Benefits Open Enrollment will begin on April 18, 2016 and end on April 29, 2016. This is the one time each year that you are able to review and make changes to your health, welfare and voluntary benefit elections. Please note that no action is required on your part unless you want to enroll in the Health Care Flexible Spending Account (FSA), Dependent Care FSA, Child Care Subsidy Plan or the Health Savings Account for 2016-2017. Under IRS rules, these elections from 2015-2016 cannot carry forward into the new plan year. New this year, the enrollment system will allow you to edit only the benefits that you wish to change.
In addition, below are some key items and resources that you should be aware of:
Open Enrollment Guide
Faculty and staff will have access to an online Benefits Open Enrollment Guide. This guide will walk you through all of the key changes, the timeline and how to enroll. Please review carefully as this document includes detailed information regarding carrier changes and benefit enhancements related to the life and disability plans, the addition of telemedicine and copay enhancements related to urgent care and the emergency room. The Benefits Open Enrollment Guide can be found under the Benefit Resources section of the Benefits page of the Human Resources website.
The Pathways document will continue to be available on-line and serves as your annual benefit program booklet. Reference this document throughout the year should you have questions regarding any of the Villanova benefit programs. Pathways can be found under the Benefit Resources section of the Benefits page of the Human Resources website.
The cost of health care continues to rise year over year. With that in mind, as a community, we need to look for ways to curb spending when possible. Did you know that the average cost of a visit to the emergency room is approximately $1,100 where the same condition that could possibly be treated at an urgent care center would cost approximately $100? In addition, the average cost of a general office visit is approximately $125 whereas the option of telemedicine would cost approximately $40?
As the country shifts more towards consumerism related to health care, it is important that Villanova provides plan design and programs that support those initiatives. To that end, Villanova will offer three enhancements for 2016-2017:
HMO & PPO Plans
- Urgent care copay will be reduced from $70 to $50
- Emergency room copay of $100 will now be waived if you are admitted to the hospital
- Telemedicine will be added as an option with a copay of $10
- The cost for all three services (urgent care, emergency room and telemedicine) will be 20% coinsurance subject to the deductible
Telemedicine is an alternative option available to you as an IBC member that provides a 24/7 convenient way to address certain acute health conditions. A board-certified physician licensed in your state reviews your medical history and provides a consultation over the phone or through video. The physician recommends the treatment for the member’s medical issue which may include a prescription (electronically sent to the member’s pharmacy of choice). Further details regarding telemedicine and the changes listed above can be found in the Open Enrollment Guide and the Pathways document.
Effective June 1, 2016, MetLife will be the new provider of the life insurance plans. As part of this transition, there are some enhancements which include reduced rates, a one-time opportunity to increase coverage without a health questionnaire and access to an attorney for will and estate planning if you are enrolled in supplemental life insurance. Further details can be found in the Open Enrollment Guide and the Pathways document.
Effective June 1, 2016, Liberty Mutual will be the new provider of our short- and long-term disability coverage. In the event of a disability during the new plan year, you should contact Liberty Mutual directly. Further details can be found in the Pathways document.
Participation in the NOVAfit! program continues to provide faculty and staff with numerous advantages. NOVAfit! offers programming that encourages healthy behaviors as well as financial incentives. By participating, you and your eligible spouse can qualify for premium incentives, additional HSA contributions and VISA gift cards. Visit the Wellness Portal on the NOVAfit! section of the Human Resources website for further details.
Tools and Resources
Tools are extremely important again this year as you analyze which of the three medical plans will best meet your individual or family needs. Please visit the medical section of the human resources website:
- Wellness video
- Open Enrollment video
- CDHP/HSA video
- Medical Plan Comparison Tool
- Express Scripts Prescription Drug Cost Estimator
- IBC Medical Procedure Cost Estimator (login to ibxexpress.com)
It is important that you take the time to fully understand all of these benefit changes and review all of the resources available to you. Should you have any additional questions, feel free to reach out to Human Resources at 610-519-7900.
I wish you the best for a happy and healthy spring.
Raymond D. Duffy, M.S, SPHR, SHRM-SCP, CBP
Senior Director, Benefits, Compensation and Employment