The open enrollment period for benefits effective January 1, 2016, begins on Monday, November 9, 2015, and ends at 3 p.m. on Friday, December 4, 2015. Open Enrollment is the only chance benefits-eligible employees have to change plans, add or drop coverage, and/or add or drop eligible dependents, unless a Life Status Changing Event takes place. Changes made during Open Enrollment become effective on January 1, 2016.

You must complete the open enrollment process by Friday, December 4, 2015. If you have any questions regarding open enrollment, please contact Viktoria Rill at 7.3353 (312.567.3353) or vrill@iit.edu.

This year we are holding informational sessions throughout the Open Enrollment period. We strongly encourage you to attend one of the sessions to learn about the new online process for Open Enrollment, and about any benefit options with which you may not be familiar.

Click here to watch the 2016 Open Enrollment Presentation

• For the first time, Open Enrollment will take place online for medical, dental, and vision benefits. For instructions and Frequently Asked Questions, please click here.
• If you are not making changes to your current medical, dental, and vision elections, you do not need to take any action. Your current elections will roll into 2016.
• If you wish to make changes to your Voluntary Life Insurance, or 403(b) elections, you will need to complete paper forms. Please see below for additional information.
• If you are interested in health and/or dependent day care flexible spending, you MUST re-enroll for the 2016 plan year at www.wageworks.com. Current 2015 health and/or dependent day care flexible spending elections WILL NOT continue in 2016.

Link to WageWorks Online Enrollment Instructions

Informational Session Schedule:

2016 Benefits Summary:

• Medical—no changes to our current In-Network PPO or HDHP plans
• Dental—no changes to our current PPO or DHMO plans
• Vision—no changes to our current plan
• Life Insurance—no changes to our current plan (paper enrollment/changes only)
• Flexible Spending—you must re-enroll at www.wageworks.com

Blue Cross Blue Shield—Medical Insurance

Changes to your health plan, including changing plans, changing tiers, and adding or dropping dependents, should be made online through myIIT.

Link to 2016 Plan Summary [update year in link title, linked document does not include date]

Link to 2016 Medical Rate Grid

Delta Dental—Dental Insurance

Changes to your dental plan, including changing plans, changing tiers, and adding or dropping dependents, should be made online through myIIT.

Link to 2016 Dental HMO

Link to 2016 Dental PPO-2

Link to 2016 Dental Rate Grid

EyeMed–Vision Insurance

Changes to your vision plan, including changing plans, changing tiers, and adding or dropping dependents, should be made online through myIIT.

Link to EyeMed Benefits Summary

Link to 2016 Vision Rate Grid

Dearborn National—Voluntary Life Insurance

Changes to voluntary life, including enrolling in and increasing or decreasing coverage for self, spouse, and/or dependent children, should be submitted to HR via the forms below.

Link to Dearborn National Voluntary Life Insurance Benefits Summary and Rate Grid

Link to Dearborn National Voluntary Life Insurance Enrollment Form

Link to Dearborn National Evidence of Insurability Form

Flexible Spending

Illinois Tech utilizes the WageWorks Online Enrollment tool. If you are new to the program, follow the below instructions to register on the WageWorks website. If you are a returning participant, you will log onto the WageWorks website with your current username and password. If you do not remember your username or password you can click the Forgot Username or Password link and follow the steps to obtain your username and create a new password.

**Remember, if you wish to participate in the health and/or dependent day care FSA plans for 2016, you must make an active election into the plan. Your 2015 elections do not carry over to 2016.**

Link to WageWorks FSA Flyer

Link to WageWorks Commuter Flyer

Link to WageWorks Online Enrollment Instructions

Link to www.wageworks.com

403(b) PLAN

If you are not currently participating in the 403(b) plan and/or receiving the employer match and you have met the eligibility requirements as listed below, now is a good time to enroll. The university contribution begins at 5% of the annual base salary with no employee contribution and it ends at 9% with a 4% employee contribution. If you are not currently enrolled, please consider investing in your retirement by completing the Salary Reduction Agreement form linked below to start your contributions.

The IRS has announced that contribution limits to 403(b) plans will remain the same for 2016. Participants under age 50 may contribute $18,000 per year and participants 50 and older may contribute $24,000 per year. If you wish to contribute the IRS maximum to the 403(b) plan and did not do so in 2015, you will need to complete a new Salary Reduction Agreement form for 2016.

Finally, you may change your 403(b) contributions at any time during the year.

Link to the Salary Reduction Agreement Form

Link to the 403b Vendor Information Sheet