2008 Annual Enrollment Overview

Benefits enrollment for 2008 is right around the corner. This communication contains important information about the process to help you prepare for 2008 Annual Enrollment. Paper enrollment forms and Group Medical PPO Plan information will be mailed to you the week of October 15, 2007 if you are currently enrolled in the Plan.

If you are not currently enrolled in the State Farm Group Medical PPO Plan, you will need to contact the Associate Services Center (ASC) at 1-877-272-1999 to request a late enrollee form.

Details
Compressed enrollment period:
2008 Annual Enrollment will run from Oct. 15 – Nov. 30, 2007.  Paper enrollment forms are due Nov. 12, and Nov. 30 will be the FINAL cut-off date for any changes. 

Non-required enrollment:
Benefit elections from 2007 will be carried over into 2008 for retirees who do not make any changes.  If you make changes to your medical coverage, you will receive a confirmation statement reflecting those changes.

"Do the math" – it could save you money
Although 2008 enrollment is non-required, you will still want to review the Annual Enrollment information and consider whether you need to make any changes given your needs.  For example, plan rates are likely to change on an annual basis, and you may want to consider the monthly contribution savings that can be realized from moving to an option with a higher deductible.  Larger deductibles can be intimidating; however, if you saved the monthly contribution savings from choosing a higher deductible, you might find you would be financially better served with a higher deductible.

This is also a good time to consider the advantage of using the $500 preventive services benefit available to Group Medical participants.  This valuable benefit is not subject to the annual deductible, and can be used to cover eligible preventive services. Examples of preventive diagnostic tests and services include but are not limited to screening mammography, serum cholesterol test, resting electrocardiogram (EKG), tetanus and influenza immunizations, cervical smear or Pap smear test, fecal occult blood test, prostate specific antigen test (PSA), and bone mineral density screening.

For More Information
Information about rates and Plan changes will be communicated in October when you receive your enrollment form.  In the meantime, if you have questions about your benefits, please contact the Associate Services Center (ASC) at 1-877-272-1999.