New York Air Brake is pleased to offer a comprehensive benefits program, that offers you choice and flexibility, so you can take charge of your physical, financial and emotional well-being. For detailed information about each of the benefits plans and programs available to you and your family, please click on the down arrow for each benefit listed below or refer to the 2024 Benefit Guide.
Administered by Aetna
Because there is nothing more important than your health, NYAB offers three medical plans through Aetna.
Key Features
HDHP Advantages
Administered by Delta Dental
As a member of Delta Dental of Ohio, you have access to the nation's largest dental networks: Delta Dental PPO and Delta Dental Premier.
Your have two dental plan options:
All Delta Dental plans offer the following benefits:
Administered by VSP
Enroll in VSP® Vision Care to get personalized care from a VSP network doctor at low out-of-pocket costs. Our Vision Plan provides you with coverage for eye exams, lenses and frames—vision care for the whole family.
Click here to learn more.
Administered by HSA Bank
When you enroll in either of our High Deductible Health Plans, you have the option to open a Health Savings Account (HSA). HSA funds can be used to pay for eligible medical, dental and vision expenses for you and your eligible dependents, including deductibles, coinsurance, prescriptions, acupuncture and more, tax-free, now and in the future. Family members do not need to be covered under your plan in order to use the HSA funds.
With the HSA, you are in charge. You decide:
2024 Annual HSA contributions Limits:
(Add an extra $1,000 if you are age 55 or older)
The Health Savings Account (HSA) is only available in combination with enrollment in an HDHP plan.
For a complete list of IRS approved Qualified Medical Expenses, visit www.irs.gov.
Administered by PayFlex
Flexible spending accounts (FSAs) provide you with an important tax advantage that can help you pay for health care and dependent care expenses on a pre-tax basis. By estimating your family’s health care and dependent care costs for the next year, you can lower your taxable income and save money.
Health Care FSA
This program allows you to pay for certain IRS-approved medical care expenses not covered by your medical plan with pre-tax dollars. The maximum you can contribute to your Health Care FSA is $3,050. Some examples of eligible expenses include:
Dependent Care FSA
The Dependent Care FSA allows you to use pre-tax dollars toward qualified dependent care such as caring for children under the age 13 or caring for elders. The annual maximum amount you may contribute to the Dependent Care FSA is $5,000 (or $2,500 if married and filing separately) per calendar year. No funds can be rolled over.
Examples include:
Short-Term Disability
Administered by The Hartford
Our Short-Term Disability plan provides a weekly benefit for expenses incurred if you cannot work several weeks due to an illness or injury. Your doctor must certify that you are unable to return to work on a full-time or partial basis.
Disabilities caused by an occupational injury or illness are not covered.
Long-Term Disability
Administered by The Hartford
Our Long-Term Disability plan provides a monthly benefit in the event that you become disabled and are unable to work. Long-Term Disability provides replacement income to give you financial security.
Administered by The Hartford
Our Life/AD&D plan is a 100% employer-paid benefit that provides your family with financial protection in the event of your death or the death of a covered dependent (as long as you are enrolled in medical). The Accidental Death & Dismemberment (AD&D) plan protects you and your family in the event of your death or injury due to a covered accident in addition to the benefit provided by your Life coverage.
Administered by The Hartford
Our Supplemental Term Life plan allows you to elect additional life and dependent life coverage to supplement the Basic Life policy. This coverage is entirely optional and is paid for by the employee. Spouse and dependent child coverage is only available if the employee is insured for Voluntary coverage.
Administered by ID Watchdog
ID Watchdog helps warn you when your personal information is stolen and helps you better protect yourself and your family from identity fraud—when stolen information is used for illicit gain. You’ll have greater peace of mind knowing you don’t have to face the complexities of identity theft alone.
Click the links below to learn more!
Administered by ARAG
We are continuing to provide you with a voluntary plan that offers convenient access to legal services you may not be able to afford on your own. This plan is to give access to legal representation for you and your family. Click here to learn more!
Administered by Transamerica
Permanent Life Insurance with Long Term Care offers flexible financial protection with a number of optional riders, including “living benefits” that allows the policyholder to accelerate a portion of the life insurance death benefit if diagnosed by a physician as chronically or terminally ill. These extra “living benefits” can be used to help pay expenses from an unexpected medical crisis and help alleviate the worry of future financial problems. Click here and watch the video below to learn more!
Administered by Aetna
When you suffer an accident 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 Health Screening Benefit. Tests for COVID-19, as well as many other preventative tests, qualify for this health screening benefit. Click here to learn more!
Administered by Aetna
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. And every year that you complete a qualified health screening, you are eligible for a $50 Health Screening Benefit. Tests for COVID-19, as well as many other preventative tests, qualify for this health screening benefit. Click here to learn more!
Administered by Aetna
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. Click here to learn more!
Administered by Aetna
Life does not always go smoothly. All of us experience times when a personal problem or crisis affects the way we function at work or home. Your Employee Assistance Program (EAP) is a problem-solving resource available to you and your household members. A professional counselor will assist you in assessing your situation, finding options, making choices or locating further help.
Aetna Resources For Living is an employer sponsored program, available at no cost to you and all members of your household. That includes dependent children up to age 26, whether or not they live at home. Services are confidential and available 24 hours a day, 7 days a week. Click here to learn more!
To access services:
Medical, Accident, Critical Illness, Hospital Indemnity - Aetna
Dental - Delta Dental
Vision - VSP
HSA - HSA Bank
FSA - PayFlex
Disability, Life and AD&D - The Hartford
Identity Theft Protection - ID Watchdog
Legal Aid - ARAG
Permanent Life Insurance - Transamerica
Employee Assistance Program - Aetna