Benefits Open Enrollment begins at 8 a.m. on Monday, Oct. 23, 2023, and ends at 4 p.m. on Friday, Nov. 3, 2023, for eligible faculty and staff. This is your once-a-year opportunity to choose the benefits that are right for you (and your family) for the coming year. After Open Enrollment ends, mid-year changes are only allowed if you experience a Qualified Life Event (such as change in marital status, birth of a child, etc.).

What’s Changing for 2024

For the most part, your benefit plans are remaining the same next year. However, you’ll see a few changes and enhancements for 2024.

Medical Plan Contributions
The paycheck cost for Kaiser Permanente HMO will change for 2024. All other medical plans will remain the same. See the “2024 Contributions” table on page 2 of the 2024 mybenefits Open Enrollment Newsletter.

Anthem Blue Cross HealthSave Plan
Due to IRS mandates, the following will change:

• Annual deductible: It will increase to $3,200/individual, but the $5,400/family amount will remain the same.
• HSA annual maximum: Contribution maximums will increase to $4,150 for employee-only coverage and $8,300 for family coverage. (The catch-up contribution amount for individuals age 55 and older remains $1,000.)

Flexible Spending Account (FSA) Health Care

• FSA annual maximum: The contribution maximum will increase to $3,050.
• Health Care FSA carry over: The amount you can roll over from 2023 into 2024 will increase to $610.

Commuter Benefits
Annual maximum contributions will increase:

• Mass transit/van pooling expenses account: You may submit a maximum transit order of up to $300/month, and a maximum commuter order up to $600/month.
• Parking expenses account: You may submit a maximum parking order of up to $300/month.

Anthem Blue Cross and UCLA Contract Negotiations
As shared last week, Anthem and UC Health are currently engaged in contract negotiations that may potentially impact coverage for HMO plans starting March 1, 2024. Both remain dedicated to achieving a comprehensive agreement by the end of this calendar year. You can read the announcement here. 

Stay Tuned
Keep an eye out for more tools to learn about your 2024 benefits, sent via email and available on MyLMU in the coming weeks.

Read the 2024 Open Enrollment Newsletter for full details about all the changes.

Calendar of Events

In-Person Benefits Fairs
Get all your questions answered! Come to an in-person Benefits Fair to talk with our vendors and Human Resources staff. Learn more. 

• LMU Loyola Law School: Wednesday, Oct. 18
  10 a.m. – 2 p.m. in Burns Lounge
• Westchester Campus: Thursday, Oct. 19
  10 a.m. – 2 p.m. in the University Hall Atrium

Got questions? We’ve Got Answers! Feel free to stop by the Human Resources office at your campus.

Live Webinars (Medical and Retirement Plan Vendors)

Our medical and retirement plan vendors will hold virtual webinars that you can access from your computer/mobile device. Registration is NOT required. For webinar links and instructions to join, click here (or click the respective link below).

• Medical Benefits (Kaiser Permanente): Oct. 16, 11 a.m. – noon | Oct. 24, 2 – 3 p.m.
• Medical Benefits (Anthem Blue Cross): Oct. 17, 2:30 – 3:30 p.m. | Oct. 26, 1:30 – 2:30 p.m.
• Guide to Social Security (Transamerica): Oct. 24, 10 – 11 a.m.
• Guide to Medicare (Transamerica): Oct. 25, 10 – 11 a.m.
• Women’s Guide to Financial Wellness (Transamerica): Oct. 26, 10 – 11 a.m.
• Money Management Essentials (Transamerica): Oct. 27, 10 – 11 a.m.

On-Demand Recordings (All Other Vendors)

You can access pre-recorded sessions on a variety of benefit topics. Registration is NOT required. To join any of the sessions, click here.

Recording Topics: 

• Dental (hosted by Delta Dental)
• Employee Assistance Program & Advocacy Services (hosted by Health Advocates)
• Estate Planning (hosted by MetLife)
• Voluntary Benefits (hosted by MetLife)
• FSA & Commuter Benefits (HealthEquity)
• HSA (hosted by Bank of America)
• Life, AD&D and LTD Insurance (hosted by The Hartford)
• Vision (hosted by VSP)

Do I Need to Take Action?

Even if you don’t want to make changes to your LMU benefits, you may still need to enroll.

Full-Time Faculty and Staff
YES, you should enroll if you want to: 

• Change your medical, dental or vision coverage for 2024
• Enroll in a Health Care or Dependent Care Flexible Spending Account (FSA) for 2024
• Enroll in a Health Savings Account (HSA) or make additional contributions to the HSA in 2024
• Enroll in or change hospital indemnity insurance, critical illness insurance, accident insurance or group legal coverage with MetLife
• Add or drop a dependent from your coverage 

Part-Time Faculty and Staff
YES, you should enroll if you want to: 

• Change your medical, dental or vision coverage for 2024
• Enroll in a Health Care or Dependent Care Flexible Spending Account (FSA) for 2024
• Enroll in a Health Savings Account (HSA) or make additional contributions to the HSA in 2024
• Add or drop a dependent from your coverage 

Questions?

If you have general questions, please contact LMU Human Resources at OpenEnrollment2023@lmu.edu.