New benefits resources for postdoctoral employees
Postdoctoral employees eligible for state benefits can find information and the 2023 Benefits Guide on the Postdoctoral Employees page. For help selecting benefits, check out ALEX for VCU, the interactive benefits counselor.
2023 retirement savings limits
Elective deferral limits for the VCU 403(b)/TDA plan and the Commonwealth of Virginia 457 Deferred Compensation Plan (DCP) increased for 2023. Read more at Retirement tax-savings limits.
Long-term care insurance premium rate increase
Genworth, the insurer and third-party administrator for the Commonwealth of Virginia Voluntary Long Term Care Insurance Program offered by the Virginia Retirement System (VRS), has announced a premium rate increase recently approved by the Virginia State Corporation Commission. The increase affects participants who enrolled in the program between 2010 and 2016 (Group Policy Form Series 7046), for whom the 10-year premium rate guarantee expired in 2020. Participants should consult their letters from Genworth for details about options. Participants with questions may consult Genworth's informational web site or contact Genworth at 855-706-9543.
Health Plan Reimbursement of COVID-19 At-Home Tests
Faculty and staff who participate in the state health benefits program are eligible for reimbursement of costs for eligible over-the-counter diagnostic COVID-19 tests purchased January 15, 2022 or later during the declared federal Coronavirus Public Health Emergency. Each individual covered on an employee's health plan can receive up to eight over-the-counter COVID-19 tests each month. If you purchase a test kit that includes two rapid tests, those will count as two of the eight covered tests. For reimbursement information, see:
- COVA Care and COVA High Deductible Health Plan flyer
- COVA HealthAware flyer
- Optima Health Vantage HMO information
- Kaiser Permanente HMO flyer
For questions, contact your health plan company directly using the contact information on your member ID card.
Signing up for benefits? Making changes? ALEX is here to help!
ALEX for VCU is the new interactive benefits counselor for faculty members and University and Academic Professionals. Have chat with ALEX about health coverage, flexible spending, retirement benefits, life insurance, and disability coverage by visiting www.myalex.com/vcu/2022-2023 from your computer, smartphone, or mobile device.
VCU benefits announcements will come only from VCU email addresses or social media accounts
VCU Human Resources is aware that some employees have received email solicitations or social media contacts that attempt to represent themselves as official communications from VCU about employee benefits. VCU announcements about employee benefits will come only from VCU email addresses or through official VCU social media channels. VCU's approved retirement plan service providers are Virginia Retirement System, TIAA, and Fidelity Investments. Communications from these approved retirement plan service providers will include their logos and references to specific programs in which VCU employees participate. Communications from other parties are not authorized by VCU.