Benefits Update - January 2021

Friday, January 15, 2021

Benefits Update - January 2021

As the new year begins, please review the following timely benefits information below.

Verify your insurance plans and deductions from Open Enrollment 

As a reminder, health insurance premiums are deducted a month in advance and NCFlex premiums are deducted in the month of coverage. Reference the premium schedule below for your 2020 Open Enrollment elections for the 2021 plan year.

  • Health insurance deductions began with your Dec. 15, 2020, paycheck.

  • NCFlex deductions began with your Jan. 15, 2021, paycheck.

Verify the benefit plans and deductions on your paycheck with the eBenefits confirmation statement you received after making your elections. Report any State Health Plan and/or NC Flex discrepancies to the Benefits Office at benefits@uncc.edu or 704-687-8134 by Jan. 22, 2021, to provide adequate time to process any exception requests. (Editor's note: this deadline has already passed.)

Health Care Flexible Spending Account (FSA)

  • If you were enrolled in the Health Care FSA for 2020, eligible health care expenses must have been incurred by Dec 31, 2020. You have until April 30, 2021, to submit 2020 claims for reimbursement. You were able to roll over up to $550 of your unused account balance into 2021, as long as you had a minimum balance of at least $25. Any funds exceeding this amount were forfeited. The rollover does not count toward the 2021 maximum election amount (currently $2,750 for 2021). This rollover feature only applies to the Health Care FSA.

  • If you enrolled in the Health Care FSA for 2021, eligible health care expenses must be incurred Jan. 1 through Dec. 31, 2021, to be eligible for reimbursement. You have until March 31, 2022, to submit claims for reimbursement. You can roll over up to $550 of unused account balances into the next plan year, as long as you have a minimum balance of at least $25. Any funds exceeding this amount will be forfeited. The rollover will not count toward the following year’s maximum election amount (currently $2,750 for 2021). This rollover feature only applies to the Health Care FSA.

Dependent Day Care Flexible Spending Account (FSA)

  • If you are enrolled in the Dependent Day Care FSA for 2020, eligible dependent day care expenses must be incurred by March 15, 2021, provided you remained actively employed through Dec 31, 2020. You have until April 30, 2021, to submit 2020 claims for reimbursement. Any unused funds will be forfeited.

  • If you enrolled in the Dependent Day Care FSA for 2021, eligible dependent day care expenses must be incurred January 1, 2021, through March 15, 2022, to be eligible for reimbursement. You have until March 31, 2022, to submit claims for reimbursement. Any unused funds will be forfeited.

Group Term Life Insurance (VOYA) 

  • If you are enrolled in this NCFlex plan through Voya Financial, you may have seen a change in your deduction beginning with your January paycheck. Adjustments to your premium are made based on your age and salary as of Jan. 1, 2021.

Critical Illness (Allstate) 

  • If you are enrolled in this NCFlex plan through Allstate Benefits, you may see a change in your deduction beginning with your January paycheck. Adjustments to your premium are made based on your age and salary as of Jan. 1, 2021. 

Form 1095-C

  • Under the Affordable Care Act (ACA), you are required to indicate if you have qualifying medical coverage when you complete your tax return. 

  • You will receive a Form 1095-C which includes information about the health coverage offered to you by the University. The form will be mailed to your home address at the end of January. 

  • You will not need to attach or file your Form 1095-C with your 2020 Federal income tax return; however, you may need to use its information when you complete your tax return.

  • Notice to Non-Full-Time Individuals Enrolled In Our Medical Plan: For the 2020 reporting year, the distribution requirements have changed, and we are no longer required to mail the form to any individual who is not a full-time employee for any month of the calendar year. However, if you were enrolled in our self-insured medical plan during the 2020 calendar year, you may request that a form be sent to you by contacting one of the following: 

    • Email: Benefits@uncc.edu

    • Mail: Human Resources Department - Benefits, 9201 University City Boulevard, Charlotte, NC 28223-0001

    • For questions, call: 704-687-8134

COVID-19 HR Information

  • As a result of the ongoing COVID-19 pandemic, there have been updates to work and leave provisions, health benefits and other HR items. Many of these updated provisions were only extended until March 31, 2021. Please consult this COVID-19 HR Information webpage for the most up-to-date information. 

Questions?