Open Enrollment: New for 2025

Life and AD&D Insurance

• Adding $15,000 and $20,000 tiers to Life and AD&D Insurance for dependent children
• Phasing out the $2,500 tier; current enrollees will be able to maintain that level of coverage

Voluntary Benefits Through MetLife

Employees have the opportunity to enroll in Accident and/or Hospital Indemnity Insurance through MetLife. These benefits may supplement your health insurance and disability if a covered incident causes you to have expenses your health insurance doesn't cover — or causes you to lose income due to being out of work. Payments are made directly to you and can be used in any way you see fit: use them to help pay for insurance deductibles, co-pays, child care expenses, mortgage payments and more. View the MetLife Voluntary Benefits Presentation [pdf] for an overview of the plans, and visit MetLife's CMU site for more information.

• Accident Insurance can help you pay for costs not covered by your medical insurance. There are over 150 covered events associated with an accident that could trigger benefits, including various injuries, hospitalization, medical services and treatments.
  • Accident Insurance Summary of Benefits [pdf]
  • Accident Insurance Overview Presentation

• Hospital Indemnity Insurance benefits can help pay for out-of-pocket costs if you are admitted or confined to a hospital due to an accident or illness.

  • Hospital Indemnity Insurance Summary of Benefits [pdf]
  • Hospital Indemnity Insurance Overview Presentation

Flexible Spending and Health Savings Accounts

• For 2025, the IRS maximum contribution amount for the Health Care and Limited Purpose Flexible Spending Accounts is $3,300; an increase of $100 from 2024.
• For Health Savings Accounts (HSA), the maximum contribution is $4,300 individual and $8,550 family; an increase of $150 individual and $250 family.
  • Those 55 and older can continue to contribute an additional $1,000 as a catch-up contribution.
  • Remember the maximum contribution amount allowed is net of the CMU employer contribution to the HSA.

Retirement Savings Plans

We are updating the CMU retirement plans to increase catch-up contributions, which allow those who are age 50+ to make additional contributions. The current limit for catch-up contributions is $7,500.

• Effective January 1, 2025, the SECURE Act 2.0 increases the catch-up contribution for participants turning age 60–63 in the calendar year to either $10,000 or 150% of the regular catch-up limit, whichever is greater.
• The catch-up limit for employees age 50–59 or 64+ will remain at the regular catch-up limit.

The IRS has not yet released the final, regular or enhanced, catch-up contribution limits for 2025. CMU will implement the new 2025 limits once published by the IRS.