Fall is a Busy Season for Your Benefits!

Here's what you need to know:

 

►We've been busy improving your benefits services.

 

Announcing the New HR Services and Transitions Center (HRSTC)!

We’ve combined our teams from HR Onboarding, Benefit Services and Benefits Administration into one team to better and more efficiently serve Cornell faculty and staff.  HRSTC counselors are trained to evaluate and address your needs, provide resources or solutions, and assist with your life/career changes or transitions. 

Whether you have questions or need assistance with onboarding, benefits, leaves of absence, health issues, life events, planning for retirement, or considering a job/career change, our team can help you with the benefits program, plan or resource that fits your needs.  Come see us in person at East Hill Office Building (EHOB), Suite 110, 395 Pine Tree Rd., Ithaca, NY 14850, write to us at hrservices@cornell.edu or call us at (607-255-3936; TTY 711).

 

►It's an important time to be thinking about your benefits for next year.

 

Child Care Grant for faculty and staff

  • Applications for faculty & staff for 2019 are now closed.   Award letters will be sent via postal mail during the last week of October.

Faculty and staff members eligible to participate in Cornell's Flexible Spending Dependent Care Account can apply for tax-free child care grants of up to $5,000 to help pay for 2019 eligible expenses. More about the Child Care Grant program.

Note: Students also have a child care grant program; applications will be accepted till October 31, 2018.  Information on that program can be found at studentswithfamilies.cornell.edu.          

 


Flexible Spending Accounts

  • 2018 Medical Care FSA:

    • 2018 accounts are for expenses for services received on or before Monday, 12/31/2018.
    • If you have a balance as of 12/31/18, up to $500 will be rolled into a 2019 account in the spring.
    • Remaining money in your account over $500 as of 12/31/2018 will be forfeited.
    • The claims deadline to submit claims for 2018 medical and dependent care expenses is 4/30/19.
  • 2018 Dependent Care FSA:

    • You may incur expenses from 1/1/2018 – 3/15/2019 to use up any remaining money in your 2018 account.
    • The claims deadline to submit claims for 2018 medical and dependent care expenses is 4/30/19.
  • 2019 Medical Care or Dependent Care FSA:

    • If you want a Medical Care or Dependent Care FSA in 2019, you MUST re-enroll during Open Enrollment or Option Transfer!

 


Open Enrollment & Option Transfer

  • Open Enrollment (Endowed Employees) - November 1 - 19, 2018

    • ​Endowed faculty and staff may enroll in or make changes to health and dental plans, and enroll in or cancel the legal plan.
      • If you are satisfied with your current health, dental and legal plan, you don't need to do anything.
    • If you are currently enrolled in an FSA (Flexible Spending Account) and want to be enrolled in an FSA for 2019, you must re-enroll during open enrollment.
    • All changes or enrollments are effective January 1, 2019.
  • Option Transfer (Contract College Employees) - TBD, likely late November/early December

    • ​Contract College faculty and staff may change health plan, change from family health coverage to individual health coverage, or voluntarily cancel your health coverage.
      • If you are satisfied with your current health plans, you don't need to do anything.
    • If you are currently enrolled in an FSA (Flexible Spending Account) and want to be enrolled in an FSA for 2019, you must re-enroll during the option transfer period.
    • The FSA is effective January 1, 2019.  The effective date for other changes will be determined by New York State and announced with the Option Transfer communications.

 


Benefair

  • Cornell is proud to offer a wealth of benefits to our staff and faculty -- our annual Benefair event is a great place to connect with benefits representatives and learn about all that is available to you! 
  • Tuesday, November 6, 9am - 3pm, Biotech Building

 


Other upcoming announcements

Watch for future updates on:

  • Retirement plan limits (salary and contribution limits) for 2019,
  • New York Paid Family Leave contribution changes for 2019, and
  • Other news that may impact your benefits before the end of the year.