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Open Enrollment

The FY25 Benefits Open Enrollment Period ended on April 26, 2024.  For current benefits information please visit LUMD Benefits.

Open Enrollment usually runs from late April through early May. Open enrollment is the time of year for benefits-eligible faculty, staff, and administrators to review their current benefit plans to change or update their coverages without a qualifing IRS Life Event. Once open enrollment ends, changes can only be made for new hires and those who experience a qualifying IRS Life Event.

This will be a passive Open Enrollment for medical, dental, vision, voluntary supplemental life, voluntary long-term disability buy-up, and voluntary Cigna accident, critical illness, and hospital indemnity coverage. This means that employees are not required to re-enroll during Open Enrollment. Their current benefit plans (
except the FSAs) will carry over to the new plan year beginning  July 1, 2024.

Before making their benefit elections, it's recommended that employees and their family members take time to review the Employee Benefits Guide or watch the Benefits Presentation Brainshark to become familiar with all benefit plan options.


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. Through ALEX, employees will receive personalized, confidential benefits guidance, which can be accessed on any computer, tablet, or smartphone.


We continue to offer the Cigna HDHP, OAP-IN, and OAP Plans with with no changes to the current plan design. However, premiums will increase effective July 1, 2024, for the HDHP and OAP Plans. The medical plans have a 5-tier rate structure. Premiums are equitably based on the cost of the different coverage levels. 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. Available coverage levels:

  • Employee Only
  • Employee + Spouse/LDA
  • Employee + 1 Child
  • Employee + Children (2 or more children)
  • Family (spouse/lda and child(ren)
Wellness Compliance 

Medical plan premiums are reduced for employees who complete their Wellness Steps between July 1st through October 31st every plan year. Those who do not complete their wellness steps by Oct. 31st, will not benefit from the reduced “wellness” premium; and the higher “non-wellness” premiums will go into effect on the first paycheck of December.

On July 1st employees must log in to myCigna and complete Wellness Step 1 (online health assessment) and Wellness Step 2 (record date of annual physical). Please note, to qualify for Wellness Step 2, the date of the annual physical must be between July 1, 2023 to October 31, 2024. The wellness steps must be completed in the 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.

Health Savings Account (HSA with Bank of America)

High Deductible Health Plan enrollees are eligible to participate in the 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). Employees are not required to contribute a specific amount however, they must at least indicate $ 0 to receive Loyola's contribution. Anyone who "Waives" enrollment will not be eligible for Loyola's contributions.

The IRS set an annual limit each calendar year. The 2024 annual limit is $ 4,150 for Individual coverage and $ 8,300 for Two Party and Family coverages. Payroll deductions can be changed mid-year without a qualifying life event. This is the only benefit plan that allows changes outside of the open enrollment period. Contact Optum with questions or assistance with managing the accounts.

Flexible Spending Accounts (FSA with Optum)

Employees, including current participants must actively enroll in the Health Care Flexible Spending Account (HCFSA) and/or Dependent Care Flexible Spending Account (DCFSA) every plan year. If current participants do not re-enroll their FSA coverage will end on June 30, 2024. 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.

Health Care FSA
    • New "Rollover" Provision
      • up to $ 640 of unused funds can be used if rollovered to subsequent plan year.
      • re-enrollment is required.
    • Annual election limit for the Health Care FSA increased to $ 3,200.
    • Submit claims and receipts online.
Dependent Care FSA 
    • Annual election limit remains at $ 5,000.
    • Submit claims and receipts online.
    • Participants who are enrolled in both DCFSA and CCVP cannot be reimbursed over the annual limit ($ 5,000). 
      • reimbursements exceeded $ 5,000 will be considered taxable income to the employee.

Other Benefit Plans

Dental Plans  (MetLife)
Premiums will increase for the Copay and PPO Plans. Please refer to the Employee Benefits Guide or the Benelogic Enrollment Portal for premium information.

Vision Plans  (VSP)
Premiums will remain the same. No changes to plan design.

Life and Disability  (Symetra)
Premiums for supplemental life insurance, dependent life, and long-term disability buy-up plans will remain the same. No changes to plan design. New enrollment must be approved by Symetra in order to complete the enrollment process. Complete the EOI Statement immediately after selecting the benefit plan. Approval or denial will be communicated via email from Symetra. 

Voluntary Supplemental Benefits  (Cigna)
No changes to premiums or plan design for the Accident, Critical Ilness, and Hospital Indemnity Plans.

Educational Meetings

    • Individual and group meetings are filled. Try another contact.
    • In-Person Benefits Fair – April 25th, 10 am – 1 pm (McGuire Hall East).
    • One-on-One Consultations with TIAA financial specialist contact TIAA at 1-800-732‐8353, Monday through Friday, from 9 am to 5 pm.

Ready to Enroll

Log in on Inside.Loyola, scroll down to the "Resources for Employees" section, and click Benefit Enrollment.

Need Assistance

This website provides a summary of the benefits available. The University reserves the right to modify, amend, suspend or terminate any plan at any time, and for any reason without prior notification. You will be notified of any changes to these plans and how they affect your benefits, if at all. The plans described on this website are governed by insurance contracts and plan documents, which are available for examination. We have attempted to make explanations of the plans on this website as accurate as possible. However, should there be a discrepancy between this website and the provisions of the insurance contracts or plan documents, the provisions of the insurance contracts or plan documents will govern. In addition, you should not rely on any oral descriptions of these plans, since the written descriptions in the insurance contracts and plan documents will always govern.