Vanderbilt University Medical Center

Whether you’ve been working for two weeks or 20 years, navigating the benefits landscape can be a little confusing. Our summer Know Your Benefits Series will tackle some of the more complicated benefits concepts and processes to help you make the best benefits choices for you and your family. The infographic below details the differences and similarities between VUMC’s health plans. (Download and print a larger version here.)

This week, Fidelity Investments, administrator of the VUMC 403(b), announced changes to the Vanguard Target Date Retirement fund series. The changes will take place in July 2022. Changes include:

Beginning April 26, the NetBenefits website — hosted by VUMC’s retirement plan administrator, Fidelity Investments — will sport a new look.

As you may recall, beginning with the 2022 benefits year, our vendor Benefitexpress has engaged a new FSA program administrator, WEX Health. As part of its verification process, WEX Health will occasionally ask employees enrolled in a health care flexible spending account to submit receipts for goods and services purchased with the WEX Visa debit card.

Whether you are just beginning your career or you are a seasoned workforce veteran, it is never too late to begin or continue your education. Fully benefits eligible employees have access to several resources to help you with the college admissions and financial planning process.

One of the most frequently asked questions of the benefits team is what happens when an employee’s dependent is no longer eligible for healthcare insurance coverage. The Affordable Care Act requires insurers to make coverage available to dependents — married or single — until age 26. If your dependent or your spouse’s dependent is covered by a VUMC benefits plan and will turn 26 this year, below are five things you should know.

Whether you’ve been working for two weeks or 20 years, navigating the benefits landscape can be a little confusing. This is particularly true when it comes to interpreting forms and documents you might receive from our insurance carrier. One of the most common documents is the Explanation of Benefits, or EOB statement. The EOB details how much of a doctor or hospital visit was covered by your VUMC insurance and how much you are required to pay. The EOB is not a bill. If you owe money for a medical visit or procedure, you will receive a bill from the provider.

Managing your medicine through a Vanderbilt pharmacy just got easier. As most employees know, when you use a Vanderbilt pharmacy, you get the lowest price for your prescriptions. You benefit from these savings as an employee on the Vanderbilt University Medical Center’s Health Plan. And now Vanderbilt pharmacies offer convenience with a new app, called VanderbiltRx, that allows you to:

Vanderbilt University Medical Center is committed to helping you get the care you need as quickly and conveniently and as affordably as possible. Rather than pay a $125 co-pay, or more, for an emergency room visit, employees can take advantage of these cost- and time-saving health care options. 

Beach season is almost over, but the discounts aren't. There is no time like the present to take advantage of these fitness and wellness discounts.