Introducing Benefits Open Enrollment & Plan Changes
This year, Insurance Open Enrollment (IOE) will become Benefits Open Enrollment (BOE) as a few major changes will occur. First, benefits will transition to a calendar-based plan year. We will also move to one combined annual open enrollment starting next year for both IOE and Flexible Spending Account Open Enrollment (FSA OE).
To allow this move to calendar-based plan years and one consolidated annual enrollment period for all benefits, there will be two enrollment periods in 2020. They will be called BOE Part 1 and BOE Part 2.
BOE Part 1 took place August 3, 2020 through August 18, 2020. Like IOE in the past, employees were able to change or enroll in the usual benefits – health, dental, vision, disability, and life insurance – and add or remove dependents. To shift to calendar-based plan years in 2021 for all benefits, the coverage period for BOE Part 1 elections will last only three months from October 4, 2020 through December 31, 2020.
BOE Part 2 will take place from November 2, 2020 through November 24, 2020. Benefit elections during BOE Part 2 will have coverage effective from January 1, 2021 through December 31, 2021. It will include both insurance and FSA enrollment, beginning a single, comprehensive open enrollment for state insurance and FSA benefits. This will occur each fall moving forward, with benefit elections effective the following January 1.
Deductibles Effective January 1, 2021
Employees will pay no more in deductibles during the combined 15-month coverage period for BOE Parts 1 and 2 than they would during a traditional 12-month plan year. As a result, HMO deductibles were waived for the BOE Part 1 coverage period of October 4, 2020 through December 31, 2020. HMO deductibles will be reinstated on January 1, 2021 to $125 per individual and $250 per family for the BOE Part 2 coverage period of January 1, 2021 through December 31, 2021.
Deductibles for the State Health Plan PPO (SHP PPO) were not impacted by the combined 15-month coverage period and will continue to reset effective January 1. Any amount accumulated toward the in-network deductible for dates of service during the BOE Part 1 coverage period (October through December) will be applied to the in-network deductible for calendar year 2021.