Open Enrollment Resources
Your Guide to Benefits Enrollment for the 2025–2026 Plan YearOpen Enrollment Period:
May 12–23, 2025
Benefits Plan Year:
July 1, 2025–June 30, 2026
Choose Your 2025–2026 Benefits
Open Enrollment is May 12–23, 2025
At Michaels, we offer you and your family programs and resources that support and encourage a healthy lifestyle. When needed, our benefits can ease the financial burden of health care services, physicians, and medications.
The right benefits for you and your family can look different from year to year. Open
Enrollment is your once-a-year opportunity (unless you experience a qualifying life event) to select or update benefit coverages for you and your eligible family members that will start July 1, 2025.
This year, Open Enrollment is May 12–23, 2025.
You have choices when it comes to benefits. There is a wide array of plans and options available to suit your changing needs. We encourage you to review your needs for the coming year and select the benefits that will best meet your situation. Outlined on this page are reminders and next steps for you to take during this Open Enrollment period.
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Medical, Dental, Vision & More
As a Michaels Team Member, you have access to a range of benefits to meet your needs. There’s a lot to understand, so to help you make the best decisions for you and your family, detailed benefits information is available on this website.
Get started by reviewing this page and the Benefits Enrollment Guide, and then navigate to the Benefits tab in the menu at the top of every page.
Annual Wellness Exam
If you and/or your spouse/domestic partner were enrolled in a Michaels medical plan on or before March 1, 2025, you each must complete an annual physical exam sometime between July 1, 2024, and June 30, 2025, to avoid paying $30 surcharge per paycheck, per person, on your medical premiums beginning in August 2025.
Learn More: How to Fulfill Your Annual Wellness Exam Requirement
Tobacco Cessation Program
If you and/or your spouse/domestic partner are a tobacco user (including e-cigarettes and non-nicotine vaporizers) while enrolled in a Michaels BCBSTX or Kaiser medical plan, you will pay a $30 fee per person, per paycheck, added to your medical premiums beginning in August 2025.
You can qualify to have this fee removed by completing a Tobacco Cessation Program available to you free of charge.
Pet Insurance
You have the option to enroll in pet insurance, with payment conveniently accepted via credit card.
Learn More: Wishbone Pet Health Insurance
What You Need to Do
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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.
Dependent Eligibility Verification Will Be Required
If you add a new dependent to your coverage, you’ll receive instructions from Consova, Michaels third-party partner, on how to verify your dependents’ eligibility to participate in our plans. As part of the verification process, you will be asked to provide documentation for your new dependent, such as a birth certificate, court order, or marriage license.
Review the eligibility requirements to determine whether your dependent is eligible to be added to your coverage.
Important note: If you previously added a dependent to your coverage and verification was not completed, verification will be required.
Benefits for Peace of Mind: Life and AD&D Coverage
Michaels offers Basic and Voluntary Life and AD&D Insurance to help protect your income if you or your spouse/domestic partner are injured, disabled, or pass away. During Open Enrollment, you’ll have the option to enroll in or update this coverage.
Evidence of Insurability (EOI), or proof of good health, may be required based on the amount of any coverage changes. Enrollment in a Michaels medical plan is not required to enroll in Life and AD&D coverage.
Increasing Your Voluntary Life Coverage Amount
- You can increase your Voluntary Life Insurance coverage amount by up to $40,000 during Open Enrollment without being required to submit EOI for approval.
- You can also increase spouse/domestic partner coverage by up to $5,000 without EOI, or up to $30,000 with EOI.
- Any increase that causes your total coverage amount to be $500,000 or more will require EOI.
FSA & HSA Elections
You will have the opportunity to make Flexible Spending Account (FSA) and/or Health Savings Account (HSA) elections in October 2025 for the 2026 calendar year. If you change from one Michaels medical plan type to another (for example, PPO to HSA), this can affect your current FSA or HSA election for the remainder of the calendar year.
Below are FSA, HSA, and HRA scenarios that may be helpful to understand when making benefit elections. As a reminder, your FSA and/or HSA elections for the 2025 calendar year were made in October 2024.
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| Medical Benefit Election Effects on FSAs, HSAs and HRAs | Flexible Spending Accounts (FSA) | Kaiser Health Reimbursement Account (HRA) | Health Savings Account (HSA) | Health Savings Account (HSA) |
|---|---|---|---|---|
| Enrolled in: PPO Change to: Choice HSA | If you are currently enrolled in the Health Care FSA, your current account and the pretax contributions to the account will be automatically transitioned to the Limited Purpose FSA effective July 1, 2025. Why? Per IRS regulations, enrollment in an FSA account must remain in place through the end of the calendar year. Changing medical plan types is not a qualifying reason to opt out of contributing to an existing FSA (as opposed to, for example, a qualifying life event). You can opt out of the Limited Purpose FSA during the Michaels October FSA/HSA enrollment period with the effective date of Jan. 1, 2026. | Cannot enroll | HSA: Eligible to enroll during May 2025 Open Enrollment period. The 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you change it during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount any time during the year. This is different from the FSAs, which cannot be changed during the year unless you have a qualifying life event as described in your Summary Plan Description (SPD). You will be eligible for an HSA contribution from Michaels depending on whom you cover. | HSA: Eligible to enroll during May 2025 Open Enrollment period. The 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you change it during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount any time during the year. This is different from the FSAs, which cannot be changed during the year unless you have a qualifying life event as described in your Summary Plan Description (SPD). You will be eligible for an HSA contribution from Michaels depending on whom you cover. |
| Enrolled in: Choice HSA Change to: PPO | If you are currently enrolled in a Limited Purpose FSA, your current account and the pretax contributions to the account will be automatically transitioned to the Health Care FSA effective July 1, 2025. Why? Per IRS regulations, enrollment in an FSA account must remain in place through the end of the calendar year. Changing medical plan types is not a qualifying reason to opt out of contributing to an existing FSA (as opposed to, for example, a qualifying life event). You can opt out of the Health Care FSA during the Michaels October FSA/HSA enrollment period with the effective date of Jan. 1, 2026. | Cannot enroll | Required to stop contributing to your HSA. Your unused funds will remain available to use. | Required to stop contributing to your HSA. Your unused funds will remain available to use. |
| Enrolled in: PPO No change (This includes Basic & Enhanced PPO moves within the two plans) | If you are currently enrolled in the Health Care FSA, your 2025 pretax contributions will stay in place for the remainder of 2025. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax Limited Purpose FSA contribution amount, with the effective date of Jan. 1, 2026. | Cannot enroll | Cannot enroll | Cannot enroll |
| Enrolled in: Choice HSA No change | If you are currently enrolled in the Limited Purpose FSA, your 2025 contributions will stay in place for the remainder of 2025. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax Limited Purpose FSA contribution amount, with the effective date of Jan. 1, 2026. | Cannot enroll | HSA: Eligible to enroll during May 2025 Open Enrollment period. The 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you elect to change your contribution during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount anytime during the year. This is different from the FSA which cannot be changed during the year unless you incur a Change in Status as described in your Summary Plan Description (SPD). Michaels HSA contribution to your account will continue. | HSA: Eligible to enroll during May 2025 Open Enrollment period. The 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you elect to change your contribution during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount anytime during the year. This is different from the FSA which cannot be changed during the year unless you incur a Change in Status as described in your Summary Plan Description (SPD). Michaels HSA contribution to your account will continue. |
| Enrolled in: Kaiser HRA Change to: PPO | If you are currently enrolled in the Health Care FSA, your 2025 contributions will stay in place for the remainder of 2025. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax Health Care FSA contribution amount, with the effective date of Jan. 1, 2026. If not currently enrolled in an FSA, you may enroll during the October FSA/HSA enrollment period for the 2026 calendar year. | Michaels HRA contribution will stop | Cannot enroll | Cannot enroll |
| Enrolled in: Kaiser HRA Change to: Choice HSA | If you are currently enrolled in the Health Care FSA, your current account and the pretax contributions to the account will be automatically transitioned to a new Limited Purpose FSA effective July 1, 2025. Why? Per IRS regulations, enrollment in an FSA account must remain in place through the end of the calendar year. Changing medical plan types is not a qualifying reason to opt out of contributing to an existing FSA account (as opposed to, for example, a qualifying life event). You can opt out of the Limited Purpose FSA during the Michaels October FSA/HSA enrollment period with the effective date of Jan. 1, 2026 | Michaels HRA contribution will stop | HSA: Eligible to enroll in this plan during May 2025 Open Enrollment period. Your 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you elect to change them during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount any time during the year. This is different from the FSA, which cannot be changed during the year unless you have a qualifying life event as described in your Summary Plan Description (SPD). You will be eligible for a Michaels HSA contribution to your plan. | HSA: Eligible to enroll during May 2025 Open Enrollment period. The 2025 HSA pretax contribution you elect will stay in place for the remainder of 2025, unless you elect to change it during the year. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax HSA contribution amount, with the effective date of Jan. 1, 2026. Bonus! You can change your HSA election amount any time during the year. This is different from the FSAs, which cannot be changed during the year unless you have a qualifying life event as described in your Summary Plan Description (SPD). You will be eligible for a Michaels HSA contribution to your plan. |
| Enrolled in: Kaiser HRA No change | If you are currently enrolled in the Health Care FSA, your 2025 contributions will stay in place for the remainder of 2025. During the Michaels October FSA/HSA enrollment period, you will elect your 2026 pretax Health Care FSA contribution amount, with the effective date of Jan. 1, 2026. If not currently enrolled in an FSA, you may enroll during the October FSA/HSA enrollment period for the 2026 calendar year. | Michaels HRA contribution will stop | Cannot enroll | Cannot enroll |
Enroll by 11:59 p.m. CT on Friday, May 23, 2025.
You don’t have to do anything to keep your current coverage. However, you must complete enrollment to:
- Change your current benefit elections
- Add new dependents to your coverage
- Remove dependents from your coverage
If you take no action during Open Enrollment, your current benefit elections will continue automatically at the new 2025–2026 rates. Outside of Open Enrollment, you will only be able to change your benefit elections if you experience a qualifying life event.
Begin Enrollment
You can enroll in or update your benefit elections online in Workday. Below you will find step-by-step instructions for how to enroll, along with information about the eValuate Health Plan Selector tool.
Enroll Online in Workday
- Log in to Workday using single sign-on or through the app. Choose View all Apps and click on the Benefits app.
- Make your elections for each plan. Click Save to make sure your choices are recorded.
- When you are done, click Review and Sign or Save for Later. You must submit any changes you have made to finalize your choices.
eValuate Helps You Choose the Right Plan
Use the eValuate tool for help selecting the right medical plan for you. Choosing a medical plan can be confusing, and eValuate can help!
The eValuate tool offers transparency in plan costs and a way to model how you and your family use your medical plan. The more you know about the available choices, plans and features, the easier it is to select and use your benefits wisely.
Open Enrollment Webinars & Meetings
The Benefits team will host enrollment webinars and live meetings in some locations according to the schedule below.
| Training | Date/Time (CST) | Location |
|---|---|---|
| Artistree Presentation | Tues, May 6 from 1:30–2 p.m. | 2475 Esters Blvd, Ste 100, DFW Airport, TX 75261 |
| Alliance Distribution Center In-Person Presentation | Wed, May 7 from 1:30–2 p.m. and 2:30–3 p.m. | 860 Westport Pkwy, Haslet, TX 76177 |
| Royal Ridge In-Person Presentation | Mon, May 12 from 1–2 p.m. | Auditorium |
| Team Member Webinar | Wed, May 14 from 11 a.m. – 12 p.m. | Join via Teams |
| Team Member Webinar | Thurs, May 15 from 1–2 p.m. | Join via Teams |
| Team Member Webinar | Mon, May 19 from 12–1 p.m. | Join via Teams |
| Royal Ridge In-Person Presentation | Tues, May 20 from 10–11 a.m. | Auditorium |
Helpful Resources
Know Where to Go for Answers
Call Team Member Services at 855-432-MIKE (6453), option 2, or submit a ticket through the Knowledge Zone.