September 2011
Be a Wise Healthcare Consumer
Prescription coupons that make you pay MORE
In a tough economy, coupons for certain prescription drugs seem like a good way to save money. What you may not know is that these coupons often drive up costs for health plans, turning savings today into potentially much higher costs for all of us tomorrow. Learn more.
Annual Enrollment: Follow-up
Medical Benefits Special Enrollment Opportunity Ends September 30, 2011
As previously communicated in the June, July and August newsletters, a provision of The Affordable Care Act (ACA) allows young adult dependent children to remain eligible for medical coverage up to the age of 26 regardless of marital status. This provision also creates a special enrollment opportunity for dependent children whose coverage ended, or who were not eligible for coverage because they turned 25, got married, or enlisted in the military. These individuals were eligible to be added to UT SELECT Medical during Annual Enrollment (July 15, 2011-July 31, 2011). If you have a young adult child in this situation and have not already added them to your medical benefits, you may still do so through September 30, 2011 by contacting your HR/Benefits Office. UT SELECT Medical Coverage for these special enrollees will be retroactively effective September 1, 2011.
Note: This special provision applies only to the UT SELECT Medical plan. It does not apply to any other UT Benefit plans.
Important! If you wish to add dependents to the plan, supporting documentation of the parent/child relationship is required.
Confirm Your Annual Enrollment Elections
Per OEB Administrative Policy 310.6, the only allowable change to Program Coverage during a plan year, other than a qualified change in status, is to correct an administrative error made during the initial period of eligibility or during the annual enrollment period that resulted in an unintended election. Learn more.
Retirement Corner
Surviving Market Volatility
In the current market conditions, it can be easy for some investors to be discouraged. However, there may be better ways to deal with this volatility than by pulling your money out of the market. Despite its volatility, the world economy has grown every year since Black Monday in October 1987, with an average annual gain of 3.7%. Read more about what can you do now.
UTRetirement Program Investment Fund Options
Frequently Asked Questions about the UTRetirement Program Investment Fund Options. Learn more.
Wellness Wise
Interactive Tool: Which Health Screenings Do You Need?
This interactive tool asks you questions about your health and your health history. Then it creates a list of screening tests you may need. This tool is for adults age 21 and older who are not pregnant. If you are not in this group, talk to your doctor about the screening tests that are best for you. Learn more about this interactive screening!
UT SELECT Medical now provides 100% coverage for Preventive Screenings
Free Preventive Care and Services – The UT SELECT Medical has always offered robust preventive care benefits including 100% preventive colonoscopy and no cost immunizations for children under 6 years of age. Now, with the implementation of health care reform, beginning September 1, 2011, certain additional preventive care and services will be available to you with no copayment or coinsurance as long as you see a network provider and meet certain screening eligibility requirements. Learn more and make your preventive care screening appointment today.
Healthy Recipe of the Month
Back-to-School Recipes
Super Healthy Foods We Guarantee Your Kid will Eat. For many parents, buying and preparing healthy foods is pretty easy. It’s getting your child to actually eat those nutritious foods that’s the hard part! This makes mealtimes frustrating and leaves parents often wondering if their child is getting enough nutrients. If this is the case in your home, then read on because we’ve got eight super healthy foods that we guarantee even your pickiest child will eat. Learn more!
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