It’s that time of year again – Open Enrollment is just around the corner! You will be able to update your benefits elections in Workday Monday, Oct. 25-Monday, Nov. 8, but you can get a jump-start today by learning about what’s to offer this year.
Below are some steps you can take right now to set yourself up for success once Open Enrollment starts, and you can find more information on health, wellness, and insurance benefits on the Open Enrollment website.
- Sign up for a webinar
There’s a lot to offer during Open Enrollment, so the Health Plans and Benefits teams are presenting webinars to provide an overview of what to expect this year and what’s changing from your current benefits. There will also be virtual events, with details on specific services, from our vendors like Gympass and Power of Vitality.
- Complete your health assessment
USC’s health assessment incentive deadline has been extended to Friday, Dec. 17, 2021 for earning the incentive for the remainder of 2021 and 2022. If you have already completed the health assessment and qualify for the savings in 2021, you are automatically enrolled to save $480 on your 2022 medical plan. In 2022, as we focus on preventive care, we are pivoting our health assessment screening requirement to be provided only through your primary care physician. Starting Saturday, Jan. 1, 2022, onsite screening events and LabCorp options will no longer be available. We understand that visiting your doctor will take more time, so you will have the entire 2022 calendar year to complete your health assessment steps to qualify to earn the $480 credit for 2023.
- Review your benefits to find out your options
From medical plans to life insurance, there are many benefits for you and your dependents to consider. Be sure to review all the options now so you are ready to make your elections once Open Enrollment begins.
- Consider your costs
With a variety of plans and rates, there is something to suit everyone and their individual needs. Explore the Open Enrollment site to learn more and decide what’s the best financial fit for you and your dependents.
- Determine if you want a Flexible Spending Account (FSA)
FSAs are a great way to save money, and Open Enrollment is the only time you are able to sign up for one or make changes to an existing account. Now is the time to educate yourself and decide whether or not an FSA is right for you.
- Review the Spousal Surcharge
This $100-per-month surcharge resets to “Select,” which means this fee gets added to your record if you are covering a spouse or registered domestic partner. If it doesn’t apply, change it to “Waive” to avoid the charge.