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Human Resources

Annual Benefits Open Enrollment Period

**The information below is subject to change prior to the open enrollment period beginning.**

Return to Main Annual Benefits Open Enrollment Page > > 

 

Benefit What's Changing for 2027 Action Required Special Notes
Basic Term Life Insurance and Accidental Death & Dismemberment (AD&D)

No changes

No action required, but review and/or update beneficiaries.

For more information about life insurance, please visit Securian's website. 

Visit this site for more information about the State's life insurance options.
Health Insurance All premiums increasing for all plans, and some co-pays, deductibles & co-insurance increasing for CDHP.
  • All employees are encouraged to review their selections in Edison.
  • If not making changes, no further action is required.
  • If making changes, complete them in Edison.

The following helpful videos may assist you in deciding which health insurance plan may be right for you:
Dental Insurance

No changes
  • All employees are encouraged to review their selections in Edison.
  • If not making changes, no further action is required.
  • If making changes, complete them in Edison.
  • If selecting the Cigna Prepaid as a new plan, you must notify Cigna of your choice of accepted providers. Do so via the Prepaid Plan Primary Care Dentist Selection Form.

This helpful video may assist you in deciding whether to take this coverage.
Vision Insurance

No changes
  • All employees are encouraged to review their selections in Edison.
  • If adding or making changes between basic and expanded plans, complete them in Edison.

This helpful video may assist you in deciding whether to take this coverage.

EyeMed Handbook (available here in Vision section)
Voluntary Term Life Insurance

No changes
  • All employees are encouraged to review their selections in Edison.
  • If not making changes, no further action is required.
  • If making changes, complete them in Securian.

All new enrollments and increases in coverage will be subject to approval with a health questionnaire. Forms may submitted to the HR Service Center.

Contact information:
Securian Financial (Minnesota Life)
Phone: 1.866.881.0631, Monday - Friday, 7-6 CT
E-mail: lifebenefits@securian.com 
Website: securian.com/tn-insurance

FIRST-TIME ENROLLMENTS
• Enroll through the Securian website.
• Your User ID is the letters TN plus your Edison ID number*. For example, if your Edison ID was 12345678, your ID would be TN12345678.

Your initial password is your 8-digit date of birth (MMDDYYYY) plus the last four digits of your Social Security Number.

(*Your Edison ID number can be found on your Caremark card or can be obtained from Human Resources by calling 678.3573 or e-mailing hrservicecenter@memphis.edu).
Voluntary Accidental Death and Dismemberment

No changes
  • All employees are encouraged to review their selections in Edison.
  • If not making changes, no further action is required.
  • If making changes, complete them in Edison.

Employees may still select a coverage level based on salary to a choice of these five amounts: $50,000, $60,000, $100,000, $250,000 or $500,000.

Guaranteed coverage; no health evaluation needed.
Short-Term Disability

The only option available now is the 14-day option.
  • All employees are encouraged to review their selections in Edison.
  • If not making changes, no further action is required.
  • If making changes, complete them in Edison.

Employees who were in the 30-day option will be automatically moved to the 14-day option unless you cancel altogether.
Long-Term Disability

Employees may only enroll in the free option paid by the State.

No action required
  • Employees who use this benefit will receive 63% of their monthly salary*, up to $10K per month, following a 90-day waiting period. (*The maximum covered monthly salary is $15,873.02.)
  • Coverage cannot be waived because it is 100% employer paid.
  • Employees who were in LTD coverage options 1, 2 and 4 will be automatically moved to the free option (formerly known as option 3). 

Flexible Benefits

  • Medical FSA
  • Dependent Care FSA
  • Limited FSA
  • Medical FSA:
    For medical, dental and vision expenses
    Annual limit – $3,400
    You can carry over a maximum of $660 at the end of 2026.
  • Dependent Care FSA:
    Annual limit - $7,500
  • Limited-purpose FSA:
    For dental and/or vision expenses only and members enrolled in a Consumer-Driven Health Plan.
    Annual limit - $3,400
    You can carry over a maximum of $660 at the end of 2026.
  • These elections are for a calendar year. You must make these elections every year via this link.
  • Enroll online here. Paper enrollment is not available.
  • If you are setting up a new account, when prompted for the employer ID, the ID is 141056.

Our vendor for FSA/HSA will remain TASC.

PDF Informational Flyer 

 

Health Savings Accounts (HSA)

**ONLY FOR USE WITH CDHP HEALTH PLANS**

HSA IRS maximum contributions for 2027 are increasing. There are limits on how much money you can put in your HSA each year:

  • $4,500 for employee-only coverage in 2027
  • $9,000 for all other family tiers in 2027
  • Members 55+ can add $1,000 more each year

These limits include the $500 or $1,000 you receive from your employer and any wellness incentive funds you may earn and add to your account.

CHDP Plan members should complete a 2027 HSA Authorization Payroll Deduction Form within TASC's website if you would like to contribute monies to your HSA.

For new enrollees, TASC will mail your instructions about how to set up your HSA account in early December.

Sick Leave Bank

No changes

Complete sick leave bank enrollment form if you would like to join.

Can enroll any time of year; not subject to annual enrollment period.