Dear Colleagues,
Open Enrollment for State Health Benefits begins today, October 16, and will be open through 5 p.m. on Thursday, November 9. Employees who are not making any health benefit changes do not need to take action. However, if you wish to continue a healthcare and/or dependent daycare flexible spending account (FSA), you must re-enroll in your Open Enrollment event.
During Open Enrollment, employees can enroll in and/or make changes to their health benefits to become effective on January 1, 2024. The State of Maryland will send out important emails via the SPS Workday system (stateofmaryland@myworkday.com) regarding Open Enrollment.
Open Enrollment will continue to be online in the SPS Workday system. For more information on the SPS Workday system, employees should visit the HR website for detailed instructions on accessing their Workday account. Discover incentives and find out what's new for the State's 2024 Wellness Program.
We are pleased to announce that all existing plans and vendors will remain in place for 2024. However, the State has passed along rate changes that will impact the medical, prescription, and dental plans in 2024. CareFirst, United Healthcare, and Kaiser medical plan rates will increase approximately 9.5 percent. CVS Caremark Prescription plan rates will increase 9 percent. Dental plan rates will increase 9.5 percent. The State MetLife term life insurance and Accidental Death and Dismemberment coverages will experience no rate increases in 2024. Open Enrollment rates and materials are posted on the HR Open Enrollment website.
Also new for 2024: Employees can now enroll eligible Domestic Partners and their dependents during Open Enrollment. The effective date of coverage will be January 1, 2024. Employees must enroll and submit documentation for their Domestic Partners and their dependents during Open Enrollment. More information about the documentation required will soon be available on the HR Open Enrollment website.
The Human Resources Benefits team will host a live, virtual Open Enrollment Information Session via Webex on October 18 at 10 a.m. Employees who are unable to attend the live session will be able to view a recording that will be posted on the Virtual Resources page on or around October 27.
Please contact the HR Benefits team with any questions at hrbenefits@umbc.edu.
HR Benefits & Wellness team