New year, new health plan and benefits reminders

New year, new health plan and benefits reminders

By Life@TheU

New year, new health plan and benefits reminders

By Life@TheU
Here’s what you need to know about your benefits to get your year off to a good start in 2020.

New medical ID cards for Aetna members
All University of Miami employees enrolled in Aetna should have received new ID cards in the mail as of Jan. 1, 2020. If you haven’t received your new cards, contact Aetna member services at 1-800-824-6411 or log into your Aetna Navigator account to print a temporary ID card or request a replacement card. 

Spend remaining FSA funds and incur claims for 2019 by March 15
During open enrollment, employees can elect to enroll in flexible spending accounts (FSAs), which become available Jan. 1 each year. Administered by WageWorks, FSAs allow you to pay certain health and dependent care expenses using pre-tax dollars. As per the University’s FSA plan, there’s a grace period to use your 2019 FSA funds between Jan. 1 and March 15, 2020. The grace period allows you to continue to incur expenses in the current year while using up any remaining balance from your prior year’s FSA. Learn more. Not anticipating any additional medical expenses? Visit fsastore.com and shop for FSA-eligible expenses using your funds.

New IRS 403(b) limits for 2020 and increase deferrals for January
It’s never too early or too late to start saving for retirement. If you’re thinking of increasing your contributions, take a moment to review the new IRS 403(b) limits that took effect Jan. 1, 2020. You can view, make changes to, or enroll in a University of Miami retirement plan at any time during the year at netbenefits.com/um. Learn more.

Access medical assistance via Aetna’s new Teladoc program 
As of Jan. 1, all University of Miami employees enrolled in Aetna have access to Teledoc. Within minutes, get access to a national network of U.S. board-certified physicians by phone or video 24/7 to diagnose, treat, and prescribe medication for non-emergency conditions, including the flu, allergies, sinus infection, rash, and bronchitis. Get started today by setting up an account at Teladoc.com/Aetna or by calling 1-855-TELADOC (835-2362). 

Need help? Connect with HR-Total Rewards, your pay and benefits team. Complete the online inquiry form or call 305-284-3004 to speak with a total rewards specialist.