Annual Enrollment
Annual Enrollment Begins October 1, 2024: As a benefits-eligible LSU employee, you have a wide variety of benefit options available to you and your eligible dependents. Annual Enrollment provides you an annual opportunity to enroll, make changes to, or cancel benefit elections for the following calendar year. You can review your current benefit elections in Workday, including enrolled dependents and designated beneficiaries, and make changes that fit your needs.
If no action is taken, all benefits will roll over to the 2025 Plan Year, except for Flexible Spending Account(s) (FSA) and Health Savings Account (HSA) contributions. These contributions must be re-elected each year. All elections made during the Annual Enrollment period (October 1 - November 15, 2024) will be effective January 1, 2025.
Additional information and reminders regarding Annual Enrollment will be emailed during the Annual Enrollment period.
Important Dates to Remember:
October 1, 2024 – Annual Enrollment begins
November 15, 2024 – Annual Enrollment ends at 4 PM CST
January 1, 2025 – New plan year begins
Benefits Fair
DATE: Wednesday, October 23, 2024
TIME: 10:00 AM – 2:00 PM
LOCATION: Royal Cotillion Ballroom, LSU Student Union (second floor)
We encourage you to stop by and meet the Benefits staff, visit with representatives from various insurance and retirement vendors as well as LSU organizations and caucuses, and enter to win great door prizes!
Health Insurance
- LSU First Health Plan administered by WebTPA and MedImpact
- 6.2% premium increase with no plan design changes
- $25/month wellness premium credit ($35 with a covered spouse) if criteria has been met
- LSU First Medicare Retiree Plan administered by UnitedHealthcare (available for Medicare - eligible retirees)
- Retirees who have Medicare A and B primary on all covered family members
- 22.3% premium increase with no plan design changes
- Pelican HRA 1000 administered by Louisiana Blue
- 6.65% premium increase with no plan design changes
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Pelican HSA 775 administered by Louisiana Blue
- 6.65% premium increase with no plan design changes
- To contribute to your HSA for 2024, please complete a GB-79 form and submit to benefits@lsu.edu via secure FilesToGeaux.
- Per IRS, Employees who are enrolled in an HSA health plan are not able to enroll and contribute to the Flexible Spending Account (FSA) program at the same time.
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Magnolia Local administered by Louisiana Blue (available only for employees who live in designated regions)
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6.65% premium increase with no plan design changes
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- Magnolia Local Plus administered by Louisiana Blue
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6.65% premium increase with no plan design changes
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Magnolia Open Access administered by Louisiana Blue
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6.65% premium increase with no plan design changes
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Supplemental Insurance
- Dental Insurance
- LSU continues to partner with Humana to provide dental insurance. There is a premium increase of 9.8% (maximum increase of $12.48/month) with no plan design changes. Note that dental premiums have remained the same since 2019. With this increase, LSU was able to secure a 3-year rate guarantee.
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- Beginning January 1, 2025, LSU has partnered with Humana to provide vision insurance. Humana utilizes the EyeMed network so you should see little to no disruption of providers with this change. There is a premium increase of 16.1% (maximum increase of $3.54/month). Note that vision premiums have remained the same since 2015. With this increase, LSU was able to secure a 4-year rate guarantee. No plan design changes.
- Supplemental Life Insurance
- LSU System Term Life (UnitedHealthcare)
- No changes to premium or plan design. Your premium may increase if you are entering a new age band. LSU was able to secure a 3-year rate guarantee. If you have been previously declined for coverage by UHC, you must re-submit EOI and be approved to elect new or additional coverage in any amount.
- Employee
- Maximum coverage amount is 3 times your annual salary or $350,000, whichever is less. Coverage must be in $10,000 increments.
- If you are currently enrolled, you may increase your coverage by $10,000, up to the maximum limit, with no Evidence of Insurability (EOI)*.
- If you are not enrolled, you may elect $10,000 with no EOI*.
- If you wish to increase or add coverage over $10,000, you must submit EOI form.
- Spouse
- Coverage available up to 50% of the Employee’s coverage amount, up to a maximum of $100,000. Coverage must be in $5,000 increments.
- A Spouse must submit EOI and be approved to elect any new or additional coverage up to the maximum of $175,000 or 50% of the Employee’s amount of coverage.
- Child(ren)
- Coverage in $5,000 increments, up to a maximum of $20,000 per child. Premium covers all children.
- If you are enrolled, you may enroll your child(ren) in any level of coverage.
- OGB Term Life (Prudential)
- New Enhanced Basic option that allows for $15,000 life insurance coverage.
- Active employees and retirees have the opportunity to reduce their Basic Supplemental coverage to Basic Enhanced coverage effective January 1, 2025, without providing Evidence of Insurability (EOI).
- Active employees and retirees wishing to increase coverage from Basic coverage to Basic Enhanced or Basic Supplemental are required to provide EOI.
- There will be a premium change for 2025. Your premium may also increase if you are entering a new age band.
- If you would like to cancel your coverage, please contact HRM directly at benefits@lsu.edu.
- LSU System Term Life (UnitedHealthcare)
- Accidental Death & Dismemberment
- No changes to premium or plan design. LSU was able to secure a 3-year rate guarantee.
- You may enroll, make changes, or cancel this benefit at anytime.
- Long Term Disability
- 14% premium decrease with no plan design changes. LSU was able to secure a 3-year
rate guarantee.
- Premium is based on your salary and may change accordingly
- You may apply for this benefit at any time with Evidence of Insurability (EOI)
- To cancel your current coverage, please contact HRM directly at benefits@lsu.edu.
- 14% premium decrease with no plan design changes. LSU was able to secure a 3-year
rate guarantee.
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- 25% premium increase with no plan design changes.
- You may apply for this benefit at any time with Evidence of Insurability (EOI)
- If you are enrolled and wish to decrease coverage options to lower your premium or to cancel your current coverage, please contact HRM directly at benefits@lsu.edu.
- Critical Illness
- Additional covered conditions have been added for both adults and children, recurrence benefits have been improved
- $100 annual wellness credit now includes Employee, Spouse and a Child
- New, lower premiums for all employees aged 25+
- Note: premiums may increase if you enter a new age band
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No changes to premium or plan design. LSU was able to secure a 3-year rate guarantee.
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- The monthly $5.00 administrative fee will be waived for the 2025 Plan Year
- Healthcare FSA maximum contribution limit for 2025 is $3,200
- Dependent Care FSA maximum contribution limit for 2025 is $5,000 ($2,500 if married and filing separately)
- Per IRS, Employees who are enrolled in an HSA health plan are not able to enroll and contribute to the Flexible Spending Account (FSA) program at the same time.
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- No changes to premium or plan design.
- You are encouraged to login and create your account, enroll any applicable dependents, and explore the features available in the portal.
- You may enroll, make changes, or cancel this benefit at anytime
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- Help protect your furry friends while enjoying flexible coverage and the freedom to visit any U.S. licensed vet.
- You may enroll, make changes, or cancel this benefit at anytime
- This benefit is not payroll-deducted and must be elected directly with MetLife. Fetch a quote here.
Open Enrollment Resources
- 2025 LSU First Benefit Snapshot
- 2025 OGB Enrollment Guide
- 2025 Health Plan Comparison
- 2025 Health Plan Premiums for Active Employees
- 2025 Health Plan Premiums for Retirees - 19% Vesting
- 2025 Health Plan Premiums for Retirees - 38% Vesting
- 2025 Health Plan Premiums for Retirees - 56% Vesting
- 2025 Health Plan Premiums for Retirees - 75% Vesting
Health Insurance Presentations
LSU First will host virtual presentations for active employees via Zoom. To register for a meeting, please click the links below.
- Thursday, October 3, 2024 | 2 PM - 3 PM
- Tuesday, October 15, 2024 | 10 AM - 11 AM
- Wednesday, October 30, 2024 | 2 PM - 3 PM
For information on how LSU First works, please see the Plan Highlights video.
LSU First Medicare Retiree Plan will host virtual presentations for Medicare-primary retirees via WebEx.
To register for a meeting, click the links below and use the password LSUFirst2024! to access each presentation. Alternatively, if you prefer to join without video, you can dial 763-957-6400 to listen to the presentation.
- Wednesday, October 2, 2024 | 10 AM - 11 AM
- Event number: 2662 456 4843
- Thursday, October 17, 2024 | 2 PM - 3 PM
- Event number: 2663 891 3282
- Tuesday, October 29, 2024 | 10 AM - 11 AM
- Event number: 2661 940 7367
The Office of Group Benefits has posted recordings that are linked below:
Workday
Workday sends all eligible employees an Open Enrollment Event. You are encouraged to review all benefits and make selections/changes consistent with your individual needs. Even if you do not wish to make any changes, we recommend reviewing and submitting the task in Workday. Workday will not allow for any updates/changes to be made after the Annual Enrollment period has ended on November 15th at 4pm CST.
If one of your dependents is not listed in Workday, you will need to add them as a dependent before you can add them to your insurance plans. See Manage Dependents Job Aid for instructions. Please note: Once you have submitted the dependent event in Workday, it routes to Human Resource Management (HRM) for approval. Please allow time for this approval process to occur. Once the dependent event has been approved by HRM, you will then be able to add them to your insurance plans. Please refer to the Open Enrollment Job Aid for step-by-step instructions.
If no action is taken, all benefits will roll over to the 2025 Plan Year, except for Flexible Spending Account(s) (FSA) and Health Savings Account (HSA) contributions. These contributions must be re-elected each year. If you wish to enroll or re-enroll in these accounts for the 2025 Plan Year, you must submit your monthly or annual contribution limit. FSA contributions can be made directly in the Open Enrollment Event. HSA contributions can be made via the GB-79 HSA Enrollment Form and sent to benefits@lsu.edu via FilesToGeaux.
Supplemental Retirement
Annual Enrollment is a great opportunity to evaluate your financial wellness and wealth building. Because most LSU employees do not contribute to Social Security, it is important that you are doing everything you can in order to secure your financial future. LSU offers additional retirement saving opportunities through its Supplemental Retirement Plans.
Supplemental Retirement Plans offer employees the opportunity to make contributions on a pre-tax basis under the 403(b) and 457(b) plans, or on an after-tax basis (Roth), or a combination of the two. 2024 IRS limits for these accounts are $23,000 (under age 50), or up to $30,500 (50 and over).
Employees can enroll in and/or make salary adjustments online 24 hours a day, 7 days a week.
- 403(b) Plans – you can enroll and/or make changes at MyRetirementManager.
- 457(b) Plan – you can enroll and/or make changes at LouisianaDCP.
These online enrollment tools not only allow for enrollment flexibility, but participants can also learn about their retirement savings plans, and view balance information.
Make Choices that Fit your Needs
Benefit needs may change as we age or as our family needs change. It’s important that employees evaluate their benefit needs each plan year and make appropriate changes in order to ensure they are properly covered and not spending unnecessary premium dollars.
Employee Responsibilities during Annual Enrollment:
- Review all communications regarding Annual Enrollment
- Educate themselves on plan offerings
- Ensure changes have been properly submitted by deadline
- Review and update beneficiary information if applicable
- Confirm your demographic information in Workday, including address and phone number
- Provide proper documentation, where applicable, such as dependent verification documents
- Verify insurance coverage and premium deductions are correct in December and January
Some things to consider when evaluating your benefit elections are:
- Monthly Premium
- Provider networks
- Covered medical and prescription services
- Deductible, Coinsurance, and Copays
- Prescription coverage and costs
- Estimated out-of-pocket costs
- Voluntary benefit offerings including dental, vision, life insurance, and flexible spending account(s)