With the start of the New Year upon us, here are a few tips and reminders to help you start 2014 off right.
Annual enrollment changes: Any benefit elections made during the annual fall enrollment for NCFlex, the State Health Plan and the University benefit programs took effect on Jan. 1. Remember to check your January paystubs to ensure that the programs you elected are reflected, with the corresponding deductions. We actually began taking your 2014 health enrollment elections in December because those benefits are paid a month in advance. With this year’s changes to the State Health Plan design, it is important to review your check stub to confirm the correct premium amount. FY14 leave: You have until June 30, 2014, to use any leave you have remaining from the five days of FY14 leave issued to state employees last summer. You must now use FY14 leave prior to any vacation or bonus leave. Supplemental retirement limits for 2014: 403(b), 401k, and 457 limits for 2014 remain the same as 2013 at $17,500, with an additional $5,500 catch-up limit for employees age 50 or older.MetLife Group Term Life Insurance: If you are enrolled in this University plan, you may see a change in your deductions beginning with your January paychecks. Adjustments to your premiums are made based on your age and salary as of Dec. 31 of each year.ING (ReliaStar) Group Term Life Insurance: If you are enrolled in this NCFlex plan, you may see a change in your deductions beginning with your January paychecks. Adjustments to your premiums are made based on your age and salary as of Jan. 1 of each year.MetLife Critical Illness: If you are enrolled in this NCFlex plan, you may see a change in your deductions beginning with your January paychecks. Adjustments to your premiums are made based on your age and salary as of Jan. 1 of each year.Health Care and Dependent Care Flexible Spending Accounts (FSAs): Claims for limits elected for the 2013 plan year must be filed with P&A Administrative Services by April 30, 2014. Services must have been rendered by March 15, 2014. You can check the balance of your FSA for both plan year 2013 and 2014, the status of claims you have submitted, and any pending reimbursements by registering with P&A Administrative Services online at https://www.padmin.com/ncflex/.If you participated in the health care flexible spending account in 2013, you will not receive a new debit card. If you enrolled in the FSA for the first time for 2014, a new card will be mailed to your home address.
Review your paycheck to verify that the correct per-pay period deductions are taken out for your 2014 NCFlex FSA account(s).
If you have questions about any of these items, contact Benefits Services in the Office of Human Resources at 962-3071 or benefits@unc.edu.
