{"id":51104,"date":"2018-01-25T16:53:32","date_gmt":"2018-01-26T00:53:32","guid":{"rendered":"http:\/\/blogs.georgefox.edu\/ennounce\/?p=51104"},"modified":"2018-01-25T13:53:42","modified_gmt":"2018-01-25T21:53:42","slug":"employee-empowerment-benefit-tax-announcements","status":"publish","type":"post","link":"https:\/\/blogs.georgefox.edu\/ennounce\/2018\/01\/25\/employee-empowerment-benefit-tax-announcements\/","title":{"rendered":"Employee Empowerment: Benefit and Tax Announcements"},"content":{"rendered":"<p><strong>Medical and Dental Changes<\/strong><br \/>\nYour team has been preparing for open enrollment for health insurance. Our primary focus has been reviewing our options for a cost-effective solution with the best coverage for our employees for medical and dental.<\/p>\n<p>George Fox will continue to offer both Kaiser and the Regence health plans. There will be some changes, including both deductibles and premiums. We are continuing to fine tune the details with our vendors as we prepare for open enrollment in February for the plan year beginning April 1, 2018. We appreciate those of you who participated in the benefit survey, as this information has been very helpful as we look at our options.<\/p>\n<p>We will be making final decisions in late January and including a Benefit Fair during this year&#8217;s open enrollment. Mark your calendar to join us <strong>Wednesday, Feb. 21<\/strong>, between <strong>11 a.m. and 1 p.m.<\/strong> in Canyon Commons.<\/p>\n<p><strong>Elective Employee Deferral Limits for 2018<\/strong><br \/>\nEffective April 1, 2018, the Allegiance Flexible Spending Accounts limits will be:<\/p>\n<ul>\n<li>Health Flexible Spending Account: $2,650<\/li>\n<li>Dependent Care FSA: $5,000 (no change)<\/li>\n<\/ul>\n<p>Effective Jan. 1, 2018, you can increase your TIAA Supplemental Annuity Account contribution at any time by completing the TIAA election form, up to the maximum annual limit:<\/p>\n<ul>\n<li>Annual contribution limit: $18,500<\/li>\n<li>Annual catch-up contribution: $6,000 (no change)<\/li>\n<li>Annual additional amount for 15-plus years at George Fox: $3,000 (no change)<\/li>\n<\/ul>\n<p><strong>Tax Withholding Table Updates<\/strong><br \/>\nThe IRS has issued new 2018 federal income tax withholding tables. Notice 1036 provides information about the changes and can be found at <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-notice-1036\">this link<\/a>. If you\u00e2\u20ac\u2122d like to change your tax withholding, visit the\u00c2\u00a0<a href=\"https:\/\/www.georgefox.edu\/offices\/hr\/forms.html\">George Fox payroll website<\/a> for the W-4 form.<\/p>\n<p>Please contact <strong>Darby Thiessen<\/strong> at <a href=\"mailto:dthiessen@georgefox.edu\">dthiessen@georgefox.edu<\/a> or 503-554-2188 for assistance with these or any of your George Fox University benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medical and Dental Changes Your team has been preparing for open enrollment for health insurance. Our primary focus has been reviewing our options for a cost-effective solution with the best coverage for our employees for medical and dental. George Fox will continue to offer both Kaiser and the Regence health plans. There will be some [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,30],"tags":[],"class_list":["post-51104","post","type-post","status-publish","format-standard","hentry","category-newberg-employee","category-portland-employee"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Employee Empowerment: Benefit and Tax Announcements - The Daily Bruin<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Employee Empowerment: Benefit and Tax Announcements - The Daily Bruin\" \/>\n<meta property=\"og:description\" content=\"Medical and Dental Changes Your team has been preparing for open enrollment for health insurance. 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