2018 Annual Enrollment Elections
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As a current employee , the 2018 Annual Open Enrollment period begins on March 26 th , 2018 and runs through 11:59:59pm on April 9 th , 2018. All benefits eligible employees are strongly encouraged to participate in Annual Open Enrollment by visiting the on line benefits administration site at www.mybensite.com/amikids or by calling 1-888-639-8077 and making their benefits selections. Employees that have current medical coverage in any of the 2017 medical plans that do NOT participate in Annual Open Enrollment will automatically be rolled over into the Base HDHP H.S.A. Plan. All other current coverages (dental, vision, life, disability, etc.) will be rolled over into the new plan year as is. As a recently hired employee , you have a New Employee Enrollment Period to elect your benefits. The enrollment period starts as soon as you are loaded into the BenAdmin system (usually the week after your first paycheck) and ends on your 60 th day following your date of hire. If you do not make your elections during this window, you cannot enroll in the AMIkids benefit plan until the next annual enrollment unless you experience a qualified change in status (see page 2).
Is participation in the 2018 Annual Open Enrollment Mandatory this year? • No, but if you’re currently enrolled in one of the medical plans and do not participate, you will automatically default to the Base HDHP H.S.A. Plan regardless of the plan in which you are currently enrolled. • All other coverages will be rolled over “as is.” • Participation in your health care decisions is STRONGLY encouraged.
HOW DO I DETERMINE WHICH PLAN IS BEST FOR ME AND MY FAMILY?
“Nobody knew health care could be so complicated!”
We have always known that deciding which of the employee benefits are right for your situation can be a difficult and stressful proposition. Because of the IRS 125 rules, the decisions that you make during annual open enrollment or upon your initial eligibility in the plan year are with you until the beginning of the next plan year; so you want to get it right, right?
In the next 2 pages are a couple of scenarios that will hopefully assist you in determining which plan makes the most sense for you – if you want assistance with creating your own scenario, please contact your Benefits Department and we’ll be happy to walk through the process with you!
CHOOSE WISELY! The benefit elections you make will remain in effect until April 30, 2019.
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