Reminder: Open Enrollment for FY21 Benefits is Underway
Open Enrollment is on for one more week! This is your annual opportunity to change your health plan, add or drop dependents, start a Flexible Spending Account (FSA), add or increase supplemental life insurance or enroll in accidental death and dismemberment insurance (AD&D). Remember, if you want to have an FSA in FY21, you have to re-enroll now.
We're doing it all online again this year, so there's nothing to send in or fax to HR. You can find the enrollment form and all the details on our Open Enrollment web page, found directly from the benefits web site. Check the Open Enrollment page for the Enrollment Guide, plan comparisons, rate sheets and links to other important information.
Health Savings Accounts: If you elected a Health Savings Account (HSA) at the beginning of 2020, you don't need to do it again. The HSA will continue for the full calendar year and keep going into the future until you change it.
Not sure of the difference between the Flexible Spending Account (FSA) and the HSA? Here's a highlighting the differences between these accounts. Remember, you can have the FSA on any of UA's health plans, but you need to be enrolled in the Consumer-Directed Health Plan (CDHP) to contribute to the HSA.
Make sure your life insurance beneficiaries are up to date by completing the Beneficiary Form. You don't need to know who your current beneficiaries are; the new form replaces anything you had on file before.
Questions? Check the web page because it's probably there, but if you still have questions you can call , your health care advocate, at (866) 253-2273, or contact the Employee Transitions and Benefits team at ua-benefits@alaska.edu.