Open Enrollment dates are November 9 through November 17. If you need additional assistance updating your benefits coverage, stop by the Timothy J. Nelson Innovation Center, room 123 on Wednesday, November 16.
Important Details for 2023
- Flexible Spending Accounts and Health Savings Accounts must be renewed or will carry over to 2023 at $0
- If you don’t want to make any changes, no action is necessary- everything will automatically roll to 2023 (except FSA and HSA)
- It is a good idea to review your life insurance beneficiaries and make updates if needed
- The federal minimum on the deductibles for the High Deductible Plan have increased to $1500 single/ $3000 family
- No changes in the cost (per paycheck) for medical or vision coverage
- Dental premiums (per paycheck cost) will increase slightly by 4%
- HSA seeding will remain the same- $1300 for single, and $2600 for family
- 70% in January and 30% in July
- We are using ADP again this year. The enrollment instructions can be found here. Access begins November 9, 2022
For more information, visit NMC’s Open Enrollment page.