Open Enrollment Resources
Your Guide to Benefits Enrollment for the 2024-2025 Plan YearOpen Enrollment Period:
May 6–17, 2024
Benefits Plan Year:
July 1, 2024 - June 30, 2025
Prepare for the New Benefits Plan Year
What You Can Do
Open enrollment for the 2024-2025 benefits plan year is May 6–17, 2024. During this annual open enrollment period, you are encouraged to review your benefit options, coverage information, and rate changes taking effect with the new plan year starting July 1, 2024.
You don’t have to do anything to keep your current coverage. However, you MUST complete enrollment to:
- Change your current benefit elections
- Add or remove covered dependents
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If you do not take action during the annual open enrollment period, your current benefit elections will continue at the new 2024-2024 rates for the 2024-2025 plan year, which begins on July 1, 2024 and ends on June 30, 2025.
You can only change your benefit elections outside the annual open enrollment period if you experience a qualifying life event. For more information about qualifying life events, please visit this link: Change in Status.
What Happens If You Don't Take Action
If you do not take action during the annual open enrollment period, your current benefit elections will continue at the new 2024-2024 rates for the 2024-2025 plan year, which begins on July 1, 2024 and ends on June 30, 2025.
You can only change your benefit elections outside the annual open enrollment period if you experience a qualifying life event. For more information about qualifying life events, please visit this link: Change in Status.
FSA & HSA Elections
Team members will have the opportunity to make Flexible Spending Account (FSA) and/or Health Savings Account (HSA) elections in October 2024 for the 2025 calendar year. Outlined below are scenarios that might apply to you.
Scenario | Flexible Spending Account | HRA (part of Kaiser medical Plan) | Health Savings Account |
---|---|---|---|
Enrolled in the PPO Plan and switch to the HDHP Choice HSA 7/1/2024 | Required to move from full FSA to Limited Purpose FSA if previously enrolled in full FSA (can't have H.S.A and full FSA). | Cannot enroll. | Can start contributing to HSA. |
Enrolled in HDHP Choice HSA and switch to the PPO medical Plan 7/1/2024 | If enrolled in Limited Purpose FSA, have the option to switch to the full FSA but not required. | Cannot enroll. | Required to stop contributing to HSA. |
Enrolled in PPO Plan and stay in this plan 7/1/2024 | If enrolled in Full FSA, will not be able to make changes to this plan until October 2024 for a 1/1/2025 effective date. If enrolled in Limited Purpose FSA already, will need to keep current election. They can then make changes to this plan in October 2024 for a 1/1/2025 effective date. | Cannot enroll. | Cannot enroll. |
Enrolled in HDHP Choice HSA and stay in this plan 7/1/2024 | Can keep current Limited Purpose FSA, will not be able to make changes to this plan until October 2024 for 1/1/2025 effective date. | Cannot enroll. | Can change election amount anytime throughout the year. ER HSA contribution should continue as long as they are enrolled in Choice HSA Medical. |
Enrolled in Kaiser and keep Kaiser medical plan 7/1/2024 | Enrolled in FSA plan, keep current enrollment. Will need to wait until October 2024 to elect for 1/1/2025. If not currently enrolled in FSA, they will need to wait until October 2024 to elect for 1/1/2025. | HRA election will continue. | Cannot enroll. |
Enrolled in Kaiser HRA medical and moves to PPO Plan 7/1/2024 | Enrolled in FSA plan, keep current enrollment. Will need to wait until October 2024 to elect for 1/1/2025. If not currently enrolled in FSA, they will need to wait until October 2024 to elect it for 1/1/2025. | HRA election will stop. | Cannot enroll. |
Enrolled in Kaiser HRA medical and moves to HDHP Choice HSA 7/1/2024 | Required to move from full FSA to Limited Purpose FSA if previously enrolled in full FSA (can't have H.S.A and full FSA). | HRA election will stop. | May start contributing to HSA. |
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What's New for 2024-2025
Slight Cost Increases
- Health care costs continue to rise. We’re committed to providing you with high-quality services with a range of medical plans to fit your needs. This year, you’ll see changes to deductibles, out-of-pocket maximums, coinsurance, and copays for the BCBSTX Enhanced PPO and Choice HSA plan. You’ll also see varying increases to premiums on all medical plans. We continue to share the cost of health care for you and your family, with Michaels absorbing approximately 75-80% of the cost of coverage.
- Wellness and tobacco surcharges will increase from $25 per paycheck to $30 per paycheck. Make sure you and your covered spouse/domestic partner complete a preventive wellness exam between July 1, 2023 and June 30, 2024. You’ll avoid a $30 per paycheck surcharge per person on your medical premiums. If you are enrolled in a Michaels BCBSTX plan, you also have the option to use VirtualCheckup through Catapult Health.
- You can use the eValuate tool to choose the medical plan that makes the most sense for you and your family. The more you know about the available choices, plans, and features, the easier it is to select and use your benefits wisely.
Prescription Drugs
New! For no additional cost, eligible Team Members can take advantage of the Specialty Drug Split-Fill program to try a partial quantity of a newly prescribed specialty drug before the full month’s supply is filled.
Hospital Indemnity
New! Eligible Team Members have the option to enroll in Voluntary Hospital Indemnity coverage that pays a direct cash benefit in the event of a hospital stay.
Pet Insurance
New! Eligible Team Members can enroll in Wishbone pet insurance. Premiums can be paid with a credit card.
Wellness & Tobacco Surcharges
You can avoid surcharges and higher premiums for medical coverage by fulfilling the wellness exam requirement and qualifying as tobacco-free.
- The wellness surcharge is $30 per person, per paycheck. To avoid this surcharge for 2024–2025 plan year, you (and, if covered, your spouse/domestic partner) will want to make sure you complete an annual physical exam between July 1, 2023 and June 30, 2024. If you are enrolled in a BCBSTX medical plan, you also have the option to complete your wellness exam requirement by using the VirtualHealth Checkup through Catapult Health, and there is no charge for this service.
- The tobacco surcharge is $30 per person, per paycheck. To avoid this surcharge for the 2024–2025 plan year, you (and, if covered, your spouse/domestic partner) must be tobacco-free for at least six months leading up to the date you enroll in benefits. Tobacco cessation programs are available free of charge through any Michaels medical plan.
For more detailed information and instructions on how to ensure these surcharges don’t apply to you, visit this link: Wellness Programs & Surcharges.
Open Enrollment Meetings & Webinars
Training | Date | Time | Location |
---|---|---|---|
Intro Call with TMS | Wednesday, April 24, 2024 | 1-2 p.m. CT | Join via Teams |
Intro Call with HRBPs | Tuesday, April 30, 2024 | 12-11 a.m. CT | Join via Teams |
NSO Department Call | Tuesday, April 30, 2024 | 11 a.m. - 12 p.m. CT | Join via Teams |
Intro Call with HRBPs | Wednesday, May 1, 2024 | 10-11 a.m. CT | Join via Teams |
Intro Call with HRBPs | Thursday, May 2, 2024 | 11 a.m. - 12 p.m. CT | Join via Teams |
Alliance Presentation | Friday, May 3, 2024 | 1:30 - 2 p.m. CT | 860 Westport Pkwy Haslet, TX 76177 |
Alliance Presentation | Friday, May 3, 2024 | 2:30 - 3 p.m. | 860 Westport Pkwy Haslet, TX 76177 |
Support Center Auditorium Presentation | Monday, May 6, 2024 | 1-2 p.m. CT | Royal Ridge |
Ridge Point Presentation | Monday, May 6, 2024 | 2:30 - 3:30 p.m. CT | Cafeteria |
Team Member Webinar | Wednesday, May 8, 2024 | 1-2 p.m. CT | Join via Teams |
Artistree Presentation | Wednesday, May 8, 2024 | 2-3 p.m. CT | 2475 Esters Blvd Ste 100 DFW Airport, TX 75261 |
Team Member Webinar | Thursday, May 9, 2024 | 11 a.m. - 12 p.m. CT | Join via Teams |
Team Member Webinar | Friday, May 10, 2024 | 9-10 a.m. CT | Join via Teams |
Support Center Auditorium Presentation | Tuesday, May 14, 2024 | 10-11 a.m. CT | Royal Ridge |
Begin Enrollment
Log in to Workday
Workday Job Aids
- How to Enroll in Workday: English | Spanish
- How to Add Dependents in Workday: English | Spanish
- Other: Accessing Workday on LOA
Know Where to Go for Answers
Call Team Member Services at 855-432-MIKE (6453), option 2, or submit a ticket through Knowledge Zone.
Choose Wisely — No Changes After Enrolling!
Changes to your benefit elections are only allowed outside of the open enrollment period if you have a qualifying life event, such as a birth, adoption, marriage, or divorce. Changes in status must be made within 30 days of the qualifying life event. For more information, follow this link: Change in Status.