Open enrollment for health insurance and flexible spending accounts ends May 16
From: Human Resources
Open enrollment for state-provided health insurance and flexible spending accounts (FSA) ends May 16.
No action is required if you wish to continue the same insurance; however, flexible spending accounts for medical and dependent care and the premium rewards discount must be renewed each year. Any changes made during open enrollment will be effective July 1.
Following is an overview of the changes for the 2022-23 plan year:
Employee premiums have changed.
COVA Care and COVA HDHP
Diabetics may purchase continuous glucose monitors (CGMs) ONLY at pharmacies. They will no longer be provided under the durable medical equipment (DME) benefit for these plans.
COVA Care and COVA HealthAware
Submit a health assessment during Open Enrollment (May 2 -16) to earn a monthly premium incentive effective July 1.
COVA Care, COVA HDHP, and COVA HealthAware
The Healthy Smile Healthy You program will offer an additional dental cleaning and exam beyond the annual limit for patients with cancer, a weakened immune system, kidney disease, or undergoing kidney dialysis.
Health Flexible Spending Account (FSA)
The contribution maximum increases: You can put aside up to $2,850 in the 2022-23 plan year.
NOTE: Due to an error in the Cardinal system, pay periods for Virginia Tech are appearing as monthly instead of semi-monthly, resulting in pay period FSA amounts calculating incorrectly. Be assured that the actual FSA amount withheld from your paycheck will be based on the annual amount you designate and the per pay period amount withheld will be calculated using 24 pay periods instead of 12. We are working with the Cardinal project team to correct the pay period designation. We appreciate your patience. No action is required on your part.
For more information, review the Spotlight on Benefits newsletter and visit Virginia Tech’s open enrollment webpage.
Human Resources will be offering Zoom information sessions for employees to review health insurance and FSA changes. Registration is not required for these sessions. Computer labs will also be held.
Employees are strongly encouraged to submit open enrollment changes through Cardinal Employee Self Service (ESS), the Virginia Department of Human Resources Management’s (DHRM) electronic submission portal. Changes must be submitted no later than 11:59 p.m. on May 16.
Not sure which health plan is the best for you?
Talk to ALEX, an online benefits tool that evaluates your input and recommends a plan tailored just for you. Visit ALEX. On your smartphone, use ALEX-GO.
Enrollment forms and supporting documents can also be submitted to Human Resources using their secure e-drop box. Paper forms should only be used if online access is unavailable. Please direct any questions to the HR Service Center at hrservicecenter@vt.edu or 540-231-9331.