Open Enrollment is an annual opportunity to make changes to your Medical/Dental coverage status, and to make an annual election for the Flexible Spending Program.
For Active Employees this is also the time to elect/renew their participation in the FSA program for 2024, which is required each year for participation.
UPDATE:
The IRS has announced the new maximums for the 2024 plan year:
The maximum rollover has increased to $640 for funds rolling into the 2025 plan year
The maximum annual election has increased from $3,050 to $3,200 for the 2024 plan year
Enrollments/Changes are effective January 1, 2024
Medical Plan Information
There will be an 14.37% increase to the medical plan premiums effective 1/1/24
Rates:
Active Employees 2024 Health Benefits Premium Chart
Retired Employees 2024 Health Benefits Premium Chart
Active Employees:
VTHR sign-in for Open Enrollment
(Portal Opens November 1)
Download Instructions for Open Enrollment Online
Active employees unable to complete the process online may request a paper form
by contacting DHR.Benefits@vermont.gov or 802-828-6700, option 1, option 3.
Retired Employees:
Retired Employees can download the enrollment form here.
Forms must be received by November 30.
If you wish to continue your current medical/dental coverage status: no action is needed.
The open enrollment period is also an excellent time to ensure
information on your enrolled dependents is accurate (date of birth, social security number, etc.).
Flexible Spending Program (FSA) for Health Care and Dependent Care
FSA rollover from the 2023 plan year: $610
Enrollment through VTHR Self-Service
For Employees New to the FSA Program:
If you have never participated in a health care FSA,
this is a great opportunity to try out the program with little risk.
If you don't use the entire amount elected in 2024,
up to $640 will automatically roll over and be available to you in 2025.
How it Works
Life Insurance
There will be no increase in the life insurance premium rate for 2024.
To check on your identified beneficiaries, call Securian/Minnesota Life at 866-293-6047 or login to your account at lifebenefits.com
For your retirement benefits beneficiaries: Retirement Office: Tre.RetirementDivision@vermont.gov, 802-828-2305
Online Declaration of Health Coverage in VTHR/Oracle System:
If you are an active employee and you are eligible to enroll in the State Employees’ Health Plan but have other health insurance coverage, you are required to submit a Declaration of Health Insurance Coverage Form, which is done online in VTHR.
