Open Enrollment 2024-2025
CU Medicine's Open Enrollment begins at 8 a.m. on Monday, April 29, and ends at 4 p.m. Friday, May 10. This is your annual opportunity to keep, waive or enroll in medical, dental, vision, life and disability insurance for the coming plan year, effective
July 1, 2024.
If you want to keep the same benefit choices, no action is required and you will be automatically re-enrolled.
One exception: You must actively enroll in Health Care and Dependent Care Flexible Spending Accounts (FSA) for plan year 2024-2025.
WHAT'S NEW? At a glance:
- All plans will offer no-cost generic drugs used to prevent or treat chronic health conditions such as cardiovascular disease, respiratory issues, and many others.
- Deductible will increase for the High Deductible plan.
- Monthly premiums will vary by plan, with no change for some plans and increases for others.
RATES AND MONTHLY PREMIUMS
MEDICAL PLAN CHANGES
No-cost coverage for generic preventative drugs:
A big part of staying healthy is finding and treating problems before they get serious. That’s one reason CU Health Plan is expanding for no-cost preventative generic drugs.
- CU Health Plan enrollees will be able to fill prescriptions for generic drugs used to prevent or treat certain chronic health conditions at no cost. Common conditions includes:
- Cardiovascular conditions
- Respiratory disorders
- Osteoporosis
- Anticoagulants/antiplatelets
- Preventative care
- Women’s health
- And more!
- When prescribed eligible drugs by your doctor, you’ll be able to fill these at $0 cost, even if you haven’t met your medical plan deductible yet.
- Generic drugs use the exact same effective ingredient(s) of brand-name medications and are formulated with the same quality, dosage, safety and effectiveness as the original drugs.
- Covered no-cost preventative generic drugs were determined by Affordable Care Act and IRS regulations, and covered drug lists are updated quarterly.
- Anthem plan members can find a list of eligible drugs on the CVS website, and Kaiser plan members can view their drug pricing quick reference guide and preventative tier drug list.
High Deductible plan deductible and out-of-pocket maximum increasing:
- CU Health Plan – High Deductible enrollees will see their deductible increase to $1,600 for single in-network coverage and $3,200 for family in-network coverage (formerly $1,500 and $3,000 respectively).
- This represents the lowest deductible allowed by the IRS for high deductible plans that pair with a Health Savings Account.
- The out-of-pocket maximum will increase to $3,200 for single in-network coverage and $6,400 for family in-network coverage (formerly $3,000 and $6,000 respectively).
- The plan’s out-of-network deductible will be $3,200 for single coverage and $6,400 for family coverage (formerly $3,000 and $6,000), and the out-of-pocket maximum will be $6,400 for single out-of-network coverage and $12,800 for family out-of-network coverage.