2027 Open Enrollment

What is changing

NEW: A company-funded Health Savings Account through Lively

Starting January 1, 2027, Moneta is sponsoring Health Savings Accounts through Lively and putting money into them.

• Individual coverage: up to $500 a year, or $20.83 per pay period
• Family coverage: up to $1,000 a year, or $41.67 per pay period

Moneta also pays the monthly account fee for as long as you work here.

Contributions are deposited to your Lively account each pay period, so you need a Lively account to receive them. If you already have an HSA somewhere else, you can keep it — but employer funds and future HSA employee contributions will only go to Lively HSA accounts. You can run both accounts, or move your existing balance over.

What you need to do: if you enroll in HDHP 1 or HDHP 2, elect your HSA contribution amount in ADP during Open Enrollment. You will not open your Lively account during Open Enrollment. In early December, after enrollment closes, Lively will email you instructions for opening your account. When you decide how much to contribute, remember that the company money counts toward the IRS annual maximum.

Moving an existing HSA to Lively

You have two options, and either one takes about four to six weeks. You will not have access to the money while it moves, so plan around any care you have coming up.

• Transfer between providers. Lively requests the money directly from your current custodian. You never touch it, there is no tax consequence, and you can do it as often as you like.
• Your current custodian sends the money to you, and you have 60 days to deposit it into Lively. The IRS allows this once every 12 months. Miss the 60 days and it counts as a taxable withdrawal with a 20% penalty.

The transfer route is simpler and lower risk. Lively can walk you through either one.

Basic life insurance is changing

Basic life and AD&D is now one times your base annual salary, instead of a flat $50,000. Moneta pays for this coverage and you are enrolled automatically.

One thing to know: because your coverage will now be higher than $50,000, the IRS treats the value of the coverage above that amount as taxable income. You will see it on your paycheck and on your W-2. You are not paying a premium for the insurance — it only affects the taxes withheld from your pay. See Life & AD&D for details about this benefit.

This is a good time to check that your beneficiaries are current in ADP.

What is not changing

Medical keeps the same three UHC plans (HDHP 1, HDHP 2 and the PPO) and the Choice Plus network. Premiums and the HDHP 1 deductible and out-of-pocket maximum increase slightly for 2027; see Employee Premiums and Medical for the new amounts. Dental, vision, short- and long-term disability, the 401(k), accident insurance, critical illness insurance, and pet insurance all carry forward for 2027 with no changes to how they work or what they cost.