We continually review the benefits we offer to make sure they’re competitive and cost-effective. Our last review led us to changes that reflect our commitment to equality and keep up with the rising cost of health care.
What’s New for 2022
Medical and Prescription Drugs
- We’re making slight increases to payroll deductions for 2022. On average, ITW pays over 80% of the cost of health care benefits for our employees. We also offer lower Living Well rates to help you save.
- Employees and their family members with specialty prescription drugs — generally high-cost medications used to treat complex, chronic or rare conditions — who are enrolled in the PPO1 or PPO2 medical plan will be able to take advantage of the new PrudentRx Copay Program and get their specialty prescriptions for $0. PrudentRx will reach out to you if you are taking a specialty medication. If you don’t join the program, you’ll pay 30% of the cost for the same medication.