Open Enrollment

Open Enrollment

Open Enrollment 2015 takes place Monday, October 27, 2014 through Friday, November 7, 2014. For 2015, there is a modest increase in medical premiums (on average 2.4%) and no increases in premiums for dental or vision coverage. In addition, there is a significant decrease in rates for supplemental life insurance. Please choose your benefits through Atlas, MIT’s administrative systems hub.

There will also be an information session for active employees at Lincoln Laboratory on Friday, November 7, at 11 am in the Auditorium.

Open Enrollment 2015 is open now through Friday, November 7, 2014 at 5 pm.

You can make any changes online on Atlas until 5 pm on Friday, Nov. 7, 2014. Consult this handy checklist before you go on Atlas so you don't overlook an opportunity to make a change.

If you don't want to make changes

If you don't want to make changes, you should still go on Atlas and confirm that the benefits stated are correct and your address is up-to-date.

If you don't make any changes to your current 2014 medical, dental and vision plans, those benefit plan elections will be carried over into 2015. If you want a Health Care or Dependent Care Flexible Spending Account in 2015, you must re-enroll even if you were enrolled in an FSA in 2014.

If you want to cancel your coverage

If you want to cancel any of your 2014 benefit plan elections, you need to go on Atlas to terminate the health plan elections that you do not want to continue in 2015.

Highlights for 2015

  • Premiums: Whether you are a member of the Traditional or Choice Plan, your share of the medical premiums will average 2.4% higher in 2015 than in 2014. While rising medical costs continue to be a concern for the Institute and our employees, the 2.4% increase is the lowest in recent years. Dental and vision premiums will not increase at all in 2015. In even better news, supplemental life insurance premiums will decrease by more than 20%. And, dependent life premiums for your spouse/domestic partner and children will decrease by more than 13%.
  • 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.
  • Prescription drugs: Copayments for prescription drugs will also remain the same for the majority of medications. A small number of brand name medications will have a higher copayment as they move from the "preferred brand" category (Tier 2) to the "non-preferred brand" category (Tier 3). In addition, the list of drugs covered by MIT’s medical plans—called the formulary–will be modified slightly in 2015 to exclude selected high-cost drugs when there are equally effective and less costly options available.
  • Health Care Flexible Spending Account (FSA) Reminder: Effective January 1, 2015, you can "carry over" up to $500 in unused 2014 Health Care FSA funds into your 2015 Health Care FSA. You will forfeit any unused balance over $500. The new carryover provision replaces the 2½ month grace period provision that allowed you to use your remaining FSA funds from the past year to pay expenses incurred during the first 2 ½ months of the next year.

Read about other Open Enrollment changes.

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