Open enrollment is the annual period when you can elect Port-sponsored benefits coverage for you and your eligible dependents for the coming year.
Make your elections between November 6 and November 30, 2023. Coverage begins January 1, 2024.
What’s New for 2024?
- Aetna Plans
- Family Forming Benefits
- Enhanced benefits to be more equitable, diverse, and inclusive. Check out the Family Forming flyer for more info (requires access to Port network or VPN)!
- Added ART, Cryopreservation, and increased Lifetime Maximum (LTM) for Fertility Services from $10k to $15k
- Enhanced benefits to be more equitable, diverse, and inclusive. Check out the Family Forming flyer for more info (requires access to Port network or VPN)!
- Increasing the chiropractic visit limit from 12 to 15
- Family Forming Benefits
- Kaiser Plans
- Family Forming Benefits
- Enhanced benefits to be more equitable, diverse, and inclusive. [link to flyer]
- Added ART, Cryopreservation, and increased Lifetime Maximum (LTM) for Fertility Services from $10k to $15k
- Enhanced benefits to be more equitable, diverse, and inclusive. [link to flyer]
- Increasing the chiropractic visit limit from 10 to 12
- Family Forming Benefits
- Premium Changes
- 2024 Premiums are increasing
- HSA, Healthcare and Limited FSA, and Dependent Care contribution limits:
- Health Savings Account (HSA) Contributions:
- $4,150-Employee Only Coverage
- $8,300-Family Coverage
- Flexible Savings Account
- You can contribute pretax dollars from your paycheck, up to the Internal Revenue Service (IRS) limit of $3,050 in 2024.
- If you have not used all of your FSA funds by the end of the year, you may carry over a minimum of $45 and a maximum of $615 into the next year, provided you are a Port employee on January 1 of the next year.
- Dependent Care
- You can contribute pretax dollars from your paycheck, up to the IRS limit of $5,000 if you are single or married filing jointly, or $2,500 if you are married filing separately.
- Health Savings Account (HSA) Contributions:
2024 Reminders
- Total Wellbeing
- More than 70% of eligible employees earned a Total Wellbeing Incentive! Stay tuned for new and exciting changes to 2024 Total Wellbeing Program!
- Lifestyle Accounts will be implemented in 2024
- Dental
- Reminder: Since 2022, only the Enhanced Plan will cover orthodontia.
What do I have to do? (Starting Nov. 6)
| Most current, regular Port employees, including represented employees not covered by Port-sponsored healthcare plans... | Employees covered by Port-sponsored medical, dental, and/or vision plans... |
|
...who would like to elect a:
Must make an election through PeopleSoft HCM Open HCMSelect "Benefits Enrollment" If you take no action, you will not have an FSA or HSA in 2024. The IRS requires a new election for these benefits every year. |
...who would like to:
Must make an election through PeopleSoft HCM Open HCM Select "Benefits Enrollment" If you take no action, you will remain in the same plan with the same family members covered as you had this year. |
Important Notes:
- Only employees enrolled in the Port-sponsored High Deductible Health Plan may enroll in an HSA.
- Employees represented by a labor union and not eligible for Port-sponsored benefits should consult their respective collective bargaining agreements for details about their specific healthcare benefits.
- You must be connected to the Port network (e.g. through VPN if you are at home) to access HCM.
Tools to Help You Decide
Medical, Dental, Vision Full detailed plan information including premiums, coverage comparisons, and vendor contacts |
The simple way to save for health and dependent care expenses |
See how Port-sponsored healthcare plans offer better value compared to other Northwest employers |
Eligible Family Members
Eligible family members include spouses or domestic partners, children, step-children, domestic partner's children, and children for whom you are a legal guardian. Children are eligible for coverage through the month in which they turn age 26. Tax dependency, marital, and student status are not considered in determining eligibility.
