May 21, 2024

Open Enrollment 2024 is here!

Download the 2024 Benefits Guide For Full Time Local 1503 Employees

 

Open Enrollment 2024 is now open! As previously announced, Open Enrollment for your 2024 benefit elections is Wednesday, November 1, through Wednesday, November 15, 2023. This is your annual opportunity to make changes to your benefits for yourself and your family, which will be effective January 1, 2024.  After Open Enrollment, any changes will have to wait until next year’s open enrollment, unless you have a Qualifying Life Event such as marriage, birth, or loss of coverage.

 

Below is important information about your 2024 benefits to help guide you through this year’s enrollment process. Please review these details about the benefits plans and the steps you need to take to complete open enrollment.

 

Helpful information for 2024 Open Enrollment:

  • Open Enrollment is available online or via the Workday App on mobile and other smart devices.
  • Employees can visit the Open Enrollment page on the Benefits intranet for additional information on 2024 Open Enrollment.
  • Open Enrollment email box for questions or assistance: [email protected]

 

As You Prepare for Open Enrollment:

We encourage you to review the following materials in order to assist you in making informed choices about your benefits:

  • Benefits Documents: review detailed benefit plan information here
  • Medical Plan Rates*: find detailed rates for each medical plan here
  • Workday Guide: Find screen shots and helpful Workday instructions here
  • On Site Support Schedule:  find the schedule for information sessions and other support here
  • Open Enrollment Information Guide: review the new Open Enrollment 2024 guide to get an overview of all your benefit offerings here

*As you know, medical plan rates are determined by the City of New York.  The attached rates were sent to the Museum by the City and apply to the 2024 benefit elections. These rates are subject to change from time to time during the year.  You will be notified of any changes and modifications as soon as practicable.

 

Information Session

Monday, November 6 12–1 p.m. Studio Classroom, Uris

 

If you are unable to attend in person, a virtual information session will be available on-demand on the Benefits Intranet.

 

 

Workday Action Is Required If You Want To:

  • Add, drop, or change medical and/or life insurance
  • Add or drop dependent coverage
    • When enrolling a dependent for the first time, you will be required to provide documentation of relationship (such as a birth certificate for a dependent child, marriage certificate for a spouse, etc.)
  • Waive medical coverage and receive the $46.15 per pay period health care waiver credit ($1,200 annual max).

If you are a full-time employee currently receiving the $46.15 per pay period Health Care Waiver Credit from The Met, you must re-certify and provide proof of other coverage for you and your tax dependents.  Re-certification must be recorded in Workday and a copy of your health insurance id card uploaded every year.

 

Please see page 21 of the Open Enrollment Job Aid for detailed instruction how to do enroll in the waiver credit plan here.

 

  •  Enroll or re-enroll in the Health and/or Dependent Care FSA (even if you elected it for 2023)
    • The IRS has not released the Flexible Spending Account Limits for 2024. The limits will be updated in Workday and on our Open Enrollment page on the Intranet as soon as is practicable once they become available.
    • For 2023, the contribution limit is $3,050 for the Healthcare FSA and $5,000 for the Dependent Care FSA.
    • FSA funds are typically “use it or lose it”
    • For the healthcare FSA, the amount you elect is available in your account up front. No unused roll over will be available into calendar year 2024 beyond the limited max allowed by the IRS ($610). The IRS has not released the rollover limit for 2025.
    • For questions regarding your existing Health and or Dependent Care FSA account or balance, you can obtain your account details at www.ebpabenefits.com or by calling 888-678-3457.

Even if you choose not to participate in the Health Care FSA, Dependent Care FSA, or receive the waiver credit for 2024, we encourage all employees to log in to their Workday accounts and review their current benefit elections and personal information (i.e. contact info, covered dependent information, beneficiaries) during Open Enrollment.

 

If you have any questions, email [email protected]. Thank you for your participation with Open Enrollment!

 

If there is any discrepancy between this information and the official plan documents, the plan documents will always govern. In all cases, benefits will be paid in accordance with the plans’ official documents, insurance contracts and government regulations in effect at the time of occurrence. The Met reserves the right in its sole discretion to terminate, modify, discontinue or otherwise change its benefit plans at any time with or without notice, pursuant to applicable law. You can review and print the official plan documents at the HR Intranet. You can also request a printed copy from the HR Department at [email protected]

 

Download the 2024 Benefits Guide For Full Time Local 1503 Employees

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