2022 Annual Enrollment Period

Begins Friday, October 22^nd and ends Friday, November 5^th!

It’s Open Enrollment time!  This is the time each year when benefit eligible employees are encouraged to take the opportunity to re-evaluate current and future benefit needs.  Under the Affordable Care Act, this period also provides an Open Enrollment specific to group medical insurance allowing you to make changes to, or apply for, medical coverage for the next calendar year. 

Open enrollment is your annual opportunity to make changes or enroll in the following benefit plans:

• Medical
• Dental
• Vision
• Flexible Spending Accounts (Health, Limited, and Dependent Daycare)
• Health Savings Account (HSA)

Please note that Flexible Spending Accounts and Health Savings Accounts must be re-elected annually.

If you are not making changes to your current benefit elections and will not be participating in a Flexible Spending Account or a Health Savings Account in 2022, there are no actions you need take – your current benefit elections carry forward to 2022.  Employees who are not making changes are highly encouraged to review the Annual Open Enrollment changes below.

WHAT’S CHANGING IN 2022

Medical insurance premiums increase 7.9%

Our partnership with Dean Health Plan continues next year with no changes to plan designs.  The College continues to cover 75% of the monthly premium cost for eligible full-time employees, and 50% for eligible part-time employees who elect coverage with a HDHP.  Find here the 2022 Dean Health Insurance Monthly Premiums. 

• 2022 Monthly Premiums
• Click here for the application to make changes to your medical insurance including changing from buy-up plan to HDHP, changing plan design (HMO HDHP to HMO-FOCUS HDHP), add/removing dependents (EE+1 to family, or family to single coverage), or waiving health insurance for the 2022 benefit year.

Dental insurance premiums increase 4.0%

Our partnership with Delta Dental continues next year with no changes to plan designs.  The College continues to cover 50% of the monthly premium cost for eligible full-time employees, and 25% for eligible part-time employees who elect coverage with a HDHP.  Find here the 2022 Delta Dental Insurance Monthly Premiums.

• 2022 Monthly Premiums
• Click here for the application to make changes to your dental and/or vision insurance.
• NOTE: The Comprehensive Vision exam is covered under Delta Vision and not the Dean Health Plan.

Health Savings Account (HSA) contribution limits increase for 2022

The 2022 HSA employer contributions and the IRS maximum contribution are as follows:

This is a 1.4% increase from 2021 which equates to a $50 increase if you have Employee Only HDHP coverage and a $100 increase if you have employee+1 and family HDHP coverage.  The 2022 HSA Catch-Up Contribution limit for participants age 55 or older on December 31, 2022, is $1,000.  This increases the maximum employee contribution to $3,900 and $6,800 based upon coverage tier. If your spouse is covered by a HDHP and is age 55 or older, they are also eligible to make a Catch-Up Contribution, but must establish a separate HSA to which this contribution is deposited.  

The 2022 employee HSA maximum contribution is reduced by the full College contribution based on employees who are enrolled in the HDHP coverage for the full plan year. 

• Employees with an Active HSA account, please submit the following open enrollment form.
• Employees newly enrolling in HSA, please submit the following enrollment form.
• HSA elections must be completed annually.  HSA balances always carry forward into the next plan year.

As a reminder, you are eligible to participate in a HSA as defined by IRS requirements if you are:

• Covered by a High Deductible Health Plan (HDHP)

• NOT covered by a non-qualified plan (by a spouse, for example), including traditional insurance, a Full Purpose Flexible Spending Account, or a full Health Reimbursement Account 
• NOT eligible for Medicare (age 65) or if eligible for Medicare, NOT enrolled in Part A, B, or D
• NOT enrolled in Tricare
• NOT claimed as a dependent on someone else’s tax return

Health Care FSA limits

As of today, the maximum you may set aside in either a Full-Purpose or Limited Health Care FSA, remains at $2,750.  If the IRS raises this prior to December 31, 2021, employees who elect the current maximum will be invited to increase their contribution to the new 2022 maximum. 

• • Click here to be redirected to the EBC website to make changes to the Flexible Spending Account (Full-Purpose Health Care, Limited Purpose Health Care, or Dependent Care).  Click on 2022 FSA Online Enrollment Instructions for step by step instructions.  All 2022 FSA elections must be completed via EBC.
• If you currently have a Full Purpose Health Care FSA and enroll in a HDHP plan effective January 1, 2022, you must use all remaining funds in your FSA before you will be eligible for an HSA.  This means your FSA balance on December 31, 2021, must be $0.00.  If it is not, your entry into the HSA will be delayed until April 1, 2022. 

Cigna 

Cigna is allowing employees to increase their current level of elected Voluntary Life coverage for themselves, their spouse and child(ren) or to enroll in coverage up to the Guaranteed Issue Amount without having to satisfy the Insurability Requirement. If this is of interest, learn more by visiting the Cigna Benefits tab in our Benefits SharePoint Site. 

• • To enroll in Voluntary Life & AD&D, complete the following:
    • Voluntary Life and AD&D enrollment form
    • Beneficiary Designation Form - Long Version

END OF THE YEAR 2021 REMINDERS

Living Health Rewards from Dean HP

Dean Health Plan will reward you up to $150 for your healthy lifestyle per calendar year. It’s one of the many reasons Living Healthy has its rewards!  All rewards must be redeemed before December 31, 2021.

• • Click here to review the Living Healthy Information Sheet.
  • Visit deancare.com/livinghealthy to sign into your member portal.

Covered adult dependents are eligible to earn up to $100 in rewards. 

• Click here to review the Living Healthy Information Sheet.
• Visit deancare.com/livinghealthy to sign into your member portal.

Grace Period for Flexible Spending Accounts (HealthCare FSA, Limited Purpose FSA, and Dependent Care FSA)

As a reminder, the Flexible Spending Accounts (HealthCare FSA, Limited Purpose FSA, and Dependent Daycare FSA) provides a grace period of an additional 2-1/2 months after the plan year ends to spend the balance remaining in your account. The 'use-it-or-lose-it' rule still applies, but not until the end of the grace period.  Grace Period ends March 15, 2022 and all claims must be substantiated by March 31, 2022.

• Click here to review the End of the Year Claims Information

BENEFICIARIES

Have you experienced a recent qualifying life event (marriage, birth, death of a beneficiary, etc.)? Open enrollment is a good opportunity to review/make changes to your beneficiaries for:

• TIAA Retirement plan
  • Changes to your beneficiaries for your retirement plan can be made via TIAA’s website.
• CIGNA group life insurance
  • If you only have the employer paid life insurance, you can complete this Beneficiary form to update your beneficiaries.
• CIGNA voluntary benefits
  • If you have the employer paid life insurance and voluntary CIGNA benefits, complete this Beneficiary form  to update your beneficiaries.
• Spouses not named as a primary beneficiary must also sign off on the beneficiary designation form waiving their right as primary beneficiary.

• Visit the Benefits SharePoint Site for information about the many benefits available to you in the Edgewood College Benefits Program.  This is your opportunity to make changes to your benefits if you missed the opportunity to add or remove an eligible dependent after experiencing a qualifying life event (dependent gained other coverage, missed adding spouse or eligible dependent due to marriage or birth of child, need to add SDA to health/dental/vision).
• This is a reminder for all new hires beginning August 1, 2021 that there is a separate deadline for submitting their initial benefit eligible paperwork which is 30 days from their initial eligibility (example: new hires eligible for benefits 10/01/2021 must submit their new hire benefit paperwork by 10/30/2021).
• If you experience a Qualifying Life Event (QLE) such as marriage, birth, divorce, gain/loss of other coverage, age out of parent’s health plan on 12/31/2021 or prior, please contact Caroline Horswill at x2864 or chorswill@edgewood.edu to discuss your case.  As a reminder, all QLE changes must be requested within 30 days of the qualifying life event (QLE).
• If you would like to make any type of change to any of your other benefits, contact Caroline Horswill at X2864 or chorswill@edgewood.edu, who will provide further assistance. 

Reminder – Increased January 2022 premiums will be taken from payroll checks issued in December 2021. 

Questions you have about our Annual Enrollment Period should be directed to Caroline Horswill (X2864 or chorswill@edgewood.edu).