fiscal year 2014 annual enrollment update what hr liaisons should know
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Fiscal Year 2014 Annual Enrollment Update What HR Liaisons Should Know. June 27, 2013. Overview. Premiums & Plan Design. Health premiums will go down for many employees No plan design change to A&M Care health plan Premiums for optional plans to remain flat - PowerPoint PPT PresentationTRANSCRIPT
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Fiscal Year 2014 Annual Enrollment UpdateWhat HR Liaisons Should Know
June 27, 2013
Human Resources June 27, 2013 | Page 2
Overview
• Premiums & Plan Design• Flexible Spending Accounts• Medicare Coordination Rule Changes
Updates for FY2014 Annual Enrollment (AE):
• iBenefits• Benefits Fair
Annual Enrollment Reminders
• Referrals to Benefit Services• Communicate AE information
HR Liaison Role
Human Resources June 27, 2013 | Page 3
Health premiums will go down for many employees
No plan design change to A&M Care health plan
Premiums for optional plans to remain flat No plan design changes to optional plans
Premiums & Plan Design
Human Resources June 27, 2013 | Page 4
New Plan
Grad PlanInternational Plan
Student Plan
Grad Plan Design Changes
Human Resources June 27, 2013 | Page 5
Healthcare Spending Account
Max contribution decreased to
$2500Requires Active
Reenrollment (including debit card)
Dependent Care
Max contribution
remains $5000
Requires Active
Reenrollment
Flexible Spending Accounts
Human Resources June 27, 2013 | Page 6
Current Rules – A&M plan primary for working any portion of month
New Rules – starting 9/1/2013 A&M plan primary only if the position the working
retiree holds would otherwise be considered benefits eligible
Will help resolve Medicare coordination issues Requires Medicare enrollment when Medicare
primary Eligibility for 65+ plan only if Medicare primary
Medicare Coordination
Human Resources June 27, 2013 | Page 7
Annual Enrollment Reminders
AE Period
iBenefits
Communications
• Entire month of July
• Time to review benefits• On-line through SSO
• Confirm personal data• Benefits Fair• Website
Human Resources June 27, 2013 | Page 8
Benefits Fair
Human Resources June 27, 2013 | Page 9
HR Liaison Role
Communications Referrals
Resources Support
HR Liaiso
n
Human Resources June 27, 2013 | Page 10
Final Reminders
BEN
EFI
TS
Human Resources June 27, 2013 | Page 11
Annual enrollment – July 1st through 31st
Increased communications with assistance from HR Liaisons
Refer employees to Benefits Services Changes to the Grad Student Plan Changes to Medicare coordination for working
retirees Access resources available on website
Final Thoughts
Human Resources June 27, 2013 | Page 12
Sarah TobolaEmployee Benefits [email protected]
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