EMU Open Enrollment
October 1, 2020 - October 15, 2020
Open enrollment is the time of year when you can enroll or make changes to your benefit elections for the next calendar year. Changes made during Open Enrollment are effective January 1st and typically remain in effect until the end of the calendar year or until you lose eligibility.
Do you need to do anything?
You should take Action: We would rather that you went in and checked your enrollment to ensure it fits your current needs and expectations. Without knowing your current enrollments and personal situation, we cannot advise that you should do nothing.
You MUST re-enroll for 2021, if you:
- Are an FM who covers their spouse on medical, vision, dental
- Have an FSA or HSA and you wish to have this for 2021
- Have Supplemental Life for your Spouse
- Have Voluntary Benefits: Critical Illness, Accident, or Hospital Indemnity
- Dependents age 19+ in dental can be covered only if IRS dependents
- Were hired on or after 10/1/20 and have a 90-day probation period
New for 2021:
- New Rates: Medical plans
- New Rates & Coverage Levels: Supplemental Life for You & Spouse
- New Rates: Short Term Disability for CS, FM, LE
- FSA-Health and HSA have new maximum limits, per IRS
- Voluntary Benefits moving to The Hartford. Lower rates for employees
Yes, if you take no action, your elections will automatically carry forward from 2020 to 2021 with the following exceptions
- FSAs, HSA elections do not carry forward
- If you are FM - Spousal Medical, Vision, Dental elections do not carry forward
- Supplemental Life Insurance for your Spouse elections do not carry forward
- Voluntary Benefits elections do not carry forward
Benefits and Wellness Fair: Not able to be held
Zoom Meetings will be held instead of Face-to-Face Benefit and Wellness Fair
- There will be opportunities to attend a Zoom call where the HR Team will present the changes for 2021 and be available to answer questions over the Chat function. Watch for links via email.
Have Questions? Get Answers….
- Please see contact email and documents/resources attached to this website.
- Attend a Zoom meeting, links will be sent via email to employees.
- Questions can also be sent to the [email protected]
- If you call our office with a question, we will 1st respond to your email address.
Documents & Resources
- 2021 Benefits Overview
- 2021 Plan Rates
- 2021 Benefit Plan Comparison
- How to Enroll Guide
- Voluntary Benefits Overview
Outside of Open Enrollment, certain life events, such as marriage or the birth or adoption of a child, may allow you to make specific benefits changes related to the event. Be sure to review for important rules and deadlines you must meet in order to change your benefits due to a qualified family status change. Changes are usually effective as of the event date but may be reflected in your paycheck, per the payroll processing calendar deadlines. How to View or Make Changes.
- If you do not request a change in coverage within 30 days of a qualifying event, you must wait until the next Open Enrollment period to make changes.
Benefits You Can Change Any Time
The TIAA Retirement Savings Plans and Beneficiaries for your Life Insurance are not part of Open Enrollment and you may enroll, view or make changes at any time. To compare 403b and 457b plans, here is a comparison document to view.
- 403(b) TIAA Supplemental Retirement Account (SRA)
- EMU contributions and EMU match are part apply to the 403b Plan Option
- The EMU match requires you to contribute a percentage (not a dollar amount)
- 457(b) TIAA Deferred Compensation Plan is an additional form of retirement savings for faculty and staff and offers you the option to contribute
- pre-tax employee contributions election or
- post-tax ROTH employee contributions
- The combined total of both pre and post-tax ROTH cannot exceed IRS limits