1 / 7

Open Enrollment Overview

Open Enrollment Overview. Invest some time in your benefit package. What is Open Enrollment?. Annual event Premiums subject to change Changes can be made without there being a Qualifying Event Perfect time to consider changes to your benefit package

berit
Télécharger la présentation

Open Enrollment Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Open Enrollment Overview Invest some time in your benefit package 1

  2. What is Open Enrollment? • Annual event • Premiums subject to change • Changes can be made without there being a Qualifying Event • Perfect time to consider changes to your benefit package • A time to “do the math” when you weigh the various premiums

  3. Why have open enrollment? • Allowed by Federal law • Life changes • Marital status • Spouse/partner’s employment status changes • Spouse/partner’s medical premium changes • Children born, attend college, get jobs • Spending account needs change over time • Life insurance needs change • Annual review of all benefit enrollments • Voluntary benefits need review also

  4. What’s involved with the Open Enrollment Process? • Receive the Open Enrollment form from Human Resources • Attend a Benefits meeting or review the Open Enrollment powerpoints • Attend the Benefits Fairs, if possible • Call or email HR with questions • Return your completed, signed Open Enrollment form to HR by Friday, October 28th.

  5. What if I don’t turn in my Open enrollment form? Default coverage (no form returned) is: • Same level of insurance coverage as previous year • Same Healthcare and Dependent Care spending accounts as previous year • Same dependents • Same beneficiaries Premiums will be adjusted to reflect new rates

  6. Are there any other forms I need for Open Enrollment? This additional information, if applicable: • Evidence of Insurability (EOI) form if • You are enrolling in Supp Life for the first time (previously declined) • You are enrolling your spouse onto Dependent life for the first time OR onto the $50,000 level • You are enrolling in the 10% Supp LTD for the first time (previously declined) • If ADDING family members onto any level of coverage: • Copy of last tax return OR • marriage license for spouse AND birth certificates for added children • Evidence of domestic partner, if adding your partner onto any insurance for the first time

  7. Where can I find more information? Your enrollment packet included a booklet giving an overview of all plans. Powerpoint presentations on all aspects of the insurance products and other benefits are available at www.cmmfhealthydecisions.com

More Related