Open enrollment for 2018 benefits going on now!
Michigan Medicine faculty and staff may change their benefits for 2018 during open enrollment, which begins today and runs through 5 p.m. on Friday, Nov. 3.
Eligible individuals may change their health plan, choose a different dental plan option and change their enrollment in the vision plan or legal services plan. Faculty and staff may also enroll in a Flexible Spending Account (FSA) by logging into Wolverine Access during this timeframe. Changes and new rates take effect Jan. 1, 2018.
Benefit changes for 2018 include the elimination of the Health Alliance Plan (HAP) health plan and an increase in the health care FSA annual limit to $2,600.
Take the time now to review your dependent coverage in anticipation of life events coming up in the next year. For example, if you have a young child who may go to the dentist for the first time in 2018, you would need add your child to your dental plan during open enrollment. If you plan to retire in 2018, you should add eligible dependents to your benefits during open enrollment if you want to continue coverage for them under your U-M benefits in your retirement.
The U-M open enrollment website lists rates for 2018 and provides a digital book that you may download to learn more about the open enrollment process. All benefit changes and new rates will take effect on Jan. 1 and continue through the end of 2018.
If you like your current benefits, you don’t need to do anything to keep them — with two exceptions. If you are enrolled in the HAP health plan, you will need to select a different health plan or you be automatically enrolled in the BCBMS Community Blue PPO plan effective Jan. 1. And because IRS rules do not allow FSA enrollments to continue across calendar years, eligible faculty and staff will need to re-enroll to participate in an FSA for 2018.
Please see the video above for a quick guide to the available U-M dental plans. If you have questions about benefits or open enrollment, call the Shared Services Center at 734-615-2000 or 866-647-7657 toll free, Monday through Friday, from 8 a.m. to 5 p.m.