Open Enrollment Period Closed 

The FY24 Benefits Open Enrollment period began on April 24, 2023 and ended on May 5, 2023 at 11:59 pm. The next open enrollment period will be held in late April 2024. Dates and benefits information will be communicated to eligible employees by email and LoyolaToday. 

ALEX® the Virtual Benefit Counselor & Decision Support Tool

ALEX is an easy-to-use virtual benefits counselor. Alex will walk employees through the process of choosing benefits based on their answers to questions, with easy-to-understand explanations for questions along the way. Through ALEX, employees will receive personalized, confidential benefits guidance, which can be accessed on any computer, tablet, or smartphone. Ready to meet Alex? Click here. 

Medical Plans

We continue to offer the same three medical plans through Cigna, with no changes to the current plan design. However, premiums will increase effective July 1, 2023, for most of the medical plans. As a reminder, the 5-tier rate structure that was implemented last year will continue. The 5-tier structure places premiums equitably based on the cost of insuring 2 adults vs. the cost of insuring 1 adult plus child or 1 adult plus children. This structure also allows for differing circumstances and encourages employees and their families to explore medical plan alternatives that may be most advantageous to them. 

• Health Savings Account ^Video
  High Deductible Health Plan enrollees are eligible to participate in the Health Savings Account (HSA). Employees wishing to participate must enroll in the HSA to receive Loyola's contribution of $ 500 (employee only coverage) or $ 1,000 (two-party and family coverage). Loyola's contribution will be deposited as a lump sum on July 1, 2023. 

• Wellness Program - Starts 7/1/23!
  Employees will continue to be eligible for reduced medical plan premiums by completing two (2) wellness steps between July 1, 2023 through October 31, 2023. Those who do not complete both wellness steps by Oct. 31, 2023, will not benefit from the reduced “wellness” premium rates; and the higher “non-wellness” rates will go into effect on the first paycheck of December 2023. Beginning July 1, 2023 employees must log in at www.myCigna.com and complete Wellness Step 1 (health assessment) and Wellness Step 2 (date of annual physical). Please note, to qualify for Wellness Step 2, the date of the annual physical must be between July 1, 2022 to October 31, 2023. The wellness steps must be completed in the www.myCigna.com portal. Please do not submit the wellness screening form. It will not be accepted. If there are issues please contact the benefits & wellness unit at x1365 or x1366 before the October 31st deadline. 

Flexible Spending Accounts

Employees, including current participants must actively enroll in the Health Care and/or Dependent Care Flexible Spending Accounts. If current participants do not re-enroll their FSA coverage will end on June 30, 2023. This is an IRS requirement and must be strictly followed. Current participants should contact Optum Financial at 1-800-243-5543 if they have questions or need assistance with their account. The annual election limit for the Health Care FSA increased to $ 3,050 and the Dependent Care FSA remains the same at $ 5,000. For additional information, including How-To-Videos click here. 

Other Benefits

Coverages and rates for Dental, Vision, Life, and Disability will remain the same. Plan benefits are summarized in the benefit guide here. 

* What's New! *

Cigna Voluntary Benefits

Loyola has partnered with Cigna to offer new voluntary accident, critical illness, and hospital indemnity plans to help strengthen the University's benefits package and provide additional protection for you and your family.  All benefits-eligible employees can elect coverage for themselves and/or their dependents with no medical underwriting required. 

• Accident Insurance: Receive a lump-sum payment for a covered injury and related services up to the benefit limit. Click plan summary and rates.
• Critical Illness: Provides a lump-sum payment when a covered person is diagnosed with a covered critical illness or event. Click plan summary and rates.
• Hospital Care Indemnity: Provides a lump-sum payment according to a benefit schedule when a covered person incurs a hospital stay or undergoes a broad range of medical treatments or care resulting from a covered injury or covered illness. Click plan summary and rates.

Omada Complete - Get healthy, your way!

Omada is a personalized, virtual care program that empowers you to achieve your health goals - whether that’s losing weight, gaining energy, or improving your overall health through sustainable lifestyle change.  Combining data-powered human coaching, connected devices, and curriculum tailored to your specific circumstances, the program is designed to help you build healthy patterns for life.  The Omada diabetes prevention program included with each of the Cigna medical plans will be enhanced beginning July 1, 2023.

In addition to the Omada diabetes prevention program currently in place, Omada for Hypertension and Omada for Diabetes will be available for those diagnosed with these chronic conditions and qualify for the program based on Cigna's criteria. These programs are free for eligible members enrolled in one of the Cigna medical plans. For details and enrollment instructions click here.

Specialty Medication Savings Program – SaveOnSP

The SaveOnSP program will be added to the HMO and PPO medical plans, where select specialty medications will be available at no cost.  Employees enrolled in one of the medical plans who are taking a specialty prescription through Cigna’s Home Delivery program, Accredo, will be eligible to participate in this program. Cigna will contact eligible members to assist them through the quick enrollment process and to answer questions about the program.

Symetra - New Life and Disability Insurance Carrier

Symetra will replace Principal as Loyola’s Basic Life and AD&D, Voluntary Supplemental Life, and Long-Term Disability carrier effective July 1, 2023. During open enrollment only, employees can elect up to the Voluntary Supplemental Life Guaranteed Issue (GI) amounts for both employee and dependent coverage without requiring a medical underwriting. This opportunity is available to all benefits-eligible employees, even if you waived coverage in the past. Interested employees must select the Employee Supplemental Life Insurance plan and choose one of the available amounts ($ 25,000, $ 50,000, $ 100,000, or $ 150,000) in the Benelogic Enrollment Portal. There are no other changes to benefits or plan costs. 

Educational Meetings

New Voluntary Benefits Overview and How to Maximize Your Cigna benefits. Listen to the Presentation here

TIAA - Make the move toward long term financial security: midcareer retirement check-in. Listen to the Presentation here 

A TIAA Retirement Plan Specialist is also available for One-on-One Consultations outside of the open enrollment period. To schedule a meeting contact TIAA at 1-800-732‐8353, Monday through Friday, from 9 am to 5 pm.

Ready to Enroll

Log in at Inside.Loyola, scroll down to the Resources for Employees section, click the Benefit Enrollment link, and then begin your enrollment. 

Need Assistance?

• PSA Benefits Hotline at 1-877-716-6618 or loyola@psafinancial.com 
• Cigna OneGuide at 1-888-806-5042 or Live Chat at www.myCigna.com
• Loyola Benefits & Wellness unit 1-410-617-1365, 410-617-1366, 410-617-1368

Enrollment Resources

Alex! - Let our virtual benefits counselor help you choose the right benefits

Employee Benefit Guide - Detailed benefits guide and annual premiums

FY24 Annual Employee Benefit Premiums - Annual premiums only

Summary Plan High Deductible Plan (HDHP) - Detailed summary of the covered benefits in the High Deductible Health Plan

Summary Plan OAP-IN (HMO) - Detailed summary of the covered benefits in the OAP-IN Health Plan

Summary Plan OAP (PPO) - Detailed summary of the covered benefits in the OAP Health Plan

Summary of Benefits and Coverage (SBC) HDHP - Easy to read summary of the HDHP

Summary of Benefits and Coverage (SBC) OAP (PPO) - Easy to understand summary of the OAP Plan

Summary of Benefits and Coverage (SBC) OAP-IN (HMO) - Easy to understand summary of the OAP-IN Plan

HSA 101 - Watch a presentation explaining the basics of a Health Savings Account

HSA Brochure

HSA Calculator

FSA FAQ

FSA Savings Calculator