Open enrollment for FY20 benefits now closed

What's New for Benefits Open Enrollment

FY20 Premium Holiday For FY20, employee only health insurance coverage amounts will be reduced through a premium holiday.  This premium holiday will work to reduce the annual amount of employee only coverage by $200. It will work in two ways:

For employees in paid status on Pay Run R14 (for dates worked from 6/9/19 to 6/22/19 and paid on 7/5/2019), there will be no employee only health care deductions taken out of the first paycheck in July. All other deductions including dependent's health insurance, will be withheld as normally scheduled. The remainder of your $200 premium holiday will be taken at the end of the fiscal year. This will not impact any employees that are off-contract or in a LWOP status during R14.

For employees in an off-contract or on leave without pay status on Pay Run R14 (for dates worked from 6/9/19 to 6/22/19 and paid on 7/5/2019), there will be a reduction or stopping of deductions for employees once they meet the reduced goal amount toward the end of the FY20 plan year.

Life Insurance Brackets are Changing In FY20, the supplemental life insurance levels of coverage are changing:

• Coverage options will be available in $50,000 increments (i.e. $150,000, $200,000, $250,000, etc.)  Individuals with $25,000 increments will have coverage reduced to the next lowest coverage that is a $50,000 increment.
• Maximum coverage levels available will be increased up to $600,000.  Any increase at open enrollment over $200,000 will still require Evidence of Insurability.
• Employees can still be approved for up to $200,000 worth of coverage without completing any Evidence of Insurability.  However, you may now elect up to $600,000 worth of coverage.

Learn more about FY20 open enrollment at the UA Benefits page.

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