Open enrollment is the time of year when eligible faculty and staff can enroll in or make changes to health benefits without having a qualifying event, such as marriage or birth, and enroll in flexible spending accounts. If you missed your opportunity to elect or change benefits, open enrollment is the time for you! Changes made during open enrollment become effective January 1, 2016.
What’s New for 2016?
- Health care flexible spending account limit increases to $2,550.
- Diabetic supplies are covered under the medical and prescription plan.
- In-Vitro fertilization is covered for both opposite and same sex spouses.
- Other child relative (grandchildren, step-grandchildren, legal wards, and other) will be covered to the end of the month in which they turn age 25.
- Long-term care insurance will no longer be offered through the program after the 2016 plan year. If you are currently enrolled in long-term care with Prudential, contact them at 1-855-778-5821 to convert your policy to a direct-billed account effective January 1, 2017.
- New Wellness Program activities.
- Minimal increase to some of the rates.
- Consult the 2016 Benefits Guide for more details.
Visit www.towson.edu/openenrollment or www.dbm.maryland.gov/benefits for more information and be sure to read T3 throughout the open enrollment period.
