Annual Benefits Open Enrollment

Annual Open enrollment begins on Monday, October 23, 2023, and ends on Friday, November 10, 2023. The benefit elections you make during Open Enrollment are effective January 1, 2024.

All benefit eligible employees, who wish to make a change in their current benefits elections or enroll in a Flexible Spending Account, must complete their open enrollment benefits elections online via Banner Self-Service.

Open Enrollment elections are in effect for the entire calendar year unless you experience an IRS "qualifying event" (i.e. change in marital status, birth/adoption of a child) and your change must be completed with the Department of Human Resources within 30 days of the event. Refer to the 2024 Open Enrollment Notices document for additional information.  You can also review and print the link for Medicare Creditable Coverage by clicking here.

2024 Plan Year Benefits Rates and Options

Click here for New 2024 Benefits Rates

During Open Enrollment, you can:

• Make changes to, or enroll in, Medical and Dental benefits.
• Enroll or re-enroll in the health care and/or dependent care Flexible Spending Accounts (FSA).
• Enroll in Voluntary benefits – see below for information regarding new voluntary benefits being offered for 2024. 

Changes to FSA and Commuter Benefits

• Flexible Spending Accounts Benefits
  • Effective 2024 the Flexible Spending Accounts will be administered by WEX.
    • The health care spending account limit, per IRS, is $3,050. You will be allowed to carry over up to $610 of your unused 2023 health care FSA funds into Plan Year 2024. To carry over unused funds, you must re-enroll for 2024 or your eligible carryover funds will be forfeited. If your spouse is also eligible for a health care spending account as an employee of Seton Hall or another employer with FSA benefits, then you can each elect up to the $3,050 limit but cannot submit a claim for reimbursement for the same expenses.
    • The Dependent Care FSA limit is $5,000 per household, per IRS. You cannot carryover unused 2023 dependent care funds into Plan Year 2024.
• New for 2024 Commuter Parking and Transit Benefits
  • Use Pre-tax dollars to pay for commuter parking and transit expenses.
    • The 2024 commuter benefit limit per month is $300 for transit and $300 for parking.
    • Commuter transit benefits can be used for transportation to and from work via public transportation.
    • Commuter parking can be used for qualified expenses of public parking garages or parking meters near your place of employment.
• To review all voluntary benefits offered through the university, please click here.

Benefits Fairs

This year we will be hosting in-person as well as a virtual Open Enrollment Benefits Fairs for you to attend. The virtual benefits fair will be available during the duration of Open Enrollment.

There will be three in-person fairs where you can speak to our various vendors as well as members of the SHU Benefits Team. Please mark your calendars for: 

• October 24, 11 a.m. - 2 p.m. – Newark Campus, Faculty Library
• November 2, 11 a.m. - 2 p.m. – South Orange Campus, Bethany Hall Room BC
• November 8, 11 a.m. - 2 p.m. – IHS/Nutley Campus, Winter Garden

More information on the virtual Open Enrollment Benefits Fair coming soon.

While visiting the in-person sessions, don't forget to enter to win a prize provided by our benefit vendors. Prizes will be selected randomly from those who enter, and the winners will be notified after Open Enrollment concludes. 

You can also sign up for a complementary 10-minute massage chair session with a Licensed Massage Therapist. Visit the University Calendar to register for your massage for the date we will be at your campus.

For additional information, visit the Open Enrollment website.  

If you should have any questions, please contact us at [email protected]