July 1, 2025 Changes
MEDICAL
Slight increase in insurance premiums.
DENTAL
No change in insurance premiums or plan design for both the Low Option and High Option plans.
VISION
No change in insurance premiums or plan design.
FLEXIBLE SPENDING ACCOUNTS
Health Care Flexible Spending Account
The annual election amount is increased to $3,300 to coincide with IRS regulations and covers out of pocket health care expenses. Contributions should be planned carefully based on predictable medical, prescription drug, dental and vision expenses, because the Internal Revenue Service (IRS) requires that any money left unclaimed in your account at the end of the plan year's "grace period" (September 15) be forfeited.
Dependent Care Flexible Spending Account
The annual election amount remains unchanged at $5,000 or up to the total salary of the lowest paid spouse (whichever is less) and covers work related dependent care expenses.
RETIREMENT
Calendar year limits for employee contributions via payroll deduction increased from $23,000 to $23,500 for calendar year 2025. Employees aged 50 and older may contribute an additional $7,500 through a catch-up provision, making the total elective deferral maximum $31,000.
PET INSURANCE
A new voluntary insurance is being offered by the college through MetLife. Individuals may customize their plan by choosing the deductible and other elements of plan coverage and signing up directly through MetLife.
Additional information may be found here.