October 12-31 is your once-a-year opportunity to select medical and dental coverage options for you and your family, make legal insurance elections, and contribute to a Health Savings Account (HSA) or Flexible Spending Account (FSA), if eligible. During Open Enrollment you can make changes to any of your benefits, elect your personal HSA contributions via payroll deduction to begin in January, sign up for Basic and/or Supplemental life insurance at specified levels with no health questions.
You can learn more about ORNL benefits at www.openenrollment.ornl.gov and make your benefits selections via ADP.com between October 12 – 31.
2022 benefits highlights
- You can select Health Savings Account (HSA) contributions of up to $3,600 for yourself and up to $7,750 for your family.
- ORNL will provide $750 for individual and $1,500 for dual/family HSA accounts to ATLC employees in January
- ORNL will provide $500 to individual and $1,000 to dual/family HSA accounts to IGUA and salaried employees in January
- You can invest any HSA balance in excess of $2,000 in mutual funds through Optum Bank.
- There will be a slight increase in weekly and monthly medical premiums:
- Weekly increase: $1.50 for individual plans, $3 for duel plans, and $4.50 for family plans
- Monthly increase: $6.50 for individual plans, $13 for duel plans, and $19.50 for family plans
- Eligible employees can receive $35 per month ($8.08 per week) off medical premiums for completing Rally Rewards through the lab’s Wellness Incentive Program.
- Metlife is providing three new optional insurance policies: Pet Insurance, Accident Insurance, and Critical Illness Insurance.
- Pet insurance covers vet visits, accidents, illness, and more. For more details visit TBD
- Accident Insurance is designed to help cover some of the costs of being injured in an accident for $3.51-$9.72 (Low Plan) or $5.23 – $14.47(High Plan) a month depending on coverage level. Payouts from this insurance can be used to cover medical costs instead of using your personal or HSA funds. For more details visit TBD
- Critical Illness insurance provides a lump sum payment of up to $30,000 if you are diagnosed with a catastrophic illness like a heart attack. The funds can be used on whatever you need and can be used to cover medical costs instead of using HSA funds. The cost ranges from $0.21 to $5.94 per month per $1,000 of coverage. For more details visit TBD
Reminder: 2022 HSA personal contribution default is $0.
If you were enrolled in an HSA in 2022 and do nothing during Open Enrollment your ORNL contributions reset to $0. You must reset your personal, annual contribution during Open Enrollment to ensure your personal deductions begin in January 2023. You may also elect or change your personal contributions at any time during the year.
Information Sessions
Benefits Fair
The ORNL Benefits Fair is an opportunity for employees to learn about lab benefits and ask questions of representatives from United Health Care, Optum, Rally, ExpressScripts, the WellOne Clinic, and the ORNL Benefits team. The event will be held from 10:00 – 1:30 PM on October 20 in the Cafeteria, Main Street, and the TN Rooms (upstairs above the cafeteria).
MetLife New Voluntary Benefits Information Sessions
MetLife and ORNL Benefits staff will provide information sessions on the new optional MetLife Insurance offerings: Pet Insurance, Critical Illness Insurance, and Accident Insurance. Both information sessions are open to all employees and will be held on October 19 at 10:00 – 11:00 AM and 12:00 – 1:00 PM in the Weinberg auditorium. (Do we want to mention that a session will be recorded?)
Questions
If you have any questions not covered by openenrollment.ornl.gov please contact the ORNL Benefits team at 865.576.7766 or [email protected]