How does an HSA work? · Funds can be used tax-free for eligible medical, prescription, dental and vision expenses. · You will receive a debit card that can be used for your eligible expenses once the money is in the account. · Your unused funds rollover from year to year. · If you lose eligibility to contribute to your HSA or leave the University, your HSA funds are still yours to use and remain in your account. You can change your HSA contribution at any time via the online benefit enrollment platform. If you are opening an HSA for the first time and you currently have an FSA, you must completely spend down your FSA by December 31, 2025, to open and/ or contribute to your HSA as of January 1, 2026. If you have FSA funds available for use on or after January 1, 2026, you will have to wait until you have spent your remaining 2025 FSA funds to open your HSA and receive the University seed. If you wish to open an HSA before spending your 2025 FSA, then your 2026 FSA will be converted to a limited purpose FSA that can only be used for dental and vision expenses. If this applies to you, please contact Employee Benefits before January 1. Flexible Spending Account An FSA allows you to put money aside on a pre-tax basis for out-of-pocket health expenses (doctor’s visits, prescriptions, dental services, eye exams, etc.) for you and your IRS tax dependents. If you are enrolled in the HSA Qualified Health Plan, then you will want to open an HSA and/or a Limited Purpose FSA that can only be used for dental and vision expenses. You can participate in a Dependent Care (Daycare) FSA no matter which health plan option you enroll in. The maximum allowable FSA contributions for 2026 are as follows: · General/Limited Purpose FSA = $3,400 · Dependent Care (Daycare) FSA = $7,500 per household How does an FSA work? · Your full General/Limited Purpose FSA election amount is loaded onto a debit card and is available for your use on January 1, 2026. Even if you spend your full election on day one of the plan, the deductions are still spread out over the full year. · You have from January 1, 2026, until March 15, 2027, to incur expenses for your 2026 FSA election. Funds not spent during this time period will NOT rollover. This is why an FSA is known as a “use it or lose it” plan. · You can also submit claims for reimbursement via mail, fax and online if you are unable to use your debit card at the time of purchase. · If you terminate or retire from the University you can only be reimbursed from your FSA for expenses incurred prior to midnight of your termination date. You have 90 days after your termination date to submit claims for reimbursement · Your Dependent Care (Daycare) FSA election amount is only available when you have a balance available in your account and on a reimbursement basis only. Reminder – this type of FSA is ONLY for dependent daycare expenses. Voluntary Benefits (100% Employee Paid) Voluntary/Supplemental Life Insurance Supplemental life insurance provides extra life insurance protection for you, your spouse, and your dependent children up to age 26. If you are electing coverage for the first time or electing to increase your current coverage by more than $10K (not to exceed 5 times your salary), This would generally require you to complete Evidence of Insurability, however, Voya has offered to waive the EOI requirement up to the guaranteed issue amounts of $200,000 on the employee and $50,000 on the spouse for this one- time open enrollment event. Voluntary Short-Term Disability (STD) Insurance for Faculty, Professional and Staff Employees The University currently subsidizes STD benefits for Service employees only, which allows employees to bridge the gap between STD and Long-Term Disability (LTD) benefits. During Benefits Open Enrollment, Voya will offer Voluntary STD benefits to our faculty, professional and staff employees. Eligible employees can elect to enroll in the voluntary STD program which is now designed to be more aligned with the Long-Term Disability (LTD) plan. There is one plan that will pay up to 60% of your weekly salary with a maximum benefit amount of $1,500 per week after a 7-day waiting period. This