Open Enrollment

Overview

Your current benefit elections will carry over to 2025 with 2025 plan and premium changes with the exception of Health Savings Account (HSA) and Flexible Spending Account (FSA). You need to make a new election each year if you want to participate in the FSA and HSA, as well as to receive your employer's HSA contribution.

You must take action! Please refer to the Health Advances 2025 Open Enrollment Guide for information about your Parexel benefits and how to enroll.

Open Enrollment is your annual opportunity to review and update your benefits elections so that you have the coverage you and your family need in 2025. Be sure to review 2025 What's New section for more information and next steps. There are some changes to the medical deductibles, vision plans, voluntary Legal Plan, and the 2025 contribution rates. You must enroll each year if you would like to contribute to an HSA and/or FSAs.

We encourage you to take time to review your options for 2025 and carefully consider which benefits will work best for you and your family, especially if you want to:

Add, remove or change medical, dental or vision insurance.
Add or remove a dependent to your healthcare coverage.
Contribute to an HSA or FSA. Your elections will not carry over from year to year.
Add or remove supplemental health benefits, such as accident, critical illness or hospital indemnity insurance.
Enroll in voluntary benefits coverage, such as the legal plan, identity theft protection and pet insurance.

Use Aptia365 to select the plan that best fits your and your family’s needs for 2025.

Welcome to Open Enrollment for your 2025 benefits!

Parexel is committed to providing comprehensive benefits for employees, spouses and eligible dependents. Take this opportunity to learn about the benefits available to you, understand what is changing for 2025, and complete your enrollment.

Open Enrollment for 2025 benefits is November 4 – November 18, 2024. Your new elections will go into effect on January 1, 2025.

If you are a new hire or recently experienced a qualified life event, such as marriage, divorce, or the birth of a child, you will need to enroll in both 2024 and 2025 benefits. This ensures you have coverage through the end of the year, as well as when the 2025 plan year begins on January 1, 2025!

2025 What's New

Please review the changes to our benefits that will go into effect beginning January 1, 2025:

Aptia 365	Your enrollment platform, Mercer Marketplace 365+, is now Aptia365. As you navigate through your benefits communications, visit our enrollment site, or speak with a Benefit Counselor over the phone, you will notice the Aptia365 name. Aptia365 will continue to provide the same high-quality services and features with access to support tools and guidance every step of the way.
Health Plan Updates	The $3,200 Deductible Plan with HSA is changing to the $3,300 Deductible Plan with HSA to remain HSA qualified under the IRS. This means the individual deductible is changing to $3,300 for an individual and $6,600 if you cover dependents. If you are currently enrolled in the $3,200 Deductible Plan and do not take action, you will automatically be enrolled in the $3,300 Deductible Plan at your current coverage level and 2025.
Vision Plan Updates	The vision plan provider is transitioning from MetLife back to VSP. If you are currently enrolled in a MetLife voluntary vision plan and do not take action, you will be automatically enrolled in the VSP version of your current vision plan at the 2025 contribution rates. Review the VSP Materials Only Plan summary and the VSP Enhanced Plan summary for more information.
Legal Plan Updates	The Legal Plan will include the following additional services: Identity Restoration Services: U.S.-based specialists are available to help restore your identity and secure your information in cases of fraud, data breaches, or lost personal data. Four Hours of Attorney Services for Non-Covered Matters: Members are entitled to up to four hours of attorney time and services per year for non-covered matters that are not otherwise excluded.
Health Savings/Spending Accounts IRS Limits Increase	Health Savings Account (HSA) IRS contribution limits for 2025 will increase to: $4,300 for employee-only coverage ($150 increase) $8,550 for family coverage ($250 increase) Flexible Spending Accounts (FSAs): IRS contribution limits for 2025 will increase to $3,200 You are required to enroll each year if you would like to contribute to an HSA and/or FSAs. Your elections will not carry over from year to year.
401(k) IRS Limits	The total employee contribution limits will increase to $23,500, for participants under 50, and up to $31,000 for participants 50 and older. Log in to your Fidelity 401(k) for more information and Secure 2.0 updates.
2025 Contributions	Please see your 2025 bi-weekly contribution rates here.

Selecting Your Benefits

You have access to support and guidance every step of the way as you enroll!

Visit the Decision Support page to access resources and tools that will help you understand your benefits and select the best options for you and your family.
Visit the Aptia365 platform for personalized support to guide you through the enrollment process. Answer a few short questions to receive expert guidance and build a personalized benefits package. Then, select the benefits package built for you, customize it further to best meet your needs and budget, or build your own package.
If you don’t have access to a computer or need assistance, you can enroll with a benefits counselor by calling 1-866-696-8683. Help is available via phone 7 a.m. – 9 p.m. ET, Monday through Friday, and 10 a.m. to 2 p.m. ET on Saturday.

How to Enroll

How to Enroll – Existing Users

Complete your benefit elections on the Aptia365 platform. Follow the steps below:

Visit the Aptia365 platform and enter your username and password under the Returning Users section. Your username is likely your Parexel email address. If you forgot your password, select “Forgot Username or Password” below “Continue” and follow the prompts to reset it.
Select “Continue”.
You will be required to use Multifactor Authentication to log in. The code will come via text or email, whichever you selected upon initial registry. Enter the code and select “Continue.”
You are now logged into the Aptia365 platform! From here, you can make your Open Enrollment elections.
Your benefit elections will be saved in your online shopping cart. When you are ready, select “Check Out.”
After selecting your benefits, press “Confirm.” You will know your enrollment is complete when you see a confirmation number. Save your 2025 elections and confirmation number for your records.

How to Enroll – New Users

Complete your benefit elections on the Aptia365 platform. Follow the steps below:

Visit the Aptia365 platform and create an account to login.
Select “Get Started” under the New Users section and begin to register your account.
Input your personal information.
Complete the Multifactor Authentication section and select “Continue.”
Once you receive your verification code, enter it into the system and select “Continue.”
You are now logged into the Aptia365 platform! From here, you can select your benefits.
Your benefit elections will be saved in your online shopping cart. When you are ready, select “Check Out.”
After selecting your benefits, press “Confirm.” You will know your enrollment is complete when you see a confirmation number. Save your 2025 elections and confirmation number for your records.

Helpful Hints for Navigating Aptia365

Use the “What to Do Here” buttons at the top of each page to get personalized benefits recommendations.
If you have questions about the enrollment process, call 1-866-696-8683. Help is available Monday through Friday, 7 a.m. – 9 p.m. ET, and 10 a.m. to 2 p.m. ET on Saturday.

If you do not take action and enroll by November 18, your current benefits will carry over into 2025 at the same coverage levels and 2025 contribution rates, except for your Health Savings Account (HSA) and/or Flexible Spending Accounts (FSAs). You must enroll each year if you would like to contribute to a Health Savings Account (HSA) and/or Flexible Spending Accounts (FSAs).

After Open Enrollment ends, you will not be able to elect or update your benefits until the 2026 Open Enrollment period, unless you experience a qualified life event.

Health Advances employees: You must take action! If you do nothing, you will only have Parexel-paid benefits (Basic Employee Life Insurance, Basic AD&D Insurance, Short-Term Disability and Core Long-Term Disability) effective Jan. 1, 2025. Please refer to the Health Advances 2025 Open Enrollment Guide for information about your new Parexel benefits and how to enroll.

Enrollment Checklist

Collect Your Personal Information

When enrolling, have the following information readily available as you may need it to complete this process:

Social Security numbers and dates of birth for any dependents and beneficiaries.

Verify Your Dependents’ Eligibility

If you are covering a dependent, you will be asked to submit documentation to verify each dependent’s eligibility following the enrollment process.

Specify Your Insurance Beneficiaries

You automatically receive basic life and accidental death and dismemberment (AD&D) insurance from Parexel. Designate your beneficiary for this benefit.

You may purchase supplemental life and AD&D insurance with approval of the carrier.

Make Your Selections

If you need help determining which medical plan to enroll in, use the “What to Do Here” buttons at the top of each page to get personalized benefits recommendations.

Enroll by November 18

Enroll using Aptia365.

Please refer to the Health Advances 2025 Open Enrollment Guide for information about your Parexel benefits and how to enroll.