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Announcements

April retirement planning workshops

VCU Human Resources presents two special retirement workshops in April. Workshops are open to all VCU faculty and staff at no cost. Registration is required and space is limited. Register at training.vcu.edu. Print the flyer. 

  • Estate Planning: Avoid the “Unlucky 13”
    April 23, 2018, 10 a.m. to Noon
    HR Training Building, Room 115, 922 West Grace Street (Monroe Park Campus)
  • Medicare and State Retiree Health Coverage
    April 24, 2018, 2 p.m. to 4 p.m.
    Molecular Medicine Research Building, Room 1013, 1220 East Broad Street (MCV Campus)

VCU retirement plans administered by TIAA

VCU Human Resources is closely following news regarding TIAA, one of VCU's approved retirement plan investment providers. Please be reminded that the individual products and services discussed in the news coverage (managed accounts, Wealth Management services, individual brokerage accounts) are not components of VCU's retirement plans. The investment options and share classes available to TIAA participants in the VCU Optional Retirement Plan and the VCU Cash Match Plan include both TIAA and non-TIAA funds that are selected and negotiated by the university in consultation with our independent investment adviser, CAPTRUST, and the the Investment Policy Advisory Committee. The guidelines for fund selection are published in the university's Investment Policy Statement

Health benefits elections and changes
The state's Employee Direct system is currently unable to process health benefits elections and changes. Please use the health benefits enrollment form to submit changes or make elections to the state health plan. 

Premium rewards
Premium rewards for the current plan year end in June. To earn a premium reward for the next plan year (July 2018-June 2019), employees must complete or update a health assessment in the Active Health portal. Employees who participate in a COVA Care or COVA HealthAware health plan can earn a $17 per month ($8.50 per paycheck) discount on health plan premiums beginning in July if their health assessment is completed by May 15th. Spouses enrolled on a plan can earn an additional $17 monthly discount by completing the assessment, making the total monthly discount $34 ($17 per paycheck). The single COVA HealthAware premium for basic coverage is $17 per month, making this health plan free for employees who earn the premium reward.

For full instructions on how to complete the health assessment, see: https://hr.vcu.edu/media/hr/documents/2018-2019-premium-rewards-requirements-final.pdf

For COVA Care participants, your Employee ID for Active Health is 00+ the seven numbers in your COVA Care Member ID. For COVA HealthAware participants, your Employee ID for Active Health is your Member ID starting with 00. If your enrolled spouse is completing the assessment, a separate Active Health account must be set up by your spouse using your Active Health Employee ID number.

If you and/or your enrolled spouse do not complete the health assessment by May 15, it can still be completed later but the premium reward(s) will also start later in the plan year. Completing the health assessment is voluntary. If you decide not to participate, you will pay the regular premium for your plan with no discount.