Open Enrollment 2020

Open Enrollment for Benefits 1/1/2020 - 12/31/2020

This page is intended to provide basic information about the process of open enrollment and basic information about popular benefits. If you have additional questions or need further assistance please contact hr@hendrix.edu or call 501-450-1494.  

ALL full-time benefits eligible employees need to complete one of the open enrollment options by the close of business 11/20/2019, unless you have made other arrangements with the Human Resources Office.

Options for Completing Open Enrollment

In-person: Come ask questions of vendors and HR staff, complete your open enrollment process and add any benefits available as an employee during the in-person enrollment.

Monday, November 18 - Wednesday, November 20 in Worsham Hall (SLTC) from 8:30am - 4:30pm.

Vendors present will include: HealthSmart, VSP, Delta Dental, Unum, Legal Shield, Aflac, Stephens Inc, Consolidated Admin Services (Medical and Dep Childcare FSA, and HSA), and TruService Credit Union.

Online: Visit your self-service portal at  https://tpc.myisolved.com and login to complete the online process. 

What you CAN’T do in the online version of open enrollment:

• Add any new coverage other than dental, vision, health or short-term disability
• Change/drop Unum Long Term Care or Whole Life, AFLAC Critical Illness, or Central United Cancer 
• Add/change Aflac Cancer or Accident policies
• Increase or add voluntary life insurance coverage amount for individuals or spouses 

What you CAN do in the online open enrollment:

• Let us know you’re continuing coverage as-is 
  
• Set/change your FSA Medical and Dependent Childcare pre-tax deduction amounts 
• Set/change your HSA contribution amount (if you are new to HSA please email the completed form to hr@hendrix.edu)
• Change coverage levels and/or drop coverage for any benefits not specifically listed in the section above.
  
• Add or change coverage for dental, vision, health, or short-term disability insurance 
  
  If you change your TIAA (403b retirement) election or sign up for HSA you will need to complete associated forms and send those to Human Resources (email, drop-off at our office, or drop-off at in-person enrollment).  The form for HSA is here.  The form for 403b retirement elections is here.
  

  Benefit Information

Retirement:  The IRS has increased the cap on employee contributions from $19,000 to $19,500 for 2020. Those over 50 years of age are eligible to make catch-up contributions up to $6,500 per year for a total limit of $26,000.

Flexible Spending: For 2020 the maximum employee pretax contributions to an FSA medical account increased from $2,700 to $2,750.  There has been no change to the $5,000 (if married filing jointly) cap on (pre-tax) dependent childcare deductions.

Health Savings Accounts: Participants in the Qualified High Deductible plan are eligible to contribute to a Health Savings Account.  Maximum pre-tax contributions to a Health Savings Account (HSA) are $3550 for someone electing employee only coverage or $7100 for those electing employee plus one or more dependent. The maximum INCLUDES employer contributions. In 2020 Hendrix will match up to the first $250 an employee contributes to their HSA.

Health: There are no changes to the Core plan coverage. Core plan premiums have increased by 4% for 2020.  The Qualified High Deductible plan premiums remain unchanged. The QHDHP plan deductible has had a deductible increase for coverage levels other than employee only, the increase is from $2,700 to $2,800 in accordance with IRS regulation.  Please review the broad overview and premiums here. As a reminder, in the premium chart "SS/DS" = Support Staff & Dining Services; "A/F" = "Administrative Staff and Faculty; "SLT" = Senior Leadership.

Preventative health coverage improvements: Changes in IRS regulations have enabled us to expand the prescription benefit of the Qualified High Deductible Plan to allow for coverage of certain preventative care items prior to meeting your deductible. Please see the list below for the items now available at a co-pay prior to meeting your deductible on the QHDHP plan. (These items were already covered, but QHDHP plan participants had to pay out-of-pocket for the cost until reaching their deductible. For those on the Core plan these items remain covered at the co-pay amount associated with the specific item).  Additionally, several procedures have been added to the preventative care list for both plans, meaning they will be covered at 100% in the future. The list of newly added preventative care items is also found below.

Dental: Delta Dental premiums and coverage remain unchanged in 2020. Search providers  here (choose "Delta Dental PPO Plus Premier"). View the coverage information brochure.

Vision: VSP premiums and coverage remain unchanged in 2020. Search a provider here.(Select "Signature" in the Doctor Network drop-down). Coverage information brochure.

Qualified High Deductible Plan RX items available at normal co-pays prior to meeting deductible:

Qualified High Deductible AND Core Plan additions to Preventative Care coverage (covered at 100%, no co-pay, deductible or co-insurance) includes:

If you have further questions about any changes, coverage or benefit please contact hr@hendrix.edu