What is Open Enrollment?
Open enrollment is your annual opportunity to add, change, or remove benefit enrollment elections for the next plan year. Elections made during open enrollment are effective on January 1, 2023. Outside the annual open enrollment period, you may only make changes to your benefits elections within 30 days of a qualifying status change event, such as marriage, birth/adoption of a child, dependent eligibility changes, divorce, death, loss of other coverage, retirement, or other.
When is Open Enrollment?
The open enrollment period for 2023 benefits is Monday, November 7, 2022 – Friday, November 18, 2022. All elections made during this period take effect on January 1, 2023.
How Can I Learn More?
View the virtual open enrollment presentation on the HR webpage. The presentation will begin with quick instructions on how to re-enroll for 2023, followed by a more extensive overview of each of our benefit plans. The 2023 Benefit Guide is posted on the HR webpage and has detailed information for all benefit options.
What if I want to keep my benefits the same?
No enrollment action is required if you want to continue with the same benefits in 2023 with the exception of flexible spending accounts. Flexible spending enrollment is required annually. All other benefits will continue automatically for 2023.
How do I view my benefits or make changes to benefits during open enrollment?
Log into the Faculty/Staff Portal, click My Payroll, click on the Benefits tab. You can review your current benefits on the main screen. When you are ready to make changes, click the blue open enrollment button on the right side of your screen.
Open Enrollment Key Takeaways for 2023
- No increase to employee premiums for medical, dental or vision benefits.
- No change to benefit plan designs, deductibles, co-insurance, or out of pocket maximums.
- Increased maximums for health savings account (HSA) contributions.
- Increased contribution limits for health flexible spending accounts (FSAs) and rollovers.
- Decreased premium for accidental injury insurance.
- Convenient online enrollment through the Faculty/Staff Portal.
What If I Have More Questions?
If you have more questions after viewing the presentation, feel free to contact us at hr@smumn.edu or by phone at ext. 1508.
