Benefits Open Enrollment
WELCOME TO 2020 OPEN ENROLLMENT!
October 21 through November 8, 2019
This is your opportunity to make benefit plan changes for the 2020 calendar year. For example, you can add/drop a dependent, increase your existing voluntary life insurance by $40,000 without completing an Evidence of Insurability (EOI) form, and/or enroll in the Flexible Spending Account. Open Enrollment is accessible from your USFWorks dashboard.
Employee premium contributions will decrease slightly for both the Anthem Blue Cross and Kaiser plans. Please refer to the Monthly Contributions section of the guide on pages 26-27 for more detailed information.
*NOTE: Open Enrollment will will only be accessible in USFWorks from October 21 through November 8th, 2019 so plan your enrollment carefully.
Wednesday, Oct. 23 | 10:30 a.m.–1 p.m. | UC 501
Wednesday, Oct. 30 | 11 a.m.–1 p.m. | Lone Mountain Main 103
Tuesday, Nov. 5 | 2 p.m.–4 p.m. | UC 504
Thursday, Nov. 7 | 11 a.m.–1 p.m. | Lone Mountain Main 103
Modifying Your Benefits
During Open Enrollment, you can make the following changes which will take effect Jan. 1, 2020:
- Change your medical, dental, vision, or life insurance benefits
- Add or remove coverage for a dependent
- Add social security numbers when prompted
- Apply for the childcare subsidy*
- Enroll in a Flexible Spending Account (FSA)*
- Review and/or waive $75/mo. medical spousal surcharge*
- Opt out of USF's medical plan*
- Add or change your life insurance beneficiaries (SSN not required; this can also be done anytime throughout the year)
- You can make changes to your Open Enrollment anytime between Oct. 21 to Nov. 8 by going the Benefits Worklet in USFWorks
* required annually, if applicable
Reminders for 2020
Please log on to USFWorks to update your life insurance beneficiary designation(s). Life insurance beneficiaries can be added or changed at anytime of the year. You will also be able to update your beneficiaries during Open Enrollment. NOTE: An insurance beneficiary is not the same thing as a healthcare dependent. A beneficiary is the individual(s) who will receive your insurance benefits should something happen to you. Review how to Update Your Insurance Beneficiaries
Medical Plan Opt-Out Waivers
In order to continue receiving the $75/month in taxable income, you must complete your Open Enrollment task in USFWorks regardless if you are making any changes. After submitted your Open Enrollment task, you will receive a review document task. This task will have you certify that you or your dependents are not receiving healthcare through an “individual market plan”. If your coverage is through an “individual market plan”, you are not eligible to waive the medical plan
Flexible Spending Accounts
Flexible Spending Accounts (FSAs) require annual re-enrollment should you wish to continue these benefits for the upcoming plan year. The 2020 maximum annual election amounts are $2,700 per employee for the Healthcare FSA and $5,000 per household for the Dependent Care FSA.
A new childcare subsidy form must be submitted online for each year that the benefit is requested. For more information, view the childcare subsidy section of the benefits guide.
If you are enrolling a new dependent, you must upload the supporting documentation. For example, if adding a spouse you must upload your marriage certificate. For any eligible children, upload a birth certificate. Failure to provide documentation can delay your enrollment.
403(b) RETIREMENT PLAN ELECTIONS
For 2020, you will not see your 403(b) retirement plan elections during the Open Enrollment process. You will see it in USFWorks by January 1, 2020. To view your 403(b) plan, please log on to retirement@work.
REVIEW DEPENDENT INFORMATION
Please ensure your dependents' legal names and Social Security Number information are correct.
ELECT TO RECEIVE YOUR 1095-C ELECTRONICALLY
It’s easy and it helps the environment! Go to your Benefit Worklet in USFWorks, select the 1095-C Printing Election option, and then select the option "Receive electronic copy of 1095-C". The actual delivery date of the form will be communicated in January 2020.