Category: Benefits News

This category is for articles and announcements related to your benefits as an MSU benefits-eligible faculty or staff member.

Don’t Wait to Create a Retirement Savings Plan

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We are committed to helping our employees prepare for a successful retirement by offering several retirement savings plan options, along with tools and resources to help you reach your goals.

Most benefit-eligible employees are enrolled in the 403(b) Base Retirement Program, which consists of a 5% employee contribution of your eligible compensation and a generous university matching contribution of 10%. That’s an immediate two-for-one match of your investment for a total contribution of 15%. While this provides a great foundation, you may want to consider additional savings options. MSU also offers two additional savings accounts: the 403(b) Supplemental Retirement Program and the 457(b) Deferred Compensation Plan. For more information about these two accounts, read Your Top Questions about MSU’s Optional Retirement Plan Options.

How to Make a Retirement Savings Plan

It’s normal to have many questions when you start to plan for your retirement:

  • How early should I start planning?
  • How much do I need to save to retire comfortably?
  • Which plan(s) should I contribute to?
  • What can I do to maximize my savings?
  • Are my retirement goals attainable?

The answers will depend on your financial situation and retirement goals. We strongly encourage all MSU employees to make an appointment with their retirement vendor – Fidelity or TIAA – to discuss their options and develop a personalized savings plan. Fidelity and TIAA are financial professionals who can provide helpful strategies, tips, and actionable steps that can help you take charge of your finances.

Additionally, both Fidelity and TIAA have numerous resources – including articles, webinars, interactive tools, and more – to help you learn about saving for retirement and other financial goals.

Don’t Wait to Save: The Power of Compounding Interest

For younger MSU employees, creating a comprehensive retirement savings plan may not be a top priority. Between student loans, rent, childcare, and more, it can be difficult to set aside money for a day 30 to 40 years in the future. But the young have a huge advantage when it comes to saving money for retirement: more time. This additional time allows them to potentially benefit the most from compounding interest, which may lead to greater savings down the road.

Compounding interest basically means allowing an investment to earn money while continually reinvesting those earnings over time. The more time you have, the smaller your original investment may need to be. In the hypothetical example below, a 25-year-old starts saving $5,000 annually ($416 per month), and a 40-year-old starts saving twice as much but waits until age 40 ($833 per month).

Compounding Interest Graph

The 25-year-old ends up contributing less money over time – $200,000 versus $250,000 – but ends up with a higher balance: $798,735 versus $566,317. In other words, the 25-year-old contributes $50,000 less but ends up with $232,000 more than the 40-year-old who waited to save. As this example shows, younger investors may benefit from saving as much as possible as soon as possible.

If your retirement date is a bit closer, you can still take advantage of compounding interest. However, you may need to increase your monthly contributions to meet your retirement savings goals. Luckily, the IRS allows people who are aged 50 years or older to contribute an additional “catch-up” amount to their retirement plans each year.

As you determine your contribution amount, please note the IRS places limits on how much employees can contribute to a retirement plan each year. To contribute a certain amount, such as $100 per paycheck, you can use the calculating tool to convert a dollar amount to a percentage.

Of course, remember that investment returns are not guaranteed and will fluctuate — in some years you may have gains, and in other years you may have losses. But over time, any investment with a net gain will benefit from compounding.

How to Change Your Contribution

While your contribution to the 403(b) Base account is fixed based on your income, you can adjust your contributions to the 403(b) Supplemental Retirement Program and/or the 457(b) Deferred Compensation Plan at any time. To do this, login to the EBS Portal with your NetID and password. Select My Benefits from the top navigation, then click on the Benefit/Retirement Enrollment and Changes tile. Select Enroll/Change my Retirement/Health Savings Account Options from the dropdown menu and click Next. On the Savings Plan screen, you’ll be able to edit your contributions to the 403(b) Supplemental and/or 457(b) Deferred Compensation accounts. Make sure you click through all the screens and hit Save to finalize the change to your contributions.

Questions? We encourage you to reach out to Fidelity (800-642-7131) or TIAA (800-732-8353) for your retirement planning questions. Visit the HR website for additional information on the retirement plans offered by MSU.

1 Please note, that the example above is a hypothetical illustration only and is not intended to represent the past or future performance of any investment. The example assumes contributions are made monthly at a 6% annual effective rate, compounded monthly, and no withdrawals. Actual performance will vary with market conditions. Investing involves risk. There is no assurance that the goals will be met or that the solution or strategy will be successful. This example was developed in partnership with TIAA.

2 Certain types of employees are excluded from participating in the 403(b) Retirement Plan. Please see the 403(b) Base Retirement Program Eligibility Chart for more details.

Five people working together at a conference table.

Fostering Excellence: Continuous Learning and Educational Assistance for MSU Support Staff

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Written by Sharri Margraves, EdD, SHRM-SCP, Director of HR Organization and Professional Development

Michigan State University stands as a beacon of educational excellence, not only for its students but also for its dedicated support staff. At the heart of MSU’s commitment to fostering a culture of growth and development is the twin approach of continuous learning and educational assistance benefits tailored for support staff.

Continuous learning is a cornerstone of personal and professional development, and MSU recognizes its transformative power. For support staff, engaging in ongoing education and using it on the job brings many benefits to the individual and helps create a dynamic and adaptable workforce that contributes significantly to the university’s success.

  • Career Development: Continuous learning helps open doors to career advancement opportunities. MSU support staff have access to many professional development opportunities, from workshops to specialized training sessions, allowing us to enhance our skills in preparation for future positions. According to Gallup, 41% of employees consider career development a very important aspect of job satisfaction.
  • Enhanced Job Performance: Staying current with industry trends and best practices is essential for optimal job performance. MSU’s commitment to continuous learning ensures that staff are equipped with the latest knowledge and skills, directly impacting their ability to excel in their roles and contribute to the university’s operational excellence. Individuals can chart their path using educational assistance or elevateU, the free on-demand source for technical and essential skill development and certification prep.
  • Increased Engagement: 70% of the variance in team engagement is determined solely by the manager, according to Gallup. Continuous learning fosters a sense of achievement and personal satisfaction with a person’s job, and while resources are always slim—supporting continuous learning is essential for supervisors. Staff who feel supported in their educational pursuits are more likely to experience higher engagement, leading to a positive work environment and a deepened commitment to MSU’s mission. Gallup finds that engaged employees have 78% less absenteeism, 63% less safety accidents, and a 10% increase in customer loyalty.
  • Adaptability to Change: Adaptability is a key attribute in the ever-evolving professional landscape. Continuous learning instills resilience and the ability to navigate change effectively. Those empowered to participate in ongoing education will be well-positioned to embrace new challenges and contribute to the university’s culture of innovation.

Educational Assistance Programs at MSU

MSU exemplifies its commitment to the educational journey of support staff through robust educational assistance programs designed to remove financial barriers to learning. Educational assistance benefits and eligibility are governed by an employee’s respective collective bargaining unit agreement. Non-union employees and Academic Specialists also have educational benefits available to them.

Educational assistance benefits are available to help achieve educational and career development goals. There are two different aspects of educational assistance: non-credit courses and credit courses.

  • Non-Credit Courses: Eligible employees can take programs offered by HR’s Organization and Professional Development or IT Services, non-credit programs, seminars, and conferences. Most staff employee groups have $800 or $900 available annually for non-credit programs. APA members can utilize this amount to pay for credit classes.
  • Credit courses: Eligible employees can take courses at MSU or a non-MSU accredited institution, provided it is located in the state of Michigan. MSU courses are eligible for and processed as a tuition waiver, while non-MSU courses are processed as a reimbursement. Institutions that are considered to be primarily online only (such as the University of Phoenix) or institutions that are not Michigan-based are ineligible.

Please review the Educational Assistance webpages and Educational Assistance Eligibility by Employee Group summary for more details about Educational Assistance programs, eligibility, and the available benefit coverage. For questions, contact the HR Solutions Center at SolutionsCenter@hr.msu.edu or 517-353-4434.

References

Gallup. (2024, November 18), “How to improve employee engagement in the workplace.” Gallup.com. https://www.gallup.com/workplace/285674/improve-employee-engagement-workplace.aspx

Juyumaya, J., Torres-Ochoa, C. and Rojas, G. (2024), “Boosting job performance: the impact of autonomy, engagement and age”, Revista de GestĂŁo, Vol. 31 No. 4, pp. 397-414. https://doi.org/10.1108/REGE-09-2023-0108

Tips and Benefits Resources for Heart Health

Published on by Abigail MillerLeave a comment

According to the Centers for Disease Control (CDC), heart disease is the leading cause of death in the United States. Cardiovascular disease, which refers to several conditions including coronary artery disease (CAD), heart attack, stroke, heart failure, arrhythmia, and heart valve problems, results in one death every 33 seconds (CDC, 2024). 

It’s important to note that cardiovascular disease is no longer something people only have to worry about as they get older. The CDC states, “In 2022, about 1 out of every 5 deaths from cardiovascular diseases (CVDs) was among adults younger than 65 years old” (CDC, 2024).

The good news is cardiovascular disease is largely preventable by living a healthy lifestyle. The following tips and MSU benefit resources will help keep you and your family healthy: 

  • Know Your Numbers: Take charge of your health by knowing your blood pressure, cholesterol, and blood sugar levels and take steps to improve them if needed.
    • Schedule your annual wellness check-up. Many miss their annual check-up because they forget or don’t prioritize them. It’s important to schedule your yearly visit so your doctor can check these numbers and other important health metrics. If you’re enrolled in an MSU health plan, you can learn more about your plan and find links to find a provider on the HR website. 
    • Use Livongo by Teladoc Health for Diabetes Management.  Livongo is a diabetes management program that provides unlimited test strips, connected meter, optional coaching, online records, and more – all FREE for MSU employees and their eligible dependents who are enrolled in an MSU health plan. Learn more about Livongo and how to sign up. 
  • Support Your Mental Health: According to the American Heart Association, “Increasing evidence shows that biological and chemical factors that trigger mental health issues may also influence heart disease” (AHA, 2023). These chemical changes can predispose people to other health issues, such as cardiovascular disease. Utilize these resources to support your mental health:
  • Evaluate Your Diet: Eating foods high in salt, sugar, saturated, and/or trans fats can cause high blood pressure, cholesterol, and blood sugar, which may increase your risk of developing cardiovascular disease.
    • Eat a Plant-Forward (Plant-Based) Diet. Make sure the majority of your calories come from fruits, vegetables, legumes, and nuts/seeds (American Heart Association, 2025). If you must eat dairy and/or meat, look for low-fat, lean, and unprocessed options. The AHA recommends a list of the best plant-based sources of protein and offers insight into protein and heart health. 
    • Beware Unexpected Sources of Sodium. The top ten sources of sodium in the American diet include some unexpected items, including bread, sandwiches, cold cuts, pizza, rice, and soups (CDC, 2024). 
    • Food and Nutrition Counseling for MSU Employees. MSU University Health and Wellbeing offers one-on-one counseling and additional resources  to promote a non-diet approach that uses an eating competence model and a weight-inclusive approach to support health. 
  • Get Regular Physical Activity: The American Heart Association recommends at least 150 minutes of moderate-intensity aerobic activity each week – that’s just 30 minutes a day, 5 days a week.
  • Quit Smoking. Smoking harms almost every part of the body, including your heart (AHA, 2023). It’s never too late to quit and there are both short- and long-term benefits to giving up smoking.

Sources: 

American Heart Association (2022, May 6). Smoking both traditional and e-cigarettes may carry same heart risks as Cigarettes alone. Retrieved February 12, 2024, from https://www.heart.org/en/news/2022/05/06/smoking-both-traditional-and-e-cigarettes-may-carry-same-heart-risks-as-cigarettes-alone

American Heart Association (2023, December 20). How does plant-forward (plant-based) eating benefit your health? Retrieved February 12, 2024, from https://www.heart.org/en/healthy-living/healthy-eating/eat-smart/nutrition-basics/how-does-plant-forward-eating-benefit-your-health

American Heart Association (2024, January 10). What is cardiovascular disease? Retrieved February 12, 2024, from https://www.heart.org/en/health-topics/consumer-healthcare/what-is-cardiovascular-disease

American Heart Association (2024, January 19). American Heart Association recommendations for physical activity in adults and kids. Retrieved February 12, 2024, from https://www.heart.org/en/healthy-living/fitness/fitness-basics/aha-recs-for-physical-activity-in-adults

American Heart Association. (n.d.). How can I quit smoking? Retrieved February 12, 2024, from https://www.heart.org/-/media/files/health-topics/answers-by-heart/how-can-i-quit-smoking.pdf

CDC. “About Sodium and Health.” Centers for Disease Control and Prevention, Centers for Disease Control and Prevention, Accessed 27 Jan. 2025 www.cdc.gov/salt/about/index.html

CDC. “Heart Disease Facts.” Centers for Disease Control and Prevention, Centers for Disease Control and Prevention, Accessed 27 Jan. 2025, www.cdc.gov/heart-disease/data-research/facts-stats/index.html

Centers for Disease Control and Prevention. (2023, June 6). About Sodium. Centers for Disease Control and Prevention. Retrieved February 12, 2024, from https://www.cdc.gov/salt/food.htm

Centers for Disease Control and Prevention. (2023, May 15). Heart disease facts. Centers for Disease Control and Prevention. Retrieved February 12, 2024, from https://www.cdc.gov/heartdisease/facts.htm

Michigan State University. “Functional Movement Screening.” Functional Movement Screening | Health Promotion & Engagement | Michigan State University, Accessed 27 Jan. 2025. healthpromotion.msu.edu/fitness/functionalmovement/index.html

Michigan State University. “Bike Commuter Resources.” MSU Bikes Blog, 8 Nov. 2024, msubikes.wordpress.com/commuter-benefits/

Michigan State University. “Cessation Resources.” Cessation | Tobacco & Smoke Free MSU | Michigan State University, Accessed 27 Jan. 2025, tobaccofree.msu.edu/cessation/index.html

Michigan State University. “Comprehensive Fitness Assessment.” Comprehensive Fitness Assessment | Health Promotion & Engagement | Michigan State University, healthpromotion.msu.edu/fitness/assessment/index.html. Accessed 27 Jan. 2025. https://healthpromotion.msu.edu/fitness/assessment/index.html

Michigan State University. “Spartan Wellness Training.” Spartan Wellness Training | Recreational Sports and Fitness Services | Michigan State University, Accessed 27 Jan. 2025.

https://recsports.msu.edu/fitness/wellness.htmlMSU Human Resources. “Happy World Mental Health Day!” SourceLive, 10 October 2024, https://sourcelive.hr.msu.edu/?p=18488

Q&A: Vacation/Personal Paid Time Off (PTO)

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Do you have a plan for using your vacation/personal paid time off (PTO) this year? According to this  Forbes article, “American workers are notorious for being workaholics. Since March of 2020, an overwhelming majority of U.S. employees have shortened, postponed, or canceled their vacation time.” While most of us are aware that time away from work is crucial to maintaining mental health and supporting our relationships, we sometimes have a hard time truly disconnecting. 

While it may seem harmless to check in a couple of times while you’re away, to really benefit from a vacation you need to disconnect entirely. Review these tips for setting boundaries so you can get adequate rest and reset. Having a plan for setting boundaries with your team before, during, and after your vacation will help reduce pre- and post-vacation stress. 

We encourage everyone to work with their supervisor to schedule a well-deserved break. And don’t forget, employee discounts for travel are available through MSU Benefits Plus and the HR website. 

Your Top PTO Questions 

The following are the most common questions HR receives regarding PTO and answers vary based on the employee’s personal details. These answers are only applicable to regular, benefit-eligible employees working half-time or more. Please make sure to reference the appropriate policy page for further details: support staff, faculty and academic staff, librarians, and MSU extension. 

  1. Support Staff Only: How do I find out how much PTO I currently have?

    Log into the EBS Portal and select My Time & Payroll from the top navigation, then select the Time Quota Balances tile. For support using the application, please review the Time Quota Balances help page. 

  2.  Support Staff Only: How do I find out how much PTO I have used?

    Log into the EBS Portal and select My Time & Payroll from the top navigation, then select the Time Quota Usage Monthly Report tile. For support using the application, please review the Time Quota Usage Monthly help page. 

  3. Support Staff Only: How do I accrue vacation days? 

    Eligible support staff accrue vacation days monthly. The amount accrued depends on union affiliation, employment percentage, and length of employment. Please review the support staff vacation time policy page for more details. 

  4. Support Staff Only: Is there a maximum amount of vacation PTO I can accrue? 

    Yes. The maximum amount eligible support staff can accrue depends on union affiliation, employment percentage, and length of employment. Please review the support staff vacation time policy page for more details. Support staff cannot earn vacation time beyond the accrual limit. You are encouraged to use your PTO so you don’t lose out on valuable vacation time.

  5.  Support Staff Only: How do I enter my PTO in EBS for supervisor approval?

    Login to the EBS Portal and select My Time & Payroll from the top navigation, then select the Time Entries & Statement tile. Enter the number of hours in the cell for the correct date in the row with the appropriate absence type. For support using the application, please review the Time Entries and Statement help page. 

  6. What is the difference between personal leave, personal observance days, and vacation PTO? 

    Eligible support staff are granted both personal leave and vacation PTO. Eligible faculty and academic staff are granted vacation PTO.  

    For support staff, up to 24 hours of personal leave PTO is granted each fiscal year (July 1 – June 30). The amount granted is proportional to the employment percentage. You may not carry these hours over to the next year, so make sure you use this PTO before the fiscal year ends. Please review the support staff personal leave policy page for more details. Please note: POAM employees should review the POAM union contract for their unique personal leave policy. 

    Vacation PTO is granted to eligible employees and varies based on employee type, union affiliation, employment percentage, length of employment, and new hire status. Please review the appropriate policy for further details: support staff, faculty and academic staff, librarians, and MSU extension. 

    Personal Observance Days are two additional days (16 hours, prorated based on the start date and percent time) of personal time that eligible faculty, support, and academic staff employees will be able to use each calendar year. As of January 2024, employees will be able to use the two additional days of personal time between January 1 and December 31. Please refer to the Personal Observance FAQ page for further details. 

  7. I’m a new employee. Do I have immediate access to my vacation PTO? 

    This depends on your employee type. Eligible faculty, academic, and support staff have access to vacation PTO after 6 months of service. Eligible librarians and MSU Extension employees have access immediately upon employment. Please review the appropriate policy for further details: support staff, faculty and academic staff, librarians, and MSU extension. 

  8. What happens to my unused PTO if I leave the university – such as through retirement or termination?

    Employees will receive payment for unused vacation and personal PTO when they leave the university.

  9. How much vacation time can I use at once? 

    It is up to each department to determine what is an appropriate amount of vacation time to be taken at once. Departments should make sure to consistently approve vacation requests fairly.  

  10. For Time Entry Roles Only: What are the absence and attendance codes? 

    Please review the Absence and Attendance Codes page for specific employee groups for more information. 


    Resources

    More information about PTO for eligible employees can be found on the HR website (support staff and faculty/academic staff). We encourage you to review the appropriate policy pages thoroughly to help answer any questions you may have. Support staff may contact the HR Solutions Center at SolutionsCenter@hr.msu.edu or 517-353-4434 with questions. Questions from faculty and academic staff may be directed to FASAffairs@msu.edu.

Your Benefits: New Year Checklist

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For benefits-eligible employees, the start of a new year is a great time to review all the MSU benefit options available to make sure you’re fully utilizing them throughout the year. The following list of tips and resources to consider will help you get the most out of your employee benefits:  

  1. Schedule Wellness Check-ups: If you’re enrolled in an MSU health, dental, and/or vision plan, you’ve just entered a new plan year. Even though an annual check-up is usually recommended by doctors, many people miss out each year because they forget to schedule an appointment. Set your family up for success by scheduling any annual or wellness check-ups now.  
  2. Prepare for Illness: Teladoc is an online medical care service that gives you 24/7 access to a health care professional via web, phone, or mobile app in minutes. A doctor can even write you a prescription if necessary. Enroll in Teladoc now so you’re prepared when illness strikes.  Available to employees and their dependents that are enrolled in an MSU health plan.  
  3. Review Retirement Contributions: The IRS sets new retirement contribution limits each year. Make sure you’re saving as much as you can by reviewing the 2025 IRS retirement contribution limits and adjusting contributions if needed.  
  4. Note Flexible Spending Account (FSA) Deadlines: If you’re enrolled in an FSA for the 2024 and/or 2025 plan year, please note important deadlines and resources for utilizing your FSA funds.  
  5. Use Educational Assistance Funds: Support staff and academic specialist employees have access to educational assistance funds to use towards professional development opportunities. These funds reset each fall, so make sure you don’t miss out. If you’re looking for learning opportunities, we recommend checking out courses offered by HR’s Organization and Professional Development department.  
  6. Note Mental Health Resources: The MSU community offers a variety of mental health resources to employees and their dependents.  
  7. Schedule Vacation/Personal PTO: Taking time to rest and reset is important to maintain mental health. Make sure you’re using all your PTO by planning out and scheduling your time off in advance.  
  8. Employee Discounts: Visit the MSU Benefits Plus website for deals and discounts on everything from travel and experiences to electronics and toys. Additional discounts can be found on the MSU Human Resources website.  
  9. Voluntary Benefit Options: You may enroll in, change, or cancel auto, home, and pet insurance benefits at any time through the MSU Benefits Plus website.  Legal, critical illness, and vision insurance only allow benefit changes during Open Enrollment in October.  
  10. Register for a Free Diabetes Management Program: If you or a dependent are living with diabetes, Livongo by Teladoc Health can help by providing free necessary medical supplies and optional coaching.  Employees or dependents enrolled in Medicare are not eligible.  
  11. Get a Second Medical Opinion: If you are facing a serious medical diagnosis, Teladoc Medical Experts can review your case and offer a second medical opinion from leading health care specialists. Coaching and online educational tools are also available.  Employees with mandated insurance under the ACA are not eligible.  

We hope this list will help keep you on track as you plan out how you and your family will use your employee benefits this year. You can learn more about all these benefit options on the HR website. 

Employee Discounts to Support Your 2025 Goals

Published on by Abigail MillerLeave a comment

Another new year means new resolutions, and MSU Benefits Plus wants to make those goals and tasks more achievable than ever. Below, you can learn more about these exclusive health, wellness, and other helpful discounts for MSU employees and start your journey to a happy new year today! 

To access these discounts and more, login to MSU Benefits Plus today. If you haven’t used MSU Benefits Plus previously, register using your employee email address and set up an account.  

Health & Wellness 

  • Mindfulness App – Reduce stress, calm anxiety, and sleep better with the Mindfulness.com app. Use code for 40% off: EASEANXIETY.  
  • Active and Fit Direct – For just $28/month you can find your perfect gym from 12,700+ options nationwide, including 24 Hour Fitness®,  EĹŤS Fitness®, Crunch Fitness®, Anytime Fitness®, and more. Use code: FITNESSFIRST. 
  • Home Chef – 50% off your first four boxes. Use code: CS50. 
  • Nutribullet – Enjoy 21% off sitewide on NutriBullet.com! Use code: CORENB2025. 

Travel 

  • AVIS Care Rental – You can save up to 35% off your next car rental when you provide your Avis Worldwide Discount Number! Use code: X199700. 
  • Great Wolf Lodge – Save up to 30% year-round. Use code: CORESTREAM. 
  • Going – Going helps over 2 million members travel the world. We monitor thousands of flights so you can save an average of $550 on tickets. Save 50% off your first year of premium membership. Use code: CORE50. 

Education 

  • Rosetta Stone – Get a lifetime subscription with unlimited languages for $149 with no renewal fee (normally $299). 
  • Blinkist – Get 45% off Blinkist Annual Subscription. Use code: CORESTREAM45. 

Tech 

  • Apple – Get preferred pricing on iPhones, iMacs and more. 
  • Dell – Get the best pricing available on all Dell PCs, electronics, and accessories. 

The HR website also offers other deals you can find on-campus through the MSU Tech Store, MSU Bakers, and the Kellogg Hotel & Conference Center, among others. You can check out some of those deals through the MSU HR Website. For more information on discounts from MSU Benefits Plus, visit the MSU Benefits Plus website. If you have any questions about the discounts, please contact MSU Benefits Plus via email at msubenefitsplus@corestream.com or by phone at 888-758-7575. 

Did You Sign Up for an FSA for 2025? Find Tips and Resources to Get Started.

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Welcome to 2025 and your flexible spending account (FSA) funds! If you signed up for a 2025 FSA during Open Enrollment last October, you’re on your way to saving money on out-of-pocket medical and/or dependent care expenses. MSU’s FSA plan administrator is HealthEquity/WageWorks. If this is your first time participating in an FSA, make sure you register for your online HealthEquity/WageWorks account.

If you have a Dependent Care FSA, you can use pre-tax dollars to pay for eligible dependent care services, such as child or adult daycare, preschool, and before/after school programs. Find a complete list of eligible dependent care expenses here.

If you have a Health Care FSA, you can purchase various products and services with pre-tax dollars – which means it’s like a 30% off sale on eligible expenses. 1Find a complete list of eligible health care expenses here. Some items2 you may not know about include:

  • Allergy medication
  • Anti-bacterial hand sanitizer
  • Bandages
  • Braces
  • Breastfeeding classes
  • Cough syrup
  • Eyeglasses
  • Feminine Care Products
  • First-aid kits
  • Hearing aids
  • Humidifier/air filter
  • Pain relievers
  • Pregnancy tests
  • Prescriptions
  • Smoking cessation drugs
  • Sunscreen
  • Thermometer

To make shopping for eligible health care FSA expenses easier, visit the online FSA Store for the largest selection of guaranteed FSA-eligible products.

Managing Your FSA Account

Managing your HealthEquity/WageWorks account is quick and easy with the EZ Receipts App. You’ll love the convenience of submitting claims, uploading receipts, and checking account balances directly from your phone.

What if I still have funds left over from my 2024 FSA?

Not to worry – if you still have funds left over from your 2024 FSA, you have until March 15, 2025, to use these funds and until April 30, 2025, to submit receipts to substantiate these claims.

How Do I Sign Up for an FSA?

Benefits-eligible employees are eligible to enroll in an FSA during Open Enrollment in October each year or if they experience a qualifying life event.

Questions? For more detailed information contact HealthEquity customer service directly at 877-924-3967 or visit the HealthEquity/WageWorks website.

1 Assumes a combined tax rate of 30%, including FICA, state, and federal income taxes. Actual amounts may vary.

2 Some items may require a doctor’s prescription or other documentation from your doctor. Please see your account details for more information.

Retirement Planning: 2025 IRS Retirement Plan Contribution Limits 

Published on by Megan MacGregor1 Comment

Whether your retirement is on the horizon or a faraway goal, it’s important that you continue to monitor and adjust how much you’re saving if you want to have a comfortable retirement. The IRS places limits on how much employees can contribute to a retirement plan each year and recently announced the retirement plan limits for 2025: 

  • The annual employee contribution amount increased from $23,000 to $23,500 for 403(b) and 457(b) plans. 
  • The age 50 catch-up contribution amount remains the same at $7,500 for 403(b) and 457(b) plans. 

If you want to save as much as possible for your retirement, a tool in the EBS Portal called the Max Savings Contributions Calculator is available to assist you. This tool automatically displays the remaining amount of retirement contributions you have available before reaching one of the limits, and the equivalent percentage of your pay to help you spread that out for the year. 

To access this tool: 

  1. Login to the EBS Portal with your MSU NetID and password. 
  1. Click the My Benefits tab at the top. 
  1. Click the Benefit/Retirement tile. 
  1. Select Enroll/Change my Retirement/Health Savings Account Options in the drop-down menu and then click Next in the bottom right. 
  1. Navigate in the bar graph to the Savings Plans screen by clicking Next in the bottom right. 
  1. The Max Savings Contributions Calculator screen will display. This display will automatically show the remaining amount of retirement contributions you have available (if any) before reaching the IRS limit. 
  1. You can adjust the percentage of your contributions to any retirement plans you participate in by clicking on the pencil icon, and then choosing Select to make the change. 
  1. If you want to enroll in a new plan, begin by clicking on the paper icon next to the plan and vendor of your choosing, and then enter the percentage of your new contribution and choose Select to enroll. 
  1. Make sure to click on Save in the bottom right to complete and save any changes/enrollments. 

If you are an academic year faculty or academic staff employee, or a Voluntary 403(b) Base participant aged 50 and over, contact the HR Solutions Center at 517-353-4434 or SolutionsCenter@hr.msu.edu for further assistance in calculating your maximum contribution percentage. 

Learn More About MSU’s Retirement Plans 

The following articles contain more detailed information about MSU’s retirement plan options and preparing for retirement: 

The  HR website  also contains a wealth of information about the different types of retirement plans offered, retirement investment vendors, and planning tools available. 

2024 NDEAM poster shows a road leading to round photos of diverse disabled workers in various workplaces. Says “Access to Good Jobs for All, National Disability Employment Awareness Month, #NDEAM and dol.gov/odep."

Celebrating National Disability Employment Awareness Month

Published on by MSU Human ResourcesLeave a comment

October is National Disability Employment Awareness Month (NDEAM), which raises awareness around disability employment issues and celebrates the many contributions of workers with disabilities. This year’s official theme is “Access to Good Jobs for All.” Every day, people with disabilities can and do add value to America’s workplaces and economy. Each October during NDEAM, we reaffirm our commitment to ensuring all Americans—including Americans with disabilities—can put their skills and talents to work.

We all play an important part in fostering a more inclusive workforce where every person is recognized for their abilities – every day of every month. Although many impacts are not physically visible, it doesn’t mean they do not exist.

MSU is a leader in cultivating a diverse and inclusive environment, and we are constantly striving to improve our efforts to meet the needs of persons with disabilities by being more flexible, understanding, inclusive and supportive of those with different abilities. In observance of NDEAM, we put together this helpful list of resources for awareness of employee disability workplace accommodations.

Resources for Employee Disability Workplace Accommodation Awareness

Discounted Hearing Aids

Did you know you have access to discounts on hearing aids? MSU employees and retirees may qualify for discounted hearing aids through partnerships between some MSU benefit providers and TruHearing®. Additional funding can also be provided by our partner organization Michigan Rehabilitation Services. For more information please contact Aaron Pena, Workplace Accommodations Specialist.

Assistive Technology

Technology can be a great resource for employees to address the impacts of their disability. Some resources are free at MSU without having to complete the registration process (e.g., screen reader software that reads text aloud)! See the full range of resources at the Resource Center for Persons with Disabilities (RCPD) Assistive Technology page.

Mental Health Resources

Through University Health and Wellbeing, MSU offers many services, programs and resources to help faculty, staff and their families thrive. This includes the Employee Assistance Program, providing no-cost confidential counseling services to MSU faculty, staff, retirees, graduate assistants and their families. Services include short-term counseling, couples counseling, emotional wellness, short-term trauma services and stress reduction services. Learn more from University Health and Wellbeing.

If you are interested in requesting disability workplace accommodations at MSU, begin the process by registering with the Resource Center for Persons with Disabilities (RCPD).

All medical records and diagnoses are kept confidential from supervisors and units. Undergraduate and graduate employees can also qualify for workplace accommodations. If you need more information or help going through the process, please contact Workplace Accommodations Specialist, Aaron Pena at penaaaro@hr.msu.edu.

For more information on National Disability Employment Awareness Month please visit the Office of Disability Employment Policy’s website.