Currently we test and support the following browsers:
Please note that this is not intended to be an exhaustive list of browsers that support web standards, nor a test of browser compliance, nor a side-by-side comparison of various manufacturers’ browsers.
|Flexible Spending Accounts||Additional Life Insurance (for employees)|
|Retirement Plan||Update for 2014: Dependent Life Insurance (for spouse & dependents|
|Hyatt Group Legal Plan|
Flexible Spending Accounts* are administered by CoreSource. (CoreSource’s flexible benefits department is called CoreFlex.) The Dependent Care maximum annual contribution for St. Jude employees will remain $5,000 for the 2014 plan year. The Health Care maximum will remain $2,500 for the 2014 plan year. Eligible expenses remain unchanged in 2014.
New participants will receive an FSA debit card—called the Benny Card—for 2014. (Those who are enrolling again can use their current card.)
Action: Download a Flexible Spending Account form and submit to HR-Benefits, MS 507, by Dec. 3, 2013. Remember that participation in an FSA requires annual re-enrollment even if you participated in the past.
*FSAs help pay for certain medical and dependent care expenses that are not covered by the medical, dental or vision plans. Examples of these types of expenses are co-pays, coinsurance and regular day care expenses for dependent children. FSAs provide tax advantages by letting you set aside pre-tax dollars to pay eligible expenses, so you do not pay Social Security taxes, federal or state income taxes on the money you contribute or are reimbursed.
The IRS has set the annual limit employees can save toward retirement at $17,500 in 2014. The catch-up contribution limit for those aged 50 and over remains at $5,500.
Also, don’t forget about these options to help you save more for your future:
Roth contribution option: You may be familiar with how pretax contributions work through your current retirement plan—your contributions are made on a pretax basis. This means the money comes out of your paycheck before your income is taxed, which lowers your taxable income. With the Roth option, your contribution is taken out of your paycheck after your income is taxed, which does not lower your current taxes. Instead, your contributions, and the earnings on them, are tax-free upon withdrawal in retirement (provided you have been contributing for five years).
Action: TIAA-CREF representatives are on campus each month. Set up a meeting to discuss whether the Roth option is right for you—1-800-732-8353.
AutoSave option: You can instruct St. Jude to automatically increase your voluntary contributions to your retirement account by 1% annually. Employees who sign up will be started at a 3% savings, and contributions will automatically increase each year afterwards by 1% up to a maximum automatic increase of 6%.
Employees can choose to opt out or cancel at any time.
Action: Download the Salary Reduction Agreement and submit it to HR-Benefits, Mailstop 507.
Aflac is a supplemental health and life insurance company that pays cash benefits when a policyholder has a covered accident or sickness.
Action: Employees must meet with an Aflac representative and complete the Aflac paperwork by the Open Enrollment deadline. Representatives will be available November 20-21 in the Danny Thomas Research Center Atrium. Enrollment will continue from year to year unless you request it be canceled during Open Enrollment.
The Hyatt Group Legal Plan is administered by MetLife’s MetLaw division and provides telephone and office consultations for many personal legal issues.
Action: To enroll, you must complete an enrollment form and return it to Human Resources-Benefits by December 3, 2013. Once enrolled, $8.25 will be deducted from 24 paychecks during the year. You must remain in the plan for the entire calendar year. Enrollment will continue from year to year unless you request it be canceled during Open Enrollment.
During Open Enrollment only, eligible employees can purchase an additional level of coverage for themselves without submitting the usual medical questionnaire/exam—called evidence of insurability (EOI).
|Current Enrollment Level||Eligible to enroll w/o EOI|
|NOTE: Purchasing multiple increments, including 3.5 times your current salary—still requires EOI.|
Additional life insurance costs $1.40 per month for every $10,000 of coverage.
New for 2014: Children up to age 26 are eligible for additional dependent life insurance paid by the employee.
Action: Add or drop a dependent; purchase additional life insurance. Visit the Forms page for the appropriate form.