Health Insurance Transfer/Open Enrollment Periods
|TO:||All Full-Time And Part-Time Eligible York College Employees|
|FROM:||Gwendolyn Harewood, Deputy Director, HRS|
|SUBJECT:||Health Insurance Transfer/Open Enrollment Periods|
During the Transfer/Open Enrollment Period, employees may change plans, add or drop a rider, add or drop dependents, etc. The effective date of these changes will be January 21, 2015. Forms and informational documents are available in the Office of Human Resources or at: Health Benefits Programs.
Retirees may also participate in the Transfer/Open Enrollment period this year. The Transfer/ Open Enrollment period for retires is November 1st-30th; with an effective date of January 1, 2015. If an employee's retirement date occurs during the beginning of the Transfer/Open Enrollment Period and the end of the year, the retiring employee may change health plans during the transfer period. The effective date of the change is the date of retirement.
Example: Professor Smith has a retirement date of December 4, 2014 and wishes to change his plans during the Transfer/Open Enrollment Period. Professor Smith can participate and the effective date of the change will be December 4th; the date of his retirement.
Flexible Spending Account and Health Buy-Out Programs:
What is the Health Care Flexible Spending Account (HCFSA): HCFSA is a way to pay for eligible medical expenses not covered by insurance, with pre- tax dollars. One of the benefits of the program is that your gross salary is reduced for federal and Social Security tax purposes. The end result is that your expenses are lower and you save on taxes. The Open Enrollment Period for Plan Year 2015 is: September 22nd-October 31st; with an effective date of January 1, 2015. You can download the program brochure and forms by visiting the Office of Labor Relations' (OLR) website: "Forms and Downloads". Current participants will receive re-enrollment packets to their address on file the first week of October 1st, 2014.
What is the Medical Spending Conversion Health Benefits Buy-Out Waiver program (MSC): This program allows CUNY employees receiving medical coverage through the City of New York, to receive an annual incentive payment in exchange for waiving their City health benefits when other non-City group coverage is available to them. Current participants wishing to withdraw from the MSC Buy-Out Waiver Program, must complete the 2015 MSC Enrollment Change Form. Forms and more information. Re-enrollment is automatic for current active participants.
For further information on any of the programs, please contact Ms. Mary Wigfall or Ms. Gwendolyn Harewood or call (718) 262-2135. You can also visit the Office of Human Resources located in AC-2H01, Monday thru Friday from 8:30am-5:30pm. Thank you.