Open Enrollment Period

May 17 - 29, 2019

 

Franklin & Marshall College is pleased to offer eligible employees a comprehensive and valuable benefits program.  Open Enrollment is the period when eligible employees have the opportunity to enroll or change their options for health and welfare benefits.  The changes you make during Open Enrollment will be effective July 1, 2019.

During Open Enrollment you may do the following:

  • Enroll in or change coverage
  • Add and/or remove an eligible dependent from your coverage, including dependent children up to age 26
  • Opt out of coverage

Please take some time to review the July 1, 2019 Open Enrollment Guide.  The contents give you important information on your benefit plans, as well as upcoming changes for July 1, 2019.  If you have any questions as you review the material, please contact the Office of Human Resources.

What is New for
July 1, 2019? 

NEW! Medical Plan Spousal Surcharge

A $1,200 annual spousal surcharge ($100 monthly / $46.15 bi-weekly) will be added to your medical plan premium if you elect coverage for your spouse and your spouse is eligible for coverage through his/her employer  but elects not to enroll in that plan.  If your spouse is a Franklin & Marshall employee, the spousal surcharge is waived.  

All benefit eligible employees MUST complete the Medical Spousal Surcharge form.

Retirement Savings Plan

Employees currently receiving a 15% employer contribution will be reduced to a 13% employer contribution effective July 1, 2019.  Each July 1 thereafter this will be reduced by 1% until you reach a 10% employer contribution on July 1, 2022. 

Employees currently receiving a 12% employer contribution will be reduced to a 10% employer contribution effective July 1, 2019.

Medical and Prescription Drug Changes

  • Premiums - the College currently pays 87% of the total cost on average between the two medical plans.  Beginning July 1, 2019, the College will pay 80% on average of the total cost between the two medical plans.
  • Benefit Plan Year - the benefit plan year will change from January 1, 2019 - December 31, 2019 to July 1, 2019 - June 30, 2020
  • Annual Deductible and Out-of-Pocket Maximum Credits - any dollars already met in both the Annual Deductible and Out-of-Pocket Maximum categories will be credited to your plans July 1, 2019.  You will not need to start over in these accumulations.
  • Prescription Drug Co-Pays - the minimum and maximum co-pays for each prescription drug tier will double.

Dental Plan Changes

  • Benefit Plan Year - the current benefit plan year of January 1, 2019 - December 31, 2019 will be extended through June 30, 2020.
  • Annual Deductible and Annual Maximum - these will be adjusted for the 6 month extension
    • Individual Annual Deductible - will change from $50 to $75
    • Family Annual Deductible - will change from $150 to $225
    • Annual Maximum - will change from $1,500 to $2,250

Vision Plan Changes

  • Benefit Plan Year - the benefit plan year will change from January 1, 2019 - December 31, 2019 to July 1, 2019 - June 30, 2020
  • Frequencies - all frequencies (exam, lenses and frame) will reset July 1, 2019
  • Retail Frame Allowance - the allowance will increase from $60 to $100.  

Health Reimbursement Account (HRA)

  • Benefit Plan Year - the benefit plan year will change from January 1, 2019 - December 31, 2019 to July 1, 2019 - June 30, 2020.
  • NEW! Administrator - the administrator will change from Highmark to Benecon effective July 1, 2019.  All balances currently held at Highmark will be rolled into an account at Benecon.  You will receive a new debit card from Benecon.
  • Current Participants - employees currently enrolled in the High Deductible PPO Medical plan and choose to remain in the plan will receive an additional deposit of half the normal amount ($210, $420 or $630).
  • New Participants - newly enrolled employees in the High Deductible PPO Medical plan will receive the full deposit amount ($420, $840 and $1,260). 

Flexible Spending Accounts (FSAs)

  • Current Benefit Plan Year - the benefit plan year for both the medical flexible spending account and dependent care flexible spending account will remain January 1, 2019 - December 31, 2019.
  • Current Elections - the elections you made to these accounts during the fall open enrollment period will remain in effect through December 31, 2019.
  • Deadlines - the deadlines for submitting for reimbursement will remain the same.

Wellness Rewards Program

The program will continue; however, the incentives ($75, $200 and $300) to participate will be discontinued.

Benefits Information

Health Benefits Information 

Coming Soon!

High Deductible 
Summary of Benefits

High Deductible Chart

FSA/HRA Allowable Expenses

Coming Soon!

Low Deductible
Summary of Benefits

Low Deductible Chart

Glossary of Health Care Terms

Dental/Vision (Welfare) Benefits Information 

Dental Plan Grid

Vision Coverage Summary

Telemedicine