LYB benefits

You have a choice between two medical plan options: the PPO Plan and Consumer Driven Health Plan (CDHP). Both are available under the Aetna Open Choice POS II network and offer the same services and quality of care. Preventive care is covered at 100% with in-network providers in both plans. The difference is in when and how you pay. 

No matter which plan you choose, your in-network medical costs are capped at $3,500 or $7,000 depending on how many people you cover. A Health Savings Account or Flexible Spending Account through HSA Bank can help cover these expenses depending on your plan guidelines.  

Here are your in-network medical plan benefits at a glance.

Out-of-network coverage will differ.  
*The deductible applies to most non-preventive services before coinsurance begins. 
**Your out-of-pocket maximum includes deductible, coinsurance and copays. 

You will automatically have prescription drug coverage under CVS/Caremark when you enroll in an LYB Medical Plan. To look up prescription drug costs or find a pharmacy, click here. 

There are many programs available that are designed to help you save.  

For help with specialty medications, PrudentRx may be able to eliminate your out-of-pocket costs altogether. You can contact Member Support at 1-800-578-4403 to learn more about enrollment.  

For help with everyday medications, Rx Savings Solutions can identify lower cost alternatives such as taking a different form of the same drug (capsule versus tablet for example), trying a different pharmacy or taking the same ingredients in different pills. Get pharmacy support at 1-800-268-4476. 

Sometimes the unexpected happens – and if it does, we want you to be protected. LYB offers these benefits to give you and your family financial security and peace of mind.

LYB paid:

• Basic Life & Accidental Death & Dismemberment (AD&D) Insurance (1.5 times your base pay, up to $2.5 million)
• Short-Term Disability (Disability replaces 100% of your base pay for up to 13 weeks and 80% for the next 13 weeks if you're unable to work because of an illness or injury.)
• Long-Term Disability (Basic coverage provides 60% of your base pay, up to $10,000 per month.)
• Business Travel Accident Insurance (Up to 5 times your base pay for accident coverage while on business travel.)

Employee paid after tax:

• Supplemental Life Insurance
• Dependent Life Insurance
• Voluntary Accidental Death & Dismemberment (AD&D)
• Buy-Up Long-Term Disability (Buy up coverage provides 67% of your base pay, up to $20,000 per month.) 

Certain limitations apply. Check the plan document for details. If you are covered under a collective bargaining agreement, your benefits may vary.

Voluntary benefits can help you plan for the unexpected. After an accident, critical illness or hospitalization, unexpected costs can add up quickly. LYB partners with MetLife to offer benefits to help protect your finances while supplementing your medical and disability coverage.

Accident insurance

Payments are made directly to you for more than 150 covered events such as fractures, dislocations or burns, regardless of any benefits that your medical plan may pay.

Hospital indemnity insurance

Provides a direct lump-sum payment if you or a family member become hospitalized.

A flat amount is paid for the day that you are admitted to a hospital and a per-day amount is paid for each additional day of a covered stay.

Critical illness insurance

Provides a lump-sum payment, made directly to you, upon diagnosis of serious conditions like heart attack, cancer and stroke.

MetLife legal

Gives you access to a network of attorneys to help when you’re buying a home, planning for your family’s future, caring for aging parents and other key times in your life.

Digital estate planning tools allow for quick creation of wills and powers of attorney with no copays or deductibles when using network attorneys.

Aetna dental

Our dental plan, administered by Aetna, offers you one of the largest provider networks in the country. You can visit any provider, but you’ll pay less when you stay in-network.

• 2 free cleanings per year
• You pay 20% for basic care and 50% for major services
• $2,000 calendar year maximum benefit
• $2,000 lifetime orthodontia maximum benefit

VSP vision

The vision plan is offered through Vision Service Plan (VSP), which provides a network of providers who offer discounted fees and wholesale prices for routine eye exams, lenses and frames. Should you use a non-network provider, the plan partially reimburses your costs.

• Routine exams for $10
• Lenses and frames for $25 copay each

Teladoc

Save time and money by addressing medical conditions such as flu, allergies or skin issues via phone or video consultations any time of day. Medical experts can help you find to specialists and provide a quick, as well as an informed, second opinion about a recommended surgery, new treatment or serious illness. Available for employees and their dependents covered under the LYB medical plan.

Wondr Health

Helps you to identify behaviors and suggests modifications to help you manage your weight. Available for employees and their dependents covered under the LYB medical plan.

Hinge Health

Provides virtual at-home exercise therapy, one-on-one coaching, and a personalized curriculum to address issues with your neck, back, shoulders or other joints. Participants report significant reductions in pain, depression and surgeries. Available for employees and their dependents covered under the LYB medical plan.

Progyny

Provides an inclusive family-building benefit with coverage for both medical care and prescriptions. Employees and their spouses who are covered under the LYB medical plan can access a high-quality network of fertility specialists and a dedicated Patient Care Advocate for support. Coverage also includes doula and menopause support.

401(k) plan

LYB partners with Fidelity to offer a 401(k) plan to help you save for your retirement. You are eligible from day 1 and the company matches the first 6% of your contribution dollar for dollar. Choose pre-tax, Roth or after-tax contributions. You are immediately vested in both your contributions and the company match.

Student debt 401(k) match

With LYB Student Debt 401(k) Match, your student debt payments will be used as if they’re 401(k) contributions, and count towards your yearly company match. If you contribute to your LYB 401(k) plan, you’ll receive your regular match payments according to your plan’s rules. Any additional match accrued from your student debt payments will be contributed to your retirement plan after the plan year ends.

Pension plan

You are automatically enrolled in the LYB Pension Plan upon your date of hire. The company funds the pension plan and shoulders all investment risk. Pay credits are calculated as 5% of your base pay and applied quarterly to your balance along with interest credits. You are vested in the Pension Plan after three years of service.

The Employee Assistance Program (EAP) through Magellan offers a robust suite of tools to support your overall wellbeing. Mental health coaches, therapists and other professionals are available as a free resource to help you and your family manage personal and work-related concerns. Confidential resources available to you and your household members include:

• Counseling
• Caregiver support
• Backup care connection
• Digital self-care program
• Financial resources
• Legal and ID theft support

The LYB Employee Stock Purchase Program (ESPP) with Morgan Stanley is an easy way to purchase LYB shares at a 10% discount off the fair market value of shares on either the first or last trading day of each calendar quarter, whichever is less. Simply elect to contribute between 1 to 10% of your salary and your contributions will be taken through payroll deductions throughout the calendar quarter.

LYB recognizes there are significant benefits to offering a hybrid work environment that allows for both collaboration and flexibility. Through its Global Remote Work Policy, eligible employees may work from home up to two days each week.