It’s that time of year again—open enrollment for your 2025 benefits is right around the corner! Open enrollment will begin on November 25, 2024 and run through December 9, 2024. This is your annual opportunity to review, update, and choose your benefits for the upcoming year.

> Open Enrollment Overview

> Digital Guide 

> PLANselect

> Shields Health $2,500 HSA Plan

> Shields Health $2,000 Network Plan

> Shields Health $4,000 HSA Plan

> Glossary of Terms

> Webinar Dates: 11/25 10:30-11:30a & 12/5 5:30-6:30p

What You Need to Know for 2025

• We are dedicated to offering competitive, high-quality benefits that enhance your health, well-being, and financial security. Based on feedback from our team, and the rising costs of healthcare, we have made updates to our plan options and premium costs for the upcoming year.

 

 Key Changes to 2025 Benefits

• Accolade Navigation Service ending. Employees can now contact HPI directly for assistance, eliminating the need for Accolade.
• Plan Option Changes: Will continue to offer three plans. A traditional EPO Plan, a moderately priced high deductible health plan, and a new, more affordable high deductible health plan.

Note:  New ID cards will be issued to all 2025 medical plan participants, including both current and new enrollees, featuring HPI’s member contact information.

• Dental Plan Offerings: We will maintain two dental plans. The lower-cost plan remains unchanged, while the high plan will see increased calendar year maximums and orthodontia lifetime maximums.

 

What You Need to Do

1. Review Your Options: We encourage you to take the time to explore all the updated plan offerings and premium costs. A new and improved decision support tool will be available to help you easily compare plans.
2. Use Our Resources: We are providing several resources to assist you in making informed decisions:
   • Benefits Information Sessions: Join us on Monday, November 25 at 10:30am and Thursday, December 5 at 5:30pm for live webinars where we will walk through the changes and answer any questions you may have.
   • Digital Benefits Guide
   • Decision Support Tool
   • Who to Ask Guide

 

Enroll or Update Your Benefits

• Log into ADP between November 25^th and December 9^th to enroll or update your benefits selections. Even if you’re not making any changes, we strongly encourage you to log in and confirm your current choices.

Important: If you do not make any changes during Open Enrollment, your current health plan will automatically change as follows: The current 2000 HSA plan will switch to the 2500 HSA plan, the current 1500 EPO plan will default to new 2000 EPO plan, and all other existing coverage will remain unchanged. Please note the FSA and HSA will require manual re-enrollment.

 

Why the Changes?

• We recognize that any increase in healthcare costs can be challenging, and we want to be clear about the reasons behind these adjustments. Like many organizations, we face rising costs in healthcare and prescription services. These adjustments are necessary to maintain a comprehensive benefits package that provides high-quality care while supporting the well-being of all employees. In response to your feedback and to help manage some of the increases in insurance rates, we are introducing a lower-cost plan compared to previous years, with it we are offering a larger employer contribution to your HSA.

 

If you have any questions, feel free to reach out to HR or email us at humanresources@shields.com.

IMPORTANT!

Open enrollment is a passive enrollment. If you are currently enrolled and do not actively enroll or drop your coverage for 2025, you will be automatically enrolled as follows: 

- Current $2000 HSA Plan participants will default to the $2500 HSA Plan.

- Current $1500 EPO Plan participants will be enrolled in the $2000 EPO Plan.

- If you want to enroll in the $4000 HSA Plan, you will have to actively enroll in this plan.

- All other existing elections (dental, vision, voluntary life, etc.) will remain unchanged.-

- You must actively enroll in the FSA (Healthcare and Dependent Care) and HSA plans if you want to participate in 2025.