Soon you'll have the opportunity to make changes to your health and life benefits for 2017. The annual enrollment dates are Oct. 21 through Nov. 8.
The university is pleased to announce that there will be no changes to your benefits coverage for 2017. However, you are encouraged to take time to review your current elections and take advantage of the enrollment resources available to help you make any updates to your benefits, if needed.
As you review your current coverage and consider your 2017 benefits, think about the following:
- Although the rise will be smaller than in 2016, medical plan premiums for 2017 will increase in alignment with industry trends.
- Those who choose to participate in the voluntary vision plan provided by United Healthcare will benefit from a 15 percent reduction in premiums. With these savings in mind, 2017 is the perfect time to consider enrolling.
- If you wish to decline university medical coverage, you are eligible for an annual medical waiver credit of $800 if your salary is $40,000 or less, or $500 if your salary is more than $40,000.
- Remember that you must re-enroll each year in the health care and dependent care flexible spending accounts. Up to $500 of unused health care FSA funds will roll over into the next plan year.
- This is a good time to make sure that your dependent and beneficiary information is up-to-date. Those enrolled in university-provided life insurance or a retirement plan should have beneficiary information on file. Be sure to have the Social Security numbers of your dependents on hand when you go online to enroll.
Even if you're not planning to make changes to your JHU benefits this year, now is a great time to learn about available resources and tools so that you can make the most of them. Visit the myChoices website in October to learn more.
Tagged hr newswire