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Auburn University Open Enrollment November 1-30, 2018

Ready, set, enroll! Don't miss the opportunity to make changes to your benefit elections. Visit aub.ie/benefits to enroll in coverage, cancel existing coverage, or make changes. New options available this year. Review benefit elections and new options early. Learn more at aub.ie/benefits.

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Auburn University Open Enrollment November 1-30, 2018

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  1. Auburn UniversityOpen Enrollment November 1-30, 2018 Ready, set, enroll! aub.ie/benefits

  2. Remember These Dates • Open Enrollment begins: Thursday, Nov. 1, 2018 • Open Enrollment ends: Friday, Nov. 30, 2018, at 4:45 p.m. • During Open Enrollment, you have the opportunity to: • Enroll in coverage, • Cancel existing coverage, or • Make changes to benefit elections. • Effective Jan. 1, 2019 aub.ie/benefits

  3. New This Year! • Online enrollment via AU Access !!!! • We encourage you to review benefit elections and new options which will be offered this year. • On-site Benefit Enrollers will assist employees in November: • Human Resources Liaisons have scheduled enrollers for their schools, colleges, and departments • On-site benefits enroller in Human Resources • Available via Call Center at 1-844-235-0092 • All day at AU Benefits Fair on Nov. 14, from 7 a.m. to 5 p.m. - No appointment required aub.ie/benefits

  4. Health Plan Changes for 2019 • Blue Cross/Blue Shield of Alabama health plan changes • Health insurance premium increase of 3% (monthly increase of $3.25 to $15.45 based on salary tier and type of coverage) • Premium is deducted on a pre-tax basis • Out-of-pocket maximum increase to $7,900 for single coverage and $15,800 for family coverage (Protects insureds in the event of a catastrophic claim) • Tier 5 prescriptions - 25% co-insurance up to $800 maximum per prescription before application of coupon(s) aub.ie/benefits

  5. Critical Illness Insurance You can now purchase Critical Illness Insurance! • Provides a lump sum benefit of either $10,000 or $30,000 • Provides coverage for heart attack, stroke, and other illnesses • Guaranteed issue regardless of health status (12-month pre-existing condition applies) • Can purchase for self and eligible dependents aub.ie/benefits

  6. Cancer Insurance Two New and Improved Cancer Plans in 2019! • Increased initial diagnosis benefit on both plans • Guaranteed issue regardless of health status (12-month pre-existing condition applies) • Can purchase on self and eligible dependents • If currently enrolled in group cancer plan, you may keep your current plan aub.ie/benefits

  7. Life Insurances • Guaranteed Issue Life Insurance Plans regardless of health status! • Can purchase on self or eligible dependents • Term Life insurance through The Standard • Whole Life insurance through Colonial Life aub.ie/benefits

  8. Long-Term Disability (LTD) Insurance • LTD through The Standard is provided to all full-time, benefit-eligible employees who have been employed at least one year • Provides 60 percent of pre-disability eligible income: Minimum $100/month: Maximum $7000/month • New options for LTD coverage in 2019: • New employees - employed in 2018 may purchase group LTD plan at guaranteed issue regardless of health status for first year • Employees employed for over one year- may purchase an additional 10 percent of LTD coverage at guaranteed issue regardless of health status (for total of 70 percent coverage) aub.ie/benefits

  9. Important Information • You MUST enroll or re-enroll in Flexible Spending Account Plans • Includes Flexible Medical Spending Account up to $2,650 per employee annually and/or • Dependent Care Spending Account for child/elder care expenses up to $5,000 per household annually • Current elections end on December 31, 2018 • Carryover provision on Medical Spending Account allows you to carry up to $500 of unused Medical Spending Account funds into the next plan year aub.ie/benefits

  10. AU Retirement Plans • Retirement Systems of Alabama (RSA) • Defined Benefit Plan • Required for all eligible employees appointed 50% or more time • Tier 1 (prior to January 1, 2013) - 7.50% contribution • Tier 2 (after January 1, 2013) - 6.0% contribution • Vested after 10 years of service aub.ie/benefits

  11. AU Retirement Plans – 403(b) • 403(b) Tax Deferred Annuity Plan • Vendors include: Fidelity, Lincoln Financial Group, TIAA and VALIC • Employer match for full-time benefit eligible employees up to 5% of compensation, limited to $1,650 per calendar year • Vested after 5 years of eligible service • IRS contributions limit for 2018: • Under age 50 - $18,500 • Over age 50 - $24,500 aub.ie/benefits

  12. AU Retirement Plans – 457(b) • 457(b) Deferred Compensation Plan • Vendors include: Fidelity, TIAA, VALIC, and RSA-1(Division of RSA) • No employer match • IRS Contribution maximum for 2018: • Under age 50 - $18,500 • Over age 50 - $24,500 aub.ie/benefits

  13. More Important Information • No premium increase on BCBSAL dental plan • No increase on Superior Vision plan • Remember the Healthy Tigers discount for employees and their spouses/sponsored adult dependents - up to $600 annually! • Employee Benefits Fair • November 14, 7 a.m.-5 p.m., Beard-Eaves-Memorial Coliseum • Vendors and campus resources will attend and offer prizes! • Benefit enrollers available all day with no appointment required • Healthy Tigers will attend - schedule an appointment ahead of time if possible aub.ie/benefits

  14. Don’t forget! • Please remember that Open Enrollment ends at 4:45 p.m. on November 30, 2018 • No applications/changes will be allowed after this time! aub.ie/benefits

  15. QUESTIONS? Contact Auburn University Human Resources at (334) 844-4145 Open weekdays 7:45 a.m. - 4:45 p.m. aub.ie/benefits

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