Open Enrollment follow-up: Printed confirmation statements, reviewing upcoming paychecks, FSA contribution limits and more
In addition to an online benefits confirmation statement, People First typically mails a printed benefits confirmation statement to those employees who make an enrollment change during Open Enrollment and who elect to receive the statement in the mail.
This year, although the online confirmation statements were correct, the printed version for some employees included an error in the employee’s shared savings selections on the bottom of page 2 and showed an election that was not what the employee chose. The issue was caused by system logic that did not correctly pull the employee’s shared savings choice into the printed version. The issue has since been resolved, and employees should be assured that the correct selection is in the People First system. To confirm, employees should log in to view their online confirmation statements.
To view your confirmation statement online, log in to People First, select the “Insurance Benefits” box and then select “Confirmation Statement.” Employees can view or change a shared savings selection at any time during the year by logging in to People First and selecting the “Shared Savings” quick link on the employee landing page.
Review upcoming paychecks for insurance deductions
Every payday, especially following Open Enrollment, it’s important to confirm that your insurance premiums are being deducted correctly.
A majority of state plan premiums, with the exception of Flex Spending Accounts, are deducted a month in advance. State-sponsored plan premiums (such as health, basic and optional life, dental, vision, etc.) will be taken out on the Dec. 7 and 21 paychecks for January coverage.
Premiums for UFSelect and GatorCare plans are deducted within the same month of coverage, and deductions for 2019 coverage will begin on the Jan. 4 and 18 paychecks.
Please review all deductions carefully. If you are switching between UF-sponsored plans and state-sponsored plans, be sure to review your paychecks for deductions that may represent duplicate enrollments. If your paycheck does not reflect proper deductions for your current plans or for those you elected during Open Enrollment, contact UFHR Benefits at (352) 392-2477 or benefits@ufl.edu as soon as possible.
FSA contribution limit increase
During Open Enrollment, more than 2,100 individuals elected to contribute the maximum amount to their flexible spending account (FSA). The IRS has since raised the 2019 maximum contribution limit for FSAs from $2,650 to $2,700. The Division of State Group Insurance (DSGI) will be reaching out to these individuals by email to give them the opportunity to increase their contributions to the new maximum allowed amount. There is no action needed on your part. Questions can be emailed to kodie.nix@dms.myflorida.com. (Please do not contact People First with questions.)
DSGI survey for those who have opted out of health insurance coverage
On Monday, Dec. 3, DSGI sent out a short survey to people who have opted out of health insurance coverage. The survey will be open through Friday, Dec. 14, and a reminder will be emailed on Monday, Dec. 10. The survey is hosted online through Survey Monkey and is completely optional. Responses will be anonymous. Please know that the survey is legitimate and not spam.