Welcome to YOUR 2014 Benefits Open Enrollment!
It is time for employees to select benefit choices for the coming year. Your benefit open enrollment website will aid you in choosing benefit options to fit your specific needs.
Open enrollment is October 23 - November 5. During this time, employees can make changes to and enroll in a number of benefits, including health, dental and vision insurance; Get Healthy Now; dependent care and health care flexible spending accounts.
Effective January 1, 2014, the University's new health plan administrator will be Anthem BlueCross BlueShield. There will be no changes in health plan designs, co-pays or deductibles.
Premiums will remain the same in all health plans except Cardinal Care. All Cardinal Care plans will have an annual increase of $480.
The Cardinal Care Health Plan option is closed to new enrollees.
Dental and Vision benefit plans and premiums will have no changes.
You must enroll every year for a voluntary Flexible Spending Account (health care and/or dependent care).
The maximum annual employee contribution limit for a Health Care Flexible Spending Account (FSA) is $2,500. If you waive health insurance and have university waiver contributions allocated to a health care flexible spending account, this does not affect the $2500 annual limit.
If you waive health insurance and want waiver dollars in a dependent care account, you must enroll in a Dependent Care Flexible Spending Account.
To enroll in Get Healthy Now and earn a $40 monthly premium incentive, you must complete a new Health Risk Assessment between Oct. 23 and Nov 21. If you waive UofL's health insurance you may still participate.
If you do not want to make any changes to your health, dental or vision - No Action is needed. Your coverage elections will roll over for 2014.