Open Enrollment for 2027 benefits begins Monday, November 2 and closes on Friday, November 13. Open Enrollment is a period of time that allows employees to make changes to their existing benefits. During this time we encourage all eligible employees to review their current election to assess whether they are still a good fit.<\/p>\n\n\n\n
During Open Enrollment you can:<\/p>\n\n\n\n
Beginning November 2<\/strong>, you will log into Workday to make your benefit elections for 2027. <\/p>\n\n\n\n Once the items are available, we will have the following materials for you to review while you make your open enrollment decisions: Open Enrollment Presentation, Open Enrollment Presentation Slides (PPT), and the 2027 Benefit Guide (PDF).<\/p>\n\n\n\n Open enrollment will be completed in Workday. While the appearance and flow may look and feel different from what many of you have become familiar with, Workday provides the same opportunity to review your current elections and make decisions about the benefits you would like to enroll in for 2027. Beginning November 2, you will receive a To Do<\/strong> in your My Tasks <\/strong>inbox prompting you to begin the Open Enrollment process. This task will remain in your inbox until you have either submitted your elections or open enrollment closes.<\/p>\n\n\n\n We are still working on developing job aids to support employees as they enroll in benefits through Workday. Please look for these resources in a separate email communication, the Mac Daily, and on the 2027 Open Enrollment webpage as they become available.<\/p>\n\n\n\n Health Insurance premiums for 2027 are increasing by 9.50% due to continued high claims costs for our covered employees and their dependents. The cost of health care continues to rise, driven by factors such as higher costs for medical services, prescription drugs, hospital care, and new and increasingly complex treatments. Health insurance premiums are directly influenced by how much it costs to provide health care and utilization of the plan by its participants.<\/p>\n\n\n\n 2026<\/p>\n\n\n\n <\/p>\n\n\n\n 2027<\/p>\n\n\n\n 2026<\/p>\n\n\n\n <\/p>\n\n\n\n 2027<\/p>\n\n\n\n There are no changes to the HSA model for 2027. Macalester’s contribution covers 48% of the annual deductible.<\/p>\n\n\n\n The 2027 HSA limits have increased slightly per the IRS:<\/p>\n\n\n\n Dental Insurance premiums are increasing by 1.5%. Rates below are shown on a monthly basis.<\/p>\n\n\n\n 2026<\/p>\n\n\n\n 2027<\/p>\n\n\n\n There are no changes to Vision insurance premiums. Rates below are shown on a monthly basis.<\/p>\n\n\n\n 2026<\/p>\n\n\n\n 2027<\/p>\n\n\n\n The IRS has not yet released the updated limits for 2027.<\/p>\n\n\n\n For 2026, you are able to contribute up to $3,400 pre-tax dollars to use towards eligible health, dental, and vision expenses. You will be able to rollover up to $680 unused dollars from your 2026 election into calendar year 2027.<\/p>\n\n\n\n The IRS has not yet released the updated limits for 2027.<\/p>\n\n\n\n Beginning in 2026, the IRS is increasing the maximum contribution limits for Dependent Care Flexible Spending Accounts (FSAs) from $5,000 to $7,500. This change allows families to set aside more pre-tax dollars to cover eligible dependent care expenses, including daycare, preschool, after-school programs, summer day camps, and eldercare. Eligible dependents include children under age 13 and qualifying relatives over age 13 who are unable to care for themselves due to a physical or mental condition. Fun fact, this amount has not been changed in 38 years. This is a big win for parents.<\/p>\n\n\n\n The IRS has not yet released the updated limits for 2027.<\/p>\n\n\n\n The 2026 standard limit is $24,500. Those who are age 50+ are able to contribute up to $32,500. Those who are age 60-63 are able to contribute up to $35,750.<\/p>\n\n\n\n Under Secure Act 2.0, a new rule known as Provision 603, introduces a change in how catch-up contributions to retirement plans are handled. This is a federal retirement plan regulation change, and not a change implemented by Macalester College.<\/p>\n\n\n\n Employees who are age 50 or older and earn $150,000 or more in the 2025 calendar year (as reported in Box 3 on their W2) will be required to make their catch-up contributions to a Roth (after-tax) account, rather than on a traditional pre-tax basis. The earnings amount will be indexed for inflation each year by the IRS.<\/p>\n\n\n\n For the 2027 Open Enrollment period, you will be able to elect up to $250,000 worth of coverage without having to complete health questions, otherwise known as Evidence of Insurability. Elections over $250,000 up to $600,000 will require the health questions.<\/p>\n\n\n\n For the 2027 Open Enrollment period, you will be able to elect coverage for a spouse\/domestic partner or child(ren) without having to complete health questions, otherwise known as Evidence of Insurability (EOI). Spouses\/domestic partners are covered at $25,000 and child(ren) up to age 26 are covered at $10,000.<\/p>\n\n\n\n For the 2027 Open Enrollment period, you will be able to elect coverage without having to complete health questions, otherwise known as Evidence of Insurability (EOI).<\/p>\n\n\n\n The Minnesota Paid Leave program will provide paid benefits similar to what short-term disability traditionally offers for medical leaves. With this state benefit in place, many employees may find that they lo longer need to rely on short-term disability (STD) coverage to bridge the pay gap. Employees can receive STD benefits at the same time as Minnesota Paid Leave benefits; however, the amount you receive from STD will be adjusted to ensure that the combined total does not exceed the amount you would normally receive from STD alone.<\/p>\n\n\n\n <\/p>\n\n\nTimeline for Open Enrollment<\/h2>\n\n\n\n
\n
Completing Open Enrollment in Workday<\/h2>\n\n\n\n
2027 Premium & Plan Limits<\/h2>\n\n\n\n
Health Insurance Premiums<\/h3>\n\n\n\n
Full-Time Premiums shown on a monthly basis (75% FTE and above)<\/h4>\n\n\n\n
<\/th> High Deductible<\/th> PPO<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $160.77<\/td> $643.08<\/td> $242.67<\/td> $970.68<\/td><\/tr> Employee + Child(ren)<\/td> $359.31<\/td> $838.39<\/td> $547.09<\/td> $1,276.54<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $557.85<\/td> $1,301.65<\/td> $851.51<\/td> $1986.85<\/td><\/tr> Employee + Family<\/td> $705.79<\/td> $1,646,84<\/td> $1,078.65<\/td> $2,516.86<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/th> High Deductible<\/th> PPO<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $176.04<\/td> $704.18<\/td> $265.72<\/td> $1,062.90<\/td><\/tr> Employee + Child(ren)<\/td> $393.44<\/td> $918.04<\/td> $599.06<\/td> $1,397.81<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $610.86<\/td> $1,425.34<\/td> $932.40<\/td> $2,175.60<\/td><\/tr> Employee + Family<\/td> $772.84<\/td> $1,803.29<\/td> $1,181.12<\/td> $2,755.96<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Part-Time Premiums shown on a monthly basis (50% – 74% FTE)<\/h4>\n\n\n\n
<\/th> High Deductible<\/th> PPO<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $321.54<\/td> $482.31<\/td> $485.34<\/td> $728.01<\/td><\/tr> Employee + Child(ren)<\/td> $598.85<\/td> $598.85<\/td> $911.82<\/td> $911.82<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $929.75<\/td> $929.75<\/td> $1,419.18<\/td> $1,419.18<\/td><\/tr> Employee + Family<\/td> $1,176.32<\/td> $1,176.32<\/td> $1,797.76<\/td> $1,797.76<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/th> High Deductible<\/th> PPO<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $352.09<\/td> $528.13<\/td> $531.45<\/td> $797.17<\/td><\/tr> Employee + Child(ren)<\/td> $655.74<\/td> $655.74<\/td> $998.44<\/td> $998.44<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $1,018.10<\/td> $1,018.10<\/td> $1,554.00<\/td> $1,554.00<\/td><\/tr> Employee + Family<\/td> $1,288.07<\/td> $1,288.07<\/td> $1,968.54<\/td> $1,968.54<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Health Savings Account Model<\/h3>\n\n\n\n
<\/th> Full-Time<\/th> Part-Time<\/th><\/tr><\/thead> Tier Level<\/td> Mac Contribution Monthly<\/td> Mac Contribution Annualized<\/td> Mac Contribution Monthly<\/td> Mac Contribution Annualized<\/td><\/tr> Employee Only<\/td> $140.00<\/td> $1,680.00<\/td> $100.00<\/td> $1,200.00<\/td><\/tr> Employee + Child(ren)<\/td> $280.00<\/td> $3,360.00<\/td> $200.00<\/td> $2,400.00<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $280.00<\/td> $3,360.00<\/td> $200.00<\/td> $2,400.00<\/td><\/tr> Employee + Family<\/td> $280.00<\/td> $3,360.00<\/td> $200.00<\/td> $2,400.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n HSA Limits<\/h3>\n\n\n\n
Tier<\/th> Contribution Limit<\/th> Contribution Limit (if 55+)<\/strong><\/th><\/tr><\/thead> Employee Only<\/td> $4,500<\/td> $5,500<\/td><\/tr> Employee + Child(ren)<\/td> $9,000<\/td> $10,000<\/td><\/tr> Employee + Spouse\/Domestic Partner<\/td> $9,000<\/td> $10,000<\/td><\/tr> Employee + Family<\/td> $9,000<\/td> $10,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Dental Insurance Premiums<\/h2>\n\n\n\n
<\/th> Preventive<\/th> Comprehensive<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $5.08<\/td> $20.31<\/td> $24.28<\/td> $24.28<\/td><\/tr> Employee + 1<\/td> $14.56<\/td> $33.98<\/td> $59.58<\/td> $39.72<\/td><\/tr> Employee + 2+<\/td> $24.48<\/td> $57.12<\/td> $99.30<\/td> $66.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/th> Preventive<\/th> Comprehensive<\/th><\/tr><\/thead> Tier Level<\/td> Employee Cost<\/td> Mac Cost<\/td> Employee Cost<\/td> Mac Cost<\/td><\/tr> Employee Only<\/td> $5.16<\/td> $20.62<\/td> $24.66<\/td> $24.66<\/td><\/tr> Employee + 1<\/td> $14.78<\/td> $34.49<\/td> $60.48<\/td> $40.32<\/td><\/tr> Employee + 2+<\/td> $24.86<\/td> $58.00<\/td> $100.80<\/td> $67.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Vision Insurance Premiums<\/h3>\n\n\n\n
Tier Level<\/th> Employee Cost<\/th><\/tr><\/thead> Employee Only<\/td> $8.55<\/td><\/tr> Employee + 1<\/td> $12.39<\/td><\/tr> Employee + 2+<\/td> $22.22<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Tier Level<\/th> Employee Cost<\/th><\/tr><\/thead> Employee Only<\/td> $8.55<\/td><\/tr> Employee + 1<\/td> $12.39<\/td><\/tr> Employee + 2+<\/td> $22.22<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Flexible Spending Accounts Limits (FSA)<\/h3>\n\n\n\n
Dependent Care Flexible Spending Account Limit<\/h3>\n\n\n\n
Retirement Limits<\/h3>\n\n\n\n
Employee Voluntary Life and Voluntary ADD<\/h3>\n\n\n\n
Dependent Life Insurance<\/h3>\n\n\n\n
Short-Term Disability<\/h3>\n\n\n\n
Frequently Asked Questions<\/h2>\n\t \t
\n\t \t