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MIT Employee Benefits

What's New for 2013 Benefits Open Enrollment?

Certain elements of federal healthcare reform go into effect. MIT had already implemented some of the components that are now required. As of January 1, 2013, the following will take effect:

• The limit for Health Care Flexible Spending Accounts will be $2,500 (down from $8,000). The amount for the Dependent Care Flexible Spending Accounts will be the same as in 2012 ($5,000).
• Certain FDA-approved contraceptives will no longer require copays.
• The employer costs of health insurance will now be noted on W2 forms.

Coverage, rates, co-pays

• The average increase to health plan premiums will be $13 a month.
• MIT Traditional and MIT Choice co-pays will stay the same.
• The Dental coverage annual maximum amount will increase from $1,500 to $1,750. The maximum benefit for new orthodontic coverage is increasing from $1,500 to $1,750.
• Dental plan premiums will increase $3.50 a month.
• Vision plan rates and co-pays will stay the same.
• Prescription drug co-pays will stay the same.
• Supplemental Life Insurance rates will decrease 10%.
• Dependent Life Insurance coverage available to age 26. No change to monthly cost of $1.38 per child.

For faculty and staff on main campus only, don't forget to review/update your personal information, such as address and emergency contact.