Open Enrollment 2012
October 24, 2011 through November 4, 2011
Once a year, benefits eligible faculty and staff have the opportunity to re-assess benefit needs and revise coverage(s). Open Enrollment is the only time during the year (unless you have a qualifying life event — marriage, birth or adoption of a child, death, divorce or loss of spousal coverage) that benefits-eligible faculty and staff have the opportunity to:
- Elect, drop or switch medical plans
- Add eligible family members not presently covered
- Elect, drop or switch to a different dental plan
- Elect, drop or switch to a different vision plan
- Elect or re-enroll in a Flexible Spending Account (FSA)
- Elect or drop life insurance
If you are not sure what plans you are enrolled in and/or how much you are currently paying, please go to Campus Web and click on “Pay Check Stub View” in the menu bar. You can also find a list of your plans under “My Family” in the menu bar.
All changes made during Open Enrollment will be effective January 1, 2012.
- Current medical, dental and vision plans will remain in place unless you complete a new Enrollment/Change Request Form to cancel or change your enrollment.
- To enroll a spouse or dependent, please provide a copy of your marriage certificate or your child’s birth certificate or adoption papers.
- Any enrollment changes will require the completion of a new Health Care Rate Sheet.
- You must complete a new enrollment form in order to participate in the Flexible Spending Account for 2012.
Faculty and staff are invited to attend the Benefits Fair on Thursday, October 27 from 11:00 a.m. until 2:00 p.m. in the Carriage House. United Healthcare, Delta Dental, the Hartford (life, short and long term disability insurance), Spectera (vision), TIAA-CREF, New Jersey Manufacturer’s (car and home insurance), CONCERN (employee assistance program) and Tri-Co (credit union) representatives will be there to provide information and answer questions. New this year – the Acorn Academy – will also be available to answer questions about our on-site child care program.
While you are at the Fair, you can have your blood pressure checked, get a flu shot (for a modest fee) and enjoy light refreshments. And, everyone who attends the Fair is eligible to enter the raffle for prizes offered by our vendors!
Dental insurance is offered through Delta Dental of NJ and there is one important change to the plan this year. Children Up to Age 26 are now eligible to enroll in Drew’s dental plan! To enroll your child up to age 26 on your plan, please complete a Delta Dental Enrollment Application and attach a copy of your child’s birth certificate or adoption papers. Enrollment forms can be found under Open Enrollment on the HR Intranet site.
There is no increase in the premium for dental insurance for 2012; the cost for all three plans will remain the same as this year. If you are remaining in the same plan and are not changing your dependents, it is not necessary to re-enroll. If you are considering enrolling in the dental plan or if you are changing plans or covered dependents, please go to Open Enrollment on the HR Intranet site for enrollment materials and rates.
Flexible Spending Account (FSA)
A flexible spending account is a voluntary tax-saving benefit program that allows you to put aside money on a pre-tax basis that can be used to cover un-reimbursed medical expenses and dependent care expenses. Regulated by the IRS, an FSA annual election must be made every year and by law is a “use it or lose it” program. Faculty and staff who enroll in the program are required to remain in the program for the entire year and cannot make any changes in their elections unless there is a qualifying life event (marriage, birth or adoption of a child, death, divorce or loss of spousal coverage). Those who choose to participate may realize significant tax savings.
United HealthCare will continue to administer the FSA program for Drew. Faculty and staff have the option of using a Consumer Account Card (CAC) — which functions much like a debit card — to pay for eligible health care expenses as well as the option of paper submissions. In addition, everything relating to your account is available on-line in real time. Information about the plan, a list of reimbursable FSA expenses and enrollment materials can be found under Open Enrollment on the HR Intranet site.
Basic Life and Accidental Death & Dismemberment (AD&D) insurance is provided through the Hartford Life Insurance Company and is available to all full-time faculty and staff in an amount equal to two (2) times your base earnings. There is no increase in the cost; the cost is $0.19 per $1,000 of salary and the University funds 50% of the cost for this coverage. Enrollment information and forms are on the HR Intranet site under Open Enrollment.
Over the past several years we have experienced health care cost increases that exceed salary increases, and unfortunately this year is no exception. We know that any increase in medical premiums will be a hardship for some members of the faculty and staff and we will continue to explore every possible option for containing our costs in the future. We look forward to the comprehensive benefits and compensation review scheduled to take place in 2012 and anticipate that it will help us identify opportunities for savings in benefits in general, and health insurance in particular.
In the meantime, we urge you to make time to review your current medical plan, weigh your choices, and as needed, make changes to meet your current healthcare needs and financial concerns. It may help to review your actual expenses – are your doctors in- or out-of network, did you put enough money in a FSA to cover all out-of-pocket costs, have you considered generic drugs and are you taking full advantage of mail order prescriptions?
Medical insurance is offered through United Healthcare and there are three medical plans – Core, Base and Enhanced. The three plans all provide the same services and features, but each has different coinsurance, deductible, and out-of-pocket maximum amounts. These differences are reflected in the annual cost of the premium. We encourage you to carefully weigh these cost differentials when choosing a plan to ensure that you have selected the most cost effective plan for you and your family. For a summary of the plans, click on Summary of Medical Plans under Open Enrollment on the HR Intranet site.
It is not necessary to re-enroll in medical unless you are changing plans or covered dependents. Please go to Open Enrollment on the HR Intranet site for enrollment forms and this year’s rates.
The monthly rates for the medical plans are increasing this year. The Core Plan will increase by 9.6%, the Base plan will increase by 10% and the Enhanced Plan will increase by 10.3% over last year’s rates. As mentioned above, HR will continue to work with experts in the field, as well as the soon to be announced compensation and benefits committee, to explore cost saving measures to reduce our overall expenses.
A complete list of medical rates is available under Open Enrollment on the HR Intranet site.
Children Up to Age 26
Children up to age 26 continue to be eligible to enroll under your health insurance plan. To enroll your child in Drew’s medical plan, please complete a United Healthcare Enrollment Application and attach a copy of your child’s birth certificate or adoption papers. Enrollment forms can be found under Open Enrollment on the HR Intranet site.
The co-pays for prescriptions are not increasing and remain as follows:
- $10 for a 30 day supply
- $20 for a 90-day supply
- $25 for a 30-day supply
- $50 for a 90-day supply
- $40 for a 30-day supply
- $80 for a 90-day supply
The monthly rates for Spectera vision insurance are not increasing. The monthly premium will remain:
Employee $ 5.27
Employee+one $ 9.56
It is not necessary to re-enroll in a vision plan unless you are changing plans or covered dependents. Please go to Open Enrollment on the HR Intranet site for enrollment materials.
How can we help reduce healthcare costs?
- Take the online health risk assessment offered through United Healthcare. Participate in health and wellness activities on campus.
- Familiarize yourself with your medical, dental and prescription plans. Become a partner with your healthcare provider — ask questions and participate in your health care.
- Educate yourself about any chronic condition you may have. Good health care practices can improve your condition and quality of life.
- Ask your physician if generic drugs are available and appropriate for your condition.
- Utilize mail order prescriptions for three-month supplies of maintenance drugs.
- Develop a healthier lifestyle by watching what you eat, increasing exercise and if you smoke – try to stop.
- Budgeting for health care www.familyhealthbudget.com
- Delta Dental www.deltadentalnj.com
- Flexible Spending Accounts www.myuhc.com
- Medco Health (Rx) www.medco.com
- Spectera http://www.uhcspecialtybenefits.com
- United Healthcare www.myuhc.com
- Changes made during Open Enrollment become effective January 1, 2012.
- Medical, dental and vision benefit elections will automatically roll over into 2012 unless you complete paperwork by November 4, 2011 to effect a change.
- Flexible spending accounts – including both medical and dependent care accounts — require that you re-enroll every year.
- Under IRS law, your benefit elections must remain in place for all of 2012 unless there is a qualifying event — marriage, birth or adoption of a child, death, divorce or loss of spousal coverage.
- To enroll a spouse or dependent, please provide a copy of your marriage license or your child’s birth certificate or adoption papers.
- Any enrollment changes will require the completion of a new Health Care Rate Sheet.
- Open Enrollment changes must be submitted by November 4, 2011. Applications received after the deadline cannot be accepted or processed.