Transcript Slide 1

Open Enrollment
for 2015
Presented by: Human Resource Services
November 2014
• Medical Coverage Expansion
• 2015 Premiums
• Medical, Life and LTD
• Spousal Surcharge Attestation
• FSA and HSA
• SmartHealth Incentive
• WSU Benefits Review
• Life Changing Events
• Are you up-to-date
• Dependent Care
• SelectPlus
• Retirement - VIP Plans
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Employees can:
 Reinstate coverage without a qualifying
event.
Enroll eligible dependents not currently enrolled
without a qualifying event.
Remove dependents.
Change medical and/or dental plan.
Enroll/Re-enroll in Flexible Spending Account and/or
Dependent Care Assistance Program.
If you choose a CDHP Medical Plan, you will be
enrolled in a Health Savings Account.
Re-attest to Spouse/Partner Surcharge.
 No open enrollment for Life or Long Term Disability.
Who Can You Cover?
• Spouse/State Registered Domestic Partner
• Same Sex Partners/Spouses from other states
• Opposite Sex Partners (one partner at least 62)
• Children
• Biological, Step, Adopted, and Children under
legal obligation
• Through age 25, regardless of student or IRS
dependent status
• Disabled Children, incapable of self-support, if
disability occurs before age 26
• Will need to provide Dependent Verification
Documentation
Current benefits aren’t changing!
Expansion benefits include:
• Cardiac rehabilitation (GH)
• RX $2000/person cap on out-of pocket maximum
(UMP)
• Gender dysphoria services and treatment (All)
• And other enhancements!
Medical Premiums
Due to the change in the 2015 premiums, all
employees with a spouse/partner enrolled in medical
coverage for 2015 must re‐attest to the Spouse/
Domestic Partner Premium Surcharge during Open
Enrollment.
Employees may re‐attest online through My Account or
by paper attestation form.
(A link to My Account and the form are available at
hrs.wsu.edu/OpenEnrollment2015).
Life and LTD Premiums
Life Insurance
LTD Insurance
• Premiums for Employee
Supplemental life
insurance will increase
by 6%-7%.
• Premiums for Optional
LTD will increase by 5%.
• Beginning in January
2015, the tobacco use
definition will align with
the Medical definition.
(Two months tobacco
free.)
• The benefit will eliminate
the gap between the end
of LTD insurance 60%
benefits and the
beginning of a member’s
Social Security
entitlement date.
HSA Contribution 2015
With CDHP enrollment
The limit includes
employer contribution
of $700.08/$1400.04
and $125 Wellness
Incentive.
The HSA is a tax-exempt account
that is intended to cover
qualified out-of- pocket medical
expenses that are not covered
by the CDHP insurance.
Auto-enrollment if in CDHP
Money available upon deposit
Election can be changed at any
time, and is carried over from
year to year
You are responsible to ensure you are eligible, and
not over-contributing.
Who is Eligible to have an HSA?
You may enroll in an HSA, if you:
• Are enrolled in a qualified high deductible health plan
(CDHP)
• Do not have other comprehensive health coverage
that is not a qualified high deductible health plan
• Are not enrolled in Medicare
• Are not claimed as a tax dependent on someone
else’s tax return
• Have not received care from the VA or one of their
facilities, including prescription drugs, within the last
three months
• Are not enrolled in Tricare
• Are not enrolled in an FSA
Visit the HRS Benefits website for FAQ’s and details.
hrs.wsu.edu/Health+Savings+Account
FSA –
Classic and Value
Flexible Spending Accounts
(FSA),allows you to set aside
$240 - $2500 on a pre-tax basis to cover out-ofpocket medical expenses that are not covered by
your insurance.
• Money available immediately
• Election amount is fixed for the entire plan year
and non-refundable (a “use it or lose it” benefit)
• Enroll during open enrollment (November)
• Claim processes are quick and easy – Debit Card
New, personalized wellness program coming for
employees to participate in between January –
June, 2015 to earn the $125 Wellness Incentive
for 2016 Plan Year.
Portal Based, One-Stop, Interactive Website
coming early 2015.
Dependent Care
Assistance
Program (DCAP)
The Dependent Care Assistance Program (DCAP) allows
you to save on child or elder care expenses.
• Pre-tax dollars for eligible dependent care expenses
• Annual maximum contribution is $5,000 per
household
• Commonly claimed expenses include:
In home care for an older dependent
Before and after school care
Daycare
Babysitter expenses
Voluntary
Retirement
Plans
Ready for Your Future?
Contribute as little as $15 a pay
period to a voluntary account.
Contribute as much as $17,500 to
$23,000 a year, depending on your
age.
To either or to both:
•DRS Deferred Compensation (DCP)
•TIAA-CREF, Voluntary Investment Program (VIP)
•Contributions can be adjusted at any time.
•Pre-tax and Roth options!
Visit hrs.wsu.edu/Voluntary Investment Plans.
Resources and Contacts
•Human Resource Services
hrs.wsu.edu | 509.335.4521 | [email protected]
•Health Care Authority
pebb.hca.wa.gov | 800.200.1004
•Flex-Plan Services (FSA and DCAP)
pebb.flex-plan.com | 800.669-3539
•Bright Horizons (Sittercity and Years Ahead)
hrs.wsu.edu/sittercity
•Health Equity (HSA)
healthequity.net/pebb | 877-873-8823
•TIAA-CREF
tiaa-cref.org | 800.842-2776 telephone consultation
•DCP
washington.gwrs.com | 888-327-5596