University of Michigan faculty, staff and retirees can change their benefits during Open Enrollment, which is now open and continues until 5 p.m. Nov. 1.
Changes can be made to health, dental, vision and legal plan enrollments. Faculty and staff may also add eligible dependents and enroll in a flexible spending account.
All benefits-eligible employees and retirees should review their benefits plans, options and 2020 rates.
No action is required to keep current benefits as long as eligibility is maintained — with the exception of flexible spending accounts, which the IRS regulates.
Unlike other benefits, the IRS does not allow FSA enrollments to continue from one year to the next. Employees enrolled for 2019 will need to re-enroll for 2020.
Faculty and staff can make changes online through Wolverine Access benefits self-service. Changes may be made as often as needed during Open Enrollment. All changes must be completed and submitted by 5 p.m. Nov. 1. Benefits changes are complete when an online confirmation statement is displayed.
Retirees may make changes online by 5 p.m. Nov. 1, or with the enrollment form included in the Open Enrollment book. The Benefits Office mailed these to home addresses in early October. Forms must be completed, signed and postmarked, or received by Nov. 1.
Changes and new rates go into effect on Jan. 1, 2020.