Faculty & Staff Benefits Open Enrollment
Faculty & Staff Benefits Open Enrollment
Our annual Open Enrollment for benefit elections will be October 28 - November 8, 2024. Please take this opportunity to make changes or review your benefit options for 2025. This year will be a passive enrollment process, meaning that all benefits-eligible
You can check your benefits summary on LORA Self Service for your current election information.
The 2025 Benefits Guide is located on the open enrollment webpage.
How to Enroll Instructions - this is your guide to making changes to your benefits easy. These instructions will walk you through steps for completing your online enrollment in LORA Self Service.
Medical Insurance
- UnitedHealthcare continues to be our medical provider for 2025. You are still offered four plan options. You may review the Summary of Benefits & Coverage here: Core, Basic, Plus, and HDHP.
- Loyola continues to offer a tiered Ochsner network for the Core, Basic, and Plus plan options. This network offers enhanced benefits for select services when you use an in-network Ochsner provider. See the Benefits Guide for more details.
UnitedHealthcare Select Member Network Resource Guide
- Tier 1 Ochsner Health Network Hospitals
- Urgent Care centers
- Member Resources
Additional Resources:
- LIG Solutions flyer: LIG Solutions is a Gallagher Benefits Services partner. LIG is available to you for understanding what options you have for Medical insurance, including considering options outside of Loyola's offered plans (i.e. Marketplace options).
- Family Glitch Flyer: This flyer summarizes what is known as the Family Glitch and how you can determine if your dependents (spouse and/or children) are eligible for a Marketplace subsidy. Please take a moment to review this flyer and the examples provided for determining your family's eligibility. This information will also be covered during the 2024 Open Enrollment presentations.
Prescription Drug Coverage
Elixir has become part of the MedImpact Prescription benefits program. You will see Elixir branding change to MedImpact throughout 2025. Payer Matrix will continue to be the Alternative Funding provider for select specialty medications.
Dental Insurance
Loyola will continue to offer 3 dental plan options: 2 DPPO plans and 1 DHMO plan. Premiums will remain the same in 2025. Plan details are outlined in your 2025 benefits guide.
Dental Plan Summaries:
Cigna dental ID cards will now be digital only. Cards may be accessed through mycigna.com or the myCigna mobile app.
Providers can be found on the CIGNA website (http://www.cigna.com)
Vision Insurance
The vision coverage premium and plan design will remain the same for 2025.
You will not receive new ID cards unless you are enrolling for the first time. You may continue to use your UNUM or AwaysCard card to receive care.
Flexible Spending Accounts (FSA)
Don’t forget you must re-enroll in the Flexible Spending Accounts (FSAs) every year. If you wish to participate in a flexible spending account for 2025, you must enroll on LORA Self Service by November 8, 2024. With an FSA you can set aside money on a pre-tax basis to pay for out-of-pocket healthcare and dependent care expenses.
For 2025, the maximum contribution limit for a Health Care FSA is $3,300. You can set aside a maximum of $5,000 for dependent care expenses. WageWorks/HealthEquity will continue to administer this benefit.
For more information about the WageWorks app: EZ Receipts
Life Insurance
The Lincoln Financial life and LTD coverage premiums will remain the same for 2025.
The Voluntary Life Insurance and Voluntary Spouse Life Insurance increments offered are changing from 1, 2 or 3 times salary, to $10,000 increments for Voluntary Life and $5,000 increments for Voluntary Spouse Life. See more details in the Benefits Guide.
Critical Illness, Accident and Hospital Indemnity Coverages
Beginning in 2025, Lincoln Financial will administer the Voluntary Benefits (Critical Illness, Accident and Hospital Indemnity) in 2025.
The coverage amounts available for Critical Illness have changed to the following increments for Employee only coverage: $5,000, $10,000, $15,000, $20,000 and $30,000. The Spouse coverage amounts have also changed to: $5,000, $10,000, $15,000, $20,000 and $30,000. Coverage for a spouse may now be up to 100% of the Employee coverage.
If you were enrolled in AFLAC coverage in 2024 and no action is taken during Open Enrollment, your current Critical Illness, Accident and/or Hospital Indemnity coverage will carry over for 2025 with Lincoln.
Health Care Reform requires employees to be provided with standard Summary of Benefits and Coverage (SBC) information so that you may be better able to compare Loyola's plans to other medical plans. A link to the Core, Basic and Plus Medical Plan SBC's can be found on the Benefits Summary Plan Descriptions webpage. This information may make it easier for you to compare our plan to a spouse's employer plan or other coverage, so you can make the best benefits decision for you and your family.
The Open Enrollment Newsletter is available for you to review online.
Medicare Part D Notice of Credible Coverage - A required notice for employees eligible for Medicare or becoming eligible in the upcoming year.
Required Notices - Required notices for health and welfare benefits during the annual open enrollment.