Health Benefits
Table of contents
Parallel provides health insurance along with additional health benefits.
Health Insurance
Parallel’s medical, dental and vision plans all fall under the Aetna umbrella. Typically, coverage will be available beginning on the first of the month, following your hire date. You will be required to designate your desired plan when you join Parallel and again each November when our health insurance policy renews. Details regarding each of these plans follows.
Medical Plan Details
Currently, Parallel offers medical benefits under different Aetna plans that each include an option to cover your spouse and dependents (all details can be found here).
Dental Plan Details
Currently, Parallel offers dental benefits under different Aetna plans (all details can be found here). Similar to the medical plan, you will have the optionality to cover yourself individually or your entire family.
Vision Plan Details
Currently, Parallel offers vision benefits under two different plans, the Aetna Vision and Aetna Vision+ plans (all details can be found here). Similar to the medical and dental plans, you will have the optionality to cover yourself individually or your entire family.
Other Health Benefits
Flexible Spending Account (FSA)
All of Parallel’s health plans permit FSAs. An FSA is an employee benefit that allows employees to use pre-tax dollars to pay for out-of-pocket health insurance or dependent care expenses. For more information, please refer to the relevant plan documentation and a frequently asked questions page available here.
Health Savings Account (HSA)
Certain of Parallel’s health plans permit HSAs. An HSA is a pre-tax savings account for employees with a qualified high deductible health plan. Those enrolled in HSAs can make accumulated tax-free contributions to pay for health insurance costs for themselves and tax dependents— including doctor and hospital visits, co-payments, eyeglasses, prescriptions, certain long-term care insurance premiums and COBRA premiums. They can also contribute to their deductible. Funds within an HSA can rollover from year to year. Unpaid owners are not eligible for HSAs. For more information, please refer to the relevant plan documentation and a frequently asked questions page available here.
Health Advocate
By virtue of Parallel offering Aetna-sponsored health plans, each Parallel employee will automatically be provided with a Health Advocate membership. Health Advocate is the nation’s leading healthcare advocacy and assistance company, serving some of the nation’s largest companies and more than 40 million people. Health Advocate provides unlimited, confidential access to a dedicated consultant (known as a Personal Health Advocate) to help you resolve healthcare and insurance-related issues. You can find more details about how to access Health Advocate here.
One Medical
As part of Parallel’s enrollment in JustWorks’ health plans, our employees have access to One Medical at no additional charge. Outside membership in One Medical typically costs $199 per person per year. One Medical is a top quality and service level doctors office that provides top-rated health insurance professionals to their patients. You will be able to access the One Medical portal and sign up by clicking on “Benefits” in your JustWorks account. You can find more details about One Medical here.
Teladoc
As part of Parallel’s enrollment in Justworks’ health plans, our employees have access to Teladoc at no additional charge. Teladoc helps employees access on-demand health insurance anytime, from almost anywhere. Teladoc offers virtual health services, which allows you to speak to a physician via phone or video. That means a physician is always just a call, click or swipe away. You will be able to access the Teladoc portal and sign up by clicking on “Benefits” in your JustWorks account. You can find more details about Teladoc here.