What’s New for 2019/2020

Open Enrollment is April 29 – May 10, 2019

Open Enrollment is April 29 – May 10, 2019

At MIHS, we value the contribution you make to the work we do. While you make a difference at our company, we want to make a difference in your life. That is why we are proud to offer a comprehensive benefits package that supports your health and financial well-being.

Remember, Open Enrollment is your once-a-year chance to review and choose the MIHS benefits that fit your lifestyle and budget!

Note: It is not required that you re-enroll for benefits for 2019/2020. If you do nothing, your current coverage, with the exception of Flexible Spending Accounts and Critical Illness coverage, will roll over to 2019/2020. If you are enrolled in the POS or Preferred medical plans and would like to have an FSA, you must actively enroll in the FSA for 2019/2020.

What’s New

While we aren’t making significant changes for 2019/2020, we have made some enhancements to improve your benefits experience:

Medical Plans:

Our pharmacy benefit program will be updated to include certain exclusions for high cost generic medications. High cost generics will not be covered when a lower cost generic equivalent is available.

Health Savings Accounts (HSA)

For single coverage, the maximum 2019 deferral is $3,500; if you are covering any dependents the maximum you can defer to your HSA is $7,000. You must be enrolled in the HDHP plan to participate in the HSA plan.

Benefit Premium Increases

Due to the increasing costs of our medical and dental programs, your per pay period cost may be increasing depending upon the medical or dental plan you elect and which family members you are covering. MIHS has been fortunate and we have only passed along medical premium increases in 2 of the past 5 years.

Flexible Spending Account (FSA)

If you enroll in the POS or Preferred plans, you can also participate in the FSA. This account lets you set aside pre-tax dollars to use for eligible medical, dental and vision expenses. Participating in the FSA, maximizes your pre-tax savings and if the funds are used to pay for qualified expenses, you will not pay tax on this income. For 2019/2020 the healthcare FSA deferral limit will increase to $2,700.

AFLAC Voluntary Plans

• Group Accident Insurance helps pay for out of pocket costs that arise from covered accidents such as fractures, dislocations and lacerations.

• Group Critical Illness Insurance helps pay the expected and unexpected expenses that arise from diagnosis of a covered critical illness such as cancer (internal or invasive), heart attack, stroke, end-stage renal failure or a major organ transplant. This plan also includes a $50 Health Screening benefit, payable per calendar year for the employee and spouse only.

• Group Short-Term Disability Insurance helps protect your income in the event that you are unable to work. The plan provides non-occupational coverage only.

• The plans have limitations and exclusions that may affect benefits payable. Refer to the plans for complete details, limitations, and exclusions. The Accident and Critical Illness plans will be moving to a new policy form. Employees that newly enroll and/or make any changes will be enrolled in the new plans.

• Current Critical Illness coverage will end on Jun 30, 2019. You must re-enroll in this benefit for the new plan year.