Mark your calendar for Open Enrollment, which begins at 8 a.m. April 20 and ends at 5 p.m. May 8.
This is your chance to keep, waive or enroll in the University of Colorado’s medical, dental, vision, life and disability insurance as well as savings plans.
Take a little time to determine if your coverage is just what the doctor ordered or if you need to make a few adjustments.
Here are the top five things you need to know:
1) Pharmacy benefits move to CVS
Pharmacy benefits for Anthem medical plans (Exclusive, Extended or High Deductible) will be managed by CVS Pharmacy, starting July 1. UCHealth will continue to fill mail order prescriptions, and prescription coverage will remain the same.
Details on this transition will be shared with faculty and staff throughout Open Enrollment and in the lead up to the new plan year.
2) New Medical and Pharmacy ID Cards
Faculty and staff enrolled in an Anthem plan (Exclusive, Extended or High Deductible) will receive separate identification cards for their medical and pharmacy benefits: one from Anthem and one from CVS. Digital identification cards will still be an option.
3) A streamlined, mobile-friendly benefits enrollment tool debuts
A new, mobile-responsive online tool will debut this Open Enrollment. You can now make changes on the go and get at-a-glance details on your coverage choices.
Please note: The new enrollment tool will require you to authenticate your identity. See how to verify if your information is up to date, and how to get assistance if it is not.
4) Out-of-pocket maximums increase for some plans
The out-of-pocket maximums for CU Health Plans – Exclusive, Extended and Kaiser will increase from $7,900 to $8,150 for individuals and $15,800 to $16,300 for families.
5) Rates will increase for some plans
There will be a monthly rate increase for some medical and dental plans – most increasing by less than $5. Full rates will be available on Employee Services’ Open Enrollment website starting April 20.
Action required: Re-enroll in Flexible Spending Account
If you're enrolled in a Health Care Flexible Spending Account or Dependents Care Flexible Spending Account, you must re-enroll if you want to keep these plans.
If you'd like to keep your other benefits choices, no action is required and you and your dependents will be automatically re-enrolled for the new plan year, which begins July 1.
Planning to adjust your benefits selections? We’re here to help
In-person Open Enrollment Sessions have been canceled this year, but virtual options will be available.
Employee Services, Anthem, Kaiser, Delta Dental and others have created online sessions to provide comprehensive overviews of available plans. Access them starting April 20 on Employee Services’ Open Enrollment website.