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WSU News benefits

Nov. 1-30: WSU benefits open enrollment begins today — consider your options

Multi Ethnic People Holding The Word BenefitsPULLMAN, Wash. – The annual universitywide benefits open enrollment period begins today, Nov. 1, and runs through Nov.30 for employees enrolled on Public Employee Benefits. » More …

HRS debuts monthly information feature

HR Essentials is a new monthly information feature from WSU Human Resource Services (HRS) that highlights resources and services for faculty, staff and students. The first installment, below, focuses on resources to help employees and students deal with uncertainty and change, especially during times of challenge and stress:

• The Employee Assistance Program (EAP) helps with handling personal and/or work-related issues. Services are free for WSU employees and their families. Additional information, including statewide locations and resources, can be found ONLINE @ www.eap.wsu.edu, by calling 335-1744 or by e-mailing eap@wsu.edu. Students may reach counseling services at 335-4511.

• The ombudsman serves as a neutral resource in … » More …

Changes to employee benefits effective Jan. 1

The Public Employees Benefits Board (PEBB) recently mailed employees the official announcement for Open Enrollment 2009.

Employees are encouraged to read this information to be aware of changes to their premiums, and some minor changes in their benefits packages to determine if they need or want to change plans.

For more information, visit www.hrs.wsu.edu/openenrollment.

Open enrollment for 2009 benefits runs Oct. 7-Nov. 30

WSU employees can change medical/dental plans, enroll eligible dependants, and enroll/re-enroll in the flexible spending and dependent care plans.

 

Information will be coming to all employees in the mail from the Public Employees Benefits Board (PEBB) about plan options, benefit changes and how to make online changes to coverage.

 

Some benefit changes for 2009 include:

 

• Medical insurance premiums will increase an average of 7.9 percent; however, employees will continue to pay an average of 12 percent of the coverage for themselves and their families. For rate information, see ONLINE @ www.pebb.hca.wa.gov/by_rate.html.

 

• Flexible spending accounts (FSA) are … » More …

Update benefits with changes in family

If you’ve had a recent change in your family, your insurance and retirement benefits might need alteration as well.

 

Marriage, divorce, new children and children no longer eligible for coverage could make an adjustment timely.

 

To add new eligible dependents, you must send a completed Employee Enrollment/Change form and appropriate dependent certification form(s), if required, within 60 days to Human Resource Services. Social Security numbers will be needed; however, HRS is able to add dependents initially without the number, so don’t delay.

 

When deleting coverage on a dependent no longer eligible, the 60-day deadline is not as crucial; however, you may be … » More …

Double your deferred savings under new rule

The end of the year is approaching, but you still have time to maximize your supplemental retirement savings and ease your income tax burden for 2007.

Tax law for 2007 allows employees under age 50 to save up to $15,500 tax-deferred savings through these supplemental accounts. Employees 50 and over can save up to $20,500.

 

With interest and time, even small increases in your contributions can result in significant increases in your retirement savings. Plus, contributions to tax-deferred plans reduce your federal taxable income.

WSU offers two supplemental retirement accounts for employees:

• The Tax-Deferred Investment (TDI) program through TIAA-CREF. To increase or start a … » More …

Insurance enrollment in progress

Open enrollment, which continues through Nov. 30, is the time when employees may change their medical and/or dental plans and add or delete coverage for family members. There are some important changes to medical coverage for 2007. The Public Employees Benefits Board (PEBB) will discontinue Group Health Options and offer some new choices — Group Health Classic and Value plans. Group Health Classic, formerly known as Group Health Cooperative, is a standard managed care plan. Group Health Value has a lower monthly premium, but members will pay more when they use the health-plan services. The Value plan will require an annual deductible, higher co-payments for … » More …