Salary reduction agreements, 26 year old children and health coverage
Notice to employees with covered children
Employees carrying health coverage for children who turned age 26 during 2017 were mailed information confirming that these children will be removed from coverage after December 31, 2017. The notice includes information about Extended Coverage (COBRA) for children who are removed and the opportunity to use the removal as a qualifying mid-year event to make allowable changes to health coverage and flexible spending. Unless the employee wishes to make health plan or flexible spending changes concurrent with the removal of a child, no action is required on the part of the employee. Premium adjustments, if any, due to a child’s removal are automatically processed by payroll and become effective with the January 16, 2018 paycheck.
Salary Reduction Agreement notices
Approximately 735 employees will receive letters at their home addresses requesting an updated Salary Reduction Agreements for the TDA .The letter explains that new agreements are needed to continue contributions after the November 1, 2017 pay date. Questions? Contact VCU Human Resources at benefits@vcu.edu.