This week, UAB begins rolling out information about open enrollment to provide benefit-eligible employees time to review upcoming changes and make informed decisions for themselves and their families.
1. Open enrollment dates are set
UAB’s annual open enrollment for benefits will begin 7 a.m. Oct. 20 and conclude 5 p.m. Nov. 6. Eligible employees can choose among dental, vision and health insurance plans, plus voluntary life and accidental death and dismemberment insurance and tax-deferred spending accounts for health and dependent care for 2024. You can review all the information you need in the open enrollment toolkit anytime on the UAB for Me portal.
2. Action is required
This is an active open enrollment, which means any benefit-eligible employee who does not select a 2024 health care plan option during the enrollment period will not have UAB-provided health care coverage (medical, dental, vision) beginning January 2024. Detailed offerings of these plans will be provided in coming weeks to better enable you to make the best choice for your household.
3. Vision and dental premium rates are flat
UAB has been able to keep dental rates flat since 2018 and vision rates flat since 2015. Most recently, all employees saw a reduction in vision premiums for 2021 and 2022. Vision and dental rates once again will stay flat in 2024.
4. Expect changes to medical premium rates and plan designs
There have been no significant plan design changes to copays and deductibles for UAB’s medical plans since 2015. For UAB to remain competitive in the market, stay in line with national benchmarks and keep costs down as much as possible for all employees, there will be plan design changes for 2024.
5. Detailed information will be available in coming weeks
As weekly articles specific to various benefit plan offerings are rolled out, detailed open enrollment information will be housed in the UAB for Me portal. UAB will offer employees the opportunity to ask questions and get answers before choosing benefits. More information will be provided as those plans are finalized. Meanwhile, contact your school/department HR consultant or the UAB Benefits office, benefits@uab.edu or 934-3458.