July 1, 2018 – June 30, 2019 Benefits Enrollment
The open enrollment period for the benefit year beginning July 1, 2018 will begin on Monday, April 30, 2018 at 8:30 a.m. and end on Friday, May 11, 2017 at 11:59 p.m. Open Enrollment is an important time to review your current benefits, assess your coverage needs, and make benefit plan elections for both you and your dependents. This will be a passive Open Enrollment for most benefits, including the Cigna medical plans. This means that your current coverage will carry over to July 1, 2018 unless you actively make a change to your elections.
You must actively enroll if you plan to participate in the Health Care and/or Dependent Care Flexible Spending Accounts (FSA). Your current FSA coverage will end on June 30, 2018. If you wish to have FSA coverage in the new plan year, you must enroll or re-enroll in the plans. Please contact the benefits hotline at 1-877-716-6618 if you have questions or need assistance. Beginning July 1, 2018 the annual election limit for the Health Care FSA is $2,650 and Dependent Care FSA is $5,000. For more information view the FSA Guide Book located below in the Enrollment Resources section.
We are excited to share that there will be no change to current payroll deductions for the medical, dental, and vision plans. As a reminder, make sure you complete the wellness steps to save money on your medical premiums in FY19.
For those enrolled in voluntary life and long term disability buy-up, employee costs are changing for FY19. Cost information can be reviewed in the Summary of Employee Benefits guide located below in the Enrollment Resources section.
The benefit elections you choose (or maintain) during this Open Enrollment period will be effective July 1, 2018 and will remain in effect through June 30, 2019 unless you experience a qualifying change-in-status event — so it is important that you take this time to carefully evaluate your coverage options and make the right decisions for you and your family.
Due to the change in medical carrier, and to help you make more informed decisions on all of your benefit options the following enrollment resources are available.
New Online Tool – Meet ALEX®
ALEX is an easy-to-use online tool that will help you get the RIGHT amount of coverage for your needs. ALEX will ask you a few questions about your health care needs (your answers remain anonymous, of course), crunch some numbers, and recommend a plan that’s best for your personal needs. It’s that easy! Ready to Meet ALEX? Go to https://www.myalex.com/LoyolaUniversityMaryland/2018 to get started.
Cigna Transition and Support
Call Cigna OneGuide at 1-888-806-5042 for personalized guidance, support, help confirming your providers are in the OAP network, transitioning 90-day maintenance prescriptions, evaluating the medical plans, setting up mobile access, and much more.
Principal Life and Disability Transition
Beginning July 1, 2018, MetLife will no longer be our life and disability carrier, though they will continue to be our dental carrier. The new life and disability carrier will be Principal. There will be no change in benefits offered. Your current coverage and beneficiary information will carry over to July 1, 2018 unless you actively make a change to your elections. Basic life/AD&D and long-term disability benefits will continue to be paid for by the University at no cost to employees. Supplemental life/AD&D and the buy-up long-term disability benefits will continue to be offered with no benefit changes, but the costs will change slightly in FY19. Please see the Summary of Employee Benefits guide for cost information.
Health Savings Account
Want to learn more about Health Savings Accounts but can’t attend a group session or 1 on 1 session? For more information view the HSA Pre-Enrollment Brochure and HSA FAQ located below in the Enrollment Resources section.
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:
Health Questionnaire on the MyCigna website at www.myCigna.com
Annual Physical exam with completed Wellness Screening Form (located below in the Enrollment Resources section)
Deadlines to qualify for premium reduction:
Current employees enrolling during open enrollment: Your annual physical must have been completed within the past year. The Wellness Screening Form must be completed by a physician. Between July 1, 2018 and October 31, 2018 enter your results on www.myCigna.com. If you do not complete the requirements by the close of business on October 31, 2018 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 Wellness 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.
Ready to Enroll
Login to Inside.Loyola and select the Benefit Enrollment link located in the Quick Links section. You will be automatically directed to your personalized Benelogic benefits enrollment home page. On this page you can view your current elections, view benefits information including plan summaries and premiums and enroll in benefits. 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. Please contact the benefits and wellness office at extensions 1365 or 1368 if you need assistance with your benefits.
Questions or assistance?
If you have questions or need assistance, contact the PSA Benefits Hotline at 1-877-716-6618 or email Loyola@psafinancial.com. The Loyola Benefits & Wellness unit can be reached at ext. 1365 and 1368.