All faculty and staff have received information from HR about how to participate in Open Enrollment for the short plan year (October-December 09) that will serve as a bridge between our current plan and the anticipated alignment with Middlebury’s benefit plans.
A question has arisen about how deductibles and out of pocket maximum’s will be handled for the short plan period. It turns out that these are already calculated on a calendar year (rather than the plan year) so that if your deductible has been completed for Calendar Year 2009, that will continue to be true through December. If your out of pocket max has been reached for Calendar Year 2009, that will continue in place through December. We will all begin with a clean slate on January 1, 2010.
Please remember that we need to receive a signed flexible spending account election form FROM EVERYONE — regardless of whether you wish to participate in this program, and regardless of whether you are making any other changes in your benefits. Please get your FSA Election Form in to HR as soon as possible!