Open enrollment is extended to 11:59 p.m., Dec. 2. Please be aware if you do not go into ADP to enroll in coverage by end of day Monday, Dec. 2, you will not have insurance for 2020.
General information about Open Enrollment:
Health Savings Accounts
This benefit will not automatically renew. You must actively enroll for 2020. If you have an HSA and will soon be eligible for Medicare, it is important to understand how enrolling in Medicare will affect your HSA. If you enroll in Medicare Part A and/or Part B, you can no longer contribute pre-tax dollars to your HSA.
Brenau’s contribution to your HSA (available only if High Deductible Health Plan is elected) is $600 for an individual and $1200 for a family. In order to get the Brenau contribution, you must also contribute (even if it is only a penny per pay period).
Flexible Spending Accounts
This benefit will not automatically renew. You must actively enroll for 2020.
Life Insurance Age Reduction Limit:
At age 70, benefits will reduce by 35% of the original amount
At age 75, benefits will reduce by 55% of the original amount
You may elect Life Insurance in any $10,000 increment. Coverage is subject to a minimum of $10,000 and an overall maximum of $500,000.
Life Insurance Guarantee Issue Amount:
- Employee Voluntary Life: $150,000 approved (without having to do medical paperwork)
- Spouse Voluntary Life: $30,000 approved (without having to do medical paperwork)
Should you have questions, please contact Kelley Maddox at ude.uanerb@xoddamk or Hannah Ivester at ude.uanerb@1elooph. Representatives from Turner, Wood and Smith are also available: Anna Hewell at firstname.lastname@example.org and Megan Hulsey at email@example.com.
Click here to view the FAQ Powerpoint Presentation. Go to brenau.zoom.us/recording/share/wjGeCaBmJp7W5wEbkl43urUxwkmoC9uVfCXp1F0ts_qwIumekTziMw for the recording of the meeting today, Nov. 26.