Newsletter - December 2025
New Plan Year = Deductible/Out of Pocket Reset
Deductibles and Max Out-of-Pocket for all health plans (medical, dental, vision) reset effective January 1, 2026. If you have an active dependent care flexible spending account with Chard Snyder, the deadline to submit for reimbursement is March 31, 2026 for eligible expenses incurred in 2025.
Optum HSA Final 2025 Deposit
Due to the holiday, the employee and/or employer contribution into employee health savings accounts will deposit on January 9, 2026 for pay period 26.
FSA Eligible Expenses
For employees with a medical flexible spending account (FSA), only $660 of unused funds will carry over into 2026. You can refer to this info from Chard Snyder for eligible expenses.
Spring 2026 Tuition Waiver
The deadline to request a Spring 2026 tuition waiver is approaching. Human Resources will not be responsible for the removal of any late fees placed on student accounts before submittal of waiver, and payment of all fees not covered by the waiver will be the student's obligation. Please refer to the tuition waiver page for more information, and submit your waiver request through your myUT portal under Benefits Information - Tuition waiver.
CerpassRx is now LucyRx
LucyRx, a fast-scaling, next-generation pharmacy benefits manager (PBM) known for simplifying and improving access to prescription care, has signed a definitive agreement to bring CerpassRx into the LucyRx organization. The combination brings together CerpassRx’s proven track record of exceptional service and cost containment with LucyRx’s technology-driven clinical approach, all under a shared vision for smarter, more transparent prescription care. By combining LucyRx’s technology-driven clinical model with CerpassRx’s service-first approach and cost containment expertise, this partnership creates a more impactful PBM solution – one that delivers smarter care, stronger savings, and a seamless experience for members.
There will be no changes to service, support, or operations.
Voluntary Retirement Plan Limits for 2026
Please see the table below for the new annual contribution limits for the 2026 plan year. Below are the updated limits for the standard and catch-up contributions to your 403b and 457b plans, effective January 1, 2026. Please be aware that the law limits the amount you may defer under the 403(b), 457(b), and any other plans in any tax year.
2026 Universal Availability Limits per IRS Rules
- Age 49 or younger: $24,500 for the year
- Age 50-59, 64+: $32,500 for the year ($8,000 catch-up)
- Age 60-63: $35,750 for the year ($11,250 catch-up)