Understanding Your 2013 Costs (November 2012)
Some important changes are occurring this year, and it’s important that you understand how they affect your health care costs before making your enrollment decisions.
1. You will not receive benefit dollars this year. Although you will not receive funds directly, some of the cost savings from this will be used to mitigate increases in your health insurance premiums. Note: You will continue to receive a medical waiver credit if you decline medical coverage through the university. The medical waiver credit is $800 if your salary is $40,000 or less and $500 if your salary is more than $40,000.
2. There are new salary based health insurance premiums for the CareFirst BlueCross BlueShield Medical Plan and the EHP Medical plan. This change was made in an attempt to coordinate premium with income and make it more affordable for employees with lower income.
3. There are new, more affordable coverage levels for single parent families.
Please see the myChoices website for additional information about the changes for 2013. More...
Get Ready for 2013 Annual Enrollment (November 2012)
Now is a good time to take a fresh look at your benefit options by:
• Exploring the myChoices tab on the Benefits website, finding out what’s new and checking out the new resources;
• Comparing the features and pricing of your medical plans and other benefit choices; and
• Choosing the benefits that are best for you and your family during enrollment between October 19th and November 12th.
Click “More” for a quick overview of your resources to explore, compare, and choose your 2013 benefits. More...
Introducing the New Health Care Premium Net Impact, Online Modeling and Decision Support Tools (October 2012)
Now is a good time to evaluate your current medical coverage and confirm that it continues to meet your and your family’s needs. To help you make the right benefit decisions, we are offering three new online tools for 2013: the Health Care Premium Net Impact Tool, the Medical Plan Cost Estimator Tool (MPCE) and Medical Plan Coverage Comparison Tool (MPCC). You can use these tools as a three-step process to help you understand how the changes compare your premiums from 2012 to 2013, estimate the approximate cost of your coverage under each plan (including how much you should contribute to a Health Care Flexible Spending Account) and compare the features of your three medical plan choices. More...