2024 Annual Enrollment
Annual Enrollment is from October 16th to October 30th, 2023. Find out what’s changing for the upcoming year, and what’s staying the same for benefits that take effect January 1st, 2024.
What’s Changing in 2024
- HSA/FSA administration is moving from MyChoice UMB Bank to Fidelity. You’ll have the opportunity to opt-in to a bulk account transfer during annual enrollment.
- Employer HSA funding will be matched 100% up to the following maximum:
|Consumer Choice 250||Consumer Choice 500|
|Employee and Family||$1,000||$2,000|
- Telehealth services will be transitioning from Doctors on Demand to Amwell.
What’s staying the same in 2024?
There will be NO CHANGE to Medical or Dental rates for 2024, despite the industry trend increasing healthcare rates by approximately 8%. Please note that if your salary band changes, you will experience a change in rates.
Medical and Dental plan designs and the following vendors are also remaining the same:
- Medical — Highmark BlueShield of Northeastern NY
- Prescription — EmpiRx Health
- Dental — Delta Dental
- Vision — Aetna EyeMed
- Life & Disability — Lincoln Financial Group
- Voluntary Coverages — MetLife
- EAP — ComPsych GuidanceResources
How to make changes?
If you want to switch plans or add/drop a dependent from your policy, log in to www.mpm-benefits.com. You will be prompted to upload verifying documentation for new dependents added to coverage.
This document contains summary information regarding the MPM Welfare Benefits Plan. Full details regarding coverage, eligibility and limitations can be found in the official Plan documents. For a complete listing of details, exclusions, and limitations, please review the MPM Welfare Benefits Plan Document and Summary Plan Description. If there are any discrepancies between the information in this publication, verbal representations, and the other documents, the MPM Welfare Benefits Plan Document and Summary Plan Description will govern. The company reserves the right to change or terminate the Plan at any time, subject to Collective Bargaining Agreements. This publication is in no way intended to imply a contract of employment.
This communication is intended to be a Summary of Material Modifications (SMM) to the MPM Welfare Benefits Plan. It includes the changes being made to the Plan effective January 1, 2024. Full details regarding coverage, eligibility and limitations can be found in the official Plan documents, located in the Reference Center of mpm-benefits.com.
You also have other important rights and protections under the Income Security Act of 1974 (ERISA). These are explained in more detail in the MPM Welfare Benefits Plan Document and Summary Plan Description, found within the Reference Center on www.mpm-benefits.com.