Open Enrollment FY25 news will be posted in June 2024

Open Enrollment is the time for employees and retirees to review their benefits and consider any changes to make for the next plan year, effective September 1 each year.

 

 


Past Open Enrollment FY24 News

Open Enrollment opens July 10 and closes July 31
This three-week window is the ONLY time individuals can make changes to their coverage, enroll in new benefit options, or renew their flexible spending accounts without having to demonstrate a qualifying life event. Because the July 31 deadline cannot be extended, be sure to log into Workday during this period to review your benefits and make any changes. Contact us at benefits@tamu.edu for assistance.

 

Visit the System Open Enrollment webpage to view:

Open Enrollment Reminders FY24

  • You can review your current benefits anytime in Workday prior to making your elections for the new plan year.
  • Check WebMD One to make sure you are on your way to completing your Two-Step Wellness Program and your incentive status is up to date.
  • Open Enrollment is also a good time to review your beneficiaries.
  • Not making changes?
    • Your current benefits will continue; however, you MUST actively re-enroll in Flexible Spending Accounts; Health Care and Dependent Day Care elections do NOT roll into the new plan year.
  • Need help?

Important Changes for FY24

  • Premium Costs (no changes!)
    • Optional coverage premiums (dental, vision, life, LTD, etc.) will remain the same.  
    • Health insurance premiums will remain the same.
  • Flexible Spending Accounts
    • Healthcare flexible spending account annual election amount maximum will increase to $3,050. 
    • Dependent care flexible spending account annual election will remain unchanged, $5,000 per household or $2,500 if married.
  • Fertility benefits will be added.
  • Emergency Room copayments will be added and as well as deductibles, out-of-pocket maximum for ER visits.
  • New Wellness Premium Incentive portal, moving from MyEvive to WebMD.
  • COVID-19 testing and vaccines will no longer be a zero cost item, subject to plan design copays, if applicable due to the end of federal COVID-19 public health emergency on May 11, 2023.
  • Retirees age 65+ will be moved to a Group Medicare Advantage Plan with BlueCross BlueShield (BCBS) in January 2024; BCBS will hold educational meetings in advance.