2016 Open Enrollment
Open Enrollment is an annual process that affords you the opportunity to enroll in new benefit plans or make changes to your existing coverage effective January 1. This year’s Open Enrollment period for benefits will be from November 1, 2015 through November 30, 2015. If you are not changing your elections, you do not need to re-enroll and your current 2015 benefits will remain in effect through December 31, 2016 – except for Healthcare and Dependent Care Flexible Spending Account (FSA) plans, which you must re-enroll in every plan year.
All enrollments and/or changes for 2016 must be completed via the Benefits Service Center’s web-based enrollment system by Nov. 30, 2015, accessed through DrexelOne’s single sign-on:
- Log in to DrexelOne and select the Employees tab.
- In the bottom right corner click on the link to the Benefits Service Center.
- Once in in the system, you will see the Open Enrollment Welcome Page and the EnrollOnline button that you will click in order to review your current elections and/or to make changes for 2016.
- Remember to to update your beneficiaries.
- If you have any questions or problems, please contact the Benefits Service Center at 888.971.0101.
Open Enrollment Benefit Fairs
To learn more about your benefits and how to use them effectively, please attend one of the Open Enrollment Benefit Fairs. The fairs will be held on all campuses and will include massage therapy, vision screenings, raffles and prizes, as well as representatives from Human Resources, benefit providers and the Drexel Recreation Center.
November 9, 2015:The Academy of Natural Sciences (1700 Ben Franklin Pkwy), The Commons, 11:30am - 1:30pm
November 10, 2015: University City Campus, Drexel Recreation Center (33rd and Market Sts), 1st Floor, 11:30am - 1:30pm
November 19, 2015: Queen Lane Campus (2900 Queen Lane), The Atrium, 11:30am - 1:30pm
November 19, 2015: Sacramento Campus Video Conference, 3:30 - 5pm(EST)
November 20, 2015: Center City Campus, New College Building (245 N 15th St), Room 3506, 11:30am - 1:30pm
2016 Plan Highlights
- We're pleased to announce that Drexel is able to hold our medical premium increase to an average of 5% again, compared to the national average of 8%. This is the sixth consecutive year that medical increases have been well under national averages and in single digits.
- Keystone POS plan Emergency Room copay increases from $75 to $100
- The Personal Choice Basic plan Emergency Room copay increases from $75 to $100; the in-network out-of-pocket maximum increases from $1,000 Single/$2,000 Family to $2,000 Single/$4,000 Family; and the out-of-network deductible increases from $750 Single/$1,500 Family to $1,000 Single/$2,000 Family.
- The Personal Choice High plan Emergency Room copay increases from $75 to $100, and the in-network out-of-pocket maximum increases from $1,000 Single/$2,000 Family to $2,000 Single/$4,000 Family.
- High Deductible Health Plan (HDHP): medical plan option added last year will have no rate increase and will continue to provide an opportunity for faculty and professional staff to significantly reduce payroll premium deductions in exchange for incurring a larger share of consumer-driven out-of-pocket costs throughout the benefit year. HDHP is a lower cost plan with a higher deductible than the Keystone POS and Personal Choice plans and is offered in conjunction with a Health Savings Account (HSA). An HSA is a tax-advantaged medical savings account owned by the faculty or professional staff member, and the University continues to contribute $500 to each HSA account with individual coverage or $1,000 for those with family coverage. The annual contribution limit for family coverage increases from $6,650 to $6,750.
- Waive Coverage: Full-time benefit-eligible employees scheduled to work 40 hours weekly, and who have coverage through a spouse or other source (other than Medicare), may elect to waive Medical/Prescription coverage and receive a $100 monthly waiver bonus. To receive the waiver credit, log into the Drexel Benefits Service Center through DrexelOne, waive your medical coverage, and then submit the Medical Waiver (Opt-Out) Statement (linked below) with a copy of the front and back of your current medical card. Employees that have waived their Medical/Prescription coverage are required to submit a new waiver form yearly.
- Keystone POS and Personal Choice Medical Plans: To search and view information on Drexel doctors, please visit the Drexel University College of Medicine website.
- Dental: Cigna remains our preferred dental carrier with slightly lower rates in 2016, no plan design changes and the same strong dental provider network. Coverage remains available for eligible dependents up to age 26.
- Vision: There are no plan design changes and no rate increase. Coverage remains with Davis Vision (IBC).
- A 30-day retail supply of Generic drugs will now have a $10 co-pay; Preferred Brand drugs will now have a $30 co-pay; Non-preferred Brand drugs will now have a $50 copay.
- Mail order copays for a 90-day mail-order supply will be $20, $60 and $100 respectively.
- Employees will still be able to purchase a 90-day prescription supply, at mail-order prices, at participating pharmacies including Rite Aid, Walmart and Target.
Flexible Spending Accounts
- To take advantage of the tax savings of Healthcare and Dependent Care FSA plans, you must re-enroll each year.
- Beginning in 2016, the maximum in the Healthcare FSA increases from $2,000 to $2,500.
- You are able to roll over up to $500 each year in the Healthcare FSA, but any balance above $500 is subject to forfeit.
- Non-Drexel/Non-Tenet Parking Facilities and Mass Transit:
- You can elect to use pre-tax dollars to pay for parking at non-Drexel/non-Tenet parking garages and for mass transit expenses. Orders for passes and permits will be placed online with YSA and payment will be made via pre-tax payroll deductions (up to the monthly limit that the IRS has allotted).
- Beginning in 2016, the maximum pre-tax amount that may be contributed to the parking account increases from $250 to $255 per month. There is no change in transit and the maximum contribution remains $130 per month. These maximums are subject to change under Federal tax law. You will be notified if any such changes occur during the year.
Life Insurance, Voluntary Benefits and MetLaw
- Life and Disability Insurance Carrier: Our preferred life and disability insurance carrier changes from MetLife to Guardian, and rates will be reduced for both the University and faculty and professional staff.
- Voluntary Benefits Enrollment Platform: Incredible savings on insurance and other benefits through one convenient payroll deduction. The online system provides easy access and enrollment, with hundreds of shopping discounts as well. Enroll at DrexelVoluntaryBenefits.com.
- MetLaw Hyatt Legal plan has been enhanced from Premier to MetLaw. Please review the MetLaw Premier Comparison link below for an overview of the enhanced services.
- 403(b) Retirement Program: Now is a good time to review your participation in the 403(b) program and contact your retirement plan provider to review your contribution, fund allocation and beneficiaries. For more information, see the 403(b) Retirement Plan page.
- Eligible Dependents: Eligible dependents for healthcare coverage include your legally married spouse (same or opposite-sex) and your naturally born or adopted children or stepchildren up to age 26. Ineligible dependents include divorced spouses, grandchildren, nieces and nephews, and any other children you do not have legal custody of. Drexel has contracted with an outside firm to conduct a dependent eligibility audit at the conclusion of Open Enrollment. Drexel reserves the right to request proper documentation showing dependent status at any time and may conduct a dependent eligibility audit in the very near future. Open Enrollment is your opportunity to remove ineligible dependents from your coverage with no questions asked. If you have any questions on how to do so, please contact the Benefits Service Center at 888-971-0101.