• Full-Time Faculty and Administrative Staff

    The Open Enrollment period begins on Monday, 11/5/18 and ends on Monday, 11/26/18.

    The New School has designed a benefits plan to meet the needs of our diverse employees. Please review this important information regarding your elections. A thorough understanding of your benefits options can help you ensure that you have the appropriate level of coverage for you and your family, and that you have chosen the most cost effective plan for your needs. Below is a snapshot of the benefits available to you as a full-time employee. Please review all sections listed below for more information.

    • Health Insurance: Choice 1000 plan, EPO, and a HDHP plan with an HSA.
    • Dental Insurance: Delta DHMO and Delta PPO
    • Flexible Spending Accounts: Health Care and Dependent Care
    • Short Term Disability Insurance
    • Long Term Disability Insurance
    • Basic and Supplemental Life Insurance
    • Tuition Waivers at the New School
    • Employee Assistance Program
    • Qualified Transportation Expense (QTE)
    • The New School Retirement Plan (Employer Contributions)
    • The New School Voluntary 403(b) retirement plan (Employee Contributions)

    Important Reminder

    The benefits elections you make during the open enrollment period may not be changed until January 1, 2020, unless you experience a qualifying event such as marriage, divorce, birth, adoption or gain or loss of coverage. Benefits that are governed by this rule include: all medical and dental elections and flexible spending. You must notify the benefits office within 31 days of a qualifying event for changes to become effective, otherwise you will not be able to make changes until the next open enrollment period. You must also submit documentation to support the qualifying event. For example, if you are adding a newborn you must submit the birth certificate within 31 days of the child's birth in order for the coverage to be effective on the child's date of birth.

    Here's What to Do

    1. Review all of the information on this webpage
    2. Review your current benefit elections and costs in MyDay. Type myday.newschool.edu into your browser and log in with your regular username and password. Click on the Benefits worklet (circle). Under View, select Benefit Elections. Download this into excel or print a pdf for your records.
    3. Decide if you want to make any changes to medical, dental, life insurance and/or to enroll in a Flexible Spending Account for 2019
    4. Review this guide for assistance on how to navigate the MyDay Open Enrollment Benefit Event.

    Note: Qualified Transportation Expense (QTE) and Tax Deferred Annuity (TDA) Retirement Plan changes can be made outside of the Open Enrollment Benefit Event. The 2019 limits are not known at this point but we will advise when limits have been set.

  • What's Changing in 2019

    UnitedHealthcare (along with Optum Rx and UnitedHealthcare Vision), Delta Dental, EBPA and TIAA will continue to administer New School benefit plans in 2019.

    Health Care Plan Contributions

    The university and enrolled employees share in the cost of the health care plan. Employee and university contributions will change effective January 1, 2019. See the 2019 Health Care and Dental Care Contributions section below for 2019 employee and university premiums, including the separate contribution charts if you choose to cover a domestic partner.

    Health Savings Account (HSA) Change

    Effective January 1, 2019, the IRS maximum allowable contributions into a health savings account in 2019 for members enrolled in employee-only coverage will increase to $3,500 and will increase to $7,000 for members enrolled in family coverage (spouse and/or children). For those employees age 55 and over, an additional $1,000 may be contributed to the amounts noted above. These contribution limits are combined with the University contribution defined below.

    The university will contribute into employee's health savings accounts (when enrolled in the High Deductible Health Plan) $1,000 for individuals and to $2,000 for employees with an enrolled spouse and/or children. In addition, the university will contribute two equal installments into employee's HSAs, first in January and then in July, instead of dividing the university contributions across your 26 paychecks. This allows you to have more HSA dollars available up front for medical, dental, prescription drug, and vision care expenses.

    Flexible Spending Account (FSA) Change

    Per the IRS, the amount that you can contribute to your Healthcare Flexible Spending Account will increase to $2,700 in 2019 (up from $2,650). There will be no change to the Dependent Care Flexible Spending Account maximum (which is $5,000).

    Enrollment Process: What You Need To Do

    We've created this guide to you help navigate the MyDay system and manage your Open Enrollment elections.

    To access your Open Enrollment Benefit Event, log into MyDay and click on the Inbox worklet (circle). Locate the Open Enrollment Benefit Event and carefully follow the help text on each screen. The Benefits Open Enrollment period will end on Monday, November 26.

    You do not need to take any action if:

    • You (and your currently enrolled dependents, if any) want the same UnitedHealthcare plan that you have in 2018, and
    • You (and your currently enrolled dependents, if any) want the same dental plan that you have in 2018, and
    • You do not want to make a 2019 Health Care or Dependent Care FSA election, and
    • You do not want to change your Supplemental Life Insurance Plan election(s), if any

    Health Care and Dental Care Plans

    Health Care Plans

    There will be no changes to the medical, prescription drug or vision plans in terms of what is covered and the amounts that members pay out-of pocket for services for January 1, 2019. This means that copayments, deductibles, out-of-pocket maximums, and the services that are covered will remain the same as they are in 2018.

    Our office has designed a Guide to help you chose the Health Plan that is right for you. The Guide goes through plan comparison; rates; how services are covered; glossary of key terms and most importantly reasons why people may choose one plan over the other. Please read our important guide on How to Choose a Medical Plan.

    Click on the links below for the more detailed Summary of Benefits and Coverage for each plan. Paper copies are also available by contacting Human Resources.

    Finding Participating (In-Network) Providers

    Enrollees in the UnitedHealthcare plans may obtain health care services from in-network providers. To find in-network providers go to www.myuhc.com, click on "find physician, laboratory or facility" under Links and Tools. Then select "All United Healthcare Plans".

    • To find providers in the Choice Plus 1000 Plan and the High Deductible Health Plans elect "Choice Plus"
    • To find providers in the Choice EPO Plan, select "Choice"

    Prescription Drug Coverage

    • View the 2019 Advantage Prescription Drug List to determine the cost of a the most common medications.
    • Under the Optum Rx Progression Rx program, some prescriptions require that you try a "Step 1" medication before a "Step 2" medication will be covered. Refer to Progression Rx – Step Therapy Program list to view the names of these medications and details about this plan feature.
    • The Specialty Pharmacy Program must be used by members with rare or complex medical conditions who require specialty medications (described in flyer). If you have an existing (active) specialty medication prescription with Optum Rx it will remain on file and you will not need to obtain a new one.

    Vision Plan Coverage

    As a reminder, UnitedHealthcare enrollees will automatically be enrolled in the UnitedHealthcare Vision Plan at no additional cost. (You must be enrolled in the health care plan to receive vision plan benefits; there is no option to enroll separately.) The plan allows you to receive routine vision services either from participating (in-network) vision providers or from providers who do not participate in the UHC vision network (out-of-network). To search for in-network providers, go to www.myuhcvision.com and log in using your UnitedHealthcare member ID number. You should also print your vision care member ID card once you're logged in; you will present the card at the time you receive routine vision services.

    The Vision Care Plan covers an examination and new lenses (contact and glasses) every 12 months and new frames every 24 months. Review the Summary Plan Description and Plan Summary for coverage details. Call United Healthcare Vision at 800.638.3120 for additional information.

    Dental Plan Coverage

    There will be no benefit changes to the Delta Dental PPO Plus Premier Plan and the DeltaCare USA DHMO plans for 2019. For additional information please go to the dental care page of the New School's benefits website.

    2019 Health Plan and Dental Plan Contributions

    Effective January 1, 2019 the cost of the New School Health Plan will increase and your contributions will shift. Dental care costs will remain the same.  Refer to the 2019 Health Care and Dental Care Plan Contribution Chart if you will be covering yourself only, or yourself, a spouse and/or child(ren).  

    If you will be covering yourself and a domestic partner, view the 2019 Domestic Partner Only Imputed Income Chart to determine the taxation related to this coverage.  If you will be covering yourself, a domestic partner, and a child(ren), view the 2019 Domestic Partner and Child(ren) Imputed Income Chart to determine the taxation related to this coverage.

    Flexible Spending Account

    You can save money by utilizing the Health Care and/or Dependent Care Flexible Spending Account (FSA). This authorized benefit allows you to pay for health and/or dependent day care expenses with pre-tax dollars. By paying these expenses through your FSA you lower your taxable income, thus giving you more take-home pay and more money in your pocket.

    Please note if you have the HDHP, with HSA health plan you may not elect a health care FSA.

    Estimating your Flexible Spending needs:

    Estimate the amount you will pay in out of pocket expenses for eligible for health care and/or dependent care expenses from January 1, 2019 – December 31, 2019. For health care this can include things such as doctor/dentist and prescription co-pays; cost of eyeglasses or lenses not covered by insurance; dental work such as orthodontia not covered by insurance. For Dependent care expenses estimate how much you spend in childcare for dependents age 13 and under. This can include after school care or summer camp.

    Have questions on what a flexible spending plan covers? View this helpful guide from EBPA, our flexible spending vendor for IRS covered expenses.

    Be conservative as you can only carryover $500 into the next plan year for the health care flexible spending account (the carryover does not apply to the dependent care account). The law requires that you forfeit amounts in excess of $500 remaining in your account after all eligible expenses have been reimbursed. You will have until March 31, 2020 to submit claims for expenses incurred during calendar year 2019.

    As an example if a participant who carries over $500 from 2018 into 2019, they may still elect $2,700 (presumed maximum in 2019, limits have not been finalized by the IRS as of this date) in the Health Care FSA for 2019, and will have a total of $3,200 available for reimbursement in the 2019 plan year.

    Note: should you terminate employment with The New School midyear, you will be eligible to submit FSA claims only for the dates of service incurred while you were actively employed.

    2019 Annual Limits:

    Health Care Account- maximum of $2,700 can be elected (presumed maximum in 2019. Limits have not been finalized by the IRS as of this date)

    Dependent Care Account- Maximum of $5,000 per year if married and filing a joint tax return or a single parent; $2,500 per year if married and filing a separate tax return.

    Life Insurance Plan

    Basic Life Insurance

    The New School provides you with a basic life insurance policy, at no cost to you, in the amount of 1 ½ times your basis salary (rounded up to the next multiple of $1,000) up to a maximum of $1,000,000 in coverage. Please note that while this benefit is provided at no cost any amounts over $50,000 is subject to imputed income.

    Supplemental Life Insurance

    In addition to the basic coverage noted above employees may elect, at their own cost, additional supplemental coverage for themselves, their spouse/domestic partner or children (through age 19, or 23 if full time student).

    Employee Supplemental Life Insurance

    Employees may select an additional 1X, 2X, 3X their annual salary (up to a maximum of $250,000, at their own cost, in additional to the basic coverage that the University provides. Please note that in order to be eligible for this coverage you must submit an evidence of insurability (medical questionnaire) to The Standard for underwriting. You will not be charged for this insurance until we receive approval from The Standard. Please note that the University does not see your evidence of insurability we are just notified if you are approved or not.

    Spouse/Domestic Partner Life Insurance

    Employees many select a $10,000 or $25,000 policy for their spouse or Domestic Partner, at the employee's own cost. As with the employee supplemental life insurance the spouse/domestic partner must submit an evidence of insurability to The Standard for underwriting as described above.

    Child(ren) Life Insurance

    Employees may select a $4,000 policy per child at the employee's own expense. Eligible children through age 19, or 23 if full-time student.

    Age Reductions

    Please note that under most life insurance policies there is an age reduction in terms of percentages one would receive from their coverage. They are as follows:

    Age 65-69: Policy reduces to 65% of value

    Age 70-74: Policy reduces to 55% of value

    Over age 75: Policy reduces to 35%

    Estimating Your Cost of Coverage

    Age of insured as or last January, monthly rate in multiples of $1,000:

    AgeCost Per Month
    30-34$0.060
    35-39$0.090
    40-44$0.100
    45-49$0.160
    50-54$0.240
    55-59$0.440
    60-64$0.670
    70-74$1.280
    75 and Over$2.060

    For example, a 36 year old is applying for $100,000 in supplemental life insurance their monthly rate would be $9 ($100,000/$1,000/$0.090).

    Enroll in or make a change to your supplemental life insurance elections via the Open Enrollment Benefit Event in MyDay. If you elect or increase supplemental life insurance coverage you must complete a health questionnaire (also known as an Evidence of Insurability or EOI) that is subject to approval by our carrier, The Standard, before coverage can become effective.

    Once you elect coverage you will be directed to complete this form and there will be instructions for mailing directly to The Standard. The Standard will notify you and The New School if you are approved. Upon approval your coverage will be effective and you will begin to be charged for the elected coverage.

    Qualified Transportation Expense Plan and Tax Deferred Annuity Retirement Plan

    Qualified Transportation Expense Plan

    It was recently announced that the maximum monthly amounts that you can contribute into your pre-tax transit and pre-tax parking accounts will increase on January 1, 2019 to $265 for each plan. If you currently participate, your 2018 elections will continue into 2019. You may enroll or make changes at any time during the year by initiating a Benefit Event in MyDay. We've created this guide for Changing Your Transit and Parking Amounts to help you navigate MyDay. Use the event date of 01/01/2019 to increase your contributions for January.

    For additional information regarding these plans visit the Qualified Transportation Expense page on our website.

    Tax Deferred Annuity Retirement Plan

    You can choose to contribute a percentage of your base annual salary or a flat dollar amount per paycheck. The maximum annual contribution as set by the IRS will increase in 2019 to $19,000. Employees age 50 and older (and those who will attain age 50 by December 31) are eligible to contribute an additional $6,000 annually, as set by the IRS (referred to as the "Age 50+ Catch-Up").

    Your current elections will continue in 2019 but if you'd like to increase or change your contributions, you can do so by initiating a Benefit Event in MyDay. We've created this guide for Changing Your Retirement Savings Amounts to help you navigate MyDay. Use the event date of 01/01/2019 to change your contributions for January.

    For additional information regarding these plans visit the Retirement Plan page on our website.

    Required Notices

    As required by law, The New School must provide certain notices to employees on an annual basis.

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