Benefits-eligible employees have the opportunity to choose a new plan at the $2,000, $2,700 or $5,000 deductible levels, or simply remain in their current plan. The deductible for the $2,600 High Deductible Health Plan (HDHP) will increase to $2,700 to meet the Internal Revenue Service’s minimum annual deductible requirement for HDHPs. There is no need to re-elect this plan if you wish to continue the plan into 2018.
Medical premiums will increase by two percent for 2018, significantly less than the 8% national average. There will be no increase in Dental or Vision premiums.
As of Jan. 1, 2018, SMU’s Blue Cross Blue Shield of Texas (BCBSTX) plans will include MDLIVE Virtual Visits. The service provides 24/7/365 access to board-certified physicians for non-emergency medical care through phone or video consultation.
SMU employees on University health plans also have access to SurgeryPlus, as announced in August. This supplemental benefit provides negotiated costs and management for hundreds of non-emergent procedures.
Also effective Jan. 1, 2018, parents may enroll their unmarried dependent children in the Dental Plan through age 25, regardless of student status. BCBSTX will no longer request student certification for these enrollees.
The open-enrollment period is the only opportunity for SMU employees to make changes to benefits elections for the coming year, unless you have a qualified life event such as marriage or the birth of a child.
For 2018 Open Enrollment, you must take action if:
- You want to make changes to your current coverage, including adding or dropping dependents (eligible dependents include legal spouses and children).
- You want to participate in one or both of the Flexible Spending Accounts (FSAs) or the Health Savings Account (HSA) in 2018. You must re-enroll in the FSAs or the HSA even if you participated in 2017.
In order to comply with the reporting requirements of the Affordable Care Act (ACA), a Social Security number (SSN) is required for every individual enrolled in the SMU Medical Plan. If you have a spouse or dependent child enrolled in the plan, it is important that you enter a SSN for each.
SMU uses a secure online open-enrollment application available through My.SMU.edu. To make your benefits elections for 2018:
- Log in to My.SMU.edu as you normally would to review your pay statement.
- Click or tap Employee Self Service from the dropdown menu in the top navigation bar, then click or tap the Benefits box
- Choose Benefits Enrollment from the left sidebar to access your personalized Open Enrollment record.
- Be sure to read all instructions carefully before making elections for 2018.
You will receive a confirmation statement summarizing your 2018 benefits elections in early December 2017.