2014 Open Enrollment for Drexel University Employees
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, 2013 through November 30, 2013. If you are not changing your elections, you do not need to re-enroll and your current 2013 benefits will remain in effect through December 31, 2014 – 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, 2013: Queen Lane Campus (2900 Queen Lane), The Atrium, 11:00 am - 2:00 pm
- Raffle Winner: Joy Hudson, Neurobiology and Anatomy
November 7, 2013: University City Campus, Drexel Recreation Center (33rd and Market Sts), 1st Floor, 11:00 am - 2:00 pm
- CIGNA Raffle Winner: Shelley Kardon, Institutional Advancement
- Fidelity Raffle Winner: Mary Beth Beyer, English & Philosophy
November 11, 2013: The Academy of Natural Sciences, The Commons Room, 11:00 am - 2:00pm
November 15, 2013: Center City Campus, New College Building (245 N 15th St), Room 3506, 11:00 am - 2:00 pm
2014 Plan Highlights
- Medical: Independence Blue Cross (IBC) continues to provide our medical coverage and there are no plan design changes. While the national average is 7%, we’re pleased that we’re able to hold our medical premium increase to an average of 2%. This is the fifth consecutive year that medical increases have been well under national averages and in single digits. To search and view information on Drexel doctors, please visit the Drexel University College of Medicine website.
- Dental:There are no plan design changes and no rate increase. Coverage remains available for eligible dependents up to age 26.
- Prescription Drugs: All plan provisions remain the same with a 9% rate increase. Generic drugs continue to have only a $5 co-pay. Express Scripts and Medco have merged their formulary lists, resulting in 48 drugs no longer being covered. Personalized notices will be sent to those impacted providing alternatives to be discussed with your physician.
- Vision: Coverage is moved from EyeMed to Davis Vision (IBC). Rates will decrease by 13%, coverage will increase from a $100 frame allowance to a $130 frame allowance, and frame selection is significantly increased. Coverage remains available for eligible dependents up to age 26.
- Life and Disability Insurance Carrier:MetLife continues to provide our Voluntary Short Term Disability, Voluntary Life and Voluntary Personal Accident options and there are no plan design changes.
- 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.
- Flexible Spending Accounts: To take advantage of the tax savings of Healthcare and Dependent care FSA plans, you must re-enroll each year.
- Employee Assistance Plan (EAP) + Work/Life Program: Our EAP + Work/Life program will remain with HealthAdvocate. Health Advocate can help with claims issues, Medicare questions, comparing medical plan offerings and much more. The EAP is a free service designed to help you better balance the demands of work and life. You will be able to talk to a licensed EAP counselor through telephone or by email, 24/7, who can help you with stress, depression, parenting issues or other temporary setbacks. Your personal information is kept completely confidential and private. Call them at 866-799-2728. Please look for information from Health Advocate at the Benefits Fairs in November or on the Health Advocate website.
- Domestic Partner coverage: Regardless of state of residence, as long as same-sex domestic partners have been married, the IRS recently removed the stipulation that the cost of the domestic partner’s coverage must be included in the employee’s taxable income.
- 403(b) Retirement Program: The end of the year is a great time to review your fund allocation and consider increasing your contribution. Free, professional assistance is available from all three vendors. Please see the general counseling information on the Benefits website.
- 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. 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.
2014 Rate Summaries