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PAGE 6 DECEMBER <strong>2020</strong><br />
Most IRS Contribution Limits<br />
for 2021 Remain Unchanged<br />
The Internal Revenue Service announced that the<br />
dollar amounts participants may contribute to taxdeferred<br />
savings plans, such as the Commonwealth of<br />
Virginia 457 Deferred Compensation Plan, will remain<br />
unchanged for tax year 2021, which begins January 1.<br />
BENEFITS CONTACTS<br />
Anthem Member Services<br />
Medical, prescription drug, optional vision/hearing<br />
1-800-552-2682<br />
www.anthem.com/cova<br />
Flexible spending accounts (FSA)<br />
1-877-451-7244<br />
www.benefitadminsolutions.com/anthem<br />
Employee Assistance Program<br />
1-855-223-9277<br />
www.anthemeap.com<br />
COVA HealthAware (Aetna)<br />
Medical, dental, EAP, prescription drug, vision, hearing<br />
1-855-414-1901<br />
www.covahealthaware.com<br />
How to change contributions: To increase<br />
Commonwealth of Virginia 457 Plan contributions<br />
effective the first pay period of 2021, participants should<br />
log into their online account or call 877-327-5261 by 4<br />
p.m. <strong>December</strong> 31.<br />
Participants cannot use the Age 50+ Catch-Up and<br />
the Standard Catch-Up in the same calendar year. For<br />
more information on the Age 50+ Catch-Up, Standard<br />
Catch-Up, military leave make-up, one-time deferrals<br />
or investment options, refer participants to the<br />
Contributions section of the Commonwealth of Virginia<br />
457 Deferred Compensation Plan website.<br />
The annual limit includes any voluntary contributions<br />
that Hybrid Retirement Plan members make to the<br />
Hybrid 457 Deferred Compensation Plan and another<br />
supplemental 457 plan. Any Roth after-tax or pre-tax<br />
contributions made to the Commonwealth of Virginia<br />
457 Deferred Compensation Plan also count toward the<br />
limit. <br />
VDOT is on Social Media<br />
Stay up to date with the latest VDOT news by<br />
following our social media accounts. Click on<br />
the buttons below to visit the official pages.<br />
Kaiser Permanente<br />
Medical insurance<br />
1-800-777-7902<br />
www.kp.org/mida/commonwealthofvirginia<br />
Delta Dental<br />
Dental insurance<br />
1-888-335-8296<br />
www.deltadentalva.com<br />
Securian Group & Optional Life Insurance<br />
Group and optional life insurance<br />
1-800-441-2258<br />
www.varetire.org/members/benefits/life-insurance/<br />
index.asp<br />
ReedGroup<br />
Disability insurance<br />
1-877-928-7021<br />
www.varetire.org/members/disability/vsdp/index.asp<br />
reedgroup.com/vrs/vrs-employee-virginia-sicknessdisability-program/<br />
MC Innovations (MCI)<br />
Workers’ Compensation Administrator<br />
1-804-649-2288<br />
www.covwc.com<br />
ICMA-RC<br />
Defined compensation plans<br />
1-877-327-5261<br />
www.varetire.org/members/Benefits/definedcontribution/index.asp<br />
Virginia Retirement System (VRS)<br />
State retirement benefits<br />
1-888-VARETIR (1-888-827-3847)<br />
www.varetire.org
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