July 1, 2016 – June 30, 2017 Benefits Enrollment
Loyola University Maryland's open enrollment period for the benefit year beginning July 1, 2016 closed on Friday, May 6, 2016. Please contact the benefits and wellness unit at ext.1365 and 1368 if you have questions or need assistance with your benefits.
Flexible Spending Account (FSA) Participants
All current flexible spending account participants were required to re-enroll. This is an IRS requirement and must be strictly followed. Beginning July 1, 2016, the FSA administration will move from TASC to ConnectYourCare (CYC), a leader in FSA administration. The FSA administered through CYC will offer the same tax-savings benefits along with many advanced FSA features such as 24/7 customer service, daily claims processing, a payment card, online account access and a mobile app for easy account access. Interested in learning more? Watch the FSA overview.
Online Benefits Enrollment
Please contact the benefits and wellness unit at extensions 1365 or 1368 if you need assistance with your benefits. If you have experienced a life event within the past 30 days and you would like to make a change to your benefits please sign in to Inside.Loyola. Once you are signed in select the Benefit Enrollment link listed in the Quick Links section. You will be automatically directed to your personalized benefits enrollment home page. On this page you can view your current elections, submit a change request, and view benefits information including plan summaries and premiums. Please make sure you are aware of your surroundings when accessing your information online. After you have completed your enrollment and/or viewing your personal information, always remember to log out and close all web browser windows.
Want to learn more about Health Savings Accounts? View the HSA 101 presentation.
Save money on your medical plan premiums by completing the wellness steps. Employees and their spouses insured under the medical plan can qualify for reduced medical plan premiums. You and your covered spouse must complete the following in order to qualify:
Deadlines to qualify for premium reduction
Current employees enrolling during open enrollment: Your annual physical must have been completed within the past year. The Health Screening Form must be completed by a physician and sent to CareFirst between July 1, 2016 and October 28, 2016. If you do not complete the requirements by the deadline, the “non-wellness” rates will go into effect with your first paycheck in December.
New hires: Your annual physical must have been completed within the last eight months or within 120 days of eligibility. The Health Questionnaire and Health Screening Form must be completed within 120 days of eligibility. If you do not complete the requirements by the deadline, the “non-wellness” rates will go into effect on the first of the fifth month following date of hire.
Read the Wellness Program Support Guide to assist you as you complete your wellness steps. For technical difficulties contact CareFirst Technology Support at 1-877-526-8390.
HealthyBlue HSA Participants Only
If you are enrolled in the HealthyBlue HSA medical plan you are eligible to earn a Healthy Reward. To earn your Healthy Reward you must complete the following steps:
Step 1: Select a Primary Care Physician (PCP) when you enroll in the plan.
Step 2: Log in to MyAccount and complete the Health Assessment online (members 18+). Employees without internet access can call 1-866-454-5375 to request a paper copy.
Step 3: Work with your PCP to complete the Health Screening Form and submit it to CareFirst. Log in to MyAccount and click on My HealthyBlue Rewards under Quick Links. From the qualifications tab, click Begin Evaluation and enter your results. You may also submit the form by mail or fax. See the back of the form for instructions.
After the steps are completed, CareFirst will reduce your deductible by $200 for the plan year beginning July 1, 2016. In a family, each adult can earn a $200 reward for completing the steps, while children ages 2-17 can earn $25. However, the maximum reward for a family is limited to $400 for the plan year beginning July 1, 2016.