It’s time for Open Enrollment! Employees will have the opportunity to change their health plan (between HMO and PPO), dental, and vision coverage as well as their AFLAC coverage. As well, employees who are interested in enrolling in 2019 Flexible Spending Account (FSA) and/or Dependent Care Flexible Spending Account (DCFSA) must complete an application for 2019.
As the year ends remember that FSA balances are “use or lose” dollars. Employee can spend remaining balances at www.fsastore.com. Of note, our current benefit plans and coverage amounts will remain the same for 2019.
Additionally, effective January 1, 2019, URAC will be changing 401(k) retirement plan vendors from Fidelity to Vanguard. This move to Vanguard is allowing us to essentially keep the same investment lineup while also revamping our investment menu by moving to some of the lowest cost funds and best asset managers in the mutual fund marketplace. More detailed information will be provided at the November 29th All Staff Meeting regarding the transfer process and what to expect during that process.
As the year ends, employees should review their vacation balances. As you know, a maximum of 150 vacation hours can rollover from year-to-year. Please review your balances and plan accordingly.
Extensive detailed information will be provided during the meeting regarding Open Enrollment and upcoming changes to the 401(k) plan.
