The annual Open Enrollment period for benefits is here! Open Enrollment runs from October 14, 2024 through November 4, 2024. Open Enrollment is your once-a-year opportunity to review your current benefits and make any necessary adjustments for the upcoming calendar year. During this period, you can explore plan changes, benefit enhancements, and ensure your coverage meets your needs.!
Visit the Open Enrollment website for all the resources you need, including the 2025 Benefits Guide, Plan Documents, Open Enrollment Overview, Presentation, Schedule of Events, Enrollment Instructions, and more!
What's New for 2025?
Great news! There will be minimal changes to employee benefits this year, and NO RATE INCREASES for PPO or HDHP Medical, Dental, Vision, Life, or Disability insurance. Be sure to review the attached newsletter for more details.
Key Highlights:
- Medical Premium Break: No employee premiums will be deducted from your December 6th check!
- HDHP Employee Cost-Share: Reduced to 10% after meeting the deductible.
- HDHP Deductible Increase
- FSA/HSA Annual Limit Increases
- True Open Enrollment for Disability and Voluntary Life Insurance
- New Programs included in the Medical Plan at no additional cost!
What Actions Are Required?
You must take action if you wish to:
- Participate in a Health Care Flexible Spending Account (HCFSA)
- Participate in a Dependent Care Flexible Spending Account (DCFSA) for childcare expenses
- Participate in a Health Savings Account (HSA)
- Make changes to your existing insurance elections for medical, dental, or vision insurance
If you do not wish to make changes to your health, dental, vision, life, or disability coverage, no action is required. Your current benefits will automatically roll over and take effect on January 1, 2025.
Schedule of Events for All Faculty & Staff
Human Resources will offer both in-person and virtual meetings to provide an overview of Open Enrollment changes, plan enhancements, and enrollment support. A summary of the high-deductible health plan will also be covered. Please refer to the Schedule of Events for details.
Join us this week for an in-person session on Benefits and Open Enrollment at 12:00 PM in SSB Room 201. If you prefer a virtual option, a session will be held on Thursday, October 17th at 11:00 AM. No advance registration is required for either session. These sessions are a great opportunity to learn more about your benefits and get answers to any questions you may have!
