Choose the Right Health Plan Option For You
2020 is a year like no other. Many have suffered loss of income, loss of loved ones, and debilitating illness from the coronavirus. Our goal this year with benefits Open Enrollment is to make the benefits review process for you as positive an experience as possible. Knowing your needs and understanding the different health plan options will help you make informed choices during Open Enrollment. Benefits options change year to year.
For the 2021 plan year, there are no changes to premiums, coinsurance, copays, or deductibles for the Basic, Value, and Choice Health options for full-time employees. However, there are action items for you to take.
Ensure you're aware of all UVA health plan changes for this year. For the 2021 Plan year, these include:
- 2020 elections for FSAs and HSAs will NOT automatically carry over to 2021. Even if you do not want to make any changes to your health, dental, or vision plan options, you still need to re-enroll in the FSA and HSA programs for 2021 during Open Enrollment.
- Aetna will replace OptumRx as the prescription drug administrator. This means you have one insurance provider to go to for questions or support; one insurance card to show for both health expenses and prescription drugs; and one place to locate all your medical and prescription drug expenses when evaluating your future health care needs.
- Part-time classification: Beginning January 1, 2021, benefits eligibility for health and dental premiums for UVA Health team members will be defined as part-time if working at least 20 but less than 30 hours per week, and full-time if working 30 hours per week or more. Reflected by employee Workday position status.
- Team members currently working 30-36 hours will be eligible in 2021 for full-time rates for health and dental benefits
- Part-time health and dental premiums: Beginning January 1, 2021, premiums for part-time Academic and Medical Center employees in 2021 will be the same.
- Most part-time employees will see a reduction in the part-time premiums
- Harmonizing part-time rates and eligibility removes some of the economic barriers in electing a part-time position, and levels the health and dental premiums for part-time employees throughout the University
Just like getting an annual physical, it is a good idea to also check your benefits annually. You can do this by navigating to Workday and checking to make sure the benefits you previously selected continue to meet the needs of you and/or your family.
If you would like to change your benefits, review the sections below or navigate to the Open Enrollment pages on the right sidebar for additional details. When you're ready, make your changes in Workday October 5 - 16 (see instructions below). Here are things to review and/or change during Open Enrollment:
- Modify medical, dental, vision benefits, if desired
- Add or drop dependents, if applicable
- Adding a spouse or dependent requires documentation confirming their relationship to you, to be submitted in order for your change request to be approved
- Adding a spouse also requires spousal affidavit to be completed before finalizing your benefits elections
- Confirm social security numbers for dependents
- Elect/waive Health Savings Account and Flexible Spending Account - 2020 elections for FSAs and HSAs will NOT carryover to 2021. You must re-enroll in the FSA and HSA programs for 2021 during Open Enrollment.
- Confirm or change beneficiaries for life insurance
UVA Health Plan Options
UVA offers 3 health plan options: Choice, Value, and Basic Health. All three health plan options offer the same services but different ways of paying for these services. These options apply to full- and part-time benefits-eligible employees:
- Basic Health - least expensive option with highest deductible, lowest premium, and a Health Savings Account with UVA contribution of $1,000 (employee only) or $1,500 (employee + spouse, child, or family) to offset the high deductible
- Value Health - mid-range option with medium deductible, higher premium
- Choice Health - most expensive option with lowest deductible, highest premium
When researching which option fits your needs, consider not only your health care needs, but your comfort with how you pay for your medical costs. If you prefer the less expensive option, are you financially prepared to cover 100% of your medical expenses up to your deductible?
If you are on a J1 Visa, or have been newly granted a J1 Visa during the year, you must move from the UVA Health Plan to the UVA J1 Visa Health Plan. These are two entirely different health plans, and moving from one to the other is allowed throughout the year in order to comply with federal health coverage requirements.