Benefits Open Enrollment begins at 8 a.m. on Monday, November 4, 2024, and ends at 4 p.m. on Friday, November 15, 2024, for benefit-eligible faculty and staff.
This is your yearly opportunity to choose the benefits that are right for you (and your family) for 2025. After Open Enrollment ends, mid-year changes are only allowed if you experience a Qualified Life Event (such as a change in marital status, birth of a child, etc.).
What’s Changing for 2025
For the most part, your benefit plans will remain the same except for a few changes.
Medical Plan Contributions
Paycheck contributions for all medical plans will change. See the “2025 Contributions” table on page 2 of the 2025 mybenefits Open Enrollment newsletter.
Anthem Blue Cross HealthSave Plan
Due to IRS mandates, the following will change:
- Annual deductible: The individual deductible will increase to $3,300. The family deductible will remain the same at $5,400.
- HSA annual maximum: The contribution maximums will increase to $4,300 for employee-only coverage and $8,550 for family coverage. The catch-up contribution amount for individuals aged 55 and older will remain $1,000.
Flexible Spending Account (FSA)
- Health Care FSA annual maximum: The contribution maximum will increase to $3,200.
- Health Care FSA carry over: The amount you can roll over from 2024 into 2025 will increase to $640.
Legal Plan
If you participate in 2025, coverage will be expanded to include four additional hours of attorney services each year (limitations apply).
Commuter Benefits
- Mass transit and parking expenses: The contribution maximum will increase to $315 per month.
- Commuter expenses: The contribution maximum will increase to $630 per month.
The mybenefits Open Enrollment newsletter contains all the important information about the changes for 2025.
Also, keep an eye out for important emails from HR for updates and reminders. You can also check HR’s Group Health Care portal for information.
On-Demand Recording
To keep you informed about your benefits, you can access pre-recorded sessions on a variety of benefit topics below.
- Medical, dental and vision benefits
- Voluntary benefits
- FSA and commuter benefits
- HSA
- Life, AD&D and LTD insurance
- Employee Assistance Program (EAP)
- Social Security
- Medicare
- Financial Wellness
- Estate Planning
- Money Management Essentials
Do I Need to Take Action?
Even if you do not wish to make changes to your LMU benefits, you may still need to enroll for 2025.
Full-Time Faculty and Staff
YES, you should enroll if you want to:
- Make changes to your medical, dental, or vision coverage for 2025
- Enroll in a Health Care or Dependent Care Flexible Spending Account (FSA) for 2025
- Enroll in a Health Savings Account (HSA) or make additional contributions to the HSA in 2025
- 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:
- Make changes to your medical, dental, or vision coverage for 2025
- Enroll in a Health Savings Account (HSA) or make additional contributions to the HSA in 2025
- Add or drop a dependent from your coverage
Questions?
Please email your questions to LMU Human Resources at OpenEnrollment2024@lmu.edu.
