What is Open Enrollment?
Open enrollment is your annual opportunity to add, change, or remove benefits enrollment elections for the next plan year. Elections made during open enrollment are effective on January 1st, 2023. Outside the annual open enrollment period, you may only make changes to your benefits elections within 60 days of a qualifying status change event, such as marriage, birth/adoption of a child, dependent eligibility changes, divorce, death, loss of spousal coverage, retirement, or other.
When is Open Enrollment?
The open enrollment period for 2023 benefits is Monday, November 7, 2022 – Friday, November 18, 2022.
How Can I Learn More?
View the virtual open enrollment presentation to be posted Monday, November 7 on the HR webpage. A link to the presentation will be shared through Saint Mary’s Today, as well. 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.
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.
- 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 x1508.
More information will follow shortly on 2023 Open Enrollment.
