Syracuse University’s benefit program offers flexibility and choice to meet the diverse needs of our employees. Unless you experience a qualifying life event in 2020, Open Enrollment is your one opportunity to review your current benefits, consider all of your options and decide which benefits you want to elect for the coming year. If you want to make changes to your benefits for 2020, be sure to complete your enrollment online via myslice.syr.edu Nov. 4-15.
- Affordable employee contributions
There will be no increase in your contributions for dental, vision and life insurance.
- No increase in deductibles, copays and coinsurance
There will be no increase in deductibles, copays and coinsurance for the dental and vision plans.
- Dental and vision coverage carries over from 2019
This is the second year of a two-year commitment for the University’s dental and vision plan, so no need to elect dental or vision coverage this year—your 2019 elections will remain in place for 2020. You may add or remove a dependent from your dental and vision coverage, if needed.
- Action required for FSA enrollment
Your current Dependent Care Flexible Spending Account (FSA) contribution will not continue into 2020 unless you take action during Open Enrollment. The annual maximum household contribution for a Dependent Care FSA is $5,000 to pay for child care and adult dependent expenses.
- Set yourself up for financial success
Open Enrollment is the perfect time to check your retirement contributions to make sure your savings are aligned with your future goals. Log in to review your TIAA account balance online at tiaa.org/syr and increase your voluntary contributions through MySlice. Check out the newly redesigned Financial Wellness hub for resources to help you plan for a financially secure future.
- Increase your life insurance
Be sure to complete MetLife’s Statement of Health and send it directly to the vendor for potential approval.
- Add or change your dependent(s)
Review the Benefits Eligibility Policy for more information about eligible dependents under the University’s benefit program. Remember, when you add a spouse, partner or child to your coverage, you must provide supporting documentation to HR Shared Services to confirm their eligibility.
- Take action now!
When you’re ready to enroll, log in to MySlice, make your elections and click FINISH to submit.
Questions about benefits? Come join us! Various sessions are available to fit your needs.
Please contact HR Shared Services at 315.443.4042 or firstname.lastname@example.org with any questions or requests for accessibility and accommodations.
Benefits Open House: Join us at the Benefits Open House on Tuesday, Nov. 5, from 11 a.m.-2 p.m. at the Barnes Center at The Arch, MAC Court. You can speak directly with our benefit partners and HR representatives about your 2020 options and have your questions answered in time for Open Enrollment.
Information Sessions: Attend one of our on-campus presentations or view a recorded webinar to learn the ins and outs of our 2020 benefit offerings. The information sessions cover standard University benefits. Although as a part-time faculty member you are not eligible for all of the benefits discussed, you are welcome to attend or participate in any session.
Office Hours: Meet one-on-one with an HR representative for assistance with any questions about enrolling, coverage and how to get the most out of your benefits. View the dates, times and locations for Office Hours.
Can’t make it to any of these options? HR Shared Services is available 8:30 a.m.-5 p.m., Monday through Friday. Call 315.443.4042, email email@example.com or stop in to HR Shared Services, Skytop Office Building, anytime during business hours for assistance.
If you expect to have dependent care expenses next year, setting aside money in an FSA is a great way to save on taxes.
|Dependent Care FSA|
|What can you use it for?||Day care expenses for a child under age 13, or an adult dependent, so you (and your spouse/partner) can work|
|How much can you contribute?||$5,000 per household|
|What if you don't claim the full amount?||IRS rules require that you will lose any amount not claimed by April 30 of the following year|
Be sure you read and understand which expenses are eligible, when you can access the funds and how to file claims by the deadline. Details, online calculators and tips can be found on the WageWorks site or on the Flexible Spending Account page.
Whether you’re just beginning your career or planning for retirement, Syracuse University provides assistance with meeting the financial demands of many of life’s most significant events. You can find resources to help plan for a financially secure future on the Financial Wellness website. Be on the lookout for upcoming opportunities to increase your financial know-how and understand the steps toward retirement readiness.
Although you can change your retirement plan contributions at any time, Open Enrollment is a perfect time to evaluate what you’re setting aside for retirement and ensure you’re on track to meet your future goals. You can log in and review your retirement account balance online with TIAA and increase your voluntary contributions through MySlice.
- Dental and Vision: It is the second year of a two-year commitment for the University’s dental and vision plans. This means that the only change you can make this year is to add or remove dependents from the plan you chose for 2019—unless you have a qualifying life event. Your current elections will remain in effect through Dec. 31, 2020. Check out our online resources to ensure you’re using your dental and vision benefits to the fullest.
- Life Insurance and Accidental Death & Dismemberment (AD&D): Syracuse University provides you with life insurance and AD&D offered through MetLife, with options to purchase supplemental coverage for yourself and your family members at favorable group rates. Visit the Modified Benefits website to learn more. A Statement of Health must be approved by MetLife before certain coverage is effective. Enroll or increase your supplemental life coverage to protect your family, and gain a valuable additional benefit: free will preparation [PDF].
Life circumstances can change from year to year, and Open Enrollment is a time to review who is covered under your benefits and add or remove dependents, if necessary. A few reminders:
- If you add a dependent to any benefit plan, you must provide proof of eligibility (i.e., marriage license, domestic partner documentation, birth or adoption certificate, legal custody paperwork, etc.). Eligible dependent criteria can be reviewed by visiting the Benefits Eligibility Policy.
- Beneficiary designations can be updated through myslice.syr.edu (for your life insurance policy) or at tiaa.org/syr (for your retirement account).
- While you’re in MySlice, review your personal information, such as your address, military status, tax withholding information, direct deposit and emergency contact, and make any changes.
Every effort has been made to ensure that the information contained within this website is accurate. However, benefits are governed by legal documents (which, in certain circumstances, may include insurance contracts). If there is any difference between the information on this website and the official documents, the official documents will control. As is the case with all of Syracuse University’s benefit plans, the University reserves the right to modify or terminate these benefits at any time.