2022 Benefit Highlights
August 30, 2021
Employee benefit changes and highlights for 2022 are featured in this article. Changes made during the Annual Benefits Enrollment (ABE) period, held September 27 - October 22, 2021, are effective January 1, 2022.
State Group Health Insurance
The health plan designs (health plan and high deductible health plan) and most health plan components (deductibles, copayments, and coinsurance) will remain the same. There will be a modest increase in employee premiums effective January 1, 2022.
These are the health insurance plan carrier changes:
Here are some of the enhancements to covered services:
Uniform and Preventive Dental Insurance Plans
These plans provide coverage for preventive dental services, most basic dental services, and orthodontia services (up to age 19). Coverage for composite/resin fillings for the back teeth will be added to these plans for 2022. Employee premiums effective January 1, 2022 will decrease for uniform dental (employee only coverage) and will increase for the preventive plan.
Supplemental Dental Insurance Plans
These plans (Select and Select Plus) provide coverage for most basic and major dental services. In addition, one of the plans (Select Plus) covers orthodontia services for children and adults. You may enroll in one supplemental dental insurance plan (and either the Uniform or Preventive Dental plan). Employee premiums will increase effective January 1, 2022.
Vision Insurance Plan
This plan provides coverage for an annual eye exam as well as materials (contacts and/or glasses). There is no change in employee premiums for 2022.
Accident Insurance Plan
This plan is designed to protect employees and their families in the event of an injury due to an accident. For 2022, cash benefit payment amounts for most covered injuries (due to an accident) will increase. In addition, a cash benefit will be added for outpatient rehabilitation therapy, when necessary due to an accident. This plan includes an Accidental Death & Dismemberment component. There is no change to premiums for 2022.
Accidental Death & Dismemberment (AD&D) Insurance Plan
This plan will continue to be offered. Employees may enroll in both the Accident Insurance plan and the AD&D Insurance plan. There is no change to premiums for 2022.
Pre-tax Spending and Savings Accounts
Here are the annual contribution limits for 2022 for the pre-tax spending and savings accounts:
The Healthcare FSA will have a carryover limit of $550. The Dependent Day Care Account does not have a carryover provision. Health Savings Account balances continue to rollover from one year to the next.
403(b) Program
UW System is making changes to enhance the 403(b) Program, the University’s supplemental retirement savings plan.
Changes to the program will focus on cost-effectiveness, simplification and ease of use for 403(b) participants. UW System’s goal is to make it easier to enroll, select investments, and monitor investment performance on an ongoing basis.
Along with upcoming program changes, the 403(b) program has been rebranded to the UW 403(b) Supplemental Retirement Program (SRP), from the UW Tax-Sheltered Annuity (TSA) 403(b) Program.
In addition to the name change, the 403(b) Program will undergo enhancements to the recordkeepers (providers) and investment line-up effective January 1, 2022.
If you are a current program participant or enroll in the program in the next few months, you may need to take action based on these upcoming changes.
Watch for emails with additional information and the 403(b) Program changes. Or refer to the 403(b) Program Enhancements web page for additional information.
Updated: 09/27/2021, 10/25/2021
Source: UW System Human Resources
Categories: Insurance, Employee Reimbursement Account, Supplemental Retirement Program