Grant PUD Benefits Open Enrollment
New / Different for 2024
2024 rates
Long-Term Disability (LTD) Premiums change from a flat monthly premium to a calculated premium based on your base earnings. Monthly premiums are capped and won’t exceed $30.98 for LTD Core and $77.25 for LTD Buy-Up.
Why? Premiums based on earnings are more equitable. Higher wage earners with a higher benefit potential will pay more while lower wage earners with lower benefit potential will pay less.
LTD Buy-Up maximum benefit amount increases to 66 2/3% of your base wages up to $10,000 (from $6,300).
Why? Anyone earning $54.50/hr would hit the maximum benefit cap of $6,300.
Use the LTD Premium Calculator and find out how much you will be paying based on your hourly rate.
If you choose to receive care at a Centers of Excellence (COE), your deductible and coinsurance may be waived, Plus, you may qualify for a travel benefit (up to $7,500).
Why? COEs are hospitals recognized for their efficiencies and better patient outcomes. They perform joint replacements (knee and hip), spine surgery, cardiac care, oncology, maternity care, etc. Many COEs are located in WA State.
other considerations
Supplemental Life and AD&D Insurance:
You can purchase up to $200,000 supplemental life insurance, no medical questions asked. If you already purchased $200,000, you can purchase an additional $20,000. Learn more here.
Flexible Spending Account (FSA):
A FSA lets you set aside before-tax money for expected out-of-pocket healthcare and/or dependent care expenses. Learn more here.
Note: FSAs do not roll from year-to-year. If you want to participate in FSA in 2024, you must elect the benefit.
MORE INFORMATION
Summary of Benefits and Coverage
PPO plan: Your monthly medical premiums will go up by 9.5% and your dental premiums will go up by 4.5%.
CDHP plan: Your monthly medical premiums will go up to $20.
LTD: Premiums will be based on your base wages (hourly rate):
LTD Core: $0.295 per $100
Buy Up: $0.515 per $100
COMPARE MEDICAL PLANS
Not sure which of the two medical plans is right for you?
Crunch the numbers with the health care calculator to find out.
learn more
We want you to be informed about your benefit options, that’s why we are taking benefits education on a road show November 6 - November 16. Join us at any of the locations. We love to meet with you!
your to do’s
do nothing, if …
you want to keep all your benefits the same AND don’t want to enroll in flexible spending (healthcare or dependent care reimbursement) for 2024.
LOG INTO MYHR, IF …
you want to change your benefits, buy additional life insurance, AND/OR enroll in flexible spending (healthcare or dependent care reimbursement) for 2024.
You can make changes between November 3 and November 17, 2023 and work through the online open enrollment process.
Need a refresher on myHR?
Detailed instructions will walk you thru the process, set-by-step.
Take a look at the Q&A document and get your questions answered.
Benefit considerations for different stages of life
Click on the pictures below to learn more about benefit options you may want to consider during open enrollment.
PLEASE REMEMBER
Flexible spending accounts (health care or dependent care reimbursement) do not roll from year-to-year. If you want to participate in FSA in 2024, you must elect the benefit.
Please verify that your enrolled dependents continue to meet the eligibility guidelines. The plan reserves the right to audit dependent enrollment at any time to verify that enrolled dependents are eligible for coverage.
If you do not make changes now, your next chance to do so will be during our next open enrollment in 2024, unless you experience a qualifying life event, in which case you must notify Human Resources of the change within 30 days.
Your portion of the medical, dental, and vision premiums will be deducted from your paycheck on a pre-tax basis unless you tell us differently. Your current elections appear in and can be changed via myHR during open enrollment.