About Annual Enrollment
Annual enrollment is the time each year when you may enroll in, change, or drop benefit coverage. Some things to do during annual enrollment:
- Update your personal information in Workday
- Review your options, including any newly-offered benefits
- Enroll or make changes to your current benefit elections
- Add or remove dependents
- Enroll in one of the Flexible Spending Account (FSA) options
- Start or change contributions to a Health Savings Account (HSA)
- Review beneficiaries in Workday
Highlights for 2023: Continuing to Keep Your Costs Low
While there are no major changes to the Freese and Nichols health and wellness plans this year, there are a couple of important highlights:
1. The cost of your insurance remains the same, which we are excited to be able to provide this year.
2. Beginning in 2023, Freese and Nichols will make up to a $1,000 contribution to your Dependent Care Account. A Dependent Care FSA helps participants save money on eligible dependent care services, such as child (up to age 13) or adult daycare, before or after school programs, summer day camp, and more!
- Freese and Nichols will make up to a $1,000 contribution to your Dependent Care account.
- You will be given a password locker for you and your family through Security Keeper. This cyber security password locker can identify and protect against breach activity, theft, and sabotage.
What's the Same
- BlueCross BlueShield will continue to provide our medical, dental, and vision coverage.
- Alight will still be your Healthcare Advocate.
- Unum will continue to provide many products to protect you financially: Life Insurance, Critical Illness and Accident Coverage.
- WEX will continue to manage your FSA/HSA accounts.
- After you have met the deductible on the HDHP, non-preventative expenses will still be covered by the plan at 100% in-network.
- Consider enrolling in the added benefits Freese and Nichols provides, beyond your normal insurance options.
- Beginning October 24, all employees will need to make benefit elections in Workday.
- If you don’t complete open enrollment, most of your current health and insurance coverages will continue in 2023. However, your Flexible Spending Account (FSA), Dependent Care, and Health Savings Account (HSA) will not continue unless you re-enroll.