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 9/1/09)

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

FTE > or = .75

Premium

College Contribution

 Employee Contribution

Single Coverage

$482.66

$402.16

 $80.50 per month
Single + 1 $984.89 $617.13 $367.76 per month

Family Coverage

$1503.84

$1018.46

 $485.38 per month
FTE .50 < .75      

Single Coverage

$482.66

$301.62

 $181.04 per month
Single + 1 $984.89 $462.85 $522.04 per month

Family Coverage

$1503.84

$763.84

 $740.00 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

 

 


 $2.52 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