Thursday, Nov 9—Friday, Dec 8, 2023.

This is the annual opportunity for you to make changes to your benefits and to add or drop eligible dependents from coverage. Changes will be effective January 1, 2024, the beginning of a new year for the University’s benefit plans. As a reminder, changes to payroll deductions for benefits elected, if any, will occur in the December payroll. 

As in recent years, this is a passive enrollment process, meaning that while employees are not required to confirm current elections in order to continue coverages already in place, we do request that those employees not making changes provide confirmation of this desire.

Please note that those interested in enrolling in 2024 Flexible Spending Accounts must log in to Employee Navigator and make their elections as they must be actively elected each year.

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Coverage Updates

Medical Coverage

Medical and pharmacy claims costs continue to rise faster than inflation, and the total cost to maintain the University's existing health plan is expected to increase by roughly 8.5% ($685,000). Accordingly, the University explored options to mitigate cost increases to the plan and to employees, broadly, and conducted a review of 15 of our peer institutions' comparable offerings.

The review of peer institutions' offerings demonstrated that the University could be more competitive in it's offering by:

  • Providing coverage flexibility by offering a third option—a Consumer Driven Health Plan (CDHP) consisting of a High Deductible Health Plan (HDHP) paired with a University funded Health Savings Account (HSA)—in addition to the existing PPO Plan Options (unchanged for 2024)
  • Creating a defined employer contribution model to ensure each employee receives the same total University dollar contribution toward premium (based on family member enrollment) no matter the plan in which they enroll
  • Providing a larger University contribution percentage share toward employee-only coverage than to other levels of coverage
  • Increasing the employer contribution share toward the total premiums

In total, employee premiums will increase by roughly 2.75% though this increase will not be distributed evenly across plans, coverage levels, and premium tiers. Some individuals may experience a decrease while others may experience an increase above the average of 2.75%.  Finally, the availability of the new high deductible plan provides the option for individuals to reduce their employee premium.

Pharmacy COVERAGE

Pharmacy coverage and copayments remain unchanged from 2023 save for BCBSTs annual review of their list of covered drugs (the formulary). The formulary for 2024 can be found here.

Dental coverage

The current plan and pricing with Delta Dental will continue unchanged for 2024. 

Vision coverage

The current plan and pricing with Delta Vision (partnership with VSP) will continue unchanged for 2024. 

Health Savings Account (HSA)

For those enrolling in the High Deductible Health Plan (Option 3), a Health Savings Account will be created for you and funded monthly with contributions from the University. Contributions are shown below on a monthly basis. 

  • Employee Only = $100
  • Employee + Spouse = $150
  • Employee + Child(ren) = $150
  • Family = $200

Additionally, you can make, change, or stop your own contributions to your HSA from payroll at any time during the plan year (unlike an FSA).

Flexible Savings Accounts (FSA)

If electing, you must log into Employee Navigator to complete your election for both the 2024 Healthcare and Dependent Care FSA.

  • The annual limit for the 2024 Health Care FSA is $3,200.00
  • The annual limit for the 2024 Dependent Care FSA is $5,000.00
Life Insurance and Long-Term Disability

The current plan and pricing with USAble life will continue unchanged* for 2024.

*Only those enrolled in voluntary life insurance coverage and who are moving into new age brackets this year will see any changes in premiums. These premiums adjustments, if any, are reflected in Employee Navigator.  

Open Enrollment is a good opportunity to review your beneficiaries and update them as desired. 

Retirement

This is also a good time to review your voluntary retirement plan contributions. The IRS has announced that the 2024 voluntary contribution limits will increase from $22,500 to $23,000 for those under age 50 or $30,500 for those at least age 50 as of 12/31/2024.

To make adjustments to your voluntary retirement plan contributions, please complete this form. 

Take Action

get started

Log in to Employee Navigator to make elections by 5 p.m. on Friday, December 8th. 

For assistance using the enrollment self-service option, please review Navigating Your 2024 Benefits Open Enrollment.

For those employees who have reviewed their 2024 benefit options and do not wish to make changes, click here to quickly complete a Google form notifying us to that effect. In return, we'll leave you in peace for the remainder of the enrollment period. 

get personalized support

If you require more assistance and would like to sign up for a personalized Open Enrollment Support Session (up to 30 minutes) please reserve a time here.

If you do not have access to a computer in order to enroll, please call 931.598.1213 (leave a message if there is no answer) so alternate arrangements can be made.