Administered by Cigna

Murgado Automotive Group is pleased to offer four medical plans.

• Bronze HDHP - HSA Compliant

• Silver HDHP -HSA Compliant

• Gold

• Platinum

*Visit Paycom for per pay period deduction information.

Administered by UnitedHealthcare

Keep a smile on your face and more money in your pocket with our dental plan. Having a dental plan that covers exams, X-rays, fillings and more can help you save money and live healthier.

• Dental Passive PPO
• Dental Incentive PPO
• Dental HMO

Administered by UnitedHealthcare

Even if you don’t wear glasses, regular visits to your eye doctor are important to your overall health. That’s because a routine eye exam can often detect early signs of serious health conditions like diabetes. A group vision plan makes it easier to get the care you need and lower your costs. 

Administered by MetLife

Basic Life and AD&D Insurance

Basic Life Insurance helps ease your loved ones’ financial burden. Your designated beneficiary will receive a benefit if you pass away from a covered accident or illness. In addition, Accidental Death and Dismemberment (AD&D) provides a benefit to your beneficiary if you pass on or become dismembered due to a specifically covered accident. Always make sure your beneficiaries are updated. The cost of the benefit is 100% paid for by the company.

Voluntary Term Life and AD&D Insurance

Voluntary Term Life/AD&D allows you to purchase additional coverage at your own financial expense to ease your loved ones’ financial burden if something should happen to you. Costs are determined on group discounted rates. Always make sure your beneficiary information is updated. An employee’s maximum benefit election cannot exceed 5x their basic annual earnings. A spouse’s maximum election cannot exceed 100% of what the employee takes out on themselves.

Did you apply for more than guaranteed coverage? Please fill out this form.

SOH Form

Life Insurance Certificate

Administered by MetLife

Voluntary Short-Term Disability (STD):

STD may help you replace a portion of your income during the initial weeks of a Disability and pays a weekly benefit.

Voluntary Long-Term Disability (LTD):

LTD helps replace a portion of your income for an extended period of time and pays a monthly
benefit.

Did you apply for more than guaranteed coverage? Please fill out this form.

SOH Form

STD Certificate

LTD Certificate (Non-Execs)

LTD Certificate (Execs)

Administered by Transamerica

Supplemental Medical Expense (GAP) insurance helps with coverage gaps in major medical insurance. It helps cover out-of-pocket expenses such as deductibles, co-insurance, and co-pays, so you don’t dip into savings or increase credit card debt.

• $2,000 Gap Plan
• $3,000 Gap Plan
• $5,000 Gap Plan

• Telephonic Intake 24/7
• Employer Consultation Services
• Job Performance Referrals
• Work & Life Services
• Utilization Reporting
• Department of Transportation Referrals
• Telephonic Life Coaching

The 401(k) Plan is an employer sponsored retirement plan that allows employees to save and invest for the purpose of building savings for retirement.  Saving through a 401(k) Plan is an easy way to set aside money for your future.  

When Can I Enroll? You may be enrolled in the plan on the first day of the month following 90 days of employment.

How much can I contribute to the plan? You may make pretax contributions of 1% to 20% of your salary.  Contributions are made through payroll deduction.  

Pre-Tax or Post-Tax? You may make your contributions either before or after tax. If you make your contributions pre-tax, you will save some current taxes. However, all your withdrawals will be subject to tax in retirement. If you make your contributions after-tax, then all the money you withdraw in retirement will be tax-free, both your  contributions and earnings. All the company contributions will be taxable when withdrawn.

When can I receive money from my account?

1. At retirement
2. At termination of employment, regardless of age
3. Death or disability
4. If you are age 59 1/2 and still employed with Murgado Automotive Group, you may withdraw money from your account.

Please reach out to HR for more information. 

Administered by Diversified Administration

Flexible Spending Accounts (FSA) allow you to save money on a pre-tax basis to pay for qualified medical expenses and/or dependent care expenses you may incur throughout the year. The money you put into your FSA is done so on a pre-tax basis. This means you are lowering your taxable income and also not paying taxes when the money is used for qualified expenses.

Health Care FSA - You may contribute up to $3,200 per plan year to pay for qualified medical, dental and vision expenses for yourself and eligible family members. Funds in this account can be used to cover all eligible expenses on your tax dependents even if they are not enrolled under your health care plan. Eligible reimbursable expenses include medical and dental plan deductibles and copays (if applicable), orthodontia
expenses not covered by your dental plan, prescription drugs, prescription eye glasses and contact lenses, Lasik eye surgery and much more.

Limited Purpose FSA - If you enroll in the HDHP/HSA plan and open a health savings account, you are not able to enrolled in the Health Care FSA, since you’re already putting tax-free dollars aside to pay for qualified expenses. You are, however, able to enroll in the Limited Purpose FSA, which allows you to pay for eligible out-of-pocket dental and vision expenses. You are able to put up to $3,200 into your Limited Purpose FSA for 2024.

Dependent Care FSA - You may contribute up to $5,000 per plan year to pay for qualified eligible dependent care expenses. Funds in this account are saved on a tax-free basis. FSAs do have a use-it-or-lose-it provision, so be conservative when electing how much to contribute. You are eligible to rollover up to $640 to the next year.*

Administered by MetLife

When you suffer an accident (on and off-the-job) such as a burn or broken bone, Accident Insurance provides a lump-sum cash benefit based on your injury(s) and the treatment you receive. These benefits are paid on top of what your health insurance covers, and can be used at your own discretion. And every year that you complete a qualified health screening, you are eligible for a $50 Wellness Benefit. 

Administered by MetLife

This plan provides a lump-sum cash benefit to help pay for out-of-pocket medical expenses or any other bills that need attention, including rent or groceries. Covered conditions include heart attack, major organ failure, kidney failure, stroke, cancer, and more. During your new hire enrollment period only, enroll without answering medical questions!

Administered by MetLife

Even with health insurance, a stay in the hospital can become costly quickly as out-of-pocket charges begin to add up. Hospital Indemnity Insurance can reduce the financial and emotional stress of a hospital stay by providing a lump sum cash benefit directly to you that can be used however you need, whether that’s for coinsurance or childcare. During your new hire enrollment period only, enroll without answering medical questions!