All fully benefits-eligible faculty and staff are required to make an active plan selection during this year’s Open Enrollment for 2021 coverage. Employees will not automatically default into their current plan if no action is taken.
|Benefit||If NO action taken:|
|Health Plan||· If you do not make a plan selection, you will be placed in the Choice CDHP at the same tier (Employee only, Employee + Child(ren), Employee + Spouse, Employee + Family) that you have now.
· You’ll miss out on a $20/month credit toward premiums if you do not complete the attestation that you and your covered family members are tobacco-free.
· You’ll pay a $100/month spousal fee if your spouse is on the Vanderbilt Health Plan and has access to health insurance through their employer. If your spouse does not have access to another employer’s health plan or works for Vanderbilt University, you must complete this attestation every year to avoid the fee.
|Dental Plan||If you do not make a plan selection, you will be defaulted to waive coverage.|
|Vision Plan||If you do not make a plan selection, you will be defaulted to waive coverage.|
|No pre-tax money can be deposited in your health care and/or dependent care flexible spending accounts unless you enroll each year.|
|Accidental Death & Dismemberment||You’ll have the same coverage you have in place for 2020.|
More information to come
Continue to watch for communications from VU Human Resources between now and the Open Enrollment period, which runs Oct. 19–Nov. 2. Helpful learning materials will be available, including an online decision support tool to help faculty and staff choose the plan that best meets their needs. In addition, there will be opportunities to meet with the HR Benefits team to ask questions.