Open Enrollment

MIT Open Enrollment takes place in the fall of each year.

The 2014 Open Enrollment brought modest premium increases and no increases in copayments—the amounts you pay when you or a family member receives care.

Healthcare FSA Changes for 2014

An Internal Revenue Service (IRS) change to the Healthcare Flexible Spending Account (FSA) carryover rules relaxes the "use it or lose it" rule and allows participating employees to carry over up to $500 in unused funds from one year to the next. MIT has implemented the new carryover provision for 2014. This means you will be able to carry over up to $500 of unused funds as of December 31, 2014 into your 2015 FSA.

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There is no impact on Healthcare FSAs for 2013. If you participated in a Healthcare FSA in 2013, you will not be able to carry over unused 2013 funds to 2014, but you will still have a "grace period" until March 15, 2014 to spend your 2013 FSA dollars, as long as you submit claims by April 30, 2014. This grace period is not available under the new rules starting in 2014.

Please note the IRS limit on the amount you can set aside each year has not changed. The maximum for 2014 is $2,500.

Highlights for 2014

  • Modest premium increases: Although general health care costs continue to increase at 6% to 7% each year, MIT’s medical premium increases for 2014 will range from 3% to 5% depending on the plan you choose—MIT Traditional or MIT Choice—and your coverage type—Individual, Individual + Spouse (or Domestic Partner), Individual + Children or Family. Vision plan premiums will increase by 2% on average, and there will be no increases in dental or supplemental life insurance premiums.
  • No copayment changes: Copayments for medical visits will remain the same: $10 for a visit at MIT Medical and $20 for a visit within the Blue Cross Blue Shield network outside MIT Medical. Copayments for prescription drugs will also remain the same.
  • Change in coverage for durable medical equipment: While federal health care reform will have a minor impact on MIT’s plans in 2014, one change is the elimination of the current $5,000 limit on coverage of durable medical equipment (DME), such as wheelchairs and crutches. Instead, beginning in 2014, the plans will cover 90% of all DME costs with no limit. Diabetes-related equipment will be covered at 100%. The current $5,000 limit on coverage for certain medical formulas, including low protein foods, will also be eliminated.

If you have any questions, please contact the Benefits Office at benefits@mit.edu, or call 617-253-6151.

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