Plan now to make the most of your benefits in 2018
Open Enrollment is here. Take action before November 17 to get the most out of your 2018 benefits. Included here is a brief summary of benefit changes for 2018, including the transition to CVS Caremark as our Prescription Benefit Manager. Use your Open Enrollment guide and the Open Enrollment website for an in-depth look at changes and how to maximize your 2018 benefits. Still have questions? Attend an informational session, webinar, or contact askHR at (812) 856-1234 or .
Watch your home mail, because for 2018, all employees enrolled in a health plan will receive new membership cards in your home mail. Don’t visit the doctor’s office or your pharmacy in 2018 without your new card. Attempting to use old cards may result in denied claims.
Choosing the appropriate care provider for your family can save you money. In 2018, non-emergency services received at an emergency room (ER) while more appropriate settings are available—such as primary or urgent care services—will not be covered. If an emergency services claim is denied, the member will be responsible for the charges. Learn more about choosing the types of care available.
Don’t forget that completing the Tobacco-free Affidavit each year can save you up to $50 per month in health plan premiums if you and your spouse are both tobacco-free. Need help quitting? Call (866) 784-8454 or visit www.quitnow.net/iu
IU participates in the state-legislated Prescription Benefit Program, so IU employees will be transitioning to CVS Caremark as their Prescription Benefit Manager. You’ll receive the same drug coinsurance and copays for all plans through this program and still be able to use most retail pharmacy chains, such as: CVS, Walmart, Target, and most supermarket pharmacy chains. Some independent pharmacies are also included. However, Walgreens pharmacy is not in network. One of the differences of the new program that can save you time and money is the 90-day prescription supply available through CVS pharmacies.
A new drug formulary will be used and High Deductible Health Plans (HDHPs) will also have a new preventive drug list. In December, you’ll receive communications mailed to your home to help guide your transition. See your Open Enrollment guide for a checklist to help you make a smooth transition.
Beginning January 1, 2018, you can use Caremark.com or the CVS Caremark app on your smartphone to help you manage your prescriptions, find pharmacies, check and compare prices, scan for refills, and track your medications.
If you have a Health Savings Account (HSA) and/or Tax Saver Benefits (TSB), check the expiration dates on your Nyhart debit cards. If it expires in 2017, watch your home mail for new ones from Nyhart. The Internal Revenue System (IRS) has increased HSA and TSB Healthcare Reimbursement Account maximum contribution limits for 2018—now is the time to review your contributions and make the best use of these benefits that can save you and your family money.
Preventive dental screenings are the first step in keeping your teeth healthy, and now it’s a step toward a healthier wallet. For each member who receives at least one preventive cleaning/exam per calendar year (beginning in 2018), his or her annual benefit will increase by $100 the following year—up to a maximum of $1,500. The child orthodontia lifetime maximum has also increased to $1,000.
See all the details about your 2018 benefits options in your Open Enrollment guide and at the Open Enrollment website. The last day to make benefit elections is November 17.