Group Insurance Plans

Group health, dental and life insurance plans are provided for all faculty/staff who meet eligibility requirements, with voluntary options available as specified.

BASIC HEALTH, DENTAL & LIFE INSURANCE PLANS

To be eligible for the Group Health, Dental and Life Insurance Plans, the faculty or staff member must be:

  1. employed on an appointment of 50% time or more, and
  2. eligible to participate in the State Universities Retirement System.

TO HAVE FULL CHOICE BETWEEN PLANS AND RECEIVE THE BENEFITS OF THESE PLANS, ALL FACULTY AND STAFF MEMBERS MUST COMPLETE AN ENROLLMENT FORM AT THE CAMPUS BENEFITS CENTER WITHIN 10 DAYS OF EMPLOYMENT.

  1. State Health Plan

    Faculty/staff member may choose between a traditional fee-for-service insurance plan and several health maintenance organizations available state-wide.

  2. State Basic Dental Plan

    Provides benefits for preventive dental care for faculty/staff and their dependents who are covered as dependents under the health plan.

  3. State Basic Term Life Insurance

    Faculty-Staff members are provided coverage equal to 1/2 salary in term life insurance to age 56 when coverage begins decreasing at a rate of 5% per year.

Coverage under the above plans is provided at no cost to faculty/staff members employed 100% time; those employed 50 through 99% time share proportionately in the cost of their coverage.

All faculty/staff members are automatically included in the "Premium Payment Plan" which provides for the tax exemption of all health and dental insurance premiums paid by payroll deduction. The payroll deducted premium for up to $50,000 in State Basic and Optional Term Life Insurance coverage is also tax exempt.

OPTIONAL PLANS

There are several optional plans available in which participation is voluntary and the cost is borne by the faculty or staff member except for a small State contribution toward the purchase of dependent health insurance. Application for these plans must be made at employment within the enrollment period specified or during the annual enrollment change period. After the initial enrollment period at employment, evidence of good health is required for enrollment in many of the plans.

  1. Dependent Health Insurance Plans

    Enrollment in these plans must be within 10 days of employment. Later enrollment permitted subject to evidence of good health during annual change period or when there is a "change in family status" such as marriage, birth of a child, etc. Dependents must be enrolled with the same health carrier as the faculty/staff member.

  2. Term Life Insurance Plans
    1. State Plan - Faculty/staff member can purchase up to 2 times salary in half salary increments. Coverage also available for spouse and children. Coverage guaranteed if application made within first 10 days of employment; thereafter enrollment subject to evidence of good health.
    2. University Plan - Up to $175,000 with coverage also available for spouse and children. First %10,000 applied for within first 30 days of employment is guaranteed issue; evidence of good health is required for additional amounts or when application is made after the initial 30 day enrollment period.
  3. Personal Accident Insurance (Accidental Death & Dismemberment )
    1. State Plan - Amount equal to basic and optional State Life coverage elected. No coverage available for dependents.
    2. University Plan - Up to $300,000 with option of insuring spouse and children. Plan includes services of Travel Assistance International (TAI) when traveling internationally whether for pleasure or business. Enrollment in either plan possible at any time.
  4. Dependent Care Plan

    Faculty/staff may elect to have deducted from salary an annual amount up to $5,000 in before-tax dollars to pay for dependents' care. Funds are deposited in a special reimbursement account and the faculty/staff member is reimbursed with tax-free dollars upon submission of dependent care expenses. Enrollment period is first 30 days of employment or during the annual enrollment change period. Enrollment also possible anytime there is an appropriate change in family status.

  5. Tax Sheltered/Deferred Savings Plans

    Under these plans a faculty/staff member may elect to tax shelter a portion of annual income. The plans are similar to Individual Retirement Accounts (IRA's), however, have the advantage of allowing faculty and staff to save by payroll deduction and realize an immediate tax savings instead of waiting until an annual tax return is filed. Federal income tax is payable at the time money is withdrawn from the plan. Enrollment in the plans is possible at any time.

INSURANCE WHILE ON LEAVE

Programs may be continued while on leave from the University.

1. Disability or Illness Leave

All programs continue with full State contribution

2. Leave of Absence Without Pay

All plans may be continued; however, employee must bear full cost, including premiums and contributions which were paid by the State while actively employed.

TERMINATION OF INSURANCE

State Plans terminate on the faculty/staff members, resignation date or contract termination date. University Plans normally terminate at the end of the month for which the last premium was received.

CONTINUATION OF INSURANCE FOLLOWING TERMINATION OF EMPLOYMENT

Under Federal Law, faculty/staff members may continue the health and dental insurance plans for up to 18 months following termination of employment; a spouse whose enrollment is terminated because of divorce or children who become ineligible because of nondependent status or age may elect to continue coverage for up to 36 months.

CONTINUATION OF INSURANCE AT RETIREMENT

Faculty/staff retiring from the University who receive a monthly annuity from the State Universities Retirement System will continue to be covered under the State Health, Dental and Life Insurance Plans. Premiums will be paid by the State on the same basis as while employed, however, the State Term Life Insurance coverage will be limited when retirement is at age 60 or after.

For brochures and additional information on plans and current premium rates, contact the Campus Benefits Center at 807 South Wright St., Suite 480, Champaign, IL 61820, 333-3111.