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Dear Tar Heels,
With the start of a new year, please review this timely benefit news.
 


General Reminders

Health plan identification cards

By now, you should have received your 2023 State Health Plan ID cards. These new cards are the ones you will want to use going forward.

If you have not received your new State Health Plan ID cards, verify that your home address is correct in the Personal Information tile in ConnectCarolina Self Service. If needed, update your home address by selecting the edit tool in the Addresses section to make any changes. You can also contact the State Enrollment Center at 855-859-0966 to request the ID cards.

 

Payroll deductions & 2023 coverage

Any benefit election you made during Open Enrollment for the State Health Plan, NCFlex and the University benefit program went into effect Jan. 1, 2023.

Remember to review your paycheck to ensure that the programs you elected are reflected with the corresponding deductions:

  • Jan. 13 for biweekly paid employees.
  • Jan. 31 for monthly paid employees.

Deductions for health care are withheld one month in advance of the coverage effective date, so deductions began in December 2022 to pay for January 2023 coverage.

 

403(b) Universal Availability Notice for 2023

This 403(b) Universal Availability Notice is required to be shared with all eligible staff and faculty regarding your ability to participate in this 403(b) voluntary retirement savings plan. This notice details who is eligible and the contribution limits for 2023.

To enroll in this plan or change your current 403(b) deduction:

  • Log in to ConnectCarolina Self Service.
  • Click the My Benefits tile.
  • Select Benefits Enrollment on the left.
  • Select Supplemental Retirement Plans.

 

Form 1095-C

Under the Affordable Care Act (ACA), employers are required to report any qualifying medical coverage that you and your dependents were enrolled in during the previous calendar year.

You will receive a Form 1095-C that includes information about the health coverage offered to you by the University. The form will be mailed to your home address sometime in the first quarter of 2023. You will not need to attach or file your Form 1095-C with your 2022 federal income tax return.

 


Benefits Plans Information

The information below may impact your paycheck if you are enrolled in the specific benefit program.

 

UNC Voluntary Life Insurance

If you are enrolled in Voluntary Life Insurance through Securian:

  • You may see a change in your deduction beginning with your January paycheck as a result of previous NCFlex Life Insurance coverage being mapped over to and combined with the UNC Life Insurance plan. This change may be a result of a rounding-up of coverage that makes your coverage and premiums higher than expected.
  • A Special Adjustment Period will be held Feb. 1-17, 2023, if you need to reduce life insurance coverage levels, which will result in lower premiums.
  • Voluntary Life Insurance premiums are based on your age as of Jan. 1, 2023.

 

Accidental Death & Dismemberment (AD&D)

Any NCFlex Voluntary AD&D coverage you had was mapped to the UNC plan with Securian at the exact same level of coverage you previously had under the NCFlex plan. Every eligible employee receives the free core AD&D coverage automatically.

 

Critical Illness

If you are enrolled in this NCFlex plan:

  • Voya is the new vendor for 2023.
  • You may see a change in your deduction beginning with your January paycheck as some rates have decreased.
  • Adjustments to your premium are made based on your age as of Jan. 1, 2023.

Don’t forget that there is a new Wellness Benefit for 2023: If you enrolled in this benefit and complete a health screening test between Jan. 1, 2023, and Dec. 31, 2023, you will receive $50. If your spouse and/or children are covered on this plan, they can also file for a Wellness Benefit payment for a covered health screening test; the benefit is $50 for spouses and 50% of your Wellness Benefit amount for children.

See the Voya Claims Center for more information.

 

Health Care Flexible Spending Account (FSA)

If you were enrolled in the Health Care FSA for 2022:

  • Eligible health care expenses must have been incurred by Dec. 31, 2022.
  • You have until March 31, 2023, to submit 2022 claims for reimbursement.
  • You can roll over up to $550 of your unused account balance into 2023, as long as you have a minimum balance of at least $25. Any funds exceeding this amount will be forfeited.
  • The rollover will not count toward the 2023 maximum election amount (currently $2,850 for 2023).
  • This rollover feature only applies to the Health Care FSA.

If you enrolled in the Health Care FSA for 2023:

  • Eligible health care expenses must be incurred Jan. 1 – Dec. 31, 2023, to be eligible for reimbursement.
  • You have until March 31, 2024, to submit claims for reimbursement.
  • Up to $570 can roll over into the 2024 Health Care FSA.

 

Dependent Day Care Flexible Spending Account (FSA)

If you were enrolled in the Dependent Day Care FSA for 2022:

  • Eligible dependent day care expenses must be incurred by March 15, 2023, provided you remain actively employed through Dec. 31, 2022.
  • You have until March 31, 2023, to submit 2022 claims for reimbursement.
  • Any unused funds will be forfeited.

If you enrolled in the Dependent Day Care FSA for 2023:

  • Eligible dependent day care expenses must be incurred Jan. 1, 2023 – March 15, 2024, to be eligible for reimbursement.
  • You have until March 31, 2024, to submit claims for reimbursement.

 

Retirement Plan Limits for 2023

The limit on contributions to a 403(b)/401(k) plan for 2023 is $22,500. If you are over the age of 50, or will turn 50 by Dec. 31, 2023, you are eligible for an additional $7,500 catch-up contribution.

The limit on contributions to a 457 plan for 2023 is also $22,500. If you are over the age of 50, or will turn 50 by Dec. 31, 2023, you are eligible for an additional $7,500 catch-up contribution.

Employee contributions to a 403(b) and 401(k) plan are combined together when determining your maximum contribution; however, employees can maximize saving opportunities by contributing to a 457 plan. Amounts contributed to a 457 plan are not combined with your 403(b) and/or 401(k) contributions when determining your maximum contribution limit.

To update your supplemental retirement plans for the UNC 403(b) and UNC 457:

  • Log in to ConnectCarolina Self Service.
  • Click the My Benefits tile.
  • Click Benefits Enrollment in the left sidebar.
  • Click Supplemental Retirement Plans from the left menu.
  • Scroll to the bottom of the landing page and continue.

 


Questions?

Please contact your UNC-Chapel Hill Benefits Team at benefits@unc.edu.

 
Benefits information applies only to UNC-Chapel Hill benefits-eligible permanent employees (permanent full- and part-time SHRA, EHRA Non-Faculty and Faculty working a minimum of 20 hours a week). For more information about benefits eligibility,
please visit hr.unc.edu/benefits/eligibility.

 
 

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