2024 Open Enrollment News
2024 Open Enrollment Has Ended
Benefits Open Enrollment ended on Nov. 13, 2023. Any elections you made during the Open Enrollment period go into effect on Jan. 1, 2024.
Here is an overview of key changes for 2024.
What you need to do:
- Read this newsletter to find out what’s new for 2024.
- Explore this website to learn about your Veradigm benefits.
- Watch the 2024 Open Enrollment presentation video.
- Decide which benefits meet your and your family’s needs.
- Enroll between Oct. 30 and Nov. 13
If you are adding dependents...
You must provide proof of eligibility to add dependents who are not currently covered under the Veradigm benefit plans. The Veradigm benefits enrollment system will alert you to any documentation needed (such as a marriage certificate or birth certificate, etc.) to verify dependent eligibility. You must return documentation promptly to complete your coverage addition.
What’s new or changing for 2024
Medical
- Associate rates. While many companies are reporting double-digit increases to their rates, we’re happy to announce that associate premiums for the Cigna HRA, Cigna HSA, and all Kaiser plans will not change for 2024. Cigna PPO rates will increase by approximately 10%.
- Medical plan features for all options will stay the same.
- Transition to digital ID Cards. Starting in 2024, Cigna will be transitioning to digital ID cards exclusively. This means that new hires, recent enrollees, or individuals who alter their medical benefit will not receive a physical card next year. However, rest assured that your digital ID card will be readily accessible through myCigna.com. If you prefer a physical card, you can request a hard copy by calling Cigna at 1.800.997.1654.
Dental
- Associate rates will not increase for 2024.
- Dental plan features for both options will stay the same.
Pre-tax accounts
- Health Savings Account (HSA)
In 2024, the maximum amount you can contribute to an HSA is increasing to $4,150 for individuals and $8,300 for families, per IRS guidelines. The catch-up contribution limit if you’re 55 or older remains $1,000. - Healthcare flexible spending accounts (FSAs)
The maximum amount you can contribute to a healthcare FSA (general purpose or limited purpose) during open enrollment is $3,050 (but is expected to increase to $3,200 for 2024, pending confirmation by the IRS).