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2015 Healthcare Open Enrollment for Drexel University Employees

Ready to enroll in benefits?

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 will be from November 1, 2014 through November 30, 2014If you are not changing your elections, you do not need to re-enroll and your current 2014 benefits will remain in effect through December 31, 2015 – except for Healthcare and Dependent Care Flexible Spending Account (FSA) plans, which you must re-enroll in every plan year.

 

Open Enrollment Benefit Fairs

November 5, 2014: Queen Lane Campus (2900 Queen Lane), The Atrium, 11:30 am - 1:30 pm

November 6, 2014: University City Campus, Drexel Recreation Center (33rd and Market Sts), 1st Floor, 11:30am - 1:30 pm

November 11, 2014: The Academy of Natural Sciences, The Commons Room, 11:30am - 1:30 pm

November 14, 2014: Center City Campus, New College Building (245 N 15th St), Room 3506, 11:30am - 1:30 pm

2015 Plan Highlights

  • New High Deductible Health Plan (HDHP): A new high-quality, low-cost medical plan, the Drexel HDHP through Independence Blue Cross, is available as a fourth medical plan option.
    • The Drexel 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 designed to be used in conjunction with a federally qualified high deductible health insurance plan. Money contributed to the account is not subject to federal tax at the time of deposit (pre-tax dollars). Unlike amounts in flexible spending accounts that are forfeited if not used by the end of the year, unused HSA funds remain available for use in later years, are portable and can grow tax-free through investment earnings, just like an IRA.
    • HSA funds can be used to save for future medical expenses or help bridge the gap to benefits until the annual health plan deductible is met.
    • To learn more about the new HDHP, please attend one of the HDHP seminars:
      • Oct. 21 – University City Campus, 1-2 p.m., in the Liberty View Conf Room, MacAlister Hall
      • Oct. 22 – University City Campus, 1-2 p.m., in the Sky View Conf Room, MacAlister Hall
      • Oct. 23 – Queen Lane Campus, 2-3:30 p.m., in Classroom A-8 
      • Oct. 27  – Center City Campus, 1:30-3 p.m., in the DiPalma Conf Room (610-1) New College Bldg
      • Oct. 28  –  Academy of Natural Sciences, 1-3 p.m., in the Bird Classroom 

    2015 Rate Summaries