Health insurance, retirement savings, tuition aid, adoption assistance, and store discounts are included in the Michaels employee benefits package.
A 30% discount is given on regular and sale items, and a 65% discount is given on custom framing. Full-time and part-time team members are offered different benefit levels. Details are managed through Workday, MIKBenefits.com, and Mercer Indigo.
Benefits Offered to All Team Members
Contents
- Financial support is provided for adoption-related costs when a family is expanded through adoption.
- Tuition assistance is offered for recognized educational courses, and career growth is supported through this aid.
- Access to the PerkSpot platform is given to all team members, and savings on travel, gadgets, and other everyday items are found there.
- A 30% discount on regular and sale merchandise is given at Michaels stores, and a 65% discount on custom framing services is included. Craft supplies and home projects are made more affordable through this discount.
Benefits Reserved for Full-Time Team Members
- Extra perks like comprehensive healthcare and financial packages are made available to full-time team members.
- Medical, dental, vision, and prescription drug coverage are included, and health protection is extended to family members as well.
- Behavioral health services and telemedicine are provided through Teladoc, and a doctor or mental health expert is reached by phone or video from home.
- Pre-tax medical savings are allowed through the Choice HSA plan.
- Critical illness and accident coverage is included, and unexpected medical expenses are managed with this added protection.
- Pre-tax funds for dependent care and medical bills are set aside through Flexible Spending Accounts.
- Basic life insurance and accidental death and dismemberment coverage are offered, along with other protective options for team members and their families.
- Short-term and long-term disability benefits are provided, and financial protection is given during illness or injury.
Enrollment Periods and Qualifying Life Events
Health and welfare benefit changes are made by full-time team members within these windows.
- A 30-day window after eligibility is gained.
- The annual Open Enrollment period.
- A 30-day window after a qualifying life event, such as marriage, a child’s birth, or a coverage change.
IRS rules require life-event changes to be completed within 30 days. Adjustments outside this window are postponed until the next Open Enrollment period. Benefit management is handled through Workday, a self-service platform, and guidance is found through the Workday Learning Benefits resource.
Benefits Available to Part-Time Team Members
- Voluntary health, life, auto, and home insurance is offered to part-time team members through Mercer Indigo, and enrollment is completed at any time.
- 401(k) plan eligibility is gained after 500 hours of service are accrued, and retirement savings are supported through this plan.
Where Benefit Details Are Found?
Complete benefit plan information is found at MIKBenefits.com. Benefit terms are subject to change, so the official plan document is treated as the primary reference. Precedence over any handbook summary is given to this official documentation.
Support for Workplace Concerns
An anonymous hotline (888-226-3443) is provided for harassment or retaliation concerns. A confidential reporting website (michaels.ethicspoint.com) is also made available. A safe, supportive work environment is prioritized for every team member through these channels.
Frequently Asked Questions
Who is eligible for Michaels employee benefits?
Eligibility is determined by employment status and length of service. A broader range of benefits is typically accessed by full-time employees compared to part-time employees.
How is enrollment completed in Michaels’ benefits program?
Enrollment is completed through the company employee portal or through direct HR contact. Details are usually shared during onboarding.
When does coverage begin?
Coverage generally starts after a waiting period of 30 to 90 days from the hire date, and the exact timing depends on the benefit type and employment status.
What types of health insurance are offered by Michaels?
Medical, dental, and vision insurance are provided. Preventive care, doctor visits, prescriptions, dental cleanings, orthodontics, and eye exams are included in various plans.
Can family members be added to a health insurance plan?
Dependents such as spouses and children are typically added during enrollment periods.
Note on Accuracy: Benefit terms, discount rates, and eligibility rules are updated periodically by Michaels. The official plan document and MIKBenefits.com are checked for the most current details before decisions are made.
