Key Dates for Annual Enrollment
Annual Enrollment is typically held October 17–31, 2024․ New hires must enroll within 31 days of hire, with coverage effective on their start date․
1․1․ When is Annual Open Enrollment?
Annual Open Enrollment for 2024 typically occurs from October 14 to October 31․ This period allows employees to review and make changes to their benefit plans for the upcoming year, ensuring coverage aligns with their needs․
1․2․ Deadline for Enrollment Submissions
The deadline for submitting enrollment changes is October 31, 2024․ Ensure all elections are completed by this date to guarantee coverage effective January 1, 2025․ Submissions received after this deadline will not be processed until the next enrollment period․
1․3․ Important Deadlines for New Hires
New hires must complete their enrollment within 31 days of their hire date․ Coverage becomes effective on the first day of employment, ensuring immediate benefits access․ Missing this deadline may result in delayed coverage until the next enrollment period․
Preparing for Annual Enrollment
Review the Annual Enrollment Guidebook to understand benefit options․ Use tools like Workday and MyBenefits Online to explore plans and costs, ensuring informed decisions for the upcoming year․
2․1; Reviewing the Annual Enrollment Guidebook
The Annual Enrollment Guidebook provides a comprehensive overview of benefit plans, including summaries of health, dental, and vision coverage․ It highlights changes for 2025 and offers resources to help employees make informed decisions during the enrollment period․
2․2․ Understanding Benefit Options
Annual Enrollment offers a range of benefit options, including medical, dental, and vision plans․ Employees should review plan summaries, coverage details, and cost-sharing elements to choose options that align with their needs and budget for the upcoming year effectively․
2․3․ Tools and Resources Available
Employees can access tools like Workday Benefits Platform and MyBenefits Online for plan comparisons and enrollment support․ Decision Support Tools help evaluate options based on personal needs, ensuring informed choices during Annual Enrollment․
Enrollment Rules and Eligibility
Annual Enrollment is open to all eligible employees․ New hires must enroll within 31 days of their start date․ Mid-year changes require qualifying life events or special circumstances․
3․1․ Who is Eligible for Annual Enrollment?
All active employees are eligible for Annual Enrollment․ New hires are also eligible within 31 days of their start date․ Dependents of eligible employees, including spouses and children, may be added during this period․
3․2․ Enrollment Rules for Current Employees
Current employees must enroll during the annual open enrollment period to make changes․ Missing the deadline means waiting until the next year, unless a qualifying life event occurs․ Changes are only allowed during this period or due to specific life events, such as marriage or having a child․ Some plans may auto-enroll if no action is taken, ensuring continuous coverage․
3․3․ Special Considerations for New Hires
New hires must enroll within 31 days of their start date, with coverage effective on day one․ Missing this deadline typically requires waiting until the next annual enrollment unless a qualifying life event occurs, allowing mid-year changes to benefits;
Coverage Options and Changes
The 2025 coverage options include medical, dental, and vision plans․ Review the plan summaries for minor adjustments and updates to ensure the best fit for your needs․
4․1․ Medical Plan Options
Medical plans include HDHP and traditional PPO options, with varying deductibles and copayments․ Review plan summaries for details on network providers, coverage limits, and telemedicine benefits to choose the best option for your healthcare needs in 2025․
4․2․ Dental and Vision Plan Options
Dental plans include PPO and DHMO options, covering routine exams, fillings, crowns, and orthodontia․ Vision plans offer standard and premium coverage for exams, glasses, and contact lenses, with enhancements like lens coatings available․ Review plan details for copayment amounts and coverage limits specific to 2025․
4․3․ Changes in Coverage for 2025
For 2025, minor adjustments to plan coverage include increased medical inflation impact, slight premium adjustments, and changes to out-of-pocket costs․ Review plan summaries for specific updates, as some options may have modified copayments or coverage limits․ Ensure to evaluate these changes during enrollment to make informed decisions․
Financial Considerations
Annual Enrollment involves evaluating costs, including premiums, deductibles, and out-of-pocket expenses․ Medical inflation and budgeting for benefits are critical to ensure financial preparedness for the upcoming year․
5․1․ Cost of Coverage
Understanding the cost of coverage is essential during Annual Enrollment․ Review plan summaries to compare premiums, deductibles, and out-of-pocket expenses․ Consider how these costs align with your budget and healthcare needs for the upcoming year․ This helps ensure you select a plan that balances affordability and coverage effectively․
5․2․ Impact of Medical Inflation
Medical inflation significantly impacts benefit costs, with increases affecting both employers and employees․ Higher premiums and out-of-pocket expenses may result, influencing budget decisions․ Careful planning during enrollment ensures selections align with financial and healthcare needs․
5․3․ Budgeting for Benefits
Budgeting for benefits involves assessing healthcare needs, estimating expenses, and allocating funds wisely․ Consider premiums, deductibles, and out-of-pocket costs․ Tools like cost calculators and decision-support resources help manage financial planning effectively during enrollment․
Mid-Year Enrollment and Special Cases
Mid-year enrollment is allowed for qualifying life events like marriage or childbirth․ Academic year enrollment applies to students, with specific deadlines and requirements for coverage changes․
6․1․ Mid-Year Enrollment Options
Mid-year enrollment options are available for employees experiencing qualifying life events, such as marriage, childbirth, or divorce․ Changes must be made within 30–60 days of the event, with proper documentation․ This period allows adjustments to benefits outside the annual enrollment window․
6․2․ Qualifying Life Events
Qualifying life events, such as marriage, divorce, childbirth, adoption, or loss of coverage, allow mid-year enrollment changes․ Employees must make changes within 30 days of the event, with required documentation․ These events provide exceptions to the annual enrollment timeline․
6․3․ Academic Year Enrollment
Academic year enrollment typically runs from September to June, with specific cut-off dates for adding or changing courses․ Tuition fees are fixed for the academic year, and universities may reserve the right to refuse enrollment based on capacity or financial constraints․ Coverage for academic-year enrollments usually aligns with the academic cycle․
Tools and Resources
Utilize Workday Benefits Platform, MyBenefits Online, and Decision Support Tools to review coverage options, compare plans, and estimate costs, ensuring informed decisions during enrollment․
7․1․ Workday Benefits Platform
The Workday Benefits Platform serves as your central hub for enrollment, offering detailed plan summaries, cost estimates, and enrollment guidance․ It provides a user-friendly interface to explore options, make comparisons, and complete your benefits elections efficiently during the annual enrollment period․
7․2․ MyBenefits Online
MyBenefits Online is a refreshed platform designed to simplify your enrollment experience․ It allows you to view your 2025 coverage options, compare plans, and access detailed cost information to make informed decisions during the annual enrollment period․
7․3․ Decision Support Tools
Decision Support Tools help you compare benefit options, estimate costs, and align choices with your needs․ These tools, available on platforms like MyBenefits Online or Workday, provide personalized recommendations, ensuring you make informed decisions during annual enrollment based on your preferences and coverage requirements․
Enrollment Process
The enrollment process involves submitting elections through the designated portal, navigating the platform, and accessing support for assistance․ Ensure accuracy to avoid post-enrollment corrections․
8․1․ How to Submit Elections
To submit elections, log in to the designated enrollment portal, review benefit options, make selections, and confirm choices․ Use decision-support tools if needed․ Ensure all elections are finalized before deadlines to avoid missing enrollment opportunities․
8․2․ Navigating the Enrollment Portal
The enrollment portal is user-friendly, with clear tabs for medical, dental, and vision plans․ Employees can compare options, view costs, and access plan summaries․ Tools like side-by-side comparisons and decision-support guides help simplify choices, ensuring a smooth and informed enrollment process․
8․3․ Assistance and Support
HR representatives and online resources are available to assist with enrollment․ Decision-support tools help compare plans and make informed choices․ These resources ensure a smooth and confident enrollment experience for all employees․
Post-Enrollment Actions
After enrolling, review your enrollment summary, update beneficiary information, and finalize coverage details to ensure accuracy and completeness for the upcoming year․
9․1․ Reviewing Enrollment Summary
After completing enrollment, carefully review your enrollment summary to ensure all selected benefits, coverage details, and dependent information are accurate․ This step ensures your choices are correctly processed and reflects your intended benefits for the upcoming year․
9․2․ Updating Beneficiary Information
Ensure your beneficiary designations for retirement, HSA, and life insurance are current․ Outdated information may lead to unintended distributions․ Review and update beneficiaries during enrollment or through your benefits portal to reflect any life changes, such as marriages, divorces, or births․
9․3․ Finalizing Coverage Details
After submitting your elections, review your enrollment summary to ensure accuracy․ Verify plan selections, coverage levels, and dependent information․ Address any discrepancies promptly to avoid gaps in coverage․ Once confirmed, your benefits will be effective as of January 1, 2025․ Save or print your confirmation for records․
Annual Enrollment is a critical event for securing benefits․ Make informed decisions to ensure a secure and healthy future for you and your dependents․ Look ahead to the next year with confidence․
10․1․ Importance of Annual Enrollment
Annual Enrollment is a crucial opportunity to review and update your benefits, ensuring they align with your current needs․ It allows you to make informed decisions about your health, financial security, and future well-being․ Missing this period may limit your ability to make changes until the next year․
10․2․ Making Informed Decisions
Making informed decisions during Annual Enrollment requires careful review of your current benefits and future needs․ Take time to understand plan changes, costs, and options․ Use available tools and resources to compare coverage and ensure your choices align with your personal and financial goals for the upcoming year․
10․3․ Looking Ahead to the Next Year
Annual Enrollment is a critical opportunity to plan for the upcoming year․ Review your benefit options, consider future needs, and anticipate changes like medical inflation․ Ensure your choices align with your personal and financial goals, setting yourself up for a secure and healthy year ahead․