Annual enrollment is your opportunity to learn about the 2021 Monroe College Employee Benefits program, review your current coverage and choose the best options for you and your family. The elections you make during this Annual Enrollment period will take effect on May 1, 2021 and continue through April 30, 2022.
Please review the 2021 Benefits Guidebook and attend our upcoming education session to learn more about your benefit options for the May 1, 2021 plan year.
Highlights for 2021:
If you missed the March 9 Open Enrollment Presentation; click here or below to listen to the recording, and see the slide deck below.
Good news for 2021 – there will be no increase to your payroll cost for coverage again this year!
While the cost for our plan is increasing, because of the challenges the last year has brought to all of us, we will not be sharing that increase with employees. Unless you change your plan election or add/remove a dependent from your plan, your payroll deduction for your medical plan will not change.
In addition, there will be no changes to how our plans work again this year. That means what you pay out-of-pocket for the plans’ deductibles, copays, coinsurance, etc. will all stay the same for the new plan year.
Health Reimbursement Account (HRA)
If you enroll in the HRA or Enhanced HRA plan, the College will fund your Health Reimbursement Account up to $750 for Employee Coverage or $1,500 with dependents enrolled.
Health Savings Account (HSA)
If you enroll in the HSA or Enhanced HSA plan, Monroe College will continue to provide a contribution to your Health Savings Account:
The maximum you may contribute to an HSA in 2021, as set by the IRS is:
As a Monroe College employee, you have access to these voluntary plan options from Cigna:
These plans pay a cash benefit for covered services. Refer to the information below to reach more about each of these plan options.
The Monroe College Dental plan will remain the same for the May 2021 plan year, with no change to the plan’s deductible or coinsurance. Refer to the 2021 Benefit Guidebook for details regarding payroll costs.
Monroe College’s Dental plan is a PPO plan, meaning the benefits paid by the plan differ for services provided by dentists that are part of the Cigna dental network, as compared to out-of-network dentists. Keep in mind that you will limit your out-of-pocket cost for services if you choose a Cigna participating dentist, as they will accept Cigna’s allowed amount as payment in full. In addition, the plan has a lower deductible and pays a higher percentage of the allowed amount for certain services (e.g., fillings, oral surgery, endodontics) when you visit a Cigna network dentist.
Monroe College provides you with additional benefits at no cost to you:
Additional employee-paid benefits available to you:
This is a passive enrollment, so some elections you have in place today will roll forward to the May 1, 2021 – April 30, 2022 plan year and remain in place during that time.
Flexible Spending Account (FSA) and Health Savings Account (HSA) election will not carry forward to the new plan year. You must make these benefit elections each year during annual enrollment if you would like them to continue.
Unless you have a mid-year life event, your next opportunity to elect Monroe College’s benefits will be in March 2022 (for coverage effective May 1, 2022).
You have from March 9 through March 19, 2021 to make your election. Use the ADP link to get started!