MEMBER BENEFITS OPEN ENROLLMENT COMING NOV. 1 – 18
Now live: 2023 Member Benefits Open Enrollment
It’s time for your workers to choose their benefits! They can find the 2023 Member Benefits Open Enrollment guide, overviews of all 2023 Concordia Health Plan options and more on the Member Benefits Open Enrollment webpage.
Want a refresher on what this means for you? We’ve added a recording of our “Preparing Employers for Member Benefits Open Enrollment” webinar and a demo of the member experience on the webpage for employers. Check out these resources for more insights and tips! And remember – even if your ministry doesn’t participate in the CHP, Open Enrollment is a great time for workers to review their financial benefits and beneficiaries to make sure their families’ needs are covered so they can have peace of mind.
Active workers who are 64 or older need to be aware of special health savings account contribution limits that may apply when Medicare becomes their primary medical coverage. These HSA limits can affect how much workers can save up to six months prior to applying for Medicare. Please share these HSA and Medicare FAQs with workers who are age 64 or older and are contributing to an HSA so they can make informed decisions about saving.
Employer notifications: Member benefit changes during Open Enrollment
If you’re enrolled in the Benefits Administration System, you may have already received email notifications for member benefit changes. These emails alert you to member changes that affect payroll deductions.
These notifications will continue throughout Open Enrollment but will not include your workers’ 2023 Open Enrollment benefit changes.
To view your workers’ Open Enrollment activity, elections and changes, we recommend running one of these reports in the BAS:
Intermediate – Open Enrollment – Activity Report: This report lists whether your workers have acted on their Open Enrollment event. It doesn’t show specific elections, only if an action has been taken.
Intermediate – Open Enrollment – All Elections Report: This report details your workers’ Open Enrollment elections and indicates if there was a change or addition to the benefit options.
Intermediate – Open Enrollment – Change Report: This report lists benefit plans available to your workers and whether they made changes to their plan options during Open Enrollment. The report indicates changes to a different health plan, changing tier options, electing a new benefit the worker didn’t elect last year or declining coverage for a benefit they elected in 2022.
Payroll deductions based on Open Enrollment elections go into effect Jan. 1, 2023. If you have any questions or need assistance, please contact us at [email protected] or 888-927-7526.
Personal Spending Accounts - Maximum Annual Contribution Limits
As we move into Member Open Enrollment, remember there are maximum annual contribution limits for Health Savings Accounts (HSA), Dependent Care Flexible Savings Accounts (DCFSA) and medical Flexible Savings Accounts (FSA).
For HSAs, there is no minimum amount that must be contributed. However, the IRS does set maximum dollar amounts that can be put into an HSA. This amount is subject to change each year; for 2023 the government-imposed maximum contributions are $3,850 for individuals and $7,750 for families. Anyone over age 55 or who will be 55 before the end of the year may contribute extra money, or "catch-up" contributions. The maximum catch-up contribution is $1,000 for 2023.
For 2023, workers contributing to DCFSA can elect to contribute up to $5,000 per household ($2,500 if married and file separate returns). Workers contributing to a medical FSA in 2023 will have $3,050 maximum limit per account (not per household). Employer contributions to a worker’s medical FSA do not count towards the $3,050 limit, but other restrictions may apply under the Affordable Care Act.
Annual Compensation Reports are necessary to ensure accurate billing and proper benefits for your workers. The ACR Online Tool is available through your Employer Portal under the “Quick Links” tab. Even if you received a paper ACR via mail, we encourage you to use the ACR Online Tool.
Based on ministry feedback and to accommodate ministries that make budget decisions in January, we’ve pushed back the 2023 ACR due date. Please submit your 2023 ACR by Jan. 31, 2023.
We have another opportunity for you to catch a live webinar with our team Nov. 15 at 1 p.m. CT to learn more about ACRs and see a demo of the ACR Online Tool.
Fall is a great time to review your payroll and HR administration needs. Maybe you’re curious about outsourcing payroll for the first time or just looking for updated pricing. Concordia Plans has partnered with two payroll industry leaders to provide professional payroll services to LCMS ministries, and both are currently offering FREE payroll! Visit Paycor and Paychex for more details on their year-end payroll promotions.
Summer 2023 internship opportunities at CPS
Do you know a college student who is interested in growing his or her skills next summer while serving the LCMS?
CPS is looking for 2023 summer interns for a variety of areas, including accounting, IT, human resources, marketing, finance and business administration. Interns should be entering their junior or senior year of college in Fall 2023 and available to serve at the International Center in St. Louis May 30 through July 28. Our paid internship program helps young people develop skills through project work, creates meaningful mentor relationships for them with experienced professionals, offers training on several real-world business scenarios and more. To learn more visit ConcordiaPlans.org/careers.
Concordia Plans cares for you and your mental health – explore the many resourcesavailable to you.
Health & Wellness Solutions
Don’t wait until the new year – register now for one or all of the no-extra cost wellness solutionsprovided through the CHP.
Included Health
Included Healthprovides on-demand access to no-extra-cost, high quality care with the convenience of a personal health care assistant – for you and family members enrolled in the CHP.
