Open Enrollment

Open Enrollment is October 26 - November 6, 2015

Open Enrollment for making changes to your U-M benefits for 2016 is October 26 - November 6, 2015. If eligible, you may enroll or make changes to your coverage in the Health Plan, Dental Plan, Vision Plan, Legal Services Plan, and Flexible Spending Account (FSA). During Open Enrollment this year only, you also have the opportunity to enroll or make changes to your Optional Life Insurance coverage. See What's New for 2016 for details.

No action is required to keep your current benefits coverage in 2016, unless you want to enroll in an FSA. Internal Revenue Service rules require annual enrollment to participate in an FSA.

The Benefits Office will send emails to eligible faculty, staff, and graduate students with Open Enrollment details. During Open Enrollment, October 26 - November 6, eligible faculty, staff, and graduate students will use Self Service on Wolverine Access to make their benefits changes. Retirees may also use Wolverine Access for benefits changes, or complete and submit the enrollment form that will be included in the mailing the Benefits Office will send to their home addresses in October. All benefits elections must be received or submitted by 5 p.m. on Friday, November 6, 2015. Changes take effect January 1, 2016.

What's New for 2016

Optional Life Insurance Included in Open Enrollment

Faculty and staff who want to enroll in the university’s Optional Life Insurance plan or increase their coverage level can do so during this year’s Open Enrollment without having to provide a health statement of insurability for limited coverage increases. Learn more about the Optional Life Insurance plan.

Life insurance is usually not included in Open Enrollment and eligible faculty and staff can enroll at any time with approval based on a statement of good health. Because of enhancements to plan coverage, the university is offering this one-time opportunity.

Under the current optional life plan, an employee can choose coverage in flat amounts of $5,000 or $50,000, or choose salary-based coverage by selecting a multiple of one to six times the employee’s annual salary for coverage up to the plan maximum of $1 million. For 2016, the coverage options based on salary will expand up to eight times salary and the new plan maximum will be $1.5 million.

Special Allowances for Optional Life Insurance elections during Open Enrollment 

During Open Enrollment, if you are eligible for Optional Life, you will not need to provide a health statement to:

  • Newly enroll in the plan at one times your salary.
  • Increase your existing coverage by up to two times your current salary.

View life insurance changes you can make during Open Enrollment that will not require a health statement. Coverage increases may not exceed 8 times salary, and cannot exceed $1.5 million. Changes made during Open Enrollment will take effect January 1, 2016. Other life insurance coverage increases and those made outside of Open Enrollment will require a health statement and approval by the plan. Learn more about health statements.

The cost for Optional Life Insurance coverage is paid by the employee, and the rate depends on the coverage selected and your age, smoking status and salary. View the 2016 Optional Life Insurance rates.

The Optional Life Insurance Plan is available to eligible faculty and staff, including GEO members and GSRAs. It is not available to Fellowship and medical school students, Professional Specialists, or retirees.

Additional Benefits Plan Changes Effective January 1

Dependent Life Insurance

The Dependent Life Insurance plan currently provides coverage for a spouse or other qualified adult in amounts of $10,000, $25,000, and $50,000. A new $100,000 coverage option will be added. Coverage increases for a spouse or other qualified adult require a health statement, and are subject to approval by the plan. View information on the Dependent Life Insurance Plan.

For more information on life insurance and the new coverage options, view the 2016 Group Term Life Insurance Plans book.

Legal Services Plan

The university’s Legal Services Plan will add identity protection services to provide assistance for emerging identity threats including medical identity theft, company data breaches, lost documents, and other identity theft issues. Additional services for plan members will include identity management services, resolution services for help in recovering from identity theft, and credit monitoring services. Eligible faculty, staff and retirees may enroll in the Legal Services Plan during Open Enrollment for coverage effective January 1, 2016.

Flexible Spending Accounts

The annual amount faculty and staff can contribute to a Health Care Flexible Spending Account will increase from $2,500 to $2,550.

Other Enrollment Opportunities

Other times when you may be eligible to enroll in or make changes to your benefits include:

Benefits Plans You Can Change or Elect at Any Time

The following benefits plans are not part of the annual Open Enrollment process and if you are eligible you may enroll or change your coverage in these plans at any time. The effective date of your enrollment or change and the paycheck in which the enrollment or change will take effect depends on the plan and when you complete enrollment. Please note: Initiating Retirement Savings Plan (Basic Plan, 403(b) SRA and 457(b) Deferred Compensation Plan) elections are not available on November 5 and November 6, 2015 due to Open Enrollment. These elections will be available on November 7, 2015.

To review your current benefits, log on to Wolverine Access and select Employee Self-Service > Benefits > Benefits Summary.

Beneficiary Updates

While you are thinking about your benefits coverage, this may be a good time to review your beneficiary designations to make sure they are up to date.

New Address?

It is important to keep your address up to date with the university. Update your address and emergency contact using Employee Self-Service > Campus Personal Information in Wolverine Access. Contact TIAA-CREF ((800) 842-2776) or Fidelity Investments ((800) 343-0860) directly to change your address for Retirement Savings Plan programs in which you are enrolled.