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Benefit Changes for 2022-2023
In FY2023, you can expect several changes to benefits, including, but not limited to:
- Increased coverage for Basic Life and Accidental Death & Dismemberment insurances
- Evidence of Insurability waiver for additional Voluntary Life coverage
- Increase to Annual Maximum Limit for Health Care Reimbursement Accounts
- Added fertility benefits
UT Select Premium Changes
In FY2023, we will see an increase to UT Select premiums. The COVID-19 pandemic directly and indirectly affected virtually all aspects of daily life and created unprecedented challenges in health care and many other industries. Our medical plans also faced significant challenges during the pandemic as utilization patterns fluctuated and overall costs rose sharply. Because of these factors, the UT Select medical plans need adjustments to premium rates and member cost sharing (the amount a member pays when seeking medical services).
If you are a full-time benefits-eligible employee, you will see no increase to your monthly premium thanks to premium sharing from the state and UTSA.
If you are a part-time benefits-eligible employee, or your plan includes coverage for a spouse, children or family members, increases are shown below.
This is only the second rate increase in six years, having had no change to premium rates for the 2018, 2019, 2021 and 2022 plan years. University leadership teams worked closely with UT System to advocate for employees and minimize the increase for the 2022-2023 plan year.
An additional rate increase may be needed for the 2023-2024 plan year. UT System will continue to closely monitor plans and premium rates over the coming year.
Reminders
- Active employees must make elections in FLEX every year to continue the coverage for the new plan year
- Review and update your beneficiary information online
For full details about changes, view the Office of Employee Benefit's Annual Enrollment & Resource Guide.