Faculty and Staff: For Your Benefit

Open Enrollment Begins October 13

Open Enrollment begins October 13 and runs through October 31, 2014. This is your annual opportunity to review, enroll, or make changes to your medical, dental, flexible spending and disability benefits. If you are currently participating in the University’s medical plan, please remember that your medical plan elections do not roll over and it’s important that you either elect or decline medical coverage for 2015, as well as confirm your smokers’ and spousal surcharge elections during Open Enrollment. If you do not, you and your covered dependents will be placed in the Aetna HRA option, and the increased smokers’ and spousal surcharges will apply for 2015.

Please visit the Open Enrollment website for more information about your 2015 benefits, the open enrollment process, and to review the webcast and live information sessions schedule. And don’t forget to mark your calendars to visit the Benefits Fair, featuring a Workday preview and glimpse of the new career and compensation plan, benefits vendors, giveaways, free chair massages, flu shots, and more. Click here to view the complete schedule.

This is also a great time to review your retirement savings. If you are a participant in the Faculty Retirement Plan or the Employees’ Retirement Plan, Open Enrollment is the perfect time to begin or increase your voluntary contributions in addition to what the University is contributing to help secure your financial wellness. If you are in the Retirement Savings Plan, you could be missing out on free money if you’re contributing less than 5 percent to the plan. Visit netbenefits.com/um or call 1-800-642-7131 to get started. You can receive personalized assistance in person or by phone. It’s never too early or too late to get started.

If you have any questions about your ’Canes Total Rewards or the Open Enrollment process, please call HR-Benefits at 305-284-3004 or miami.edu/benefits/ask.