Dear Faculty & Staff Colleagues,
Our team is excited to begin the 2023 Benefits Open Enrollment cycle and share with you important information as we approach year-end. This year’s Benefits Open Enrollment will be from November 1, 2022 through November 16, 2022. During this time, you will be able to make changes to your chosen benefits elections for you and qualifying dependents for the 2023 plan year.
*** This is the one time per year that you are able to make changes to your benefits without a qualifying event. ***
We are delighted to share that there will not be any changes to 2023 medical, dental and vision premiums. We have attached the 2023 Benefits Guide, which includes coverage rates, plan details, and other information, which may be useful as you contemplate benefits elections for you and qualifying dependents. Below you will find information applicable to this year’s enrollment cycle. You can also visit the 2023 Benefits Open Enrollment website to view the Guide, access the benefits enrollment form starting November 1, and to view a presentation covering highlights of this year’s benefits.
The University’s 2023 Benefits and Open Enrollment Fair will be on Thursday, November 3 from 9:30am to 2 pm in the Tahoma Room located in Thomas Hall. TIAA, our retirement planning partner, along with a Medicare enrollment consultant, will also be on campus hosting information sessions in Trimble Forum (116). Details regarding the Benefits Fair and course schedules are in the attached email.
2023 Benefits and Open Enrollment Updates
- Are there any significant changes to the University’s 2023 benefits offerings?
- There are no material changes and the University is pleased to continue offering base level employee coverages at no cost to you and without any premium increases for the 2023 plan year.
- How do I submit the benefits election form?
- First, login to the dashboard at login.pugetsound.edu, then sign into your myPugetSound account. You will also need to be signed into your University of Puget Sound Google account.
- Next, visit the 2023 Benefits and Open Enrollment website and click on the 2023 Benefits and Open Enrollment Google Form. Submit your responses to each question on the form. Please read each question carefully and ensure you have enrolled applicable dependents to each plan. Please note that the enrollment form will be available beginning November 1.
- What if I do not submit a 2023 Benefits and Open Enrollment Form?
- Your 2022 benefits elections will carry over for 2023, and you will not have an FSA account.
- We strongly encourage you to review your benefits elections and submit an elections form to ensure your benefits coverage is accurate for the upcoming plan year.
- How do I cancel existing coverage or continue waiving coverage for 2023?
- Complete the 2023 benefits enrollment form and select “waive coverage” on each applicable plan.
- How do I add or remove a dependent to any of my healthcare plans?
- This can be found in the 2023 benefits enrollment form immediately following the medical, dental and vision election options. Please note you need to enter applicable information for each dependent you are adding or removing, while also providing details as to which plans you are making changes for (i.e. medical, dental, and/or vision).
Flexible Spending Account Reminders
- Will FSA healthcare and dependent care contributions carryover into the 2023 plan year if I do not submit an annual contribution election during open enrollment?
- No, all FSA contributions will be reverted to $0.00 for 2023 if you do not submit an annual contribution amount during open enrollment.
- What are FSA contribution limits for healthcare and dependent care accounts?
- FSA Healthcare: $3,050 per calendar year
- FSA Dependent Care: $5,000 per calendar year or $2,500 if married and filing separately
- If I have a 2022 balance on my FSA healthcare or dependent care accounts, what is the maximum balance I can carryover to 2023 based on IRS guidelines?
- FSA Healthcare:
- 2022 to 2023: The maximum carryover is $570
- 2023 to 2024: The maximum carryover is $610
- FSA Dependent Care:
- You are not eligible to carryover any remaining balance for an FSA dependent care account.
- Please contact WEX, our FSA account administrator, for details regarding your account balance.
- FSA Healthcare:
Life and AD&D Coverage Reminders
- The University offers all benefits-eligible employees $25,000 in Life and AD&D coverages at no cost to you.
- Supplemental Life & AD&D Coverages
- Supplement Life Employee Coverage:
- During Open Enrollment, you can choose an amount not to exceed $180,000 in coverage without providing evidence of insurability.
- You can increase your coverage amount by one level ($10,000) without providing evidence of insurability. If you select coverage in an amount higher than this number, you will be required to submit evidence of insurability. If you have previously been denied coverage, you will be required to submit evidence of insurability.
- Please see the 2023 Benefits Guide for more details.
- Supplemental Life Spousal Coverage:
- During Open Enrollment, you can choose an amount not to exceed $90,000 in coverage without providing evidence of insurability.
- You can increase your coverage amount by one level ($5,000) without providing evidence of insurability. If you select coverage in an amount higher than this number, you will be required to submit evidence of insurability. If you have previously been denied coverage, you will be required to submit evidence of insurability.
- Please see the 2023 Benefits Guide for more details.
- Voluntary AD&D Coverages
- Voluntary AD&D coverage is not subject to evidence of insurability.
- Please see the 2023 Benefits Guide for more details.
- Supplement Life Employee Coverage:
Contact Us For Support!
- Who can I contact with questions regarding 2023 benefits offerings and Open Enrollment?
- Puget Sound Human Resources Benefits team will be available from 7am through 12pm and 1pm through 5pm November 1 through November 16 in the Garden Level of Howarth Hall on a first-come, first-served basis.
- You may also contact the Puget Sound Benefits team at benefits@pugetsound.edu.
Sincerely,
Your Human Resources Benefits Team Colleagues
University of Puget Sound Human Resources