UPG Open Enrollment

Once elections are made, they cannot be changed mid-year unless there is a qualifying life event. All deductions are pre-tax and paid on a bi-weekly basis.

Rate Sheet for July 1, 2023 – June 30, 2024 for Health, Dental, and Vision

UPG offers Health insurance through Anthem. 

Virginia residents who elect coverage will be enrolled in the Anthem Healthkeepers plan. This is an open access point of service plan and no referral is needed for specialist visits. The network is a Virginia-based network of providers.

Employees living outside the Commonwealth of Virginia who elect coverage will be enrolled in the Anthem KeyCare plan. 

The assigned plan is based on residence and an employee cannot elect between the two. Premiums for the two plans are the same.

Both plans include a vision benefit of one routine eye exam per plan year per member.

The cost of health insurance premiums is shared between UPG and the Employee. 

Resources:

• PreventiveRX
• Included Vision Benefit 

Virginia Residents:

• Summary of Health Benefits - Anthem HealthKeepers
• Summary of Health Coverage - Anthem HealthKeepers

Non-Virginia Residents:

• Summary of Health Benefits - Anthem KeyCare
• Summary of Health Coverage - Anthem KeyCare

UPG will offer voluntary dental and vision plans through Guardian. There are two dental plan options from which to choose based on the level of dental coverage you and your family need. View details in the Dental Plan Summary document below to compare the Base and High Plans.

There is a vision benefit for a routine eye exam within the health insurance plan (see summary above). However, employees have an option to elect a buy-up vision plan through Guardian that proves for material benefits as well as the routine eye exam. 

Dental and Buy Up Vision insurance is fully employee-paid. 

Resources

• Guardian Enrollment Kit
• Guardian Dental Plan Summary
• Guardian Vision Plan Summary
• Buy Up Plan Maximum Rollover Summary
• Guardian: Find a Dental Provider
• Guardian: Find a Vision Provider
• VSP network

If you wish to contribute to you Flexible Spending Account (FSA), you must elect the amount in Workday each year during Open Enrollment.

UPG employees have the opportunity to enroll in a Flexible Spending Account (FSA) for health care out-of-pocket expenses and/or for dependent daycare expenses.

• Medical FSA Annual Contribution Limit: $3,050
• Dependent Care Annual Contribution Limit: $5,000

The plan year is July 1, 2023 – June 30, 2024. Once elections are made, they cannot be changed mid-year unless there is a qualifying life event. All deductions are pre-tax and paid on a bi-weekly basis.

Flexible Spending Accounts are "Use it Or Lose It". Funds that are not expensed by the end of the plan year are forfeited, so please consider your contribution amount carefully. However, the UPG Medical FSA does allow for $610 unused funds to be rolled over into the next year’s medical FSA.

Important note regarding limits: While UPG’s Plan Year runs July – June, the annual contribution limits are tied to the tax year, per IRS regulations. Therefore, if you started a benefited position with UPG after January 1, 2023 and maximized either of these plans, maximizing again MAY lead you to exceed the calendar year IRS limits. If you reach the limit in the tax year, Workday will stop your deduction for the remainder of the year and a manual adjustment will be processed in January, 2024 to capture the missed deductions.

Our FSA vendor is McGriff Insurance.

FSA Resources

• See what expenses are eligible for FSA
• Benefit Card Substantiation
• Learn about the FlexBenefit Mobile App

UPG provides Basic Life and Accidental Death and Dismemberment insurance to managers and staff that is 200% of annual salary. For those who wish to supplement this coverage, Guardian is extending a special open enrollment opportunity this year. This Open Enrollment period only, eligible staff and managers have an opportunity to purchase additional life insurance for themselves, their spouse and/or children up to the guaranteed issue amount without Evidence of Insurability, even if they have waived this previously.  

Please note: this does not apply to employees with life insurance coverage through MetLife.  

Details are below:

• You may elect up to $200,000 for yourself without submitting certification of good health. If you already carry supplemental life above $200,000, your current rate is grandfathered.
• You may elect up to $30,000 for your spouse, without submitting certification of good health. If you already carry spousal supplemental life above $30,000, your current rate is grandfathered. Coverage purchased for spouse can not exceed what you have purchased for yourself.
• You may also elect coverage for your child (a flat $20,000 life policy), provided coverage purchased for yourself is equal to, or greater than, $20,000.
• If you wish to purchase additional coverage beyond these guaranteed issue amounts, you will be required to submit Evidence of Insurability to the carrier. Guardian will mail this form to you. In that case, the coverage beyond the guaranteed issue amount will not go into effect until Guardian has approved your application.

Resources

• Guardian Life Insurance Benefit Information