Health at SMU

2014 Open Enrollment

October 12, 2013 - October 31, 2013

SMU’s 2014 Open Enrollment takes place October 12 - October 31, 2013. The Open Enrollment period is the only opportunity for SMU employees to make changes to benefits elections for 2014, except for qualified life event changes.  Please be sure to review the 2014 Key Benefits Changes and 2014 Benefits Guide.

October Information Sessions - How To Be A Better Healthcare Consumer

The Department of Human Resources has scheduled a series of sessions designed to help you better understand the Medical Plans, the value of a Flexible Spending Account or a Health Savings Account, the new voluntary Healthy Outcomes Program, and much more! Click here to register.

If you are unable to attend a session, you can download the PowerPoint presentation online.

How To Be A Better Healthcare Consumer

Do you want to make changes or participate in a Flexible Spending Account/Health Savings Account?

For 2014 Open Enrollment, you must take action in the following situations:

  • If you want to make changes to your current coverage, including adding or dropping dependents.
  • If you want to participate in one or both of the Flexible Spending Accounts (FSAs) in 2014, you must re-enroll, even if you participated in an FSA in 2013.
  • If you want to participate in the Health Savings Account (HSA) in 2014, you must re-enroll, even if you participated in the HSA in 2013.

If you do not want to make changes to your current benefits elections and do not want to participate in a FSA/HSA for 2014 you do not need to take any action.

Who can participate in a HSA?

Individuals who are covered by a High Deductible Health Plan (HDHP) may participate in a HSA. The SMU $2,500 and $5,000 Deductible PPO plans are High Deductible Health Plans. Individuals may not participate in a HSA if they are:

  • Covered under a spouse's employer's health plan that is not a HDHP
  • Covered by Medicare (Part A and/or Part B)
  • Covered under a health FSA or HRA

Click here for additional information.

I want to enroll in the $2,500 or $5,000 Deductible PPO but I was told that these plans don’t provide Creditable Coverage.

The SMU $2,500 and $5,000 Deductible medical options don’t provide “creditable prescription drug coverage” when an individual becomes Medicare eligible. The reason is that these two medical options provide no prescription drug coverage until you satisfy the deductible. If you enroll in one of these plans and later retire, Medicare will look back at your SMU medical coverage beginning at age 65. They will determine that you did not have creditable coverage and you will be assessed a "late enrollment" penalty. Click here for additional information.