Page 2 - Caltech

NO ACTION IS NEEDED IF YOU ARE NOT MAKING CHANGES DURING ANNUAL OPEN ENROLLMENT.
There will be no changes to the Caltech Medical, Dental, and Vision health insurance providers. You will keep your same Aetna, Kaiser or HRA plan that you are enrolled in unless you decide to make a change during Annual Open Enrollment.
Any changes made during Annual Open Enrollment will be effective January 1, 2021.
What’s new for 2021
Some plan rates will increase while others will decrease beginning in January. Make sure you review the changes to your monthly plan costs. See pages 7–15 for details about the 2021 health plan options and their associated costs. Aetna Medicare HMO members will receive new ID cards from Aetna.
Defined Dollar Credit will be increasing by 2%.
• Aetna is requiring a change to the formulary to the pre-65 medical plan options - Impacts about 20% of the current population utilizing Rx benefits (additional
• For Aetna post-65 plans (excluding the Value Plan), members using Preferred pharmacies will have lower generic copays ($1 less for 30 day supply, $2 less for 90 day supply)
details to follow)
• Caltech added supplemental benefits to the Medicare Advantage plans: - Meal Benefit (following inpatient hospital stay):
• Aetna provides up to 14 meals
• Kaiser provides up to 3 meals per day up to 4 weeks
• Teladoc Benefit
- Aetna plans include Teladoc, you can talk to a doctor, therapist, or medical
expert anywhere you are by phone or video.
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Even if you’re satisfied with your current plan, it’s still a great time to:
• Review your plan options to make sure you still have the best coverage to meet your needs.
• Confirm your Defined Dollar Credit amount.
• Update your mailing address, phone number, email address, and life insurance beneficiaries and their contact information.