Annual Enrollment

Annual Enrollment Begins October 1, 2024: As a benefits-eligible LSU employee, you have a wide variety of benefit options available to you and your eligible dependents. Annual Enrollment provides you an annual opportunity to enroll, make changes to, or cancel benefit elections for the following calendar year. You can review your current benefit elections in Workday, including enrolled dependents and designated beneficiaries, and make changes that fit your needs. 

If no action is taken, all benefits will roll over to the 2025 Plan Year, except for Flexible Spending Account(s) (FSA) and Health Savings Account (HSA) contributions. These contributions must be re-elected each year. All elections made during the Annual Enrollment period (October 1 - November 15, 2024) will be effective January 1, 2025. 

Additional information and reminders regarding Annual Enrollment will be emailed during the Annual Enrollment period.

Important Dates to Remember: 

October 1, 2024 – Annual Enrollment begins 
November 15, 2024 – Annual Enrollment ends at 4 PM CST
January 1, 2025 – New plan year begins

Benefits Fair

DATE: Wednesday, October 23, 2024

TIME: 10:00 AM – 2:00 PM

LOCATION: Royal Cotillion Ballroom, LSU Student Union (second floor)

We encourage you to stop by and meet the Benefits staff, visit with representatives from various insurance and retirement vendors as well as LSU organizations and caucuses, and enter to win great door prizes!

Health Insurance

Supplemental Insurance

  • Dental Insurance

  • Vision Insurance

    • Beginning January 1, 2025, LSU has partnered with Humana to provide vision insurance. Humana utilizes the EyeMed network so you should see little to no disruption of providers with this change. There is a premium increase of 16.1% (maximum increase of $3.54/month). Note that vision premiums have remained the same since 2015. With this increase, LSU was able to secure a 4-year rate guarantee. No plan design changes. 
  • Supplemental Life Insurance
    • LSU System Term Life (UnitedHealthcare)
      • No changes to premium or plan design. Your premium may increase if you are entering a new age band. LSU was able to secure a 3-year rate guarantee. If you have been previously declined for coverage by UHC, you must re-submit EOI and be approved to elect new or additional coverage in any amount.
      • Employee
        • Maximum coverage amount is 3 times your annual salary or $350,000, whichever is less. Coverage must be in $10,000 increments.
        • If you are currently enrolled, you may increase your coverage by $10,000, up to the maximum limit, with no Evidence of Insurability (EOI)*.
        • If you are not enrolled, you may elect $10,000 with no EOI*.
        • If you wish to increase or add coverage over $10,000, you must submit EOI form. 
      • Spouse
        • Coverage available up to 50% of the Employee’s coverage amount, up to a maximum of $100,000. Coverage must be in $5,000 increments.
        • A Spouse must submit EOI and be approved to elect any new or additional coverage up to the maximum of $175,000 or 50% of the Employee’s amount of coverage.  
      • Child(ren)
        • Coverage in $5,000 increments, up to a maximum of $20,000 per child. Premium covers all children.
        • If you are enrolled, you may enroll your child(ren) in any level of coverage.
    • OGB Term Life (Prudential)
      • New Enhanced Basic option that allows for $15,000 life insurance coverage.
      • Active employees and retirees have the opportunity to reduce their Basic Supplemental coverage to Basic Enhanced coverage effective January 1, 2025, without providing Evidence of Insurability (EOI).
      • Active employees and retirees wishing to increase coverage from Basic coverage to Basic Enhanced or Basic Supplemental are required to provide EOI.
      • There will be a premium change for 2025. Your premium may also increase if you are entering a new age band.
      • If you would like to cancel your coverage, please contact HRM directly at benefits@lsu.edu.
  • Accidental Death & Dismemberment
    • No changes to premium or plan design. LSU was able to secure a 3-year rate guarantee.
    • You may enroll, make changes, or cancel this benefit at anytime.
  • Long Term Disability
    • 14% premium decrease with no plan design changes. LSU was able to secure a 3-year rate guarantee.
      • Premium is based on your salary and may change accordingly 
    • You may apply for this benefit at any time with Evidence of Insurability (EOI)
    • To cancel your current coverage, please contact HRM directly at benefits@lsu.edu. 

  • Long Term Care

    • 25% premium increase with no plan design changes. 
    • You may apply for this benefit at any time with Evidence of Insurability (EOI)
    • If you are enrolled and wish to decrease coverage options to lower your premium or to cancel your current coverage, please contact HRM directly at benefits@lsu.edu. 
  • Critical Illness 
    • Additional covered conditions have been added for both adults and children, recurrence benefits have been improved
    • $100 annual wellness credit now includes Employee, Spouse and a Child
    • New, lower premiums for all employees aged 25+
      • Note: premiums may increase if you enter a new age band

  • Accident Protection

    • No changes to premium or plan design. LSU was able to secure a 3-year rate guarantee.

  • Flexible Spending Accounts

    • The monthly $5.00 administrative fee will be waived for the 2025 Plan Year
    • Healthcare FSA maximum contribution limit for 2025 is $3,300 
    • Dependent Care FSA maximum contribution limit for 2025 is $5,000 ($2,500 if married and filing separately)
    • Per IRS, Employees who are enrolled in an HSA health plan are not able to enroll and contribute to the Flexible Spending Account (FSA) program at the same time.

  • Identity Protection

    • No changes to premium or plan design. 
    • You are encouraged to login and create your account, enroll any applicable dependents, and explore the features available in the portal.
    • You may enroll, make changes, or cancel this benefit at anytime

  • Pet Insurance

    • Help protect your furry friends while enjoying flexible coverage and the freedom to visit any U.S. licensed vet.
    • You may enroll, make changes, or cancel this benefit at anytime
    • This benefit is not payroll-deducted and must be elected directly with MetLife. Fetch a quote here.

Health Insurance Presentations

LSU First will host virtual presentations for active employees via Zoom. To register for a meeting, please click the links below.

For information on how LSU First works, please see the Plan Highlights video.

LSU First Medicare Retiree Plan will host virtual presentations for Medicare-primary retirees via WebEx. 

To register for a meeting, click the links below and use the password LSUFirst2024! to access each presentation. Alternatively, if you prefer to join without video, you can dial 763-957-6400 to listen to the presentation. 

To view a recorded version please click here.

The Office of Group Benefits has posted recordings that are linked below:

Workday

Workday sends all eligible employees an Open Enrollment Event. You are encouraged to review all benefits and make selections/changes consistent with your individual needs. Even if you do not wish to make any changes, we recommend reviewing and submitting the task in Workday. Workday will not allow for any updates/changes to be made after the Annual Enrollment period has ended on November 15th at 4pm CST.

If one of your dependents is not listed in Workday, you will need to add them as a dependent before you can add them to your insurance plans. See Manage Dependents Job Aid for instructions. Please note: Once you have submitted the dependent event in Workday, it routes to Human Resource Management (HRM) for approval. Please allow time for this approval process to occur. Once the dependent event has been approved by HRM, you will then be able to add them to your insurance plans. Please refer to the Open Enrollment Job Aid for step-by-step instructions.

If no action is taken, all benefits will roll over to the 2025 Plan Year, except for Flexible Spending Account(s) (FSA) and Health Savings Account (HSA) contributions. These contributions must be re-elected each year. If you wish to enroll or re-enroll in these accounts for the 2025 Plan Year, you must submit your monthly or annual contribution limit. FSA contributions can be made directly in the Open Enrollment Event. HSA contributions can be made via the GB-79 HSA Enrollment Form and sent to benefits@lsu.edu via FilesToGeaux.

Supplemental Retirement

Annual Enrollment is a great opportunity to evaluate your financial wellness and wealth building. Because most LSU employees do not contribute to Social Security, it is important that you are doing everything you can in order to secure your financial future.  LSU offers additional retirement saving opportunities through its Supplemental Retirement Plans.  

Supplemental Retirement Plans offer employees the opportunity to make contributions on a pre-tax basis under the 403(b) and 457(b) plans, or on an after-tax basis (Roth), or a combination of the two. 2024 IRS limits for these accounts are $23,000 (under age 50), or up to $30,500 (50 and over).

Employees can enroll in and/or make salary adjustments online 24 hours a day, 7 days a week.

These online enrollment tools not only allow for enrollment flexibility, but participants can also learn about their retirement savings plans, and view balance information.

Make Choices that Fit your Needs

Benefit needs may change as we age or as our family needs change. It’s important that employees evaluate their benefit needs each plan year and make appropriate changes in order to ensure they are properly covered and not spending unnecessary premium dollars.  

Employee Responsibilities during Annual Enrollment:

  • Review all communications regarding Annual Enrollment 
  • Educate themselves on plan offerings 
  • Ensure changes have been properly submitted by deadline 
  • Review and update beneficiary information if applicable
  • Confirm your demographic information in Workday, including address and phone number
  • Provide proper documentation, where applicable, such as dependent verification documents
  • Verify insurance coverage and premium deductions are correct in December and January

Some things to consider when evaluating your benefit elections are:

  • Monthly Premium 
  • Provider networks
  • Covered medical and prescription services 
  • Deductible, Coinsurance, and Copays 
  • Prescription coverage and costs 
  • Estimated out-of-pocket costs
  • Voluntary benefit offerings including dental, vision, life insurance, and flexible spending account(s)