Open enrollment is the time of year when faculty and staff can review and make changes to their health and other benefit elections for the upcoming calendar year. Your new elections will be effective January 1, 2018 and end on December 31, 2018. There are times during the year where you can make changes, due to certain circumstances.
Changes and edits to your current Beneficiaries and TIAA Retirement Plan Employee Contribution elections can be made at any time during the year for both:
- Employee elections for TIAA 403b Retirement plan
- Employee Elections for TIAA 457b Supplemental Retirement plan
Once entered into Benefitfocus, such changes will be processed based on the payroll cut off dates for the next available payroll.
Changes to your 2018 benefits elections are not permissible mid-year, unless you experience a Qualifying Life Event (QLE) as defined by IRS rules and regulations. Please remember to log on to Benefitfocus and initiate the change within 30 days of the actual event. Proof of eligibility may be uploaded to the Document Center in Benefitfocus.
To help you understand what's changing for 2018, please review the presentation below designed to address changes in premiums, plan design, and the new online benefits enrollment process through Benefitsfocus.