2023

Benefits Hub



Ready to enroll or review your benefits?

Click the "Enrollment Platform" button at the top right of the page if you're on a desktop,
or click the menu button if you're on mobile.

Questions about the
Five Below Benefits Plans or Enrollment?

Call our Benefits Center at
(855) 219-4530

Medical Plans

with

Use CirrusMD instead of ‘Dr. Google’!
Getting care will be as easy as texting a friend. Cigna medical enrollees are able to connect to a doctor in seconds from any computer or mobile device with the CirrusMD app. Text a physician anytime, anywhere for less than the cost of a visit to the doctor. It’s $5 if you’re enrolled in the EPO and if you’re enrolled in one of our HDHP plans, the cost is $45 until you reach your deductible. After that, it’s free!
Learn more with this video →

New Fertility Benefit with Progyny Added to all Cigna Medical Plans in 2023!
To learn more about Progyny, please visit the Family-Focused section.

HDHP $3500

Preventive Care:

Plan pays 100%


Office Visit:

You pay 10% after deductible


Deductible:

$3,500 (I) / $7,000 (F)


HDHP $1750

Preventive Care:

Plan pays 100%


Office Visit:

You pay 20% after deductible


Deductible:

$1,750 (I) / $3,500 (F)


EPO $800

Preventive Care:

Plan pays 100%


Office Visit:

$20 copay


Deductible:

$800 (I) / $1,600 (F)



The EPO $800 is an in-network only plan. Your home zip code will determine if you are placed into the LocalPlus network or the Open Access Plus network. You are unable to use out-of-network providers with this plan.


Documents
Contacts
View Plan Detail

Pharmacy Benefit


Pharmacy Benefit coverage through Express Scripts is included with every Cigna plan.

Documents
Contacts
View Plan Details

Health Savings Account

A health savings account, or HSA, is an account that’s funded with pre-tax contributions from your paycheck and used to cover health-related expenses.

If you choose an HDHP plan with HSA, we’ll deposit quarterly matching contributions into your HSA up to the limits shown below – yours to keep, yours to use for eligible expenses.

If you choose to contribute the IRS maximum amount to your HSA, then the matching contributions you receive from Five Below will reduce the amount of your contributions (meaning that less comes out of your paycheck).



Flexible Spending Accounts

with

A flexible spending account (FSA) is a tax-free reimbursement account funded by pre-tax contributions from your paycheck. You can use FSA funds to pay for qualified medical or dependent care expenses. Your eligibility for a healthcare FSA depends upon which medical plan you elect.

Health Care FSA Eligibility:
EPO $800 plan or no medical coverage

Dependent Care FSA and Commuter Reimbursement Eligibility:
All benefit-eligible employees

Documents
Contacts
View Plan Detail

Dental Plans


Choose between the Dental HMO plan, with no deductible and more coverage (in-network services only), or one of the two Dental PPO plans, which offer the flexibility of both in- and out-of-network coverage.

When searching for a participating dentist, select “Total Cigna DPPO” for either PPO plan or select “Cigna Dental Care Access Plus” for the DHMO plan.

Dental HMO

Preventive Cleanings & Exams:

$5 office copay, then 100%


Deductible:

$0


Basic Services:

$5 office copay


Major Services:

$5 office copay, then 50%


Orthodontic Services:

$5 office copay, then 50%


Dental Low PPO

Preventive Cleanings & Exams:

100% covered


Deductible:

$50 (I) / $150 (F)


Basic Services:

50% after deductible


Major Services:

No coverage


Orthodontic Services:

No coverage


Dental High PPO

Preventive Cleanings & Exams:

100% covered


Deductible:

$50 (I) / $150 (F)


Basic Services:

90% after deductible


Major Services:

60% after deductible


Orthodontic Services:

50% no deductible


Documents
Contacts
View Plan Detail

Vision Plans


VSP offers two plans, a Base and a Buy-up, low rates, and a broad network. They also have special discounts throughout the year on Laser Vision Correction, additional frames, and prescription sunglasses. Also included is a discount on hearing aids with TruHearing!

No ID card needed
Learn how to access your benefit HERE!

Documents
Contacts
View Plan Detail

Life & Disability


We provide life and disability coverage for all our benefit-eligible employees at no cost to you! You do not need to re-enroll in basic life or disability coverage each year in order to receive these benefits – no action required.

If you want additional protection for yourself and your family, you have the option to purchase supplemental life insurance up to the limits shown below. You must elect supplemental life insurance for yourself in order to purchase coverage for your dependents.

Included Benefits

✓ Basic Employee Life


✓ Accidental Death & Dismemberment (AD&D)


✓ Short-Term Disability


✓ Long-Term Disability


✓ Employee-Paid Supplemental Life


Documents
View Plan Detail

Financial Wellness


Check out our benefits that can make planning for the future easier. We offer a generous 401(k), an Employee Stock Purchase Program (ESPP), and more!

Documents
View Plan Detail

Supplemental Benefits

These optional programs offer you and your family even more flexibility and added perks! These benefits are employee-paid and completely voluntary.

Included Benefits:

✓ Watchdog ID Theft


✓ Pet Assure Program


✓ MetLaw Legal Plan


✓ Voya Accident


✓ Voya Hospital Indemnity


✓ Voya Critical Illness


✓ CHUBB Term Life


✓ Farmers Home & Auto Insurance


Documents
View Plan Details

Perks

Check out our exclusive discounts from our partners at PerkSpot, HP, Subaru, and more!

Documents
View Plan Details

Family-Focused Benefits

Whether you already have a family or are just starting out, these benefits have family in mind.

Included Benefits:

✓ Paid Parental Leave


✓ Progyny Fertility Benefit


✓ Learning Care Group Childcare Discounts



Documents
View Plan Details

Whole-Self

Get mental health support from Lyra, our new and improved Employee Assistance Program (EAP). The Lyra benefit offers 8 FREE sessions with a mental health professional for all full-time crew and dependents enrolled in a Five Below Cigna medical plan. All full-time crew also have access to Wellbeats, a wellbeing benefit with on-demand workouts, mindfulness and mental health classes, nutrition education and healthy recipes, and more!

Documents
View Plan Details

Compliance

Your hub for compliance information, forms, and contacts you may not have found elsewhere.

View Information

A Summary of Benefits and Coverage (SBC) has been designed to assist you with better understanding the coverage being offered to you, and to allow you to compare coverage options. The SBC is available on www.fivebelowbenefits.com. A paper copy is also available, free of charge, by calling 855-219-4530.

Five Below permits INSURERS to offer employees of Five Below certain voluntary insurance programs. Whether you choose to enroll in any of these programs is completely optional and voluntary. Five Below does not make a contribution towards the cost of these programs and employees pay the full cost of premiums on an after-tax basis. Five Below does not sponsor, maintain, endorse, recommend, or promote these voluntary programs. Five Below'S involvement regarding these voluntary insurance programs is strictly limited to allowing the insurer access to employees to publicize these programs and Five Below may perform certain ministerial functions such as payroll deduction and forwarding employee premium payments to the insurer. Five Below does not receive any consideration in the form of cash or otherwise in connection with the program, other than reasonable compensation, excluding any profit, for administrative services actually rendered in connection with payroll deductions. Accordingly, these voluntary insurance programs are not subject to ERISA and related regulations. All questions or claims regarding these programs should be directed to the insurer.

All benefit plans are governed by master policies, contracts, and plan documents. In the event of any inconsistency between the information contained herein and the applicable plan documents, the provisions of the plan documents shall prevail. Five Below reserves the right to amend, suspend or terminate any benefit plan, in whole or in part, at any time. The authority to make such changes rests with the Plan Administrator.