Benefits Plans - health plans: Health Care Reform
The following Health Care Reform changes are effective January 1, 2013.
- Affordable Care Act Expands List of Covered Preventive Services
Depending on your age, gender and health status, the Affordable Care Act has expanded the list of preventive services covered at no cost to you. In certain circumstances your copayment or deductible maybe be waived for certain preventive screenings, immunizations and counseling services. To find out which preventive services have been added, please go to the Healthcare.gov website at www.healthcare.gov/prevention/index.html
- Health Care Flexible Spending Account Limit Change
New legislation from the Affordable Care Act goes into effect for 2013 that will reduce the annual Health Care Flexible Spending Account contribution limit from $6,000 to $2,500. The limit for Dependent Care Flexible Spending Accounts remains $5,000 per family. Complete information on this change can be found at http://www.healthcare.gov.
Summary of Benefits and Coverage (SBC)
Your plan offers a series of health coverage options. Choosing a health coverage option is an important decision. To help you make an informed choice, your plan makes available a Summary of Benefits and Coverage (SBC), which is a federally-mandated document intended to help individuals compare health plans. An SBC details deductibles, coinsurance and out-of-pocket limits for various services in a prescribed format. A Uniform Glossary of Health Coverage and Medical Terms to accompany the SBC is also available. To view a health plan option and/or the Uniform Glossary, you may select the appropriate document from the Summary of Benefits and Coverage page on this website.
You may also call the HR/Payroll Service Center at 734-615-2000 or 866-647-7657(toll free) to request printed copies of a specific plan’s SBC and/or the Uniform Glossary at no charge.
The University of Michigan in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.