Crowley’s Annual Open Enrollment period is October 22 – November 2 for plan year 2019.
If you do not wish to make any changes to your medical, dental, vision elections you can do nothing and your 2018 elections will carryover to 2019. HOWEVER, if you want to enroll in the HSA or FSA you must re-enroll every year. This means, if you are in the HDHP Medical plan and do not re-enroll in the HSA for 2019, you will not receive the employer contribution to your HSA for 2019. The contribution is half the annual deductible for 2019, or $750 for single coverage; $1,500 family coverage.
View the Open Enrollment Announcement that was mailed home
Open Enrollment is your annual opportunity to make plan elections
Switch between medical plans
Elect/decline dental/vision coverage
Enroll in a Flexible Spending Account (Health and/or Dependent care)
Add or cancel coverage for yourself or your dependent(s)
Your elections are binding for the entire 2019 plan year. IRS guidelines dictate that no mid-year changes can be made unless you have a qualifying event, including:
Loss of eligibility for group health coverage
Change in marital status (i.e. marriage, divorce)
Change in number of dependents (i.e. birth, adoption)
Change in employment status (i.e. number of hours worked)
Change in coverage under other employer plan (i.e. your spouse waives coverage during her open enrollment, you can now add her to your Crowley plan)
PLAN COMPARISONS, COSTS & DETAILS
Additional Resources about HDHP and HSA:
Watch how Marcus pairs his HDHP with an HSA and how much he can save on taxes.
IRS Publication 502 – IRS list of qualified expenses that can be paid for with an HSA