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April, 2019


“Tis the Season”…  Open Enrollment Season!

By Christine Peterson

 
As we move into the autumn season, it is once again time to focus on our employee benefit plan options.

For the upcoming benefit plan year starting Jan. 1, 2010, CUA faculty and staff will have additional options when choosing their benefits for the new year. One of those new benefit options is a Health Savings Account (HSA) health insurance plan. Participating in an HSA plan can help you take control of your health care dollars.

How does it work? Health Savings Accounts combine a lower-cost, high-deductible health insurance plan with a tax-favored savings account. HSAs allow you to deposit the money you save on insurance premiums into your tax-favored savings account subject to IRS limits. Savings in your account are used to pay your qualified health care expenses until you meet your plan deductible. Once your deductible is met, your insurance pays all covered expenses. If you do not need to use your HSA savings, the unspent savings roll over year after year and earn interest.

HSA plans are not for everyone, but they may be right for you if you want more control over how your health care dollars are spent; lower monthly insurance premiums; and tax savings.

For those who may not be interested in this new plan, United Healthcare will continue to offer three other health insurance plan choices very similar to our current plans.

Aside from health insurance options, CUA employees will have the following new options to consider and choose:

  • New and improved dental insurance options

  • Supplemental life insurance options — a first-time offering for CUA employees

  • Legal services plan — a new offering for CUA employees

  • Pet insurance — another new offering for CUA employees

Open Enrollment Information:

 

Annual Benefits Fair
Be sure not to miss this year’s Benefits Fair, scheduled for Wednesday, Oct. 21, from 10 a.m. to 3 p.m. in the Edward J. Pryzbyla University Center, Room 320.

 

Information Meetings
This year, Open Enrollment Information Meetings will be held on Oct. 28, Oct. 29, Nov. 3 and Nov. 4. Exact times and locations will be announced at a later date. These will be informative meetings providing faculty and staff with plan details. The enrollment process will not take place during these sessions.

 

Open Enrollment Period
The actual period for enrollment in the 2010 benefit plans will start on Wednesday, Nov. 4, and conclude on Wednesday, Nov. 18. During this time frame, CUA employees will enroll in their 2010 benefits plans using the Benefits Express online enrollment process. Additional directions on the enrollment process will be forthcoming.

 

Seasonal Flu Vaccines
As a reminder, this year seasonal flu vaccines will be available to CUA employees on two dates: On Wednesday, Oct. 21 (during the annual Benefits Fair), from 11 a.m. to 2 p.m., and also on Tuesday, Oct. 27, from 11 a.m. to 1 p.m. Both seasonal flu vaccine clinics will be held in the Pryzbyla Center, Great Room 320A. Vaccine cost will be $21 each. Receipts will be available for those who wish to submit the vaccine expense for reimbursement through their Medical Flexible Spending Account.

 

Questions? Please contact the HR office at extension 5050 — we are here to guide you through the upcoming enrollment season!



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Last Revised 30-Sep-09 11:08 AM.