Benefit Cost to Employees

 

College-Paid Benefits

Basic Life Insurance Equal to two times yearly salary

 College Paid

Travel Accident $50,000

College Paid

Long-Term Disability

  • 60% salary replacement
  • Waiver of life insurance premiums
  • Contributions to retirement
College Paid

Health Insurance Costs (effective 9/1/08)

Core Plan Comprehensive Major Medical
$500 Single Coverage Deductible/$1000 Family Coverage Deductible.

FTE > or = .75

Premium

College Contribution

 Employee Contribution

Single Coverage

$466.46

$411.04

 $55.42 per month
Single + 1 $1049.70 $681.36 $368.34 per month

Family Coverage

$1328.98

$923.50

 $405.48 per month
FTE .50 < .75      

Single Coverage

$466.46

$308.28

 $158.18 per month
Single + 1 $1049.70 $511.02 $538.68 per month

Family Coverage

$1328.98

$692.62

 $636.36 per month
Other Benefit Costs



Additional Life Insurance
One or two time(s) salary

 

 


 Age Based

Dependent Life Insurance
$7,500/spouse
$2,500/dependent

 

 


 $2.53 per month

24 Hour Accidental Death & Dismemberment Insurance (maximum $500,000 limited to 10x salary)

 

 

  • Single

 

 


 $ .23/$10,000 per month

  • Family

 

 


 $ .32/$10,000 per month