Open enrollment for the health and dental insurance plans, AFLAC Plans, Flexible Spending Accounts (FSAs) and supplemental life insurance will run from February 10, 2013 to February 24, 2013 with an effective date of March 1, 2013.
The deadline for enrollment is February 24, 2013. This may be your only opportunity to make changes in your participation in these plans. Once you elect to continue, change or cancel participation in a health or dental plan you may not change your election until March 2013, unless there is a change in your status, such as marriage, divorce, the birth or adoption of a child, or you or your spouse's change in employment.
Health and Dental Plans: Fisher College's HEALTH PLAN will be switching from Blue Cross Blue Shield to Tufts, effective March 2013. The DENTAL PLAN will remain Blue Cross Blue Shield. Those with questions about the change should be sure to attend the Benefits Fair this week. The Benefits Fair will take place in Alumni Hall on Tuesday, February 12 and Wednesday, February 13, 2013 from 11:00am to 2:00pm.
Flexible Reimbursement Accounts (FRA) or Flexible Spending Accounts (FSA): You must re-enroll in these accounts each year to continue participation. With an FRA, you set aside pre-tax dollars to pay for qualified medical expenses not covered by your benefit plans or to pay for dependent/child care expenses you incur while working, and/or set aside a portion of your salary pre-tax to pay for certain transit, parking, and van-pooling commuting expenses.
Supplemental Life Insurance: The College currently provides life insurance equal to two times an employee's annual salary. All regular full-time employees are insured under the College's group plan. All Regular full time employees and faculty are eligible to purchase supplemental life insurance of 1x, 2x, or 3x, their base annual salary up to $300,000.
AFLAC Plans: AFLAC offers accident, hospital, cancer and supplemental dental insurance programs that may supplement your current coverage. AFLAC insurance policies pay cash benefits. Participation in these programs is strictly voluntary. (Deductions are pre-tax). All programs offer single, couple and family coverage options.
TIAA-CREF - retirement savings plan (403b): The College offers one plan option. Eligible employees who have completed one year of service may participate in the contributory matching plan. The employee contributes 2-5% of his or her gross pay and the College provides a 2-5% MATCH. Contributions are made on a pre-tax basis.
Information on the rates and enrollment forms are available in the Human Resources office.