One of the perks about working at Texas Children’s is the comprehensive Total Rewards package we offer our employees, which includes health care coverage, retirement, paid time off and much more. With 2016 Benefits Annual Enrollment is upon us, we are committed to helping you plan and select the benefits that best fit you and your family’s needs in the upcoming year.
Enrollment this year will be from October 30, through Friday, November 13. A newsletter highlighting your benefit options, some changes for 2016, and information on tools that can help make the enrollment process simple and successful was mailed to your home address on October 23.
If you want to change plans or coverage levels, or if you want to participate in the Health Care and/or Dependent Care Flexible Spending Accounts, you’ll need to elect your benefits during the enrollment period. If you don’t actively enroll during that time, your current benefits will automatically carry over next year, with the exception of Flexible Spending Accounts, which require you to actively enroll each year.
What’s new in 2016?
Here’s a short preview of what’s changing for 2016. You can learn more details in the 2016 Benefits Enrollment Guide on our benefits website.
- CVS/caremark will be our prescription drug plan provider beginning January 1, 2016
- More convenient retail locations including Walgreens
- Mail-order pricing and quantities available only at CVS retail pharmacies
- Modifications to the three medical plans
- EPO and PPO prescription plan changes
- In accordance with IRS guidelines the Health Care FSA limit has increased to $2,550
- Changes to the PTO Sell Program due to regulatory requirements
- New employees who join Texas Children’s on or after January 1, 2016 are immediately eligible for benefits
Where do I get more information about benefits?
Visit www.texaschildrensbenefits.org to learn more about your 2016 benefit options.
I need help selecting a plan. What resources are available?
You have access to Decision Direct, an interactive tool designed to help guide your decisions around which medical plan might work best for you and your family. Decision Direct is available on the benefits website under “Tools and Resources” and “Tools You Can Use To Decide”
How do I stay up to date with benefits information?
Text “TCHBENEFITS” to 88202 to receive important benefit reminders and activities year round.
How do I elect my benefits?
Log in to MOLI during Annual Enrollment and submit your 2016 benefits elections by 11:59 p.m. on Friday, November 13.
We strongly encourage everyone to actively participate in Annual Enrollment. Life changes from year to year, so it is very important to take the time to review and assess our current benefits selections to ensure that they align with your personal health care and financial needs/goals. Take the lead today in making the best decisions for you and your loved ones.