Reminder of Open Enrollment and a note about the CDHP plan

Did you get an email message about choosing the right health plan for you? This message had a spreadsheet with detail about "premium" (employee contribution), deductibles and out-of-pocket maximums leading to the conclusion that the Consumer-Directed Health Plan (CDHP) is right for everyone. Please read this information carefully, because different people have different needs and priorities. The CDHP works differently than the other plans; it has no pharmacy co-pays (everything goes to deductible and coinsurance) and if you have anyone on the plan in addition to yourself, the family deductible and out-of-pocket maximum applies. While this plan is eligible for the Health Savings Account (HSA), it's not just another plan like the 750 or HDHP.

Here's a reminder about Open Enrollment, going on now:

Open Enrollment is going on now and will run through May 15, 2017. This is your annual opportunity to change health plans, add or drop dependents, and start or increase supplemental life or Accidental Death and Dismemberment (AD&D) insurance. This is also when you can sign up for the Flexible Spending Accounts (FSA) or the Health Savings Account (HSA; must be on the CDHP for this one). Everything can be found online, just follow the link on the benefits website at alaska.edu/benefits (click on the "Open Enrollment 2017" icon).

This year, we're making a step in the online enrollment direction with Google forms. You'll complete and submit your forms online-no printing, faxing or dropping off at HR. The exception is if you're adding dependents, we've got a Dependent Documentation Transmittal form so you can provide their date of birth and SSN along with the required documentation like a birth or marriage certificate, etc. This transmittal and your documents (copies are fine, as we don't return them unless you expressly request it) need to be sent directly to your HR office.

Also, if you are electing more than $200,000 of supplemental life insurance, you will need to complete and fax the Evidence of Insurability form directly to Securian Life, our insurance company. We'll hold you at the guaranteed amount ($200,000, or whatever you currently have if higher), until Securian approves your application.

Questions? Check the UA Benefits website as we have everything you need there. If you still have questions, please contact your HR office (here's how).

April Archive