2024 Open Enrollment
OPEN ENROLLMENT 2024 FOR EMPLOYEES IS NOW CLOSED
OPEN ENROLLMENT FOR RETIREES ENDS ON NOVEMBER 22, 2023
Retiree Open Enrollment Information
Changes made to your benefits during Open Enrollment will take effect on January 1, 2024. A confirmation statement was emailed to you. You can also obtain a copy of your confirmation statement by following the instructions below. Please review your confirmation statement for a summary of your benefit elections and to ensure accuracy.
IRS regulations prohibit changes outside of open enrollment unless you experience a Qualifying Life Event and report it within 31 days.
- Log in to DrexelOne and select the Employee tab.
- Scroll down to the My Benefits section on the left-hand side of the screen and select the link for My Drexel Benefits which will directly connect you to your account in the enrollment portal.
- On the main page of enrollment portal, Your Toolbox is located on the right-hand side of the screen. Access your confirmation statement under the “Benefit Confirmation Statement/Saved Documents” section.
Here is what you can expect from your employee benefits at the end of this year and the beginning of 2024.
- New Medical/Prescription drug ID card: By the end of December, members and their dependents will receive a new ID card from Independence for both Medical and Prescription drug coverage.
- Medical Waiver: If you did not complete the waiver process during Open Enrollment for 2024, you have been enrolled in the POS (or PPO Basic for out of area), and premiums will be deducted from your paycheck, effective January 1, 2024.
- Wellness Incentive Program: If you would like to get a head start on the 2024 Wellness Incentive Program, there are workshops scheduled through the end of 2023 that will be applied in the 2024 program. Learn more by visiting the Drexel Wellness Incentive Program webpage.
- Flexible Spending Account (FSA): If you were enrolled in a Health Care and/or Dependent Care FSA in 2023 but took no action during the Open Enrollment window, you will have no paycheck contributions into these accounts beginning January 1, 2024. Mid-year changes will only be allowed with a qualifying life event.
- Consumer Directed Health Plan Medical/Rx Plan Deductible Change: Due to IRS (Internal Revenue Service) regulation updates, the Consumer Directed Health Plan’s annual deductible is increasing to $1,600 (individual) and $3,200 (family).
- Telemedicine Services: Effective January 1, 2024, Drexel’s telemedicine benefit provider is changing from MDLive to Teladoc, offering an expanded network of providers and lower service costs. Teledermatology and Telebehavioral health services will continue to be part of the telemedicine benefit.
New employees hired between now and December 1, 2023: Drexel’s benefit plan year runs from January 1 through December 31. As a new employee, you will be required to complete your new hire benefit enrollment for the remainder of the 2023 plan year, in addition to your 2024 annual enrollment, for benefits effective January 1, 2024. You will be offered two separate enrollment opportunities on the enrollment portal. To complete your enrollment(s):
- Log in to DrexelOne and select the Employee tab.
- Scroll down to the My Benefits heading on the left-hand side of the screen and select the link for My Drexel Benefits which will directly connect you to your account in the enrollment portal.
- Click the Enroll button at the top of the page to complete your enrollment process.
New employees hired on or after December 2, 2023: Your benefits will be effective January 1, 2024. You will only need to complete one enrollment for 2024.
As a new hire, you have 31 days from your date of hire to complete your benefit enrollment for both plan years. Please review the resources below to learn more about your Drexel benefits, the enrollment process, and important deadlines.
Medical Coverage Waivers for Full-time Employees: Full-time employees who do not wish to be covered by a Drexel medical plan are required to waive coverage each year. If you waived coverage in 2023, you have been automatically enrolled in the Point of Service Plan (POS) – or PPO Basic for employees out of area – for 2024 and will remain enrolled until you log into the enrollment system and affirmatively select the waiver option for 2024. If you do not complete the waiver process during open enrollment for 2024, you will be covered by the POS (or PPO Basic) and premiums will be deducted from your paycheck starting on Jan. 1, 2024.
Please note, the waiver is a two-step process. If you exit the system before you complete the second step that confirms the waive option, you have not completed the process and you will remain in the plan for 2024 with deductions.
Important Consideration: Short-Term Disability (STD)
This voluntary, 100-percent employee-paid benefit helps to protect your income in the event that you need to go out on an approved disability leave (including family medical leave). To use this benefit, you would need to have been enrolled in it as of the beginning of the plan year in which your disability occurred (either during open enrollment or as a new hire). There is no life event that will allow enrollment into this benefit mid-year, so if you are not currently enrolled, please be sure to review your options during this enrollment period.
- Voluntary STD coverage may be a great option if you do not have enough accrued and unused paid time off to replace your income while out on disability.
- STD provides income replacement protection for a disability lasting 90 days.
- Rates for STD coverage are based on the coverage amount selected and age. Premiums are deducted from your paycheck on a post-tax basis, and the weekly benefit you receive is tax-free.
- If it is determined you are still disabled at the duration of STD, you will transition to Long-Term Disability (LTD)*.
*Full-time, benefit-eligible, faculty and staff are provided with Long-Term Disability (LTD) coverage at no cost.
For more details on this benefit, please visit the Life and Disability Insurance webpage.
Retiree Medicare Advantage Plan Transition
Retiree Open Enrollment Ends Nov. 22, 2023
Effective Jan. 1, 2024, Drexel University will transition our Medicare Advantage plan for Medicare-eligible retirees from the Personal Choice 65 PPO plan to the Secure Preferred (PPO) with Senior Rx Plus plan. This plan is being offered with significant rate reductions, an expanded network of providers and additional services such as enhanced hearing aid benefits.
Premiums for single coverage are being reduced monthly by 21.8 percent, from $355.95 with the Personal Choice 65 PPO to $278.52 with Secure Preferred PPO. Those eligible for a subsidy will have their cost reduced by their subsidy amount.
- Retirees who wish to continue with the Drexel Sponsored Medicare Advantage plan: There is no action required, and all enrolled retirees will automatically transition to the new Secure Preferred PPO effective Jan. 1, 2024. Retirees who do not wish to continue with the Drexel-sponsored plan will need to call the Drexel University Benefits Center at 844.690.3992 to cancel their coverage.
- Medicare eligible retirees and spouses/domestic partners should receive in the mail material from Drexel, Blue Medicare Advantage and WEX concerning the transition and next steps.
- If you want to keep the Drexel sponsored medical plan, you do not need to do anything — the transition will be managed by Independence Blue Cross and Blue Medicare Advantage.
- Questions related to this transition can be directed to the Secure Preferred PPO First Impressions Welcome Center at 1-844-451-2069.
Please review the information below for more details to assist you through the enrollment process.
Medicare Transition Supporting Material
2024 Retiree Premiums
Additional Open Enrollment Resources
Please review the information below for more details to assist you through the enrollment process. Select each subheading for information about how to enroll, 2024 benefit plan rates, 2024 benefit plan summaries, 2024 Open Enrollment Benefits Presentation, and more! Virtual benefit presentations will also be available throughout Open Enrollment. Learn more by selecting "Virtual Info Sessions" at the bottom of this page.
Below are the medical, dental and vision rates for 2024. Select the rate sheet that applies to you based on whether you are an active employee or non-Medicare retiree, full-time or part-time, or paid on a monthly, bi-weekly, or weekly basis. The rates are also available in the My Drexel Benefits online enrollment portal.
Rates for life insurance and disability vary by employee based on your age, salary and election. You can view your specific rates within the My Drexel Benefits enrollment portal.
Active Employees and Non-Medicare Retirees
Medical and Rx Highlights
Medical Plans Summary of Benefit and Coverage
New for this year, Drexel Human Resources is providing an On-Demand Benefits Review slide deck and presentation recording that you can access any time to review the updates for 2024.
In case you missed it: full and part-time benefit-eligible employees have access to the SEPTA Key Advantage Program! Through the program, eligible employees have access to a monthly “Anywhere Pass” that allows full access to all SEPTA transit options, including rails, trolley, and buses – at just $20 per month, pre-tax payroll deductions. Those who have not yet enrolled have until Dec. 20, 2023, to register for the program through jawnt to secure a pass for January 2024. For more information on the program, please visit the Drexel Septa Key Advantage Program webpage. Employees can also manage this benefit through DrexelOne: Navigate to the Employee tab, My Benefits section and then click on the SEPTA Key Advantage Program link and use your Drexel email address. Reminder: Any changes you make to your SEPTA Key Cards need to be updated with jawnt to ensure no disruption in your monthly pass being loaded to the correct card.
Please note, eligible employees can enroll in this program at any time, not just during open enrollment.
The healthcare experts at Health Advocate can help you understand your coverage, explain your share of the costs (i.e., deductibles, copays, and coinsurance), locate in-network providers, and more. Call for a free consultation at 1.866.695.8622.
If you have questions about the enrollment process, how to waive your medical or anything related to Open Enrollment, please contact the Drexel University Benefits Center by phone at 1.844.690.3992, email at email@example.com, or use the chat function (general questions only*) in the enrollment portal. A benefits representative is available Monday-Friday from 8:30 a.m. until 7 p.m. (EST). *Certain confidential information such as plan details or personal identifiable information cannot be relayed over chat or email and may require a phone call.