It’s more important than ever to make sure you have the best benefits options selected for you and your family. October is almost here, which means the MSU Benefits Open Enrollment period (October 1-31, 2020) is about to begin for benefits-eligible employees. To prevent the spread of COVID-19, we will not be having our usual in-person Benefits Fair or offering in-person assistance with our MSU HR staff. However, we will be providing virtual opportunities for you to ask questions and get assistance, including a Virtual Benefits Fair (learn more below).
Use the following checklist to help guide you through Open Enrollment and be sure to make your selections between October 1 -31, 2020.
- Double Check Your Benefits Needs
During Open Enrollment, you may enroll in, change, or cancel coverage for the following benefits:
- Flexible spending accounts (health and/or dependent care)
- Life insurance
- Some voluntary benefits, like vision, legal or critical illness insurance
Make sure you review the Open Enrollment guide carefully and choose the best benefits plans for your family. Remember, you also have access to various voluntary benefits, like vision insurance. Find Open Enrollment guides on the HR website.
- Do you cover a spouse/other eligible individual (OEI) on your benefits? Complete the Affidavit.
If you have a spouse/Other Eligible Individual (OEI) that you cover on your benefits plan, you MUST complete the affidavit online through the EBS Portal every year. Find instructions for completing the affidavit as part of Open Enrollment here.
- Review the Changes for Next Year’s Plans
Changes for the 2021 plan year include:
- Increase to the premium threshold for the spousal affidavit: If your spouse/OEI has access to health care coverage through their own current or former employer, they must purchase the coverage their own employer offers if the annual employee premium cost for single-person coverage is $1,500 or less. You may still cover your spouse/OEI on your MSU health coverage as a secondary plan.
- Increase to Benefit Level for Life and Accidental Death and Dismemberment (AD&D) Insurance: Employee-paid Life and AD&D insurance is now available at a benefit level 1-10 times your salary. Previously, it was available at a benefit level 1-8 times your salary. Learn more about these benefits in the Open Enrollment guides.
- Aetna DMO Co-Pay Increase for Orthodontics: The Aetna DMO co-pays for orthodontics have increased from $2,300 to $3,000. Only support staff are eligible to enroll in the Aetna DMO plan. Co-pays have not changed for the Aetna Premium DMO plan. Find co-pays by dental plan in the Open Enrollment guides.
- Make Your Changes Online Before October 31
If you want to make changes to your benefits selections – or you cover a spouse/OEI on your benefits plan – we encourage you to do so during the Open Enrollment window: October 1 – 31, 2020.
- Virtual Benefits Fair
In an effort to reduce the spread of COVID-19, we will not be having an in-person Benefits Fair this year. Instead, we’re offering a Virtual Benefits Fair from October 12-16, which will consist of an online source for curated content from our benefits vendors (such as videos, brochures and more), along with the opportunity for you to ask your benefits questions to MSU HR staff and/or our benefit vendors on October 15 from 11 a.m. to 7 p.m. and October 16 from 7 a.m. to 5 p.m. Visit theVirtual Benefits Fair Information page on the HR website to find the most up-to-date info about the fair.
We hope this checklist is helpful! Remember, everything you need to know about Open Enrollment is available on the HR website Open Enrollment page, including links to the appropriate benefits guide, enrollment instructions, and detailed benefits information.
Questions? We’re happy to help! Call or email the HR Solutions Center at 517-353-4434 or SolutionsCenter@hr.msu.edu.