Annual Benefit Enrollment Period October 6 - 31, 2014
October 7, 2014
This is the time of the year to evaluate your benefits, review upcoming program changes and determine your benefit needs for 2015. All changes made during this period will be effective January 1, 2015.
Detailed information, brochures and applications are available on the UW-Madison Benefit Enrollment website: benefits.wisc.edu/2015.
This chart outlines the benefit election/changes allowed during this year's Annual Benefit Enrollment period:
| Plan | Open Enrollment | Change Plan | Add Dependents | Remove Dependents | Cancel Coverage |
|---|---|---|---|---|---|
| State Group Health | Yes | Any Health Plan | Yes | Yes | Yes |
| EPIC Benefits+ | Yes | Add/remove vision | Yes | Yes | Yes |
| Dental Wisconsin | Yes | PPO <--> Select | Yes | Yes | Yes |
| VSP Vision | Yes | N/A | Yes | Yes | Yes |
| Individual & Family Life Insurance | No | Increase current coverage | No | Any time | Any time |
Each health plan will now offer a High Deductible Health Plan (HDHP) in addition to the Coinsurance Uniform Benefits plans (current health plans). The HDHP will begin to pay for covered medical, dental and prescription drugs once the annual deductible has been met. In exchange for the higher out-of-pocket costs, the monthly premiums for the HDHPs are lower. If you enroll in the State-offered HDHP, you will also be required to enroll in the State-offered Health Savings Account (HSA).
Only employees eligible for the Wisconsin Retirement System (WRS) are eligible to enroll in the High Deductible Health Plans. See the enrollment website, benefits.wisc.edu/2015, for all HDHP eligibility requirements.
You must re-enroll in Flexible Spending every year. With the exception of your FSA, if you do nothing, your existing benefits will continue in 2015. Exception: If you are currently enrolled in WPS Metro Choice, you must select a new health plan because WPS Metro Choice Northwest and Southeast will not be offered in 2015.
Health plans may make changes to their provider network so you should confirm that the doctors, clinics and hospitals you use will still be available in 2015. You will receive a mailing from your current health plan with 2015 provider information.
See the website, benefits.wisc.edu/2015, for more information.
Don't miss your chance to enroll in or make changes to your benefits for 2015! Remember, this period is typically the only time during the year when you are eligible to make benefit plan changes unless you have a life event (marriage, birth, divorce...) that allows you to add or change benefits. All benefit elections must be submitted by 4:30 p.m., Friday, October 31, 2014.
Source: UW System Administration
Categories: Annual Benefits Enrollment (ABE)