Benefits Annual Enrollment
Annual Benefits Enrollment
Benefits annual enrollment for the 2024-25 plan year began, July 15, and continues through Wednesday, July 31.
During annual enrollment, benefits-eligible employees can do the following:
- Add, update, or remove coverage
- Change coverage levels
- Add or remove dependents and beneficiaries
- Enroll or update your UTSaver voluntary retirement programs contributions
If no changes are made, all current benefits will roll over to the new plan year, with the exception of UT Flex. If you want to enroll or continue coverage in the UT Flex Healthcare or Dependent Care reimbursement account for the upcoming year, you must actively enroll in UT Flex during annual enrollment.
Requested benefit changes will be effective Sept. 1, 2024, except for adding or increasing Voluntary Group Life insurance. Voluntary Group Life insurance coverage will become effective when the Evidence of Insurability (EOI) application is approved.
Highlights of employee benefits changes for plan year 2024 - 25
You can make your benefits enrollment elections at MyUTBenefits and voluntary retirement plan elections at UT Retirement Manager.
- The UT SELECT medical plan rates will increase for the 2024-25 plan year.
- Premium rates for UT SELECT (all coverage levels) will be effective Sept. 1, 2024.
- No changes to the UT SELECT medical plan design, including deductibles, co-payments, or coinsurance rates.
- Modifications to the Progyny benefit plan design.
- You can now use TRICARE coverage or outside Medicare coverage to waive your UT medical insurance and access available premium sharing for other UT voluntary coverages.
- No plan design or rate changes to dental and vision plans.
- Updated plan design for accidental death and dismemberment (AD&D) coverage converting current coverage elections to 1x-10x salary. Go to My UT Benefits to review and make any changes to your AD&D coverage amount. No EOI is required.
- This annual enrollment, employees can elect BCBSTX Ancillary’s Short Term and/or Long-Term Disability insurance, and coverage is guaranteed. No EOI is required!
- Employees with a UT employee spouse may both cover dependent children and each other as spouses on voluntary life and AD&D. Adding voluntary spouse life requires EOI.
- Increased maximum for the Health Care Reimbursement Account to $3,200 for plan year 2024-25. Dependent care maximum remains $5,000 per family. You must make your election in My UT Benefits each year to participate. There is a new plan administrator, Inspira Financial, beginning Sept. 1, 2024.
More details can be found on the UTA benefits annual enrollment site.