Reminder: Open Enrollment is effective November 8th – 19th
- Annual open enrollment is active from Nov 8th – 19th. This event provides employees the ability to make changes to their current elections (such as add coverage, drop coverage, or choosing a different medical plan or tier for example). All submitted changes will take effect January 1st.
- Watch the 2022 Benefit Presentation and/or review the 2022 Benefit Guide to learn more on the upcoming benefit changes.
- To enroll in a new benefit, re-enroll in your FSA accounts, or make a change to your benefit elections you will be required to re-enroll in all of your benefits. You can do so by logging in to the faculty/staff portal > click My Payroll in the drop down menu, click the benefits tab in Greenshades, and the blue open enrollment button. These additions or changes will need to be submitted no later than Nov 19th. Lastly, all plans are stand alone benefits (meaning you are not required to enroll in one particular benefit in order to enroll in another.)
New Development: 2022 Health FSA Contribution Cap Rises to $2,850
On November 10th, the IRS announced next year the annual contribution limit on FSA accounts (health and limited) rises to $2,850, up from $2,750 in 2021. In addition, the maximum carryout amount rises to $570, up from $550 in 2021.
If you have questions or need assistance please send emails to hr@smumn.edu or contact Ashley Clark (8706) in Winona or Lisa Hull (5202) in Minneapolis.
