|Annual Selection Period for Retirees and Long-Term Disability (LTD) Recipients: November 1– 12
October 12, 2010,
Volume 57, No. 07
The Annual Selection Period for retirees and LTD recipients will run from Monday, November 1–Friday, November 12, 2010. This annual two-week event allows participants to review their current benefits and make changes for the upcoming calendar year. All changes will be effective as of January 1, 2011.
Personalized enrollment packets will be mailed to each participant’s home shortly. The mailing includes an insert detailing important dates, what’s new for 2011, and instructions on how to make changes; a personalized benefit election statement; medical plan comparison charts; premium charts; and enrollment forms. To contribute to the University’s efforts of reducing the amount of paper we generate and distribute, enrollment packets will not include a copy of the 2011 Annual Selection Guide. Detailed information, including the 2011 Annual Selection Guide, is available on the Human Resources website at www.hr.upenn.edu/benefits/retiring. Here, you’ll also find a complete list of what’s changing as of January 1, 2011, including:
• New medical plans for Medicare-eligible participants
• IBC 65 Special Plan no longer available to new enrollees
• Aetna Indemnity Plan no longer available
• New prescription drug plan for Medicare-eligible participants
• Higher copays and coinsurance amounts for some services
• MetLife Dental Plan enrollment
• New administrator for retiree and long-term disability benefit plans
Retirees and LTD recipients are invited to attend the benefit information sessions on November 2 and 3 in Bodek Lounge, Houston Hall. Two sessions will be held each day: from 10:30 a.m.–1 p.m. and 1–2:30 p.m. These sessions will include presentations by several providers such as Independence Blue Cross, Aetna and SilverScript. Representatives will be available to answer your questions after the presentations.
Those who wish to make changes to their benefits must complete and return a health enrollment form by Friday, November 12, 2010. If you have questions about this year’s Annual Selection Period, please contact Retiree Assist (Penn’s retiree and LTD benefits administrator) at (866) 789-7366, Monday–Friday, from 9 a.m.–5 p.m. EST.