Annual Open Enrollment is here: Nov 1-30!
There are 3 new medical plans to consider. Attend a Drop-in Session in the Central Conference Room in the Admin 1000 Building from 2-4 p.m. on Fri., Nov. 13 to find out what’s new, ask questions and see the PEBB website.
See you there!
The Shoreline Conference Center is hosting a PEBB benefits fair from 12:30-3 p.m. on Thurs., Nov. 12. Stop by to pick up information and speak personally with representatives from the health plans, the PEBB Program, Department of Retirement Systems and more. There will be a New Plans Presentation in the Spartan Room from 2:15-2:45 p.m.
Shoreline Conference Center
Shoreline Room
18560 First Avenue NE
Shoreline, WA 98155
To Employees receiving PEBB Benefits:
Consumer-Directed Health Plans (CDHP) with a Health Savings Account (HSA) for 2016
The PEBB Program offers CDHP plans with a health savings account (HSA) through Group Health and Uniform Medical Plan (UMP). If you are currently enrolled in a CDHP or are considering enrolling in a CDHP for 2016, here are a few reminders:
The CDHP has a lower monthly premium balanced with higher annual deductibles and higher out-of-pocket maximums.
To enroll in a CDHP, you must meet the eligibility requirements of the Health Savings Account (HSA).
The maximum contribution to the HSA for 2016 is $3,350 for an individual and $6,750 for an employee with one or more family members enrolled on the account. Employees age 55 or older may contribute up to $1,000 more annually.
Your employer contributes $58.34 per month ($700.08 per year) if you are enrolled as an individual and $116.67 per month ($1,400.04 per year) if you are enrolled with one or more family members. The contributions go into the HSA in equal installments over the year. The entire amount is not deposited in your HSA on January 1, 2016. HSA funds are not available until deposited.
You may also make contributions through payroll deduction (if your employer offers payroll deduction) or you may make deposits directly to your HSA through HealthEquity.
If you earned the SmartHealth wellness incentive for 2016, $125 will be deposited into your HSA with the January employer contribution, at the end of January.
When calculating your contribution for the year, include the employer contributions, the $125 SmartHealth wellness incentive (if you earned it for 2016) and your individual contributions. It is your responsibility not to exceed the maximum annual contributions allowed under the Internal Revenue Service rules. The Employee Authorization for Payroll Deduction to Health Savings Account form can help with your calculations.
The HSA funds are yours to use to help pay for IRS-qualified out-of-pocket expenses. The funds carry over from year-to-year and remain yours even if you are no longer enrolled in the CDHP, leave your job or retire.
More information about the CDHP and the HSA are available on the PEBB website.
Employees receiving PEBB benefits: The Wellness Attestation Period ends June 30
The end of the Wellness attestation period is approaching quickly. There are just 8 days left to attest that you earned the $125 wellness incentive for 2015.
To earn the wellness incentive in 2015, you must complete and attest that you met the three wellness requirements by June 30, 2014. The requirements include:
If you have not attested yet, complete the three requirements and attest now. There are two ways to attest:
− Log in and complete your attestations on the My Attestations page. When attesting online, make sure you complete the entire process and confirm your attestation.
− When you complete the process, a confirmation page will display. Print this page for your records. You will not receive a separate confirmation letter.
Note: Newly eligible employees have 60 days from the date their benefits begin to complete the three requirements and attest to the Wellness Incentive for 2015.
Ellen Pincus
Shoreline Community College
Payroll & Benefits Coordinator
(206) 546-4510
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