apply for the entire plan year. This means your covered pay won’t change during the plan year even if your pay changes. Your 2025 covered pay will be determined as of October 1, 2024, and will remain in effect for all of 2025. Generally, your 2025 covered pay will be your annual salary as of October 1, 2024, plus any eligible incentive compensation received in the prior 12 months.

Critical Illness Insurance and Optional Accident Insurance enhancements 

Optional Critical Illness Insurance and Optional Accident Insurance benefits are improving with more coverage and increased benefits. Visit metlife.com/wf for more details. 

Optional Term Life Insurance enhancement for first-year Financial Advisors

Beginning January 1, 2025, Optional Term Life Insurance first-year minimum covered pay amounts are changing for the Financial Advisor positions listed below.

• These first-year minimum covered pay amounts remain in place until, 1) the Annual Benefits Enrollment period that occurs within 12 months of your employment start date, or 2) the Annual Benefits Enrollment period following your hire date if your covered pay calculation is more than the first-year minimum covered pay amount shown below, whichever occurs first. 
• Once your covered pay is more than the first-year minimum covered pay amount shown below, your covered pay amount is calculated using the standard covered pay definition and timing, even if your covered pay later falls below the first-year minimum covered pay amount shown below.

Health savings account (HSA)* contribution limit increase

The new 2025 annual contribution limits for an HSA, set by the IRS, are:

• $4,300 if you cover yourself only (up from $4,100 in 2024)
• $8,550 if you cover any dependents (up from $8,300 in 2024)
• Catch-up contributions (age 55 or older) remain at $1,000 (no change)

If you’re enrolled in the HSA Plan for 2025 and otherwise eligible, you can contribute to an HSA.

You must reenroll to contribute: While your HSA funds carry over from year to year, your HSA contribution elections don’t carry over. You must make an HSA contribution election during Annual Benefits Enrollment if you want to contribute to an HSA in 2025. You can see the maximum amount you can contribute to an HSA when you enroll on Workday during Annual Benefits Enrollment. You can change your contribution amount anytime. You can also add your own money to your HSA on an after-tax basis and take a deduction on your federal tax return.

Employer contribution: For employees in the HSA Plan making less than or equal to $100,000 in eligible compensation, Wells Fargo may make a separate employer contribution to your HSA through Optum Bank. Any employer contribution from Wells Fargo counts toward the annual maximum. Additional eligibility criteria apply. 

Health and wellness dollars: Keep in mind, if you’re enrolled in an HSA, you can also earn up to $800 toward your HSA for completing health and wellness activities in Rally, regardless of compensation category. And your enrolled spouse or domestic partner can also earn up to $400 in the HSA by completing health and wellness activities in Rally.

Health Care flexible spending account (FSA) contribution limit increase

For the 2025 tax year, the new annual contribution limit for an FSA is increasing. You can make before-tax payroll contributions up to $3,200 annually, to pay for eligible expenses (up from $3,050 in 2024). This limit applies to both the Full-Purpose Health Care FSA and the Limited Dental and Vision FSA.

You must enroll in the FSA every year to participate, which means you must make a new election during Annual Benefits Enrollment. If you're currently enrolled in an FSA, any unused funds from 2024 are available during the 2025 grace period, which ends on March 15, 2025. Any balance remaining at the end of the grace period is forfeited. Keep this in mind when making your 2025 FSA contribution election during Annual Benefits Enrollment.

You're eligible for the FSA regardless of your enrollment in a Wells Fargo-sponsored medical plan.

• If you enroll in the HSA Plan, you can enroll in the Limited Dental and Vision FSA and still be eligible to make or receive contributions in an HSA. You're not eligible to contribute to an HSA if you enroll in the Full-Purpose Health Care FSA.
• If you enroll in the Copay Plan with HRA or the Local Copay Plan with HRA, and you enroll in the Full-Purpose Health Care FSA, you'll have one card to use for both accounts — the HealthEquity Visa card. All eligible medical and prescription drug expenses are automatically paid first from the HRA. Then, when HRA funds are depleted, your Full-Purpose Health Care FSA balance is used for these expenses. Be sure to consider any HRA balance when enrolling in the Full-Purpose Health Care FSA. Refer to the Benefits Book for details.

You should retain documentation for any expenses reimbursed from your FSA or paid for using the HealthEquity Visa card for at least one year following the close of the plan year in which the expense was incurred. You may be asked to substantiate your claims based on the requirements of the plan.

Other important details

Medical Plan network provider changes

Network contract negotiations are part of the normal course of business between health care provider groups and claims administrators, including UHC, Centivo, and Anthem BCBS. Those negotiations can sometimes result in providers leaving the network and becoming out-of-network providers, or in the case of the Copay Plan with HRA providers changing between tier 1 and tier 2. If negotiations result in one of your providers or preferred facilities leaving the plan’s network or changing tiers, you have options. You can find a new provider by contacting Included Health. Or, you can remain with your current provider, but you’ll pay more since claims are reimbursed at the higher tier or out-of-network coverage level.

For more information, review the “When your provider leaves the network” section of the Benefits Book.

Important plan documents

The plans and rates that are available to you depend on where you live and what plan you choose. Choose your location from the drop-down menu below and click Show me my options to view. You’ll find:

• Plan information and details for medical, dental, and vision plans
• Rates you’ll pay for coverage
• Claims administrators for your location

Back to top

Ask Included Health and ALEX for help

Find your best fit with Included Health, your personal health care assistant

With Included Health, you have a dedicated care team standing by to answer questions about your 2025 medical plan options. Maybe you’re wondering if your doctor is in network next year, or you want to learn more about how the medical plans work. Included Health is here to help. 

And they’re available 24/7 by phone, through their website via chat, or through the Included Health mobile app. Get started by visiting www.includedhealth.com/WF or calling 1-833-200-7683. And with the Included Health app, you can: 

• Connect with a top-rated provider within minutes
• Access details about all of your health care benefits
• Get 24/7 support from the Included Health care team

All Included Health virtual visits are subject to the telemedicine cost through your medical plan.

ALEX

As always, ALEX^®, your virtual benefits counselor, is available to help you personalize your coverage options so you can make an informed decision about your benefit selections. ALEX can help compare your 2025 medical plan options and review other benefits to consider during Annual Benefits Enrollment.

Back to top

Enroll by November 14

Enroll on Workday beginning October 28 through November 14, 2024.

If you don't enroll during Annual Benefits Enrollment, your current benefit elections — like medical, dental, vision, and income protection (such as Optional Term Life, Long-Term Disability, Accidental Death & Dismemberment, Critical Illness Insurance Plan, and more) — will automatically carry over. There’s no need to take action on these plans if you like what you have. Health savings account (HSA) and flexible spending account (FSA) contributions must be elected each year.

Tobacco user status will carry over from 2024 unless you choose to change your status during Annual Benefits Enrollment if you’ve stopped using tobacco.

After Annual Benefits Enrollment ends, no changes are permitted to your 2025 benefits unless you have a Qualified Event or special enrollment event. (For more information about these events, please review the Benefits Book). When making your benefit elections in Workday, you’re responsible for ensuring your pre-tax and post-tax pay is sufficient to cover all payroll deductions for your employee benefit elections.

Adding eligible dependents

You can update dependents before Annual Benefits Enrollment begins. Before you start your enrollment, add any new dependents in Workday, if applicable, so you can add them to coverage while you’re enrolling.

1. Sign on to Workday. (When you sign on to Workday from Teamworks at Home, you’ll be prompted to authenticate. Follow the on-screen instructions.) 
2. Review your list of dependents in the Workday Benefits app. Add any new dependents you want covered in 2025. Don’t duplicate any dependents that are already listed in the Dependents table.
3. Any dependents you enroll or reenroll must be eligible for coverage and you must submit documents to verify their eligibility. This could include:
   • Government-issued marriage certificate or Notarized Affidavit of Common Law Marriage
   • Notarized Affidavit of Domestic Partnership or government-issued Certificate of Civil Union Partnership
   • Birth certificate of your natural-born or adopted children
   • Documentation for children for whom you and your spouse or domestic partner are legal guardians, custodians, or foster parents
   • Physician's certification or proof of tax dependent status for enrollment of incapacitated children
4. You’ll receive a personalized packet from Alight containing important information about the documents you must submit. The verification timeline is 60 days. If you fail to complete the required steps, coverage for unverified or ineligible dependents will terminate at the end of the 60 days. Refer to the Benefits Book for details on dependent verification.

To enroll in benefits (October 28 – November 14, 2024):

1. Sign on to Workday. (When you sign on to Workday from Teamworks at Home, you’ll be prompted to authenticate. Follow the on-screen instructions.) On the Workday homepage, go to the Menu button on the top left, select Benefits, under Needs Attention, find Benefit Event: Annual Benefits Enrollment, and select Enroll.
2. Make your benefit elections. You can choose to either elect or waive coverage for each plan, then follow the on-screen instructions to save your elections. If applicable, starting October 28, you can also update your tobacco user status for 2025 by answering the Tobacco Use question.
3. Review your elections carefully. Before submitting your elections for each plan, make sure you’ve selected the eligible dependents you want to cover. When you’re ready, click Review and Sign, accept the terms of the electronic signature, and then click Submit. After your elections are submitted, you can save or print your 2025 Benefits Statement. You can also view your 2025 elections in the Archive of your Workday inbox. Note: The 2025 Benefits Statement is only mailed to employees who are on leave of absence or are displaced.

If you aren’t ready to complete your enrollment right away, you can select Save for Later. However, none of your benefit changes are applied until you return and click Submit to complete your enrollment. If you don’t click Submit, your changes are lost when Annual Benefits Enrollment closes.

• If you need to make changes after submitting your elections and before the November 14 deadline, go the Workday homepage and go to the Menu button on the top left, select Benefits, under Needs Attention, find Benefit Event: Annual Benefits Enrollment, and select Edit to reopen your enrollment. 

For enrollment support:

If you need help enrolling in your benefits, contact the Wells Fargo Annual Benefits Enrollment Call Center at 1-877-HRWELLS (1-877-479-3557), option 7, 3. Representatives are available Monday – Friday, from 7:00 a.m. – 7:00 p.m. Central Time, beginning October 28. All relay service calls are accepted, including 711. 

Call volume is heavy throughout Annual Benefits Enrollment. You’ll likely receive a faster response if you call early in the enrollment period.

Resources

• Included Health
• ALEX^®
• Benefits Book
• Rally

Legal notices

• Important Benefit Plan Information
• Notice of HIPAA Privacy Rights (PDF)

For benefits questions:

Included Health

Visit www.includedhealth.com/WF.
Call 1-833-200-7683.

For support (throughout the enrollment period):

Annual Benefits Enrollment Call Center

Call 1-877-HRWELLS (1-877-479-3557), option 7, 3. All relay service calls are accepted, including 711, Monday through Friday, 7:00 a.m. to 7:00 p.m. Central Time.

Call volume is heavy throughout Annual Benefits Enrollment. If you need assistance, you’ll likely receive a faster response if you call early in the enrollment period.

For technical assistance:

Call 1-877-590-9000.

Back to top