Annual Enrollment is right around the corner – May 4th to May 18th. It’s time to start thinking about your benefits! Although you use them throughout the year, this is your once a year opportunity to take a look at what you’re enrolled in and make changes and adjustments for the upcoming 2016-2017 plan year. Remember, what you choose now is going to be what you have in effect from July 1, 2016 until June 30, 2017.
Here are some important things to remember:
Take a look at your medical plan. This is the time to review your current plan and decide if it’s still right for you and your family for the next 12 months. Through the new enrollment system – which will be accessible through your Workday home page beginning May 4th, you’ll find a brand new tool that lets you enter your expected expenses and see what plan is the lowest cost for you. It’s worth spending a few extra minutes to possibly save thousands next year.
And if you’re a registered Castlight user, go to Castlight to review your past medical and prescription spending to see if you need to make any changes to your current medical election.
Review your contact information in Workday and your dependent and beneficiary information in the enrollment site. It’s important that we have your correct information...your address, dependents and beneficiaries. Now is the time to double check everything to make sure it’s right. It only takes a few minutes.
You do need to take action to enroll in certain benefits. Although most of your 2015-2016 elections will carry forward to the 2016-2017 plan year, some won’t, such as the Flexible Spending Accounts, so you will need to re-enroll. And if you want to enroll in the new Buy-Up vision plan that will be offered through VSP, any of the new supplemental benefit plans that will be offered through Aetna or change your Health Savings Account election and/or contribution – you’ll need to take action during Annual Enrollment.
Watch the mail for your Annual Enrollment Newsletter to learn more. You can also visit our new benefits information mobile site, RBenefitsOnTheGo.com for a quick overview and our benefits information website to get complete details about your 2016-2017 options and some of ways we’re making it easier to get care throughout the year. Like flat copays at CVS Minute Clinics and convenient care through Teladoc. And new supplemental benefits such as Accident, Critical Illness and Hospital, to give you extra peace of mind when it comes to your health.
You only have from May 4 to May 18 to take action– so don’t miss out!