Annual Benefits Open Enrollment Period

**The information below is subject to change prior to the open enrollment period beginning.**

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Benefit	What's Changing for 2025	Action Required	Special Notes
Basic Term Life Insurance and Accidental Death & Dismemberment (AD&D)	No changes	No action required	For more information about life insurance, please visit Securian's website. The Benefit Scout link will help you determine which coverage works best for you and your family. Visit this site for more information about the State's life insurance options.
Health Insurance	Premiums increasing, but co-pays, deductibles & co-insurance NOT CHANGING	All employees are encouraged to review their selections in Edison. If not making changes, no further action is required. If making changes, complete them in Edison.	The following helpful videos may assist you in deciding which health insurance plan may be right for you: 2025 Premiums Health Plan Comparison of Member Costs
Dental Insurance	Cigna premiums will increase by 3.5% and Delta Dental premiums will increase by 1.5%.	All employees are encouraged to review their selections in Edison. If not making changes, no further action is required. If making changes, complete them in Edison. If selecting the Cigna Prepaid as a new plan, you must notify Cigna of your choice of accepted providers. Do so via the Prepaid Plan Primary Care Dentist Selection Form.
Vision Insurance	No changes	All employees are encouraged to review their selections in Edison. If adding or making changes between basic and expanded plans, complete them in Edison.	This helpful video may assist you in deciding whether to take this coverage. EyeMed Handbook [Link coming soon; PDF]
Voluntary Term Life Insurance	No changes	All employees are encouraged to review their selections in Edison. If not making changes, no further action is required. If making changes, complete them in Securian.	All new enrollments and increases in coverage will be subject to approval with a health questionnaire. Forms may submitted to the HR Service Center. Contact information: Securian Financial (Minnesota Life) Phone: 1.866.881.0631, Monday - Friday, 7-6 CT E-mail: lifebenefits@securian.com Website: securian.com/tn-insurance FIRST-TIME ENROLLMENTS • Enroll through the Securian website. • Your User ID is the letters TN plus your Edison ID number. For example, if your Edison ID was 12345678, your ID would be TN12345678. Your initial password is your 8-digit date of birth (MMDDYYYY) plus the last four digits of your Social Security Number. (Your Edison ID number can be found on your Caremark card or can be obtained from Human Resources by calling 678.3573 or e-mailing hrservicecenter@memphis.edu).
Voluntary Accidental Death and Dismemberment	No changes	All employees are encouraged to review their selections in Edison. If not making changes, no further action is required. If making changes, complete them in Edison.	Employees may still select a coverage level based on salary to a choice of these five amounts: $50,000, $60,000, $100,000, $250,000 or $500,000. Guaranteed coverage; no health evaluation needed.
Short-Term Disability	No changes	All employees are encouraged to review their selections in Edison. If not making changes, no further action is required. If making changes, complete them in Edison.
Long-Term Disability	No changes	No action required	Employees who use this benefit will receive 63% of their monthly salary, up to 10K per month, following a 90-day waiting period. (The maximum covered monthly salary is $15,873.02.) Coverage cannot be waived because it is 100% employer paid. LTD coverage options 1, 2 and 4 are also available, but employees are responsible for 100% of the premium. More details for employees who are currently off work on an LTD claim, what happens if you file a claim in 2025, tax implications and how time enrolled in current state or higher education LTD plans apply are available on the State of Tennessee's Disability website.
Flexible Benefits Medical FSA Dependent Care FSA Limited FSA	Medical FSA: For medical, dental and vision expenses Annual limit – $3,200 You can carry over a maximum of $610 at the end of 2024. Dependent Care FSA: Annual limit - $5,000 (same as in 2024) Limited-purpose FSA: For dental and/or vision expenses only and members enrolled in a Consumer-driven Health Plan. Annual limit - $3,200 You can carry over a maximum of $640 at the end of 2024.	These elections are for a calendar year. You must make these elections every year via this link. Enroll online here. Paper enrollment is not available. If you are setting up a new account, when prompted for the employer ID, the ID is 141056.	Our vendor for FSA/HSA in 2025 will remain Optum Bank.
Health Savings Accounts (HSA) ONLY FOR USE WITH CDHP HEALTH PLANS	HSA IRS maximum contributions for 2025 are increasing. There are limits on how much money you can put in your HSA each year: $4,300 for employee-only coverage in 2025 $8,550 for all other family tiers in 2025 Members 55+ can add $1,000 more each year These limits include the $500 or $1,000 you receive from your employer and any wellness incentive funds you may earn and add to your account.	CHDP Plan member should complete a 2025 HSA Authorization Payroll Deduction Form if you would like to contribute monies to your HSA.	Enrollment form must be submitted to Human Resources in 165 Administration Building. For new enrollees, Optum Bank will mail your instructions about how to set up your HSA account in early December.
Sick Leave Bank	No changes	Complete sick leave bank enrollment form if you would like to join.	Can enroll any time of year; not subject to annual enrollment period.