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    Home ยป Open Enrollment 2025: Boost Your Optional Life Insurance
    Life Insurance

    Open Enrollment 2025: Boost Your Optional Life Insurance

    insurancejournalnewsBy insurancejournalnewsMarch 6, 2025No Comments2 Mins Read
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    Open Enrollment 2025 is Approaching

    Open Enrollment for the 2025 benefits year will run from Monday, October 21, through 5 p.m. on Friday, November 1. This annual event is your chance to review and adjust your health, dental, vision, and legal services plans. Benefits changes, along with new rates, will take effect on January 1, 2025. Note that if you wish to keep your current benefits, no action is required, except for Flexible Spending Accounts, which require annual re-enrollment.

    Virtual benefit symbols on a blue background
    Virtual benefit symbols on a blue background

    Increase Your Life Insurance Coverage

    A key option during Open Enrollment is the opportunity to increase your optional life insurance coverage up to one times your salary. If you choose to change your coverage, the new level will become effective on January 1, 2025. You can enroll in optional life coverage ranging from $10,000 up to $1.7 million, based on your salary.

    For specific coverage options, the monthly cost examples, and access to a cost calculator, please visit the Optional Life Insurance Plan web page.

    Get Help

    If you have any questions, don’t hesitate to contact the Shared Services Center – HR Customer Care:

    • Phone: (734) 615-2000 (local) or (866) 647-7657 (toll-free)
    • Email: [email protected]

    The SSC Contact Center – HR Customer Care is available Monday through Friday from 8 a.m. to 1 p.m. and 2 – 5 p.m. ET.

    As you evaluate your Open Enrollment choices, remember:

    • Resources are available to guide you in selecting the health plan that best meets your needs.
    • You can update your address at any time through Wolverine Access by selecting Employee Self Service > Campus Personal Information > Addresses > Current Local.
    • Be sure to review and, if necessary, update your beneficiary designations for both your U-M life insurance and retirement savings plan accounts.
    • Stay informed by watching for Open Enrollment announcements in UHR News, the University Record, and your U-M email.
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    A senior Black couple huddling close to each other
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