Open Enrollment

DID YOU KNOW? N E W S L E T T E R Every year, you have one opportunity - open enrollment - to add, drop, or make changes to your existing coverage. Aside from open enrollment, you may only make changes if you experience a qualifying life event. OPEN ENROLLMENT IS YOUR CHANCE TO SELECT YOUR BENEFITS QUALIFYING LIFE EVENTS Marriage Divorce Birth of your child Adoption of your child Turning age 26 Dependent turns age 26 Retirement Death of a spouse Death of a dependent Moving out of area of coverage New job Loss of job Loss of spouse's job It's important to treat every open enrollment like you're reviewing your benefits for the first time, because each benefit can undergo changes from year to year. These changes can be major (like a change in your deductible) or minor (like a change in your specialist copay). Your health can also change from year to year. For example, let's say that staring at the computer all day has caused your previously perfect eyesight to deteriorate. You suspect you need glasses, but haven't ever enrolled in vision insurance before. You can enroll in vision benefits during open enrollment, and enroll in an HSA or FSA to set aside pre-tax money that can pay for glasses or contacts. Whatever reason you have for changing your benefits, be sure to get your elections in during your company's designated open enrollment period! 2020 OPEN ENROLLMENT DATES: