Why do premiums increase each year?
Medical costs increase each year across the U.S., including the costs in the UM plan. Even though UM subsidizes approximately 80% of the cost of the plan, premiums typically increase each year to keep up with the overall plan costs. This year the plan costs were higher than a typical year, so the premiums and deductibles were changed as a result.
When does the deductible apply?
In Select 1 and Select 2, the deductible applies to all services except for prescription drugs, preventive care services and Carisk mental health services. In the HRA plan, the deductible applies to all services except for preventive care services and Carisk mental health services. Visit aetna.com for tools to help anticipate how much of your deductible you’ll pay for things like doctor’s visits. Once you’ve met your deductible, copays apply.
When do these benefits take effect?
Benefits selected during Open Enrollment take effect on Jan. 1, 2019. All benefits roll over automatically except for Flexible Spending Accounts.
Can I make changes once I submit my Open Enrollment task?
Yes, you may make changes until the end of Open Enrollment on Nov. 2.
How can I get back into my Open Enrollment task?
If you’ve already submitted your Open Enrollment elections, just visit your benefits worklet in Workday to make additional changes and submit them.
If you have any questions or need assistance reviewing your benefits, contact the 'Canes Total Rewards team at 305-284-3004, option 1, or complete the form at miami.edu/benefits/ask. Visit the Open Enrollment website.
