OE Dates
What is the last day and time to complete you Open Enrollment?
11:59pm on June 9, 2024
Is a Flexible Spending Account a use it or lose it plan?
Yes, however there is a carry-over limit. Please see FSA for 300 to learn more.
Upper Bay offers the following medical plans...
CareFirst Blue Choice HRA Option A
CareFirst Blue Choice Advantage Option B
CareFirst Blue Choice HSA Option C
What is a Health Savings Account?
An HSA is a savings account that allows you to pay for certain health care costs.
What are the Open Enrollment Dates?
May 27th to June 9
What is the 2024 annual maximum that you can elect for the Medical Flexible Spending Account?
You can elect up to $3,200 in the FY25 plan year.
Will the premiums or Dental and Vision change for FY25?
No. These premiums will remain the same.
What is the 2024 annual maximum that you can contribute towards a Health Savings Account?
$4,150 for individuals with self-only coverage and $8,300 for family coverage.
Can you make changes to your benefit elections after you submit your elections?
Yes, you can make changes to your elections as many times as necessary through 11:59 on June 9.
What is the maximum carry-over balance for the Health FSA?
You can carry over up to $640 of unused funds from the FY24 plan year.
What are the in-network deductibles for the Medical Plans offered?
HRA Option A - $2,500 Individual/$5,000 Family
HRA Option B - $3,200 Individual/$6,400 Family
HSA Option C - $5,000 Individual /$10,000 Family
Can I participate in a Health Savings Account if I enroll in the Medical HRA Option A or HRA Option B plan?
No. You can only sign up for a Health Savings Account if you participate in the HSA Option C, High Deductible Health Plan (HDHP).
What date does the new plan year begin?
July 1, 2024
How much can I elect towards the Dependent Care Flexible Spending Account?
$5,000
Does Upper Bay contribute towards the medical plan deductibles?
Upper Bay Contributes to the HRA Plans:
HRA Option A - $1,250 Individual/$2,500 Family
HRA Option B - $1,250 Individual/$2,500 Family
Is the HSA a use it or lose it plan?
No. Any contributions you make towards an HSA account are never forfeited. There is no deadline to use these funds by.
Who can I contact with Questions?
Human Resources
Is there a resource folder that houses all of the pertinent open enrollment information?
You can access Open Enrollment information and email communications via: H Drive - HR Open Enrollment\Healthcare Open Enrollment FY 2024-2025
What happens to my HSA if I change jobs?
You own your HSA account, so you take the funds with you.