Benefits Open Enrollment  

Open Enrollment for the 2019-2020 plan year will run from March 18th until March 29th.

Dear Colleague,

Benefits Open Enrollment will begin on March 18, 2019 and end on March 29, 2019. This is the one time each year that you can make changes to your health, welfare and voluntary benefit elections. If all the information is correct, there is no further action 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 (HSA) for 2019-2020. Under IRS rules, your FSA and HSA elections from 2018-2019 cannot carry forward into the new plan year.

Below are some key items and resources for you:

Open Enrollment Guide

Faculty and staff have access to an online Benefits Open Enrollment Guide. This guide walks you through all of the key changes, the timeline and how to enroll. The Benefits Open Enrollment Guide can be found under the Benefit Resources section of the Benefits page of the Human Resources website (http://www1.villanova.edu/villanova/hr/benefits.html).

Pathways

The Pathways document is available on-line and serves as your annual benefit program booklet. Reference this document throughout the year if 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 (http://www1.villanova.edu/villanova/hr/benefits.html).

Back Up Reimbursement Plan

Supporting our faculty and staff with unexpected child care continues to be an important benefit offering and ties directly back to our core values. Villanova has decided to enhance the current program by increasing the reimbursement from $50 to $75 per day. In addition, the eligible days per year have been increased from 5 to 10 for a maximum amount of $750 annually. Visit the Child Care Assistance section of the Human Resources website for further details (https://www1.villanova.edu/villanova/hr/benefits/family/childcare.html).

Health Care FSA

The annual limit for the Health Care FSA will increase from $2,650 to $2,700 in accordance with IRS law.

HSA

The annual limits for the Consumer Driven Health Plan with an HSA will increase from $3,450 to $3,500 (individual) and from $6,900 to $7,000 (family) in accordance with IRS law.

Medical/Prescription Drug Premiums and Plan Design

The cost of health care continues to rise. For the upcoming plan year, medical and prescription drug rates nationally are projected to rise 6.1%. Despite this trend, Villanova’s medical and prescription drug plans have maintained cost levels for the 2019-2020 plan year. For the seven years between 2012 and 2019, Villanova has kept premium increases to an average of 2.0% where the national trend has been a 6.8% increase.

As a community, we need to continue to partner with each other in keeping the cost of healthcare down. We can each do our part by ensuring that we complete our preventative screenings, consider participating in wellness programming offered through NOVAfit! and using high quality services at reasonable costs when available. Keep in mind that there are more healthcare options available now than in the past. These include telemedicine and urgent care options that could be more convenient and less expensive than emergency room visits. Ultimately, the final choice in your health care usage lies with you. To find out more about these options, review Pathways and check with Independence Blue Cross.

NOVAfit!

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 (http://www1.villanova.edu/villanova/hr/benefits/health/novafit.html).

Tools and Resources

Videos and benefit comparison tools are extremely important again this year as you analyze which of the three medical plans will best meet your needs. Please visit the medical section of the Human Resources website for further information (http://www1.villanova.edu/villanova/hr/benefits/health/medical.html)

It is important that you take the time to fully understand these benefit changes and review all the resources available to you. Should you have any questions, feel free to reach out to Human Resources at 610-519-7900.

I wish you the best for a happy and healthy spring.

Sincerely,

 

Raymond D. Duffy, M.S, SPHR, SHRM-SCP, CBP

Assistant Vice President of Human Resources

Health Care Flexible Spending Account (HC FSA)

The annual limit for the HC FSA will increase from $2,650 to $2,700 in accordance with IRS law.

Health Savings Account (HSA)  

The annual limits for an individual enrolled in the Consumer Driven Health Plan with an HSA will increase from $3,450 (individual)/$6,900 (family) to $3,500 (individual)/$7,000 (family). The $1,000 additional catch-up contribution for individuals 55 and older will remain in place.

Back Up Reimbursement Plan

Administered through HealthAdvocate

Villanova has enhanced the current benefit offering under the Back Up Reimbursement Plan to increase the daily reimbursement from $50 to $75 per day. In addition, the eligible days per year have been increased from 5 to 10 for a maximum of $750 annually. We believe this is important to allow faculty and staff flexibility when it comes to back up care.

Villanova University offers three enrollment portals that faculty and staff will use to enroll in University benefits.

Benefits Portal will be used to enroll in health & welfare and voluntary benefits, make changes due to life events and use the medical plan comparison tool. Please note: This is the portal that you will use to enroll in Benefits during Open Enrollment from March 18-29, 2019.

For help logging in the first time, please use Benefits Portal Login Assistance.

Wellness Portal provides access to the NOVAfit! wellness program. This is where you will complete your Personal Health Assessment (PHA) schedule your annual health screening and
participate in challenges.

TIAA CREF/Villanova Microsite is used to enroll, designate a beneficiary, and make changes to investments and salary deferrals in the Villanova University 403(b) Retirement Savings Plan.

The Villanova University Wellness Fair will be held on Thursday, March 28th in the Villanova Room at the Connelly Center from 10a.m.—2p.m.

Please join your colleagues to learn about all of the benefit programs that the University offers. Many of the benefit plan vendors will be available at this time.

For those of you that participated in the Personal Health Assessment and Health Screening campaign, attendance will qualify you for 300 NOVAfit! incentive points. Please be sure to bring your wildcard to confirm your attendance and receive your points.  

Representatives from the Human Resources Department will be available to assist employees with completing the University’s open enrollment process in the Human Resources Department at the Villanova Center, Suite 260 on the following dates:

Date                Day                Time

3/18/2019        Monday         10:00 am – 12:00 pm

3/21/2019        Thursday       10:00 am – 12:00 pm

3/26/2019        Tuesday        2:00 pm –   4:00 pm

3/29/2019         Friday        10:00 am – Noon & 1:00 - 4:00 pm                

At these sessions, you will be able to view your current benefit elections and make any benefit plan open enrollment changes.  Please have your username and password that you use to log on to email, with you when you attend a help session.  All changes must be submitted by midnight Friday, March 29, 2019.

Villanova will once again sponsor a Walk@Lunch Day on Tuesday, April 30th. There are two walks scheduled—at 12 p.m. and 1 p.m.—that will leave from the Oreo and follow the walking trail through campus.  

For those of you that participated in the Personal Health Assessment and Health Screening campaign, attendance will qualify for 200 NOVAfit! incentive points. Please be sure to bring your Wildcard to confirm your attendance and receive your points.