Part-time Local 7902

For 2023, there have been changes to deductibles and copays on the EPO plan:

• Deductibles increased to $400 for individuals and $800 for families.
• Office visit copays increased to $30.
• Specialist copays increased to $50.

The Aetna presentation on our medical, dental, vision, and prescription plans is available online.

Health Care Plan Contributions
There are increases in employee contributions for 2023. See the 2023 Health Care and Dental Care Contributions section below for information on employee and university premiums, including the separate contribution charts for those who choose to cover a domestic partner.

Flexible Spending Account
The IRS has announced new limits calendar year 2023. The Healthcare FSA limit for 2023 will be $3,050; the Dependent Care FSA will remain at the $5,000 limit. For 2023, you will be able to roll over $610 of unused Healthcare FSA monies into 2024. 

We've created this guide to help you navigate the MyDay system and manage your Open Enrollment elections.

To access your Open Enrollment Benefit Event, log in to MyDay and click on the Inbox worklet (circle). Locate the Open Enrollment Benefit Event and carefully follow the help text on each screen. The Benefits Open Enrollment period will end on Friday, November 11.

You do not need to take any action if:

• You (and your currently enrolled dependents, if any) want to continue to be enrolled in the EPO that you have in 2022
• You (and your currently enrolled dependents, if any) want the same dental plan that you have in 2022
• You do not want to make a 2023 Health Care or Dependent Care FSA election

This year, there have been changes to deductibles and copays on the EPO plan. Please see below for the specific changes.

• Deductibles increased to $400 for individuals and $800 for families
• Office visit copays increased to $30
• Specialist copays increased to $50

Review this Summary of Benefits and Coverage for the Choice EPO Plan for more details of this plan. You can also obtain paper copies by contacting Human Resources.

Finding Participating (In-Network) Providers
Enrollees in the Aetna Open Access—Aetna Select EPO plan must obtain healthcare services from in-network providers. To find in-network providers, go to aetna.com.

Prescription Drug Coverage
The university's Prescription Drug Program is administered by Express Scripts. Present your Express Scripts member ID card when filling a prescription at the pharmacy. The following co-payment amounts apply for a one-month (30-day) prescription at the retail pharmacy:

• $15 co-payment for tier 1 medications
• $50 co-payment for tier 2 medications
• $100 co-payment for tier 3 medications 

Vision Plan Coverage
As a reminder, Aetna enrollees will automatically be enrolled in the Vision Plan at no additional cost. (You must be enrolled in the health care plan to receive vision plan benefits; there is no option to enroll separately.) The plan allows you to receive routine vision services either from participating (in-network) vision providers or from providers who do not participate in the Aetna vision network (out-of-network). To search for in-network providers, go to aetnavision.com You should also print your vision care member ID card once you're logged in; you will present the card at the time you receive routine vision services.

The Vision Care Plan covers an examination and new lenses (contact and glasses) every 12 months and new frames every 24 months. Review the Plan Summary for coverage details. Call Aetna at 877.973.3238 for additional information. Click here to locate a provider.

Dental Plan Coverage
For additional information, please go to the dental care page of The New School's benefits website.

Refer to the 2023 Health Care and Dental Care Plan Contribution Chart if you will be covering a yourself, a spouse and/or child(ren).

If you will be covering yourself, a domestic partner, and a child(ren), view the 2023 Domestic Partner and Child(ren) Imputed Income Chart to determine the taxation related to this coverage.

Contributions are withheld from your monthly paychecks over the course of the Academic Year (September through June). If you do not receive a paycheck in any month or do not receive enough pay to cover your monthly contributions, the amount of contributions withheld from another paycheck (or paychecks) will be increased so that your premium will be paid to the fullest extent feasible through deductions from your pay during the Academic Year (September through June). In addition, failure to make premium payments will result in termination of coverage (health and/or dental) effective the last day of the month for which the required contribution was made.

You can save money by utilizing the Health Care and/or Dependent Care Flexible Spending Account (FSA). This authorized benefit allows you to pay for health and/or dependent day care expenses with pre-tax dollars. By paying these expenses through your FSA you lower your taxable income, thus giving you more take-home pay and more money in your pocket.

2023 Annual Limits

• Healthcare, FSA $3,050
• Dependent Care, FSA $5,00        

Estimating your Flexible Spending Needs
Estimate the amount you will pay in out-of-pocket expenses for eligible healthcare and/or dependent care expenses from January 1 to December 31, 2023. For healthcare, this can include things such as doctor/dentist and prescription co-pays, the cost of eyeglasses or lenses not covered by insurance, and dental work such as orthodontia not covered by insurance. For dependent care expenses, estimate how much you spend in childcare for dependents age 13 and under. This can include after -school care or summer camp.

Have questions on what a flexible spending plan covers? View this helpful guide from EBPA, our flexible spending vendor for IRS-covered expenses.

If you terminate employment with The New School midyear, you will be eligible to submit FSA claims only for the dates of service incurred while you were actively employed.

Qualified Transportation Expense Plans
In 2023, the pre-tax limit was $300. If you currently participate, your 2022 elections will continue into 2023. You can enroll or make changes at any time during the year by initiating a Benefit Event in MyDay. We've created this guide for Changing Your Transit and Parking Amounts to help you navigate MyDay. Use the event date of January 1, 2023, to increase your contributions for January.

For additional information regarding these plans, visit the Qualified Transportation Expense page on our website.

Tax Deferred Annuity Retirement Plan
You can choose to contribute a percentage of your base annual salary or a flat dollar amount per paycheck. The maximum annual contribution for 2023 is not known at this time, but the 2022 limit was $20,500. Employees age 50 and older (and those who will attain age 50 by December 31) are eligible to contribute an additional $6,500 annually, as set by the IRS (referred to as the "Age 50+ Catch-Up").

Your current elections will continue in 2023, but if you'd like to increase or change your contributions, you can do so by initiating a Benefit Event in MyDay. We've created this guide for Changing Your Retirement Savings Amounts to help you navigate MyDay. Use the event date of January 1, 2023, to change your contributions for January.

What You Can Do Today
Review your account. Were you automatically enrolled in the plan at a 3 percent contribution rate upon hire? If so, your contributions are being invested in the plan’s qualified default investment alternative, a TIAA Lifecycle Fund, assuming a retirement age of 65. You owe it to yourself to review your investment allocation and contribution rate.

If you’re not already enrolled in The New School Tax Deferred Annuity plan (TDA), consider enrolling today. Saving for retirement is an important step in planning for your financial future.

Personalized advice is included with your retirement plan at no additional cost to you. Don’t let another year slip by without checking in on your retirement plan! Schedule an appointment today for an individual counseling session at TIAA.org/schedulenow or call 800.732.8353 weekdays from 8:00 a.m. to 8:00 p.m. ET.

As required by law, The New School must provide certain notices to employees on an annual basis.