Professional & Scientific (P&S)
Employee Benefit
Summary Information
Employees
appointed to permanent positions in P&S classifications with an appointment
of 1/3 time or greater and a duration of at least nine months are eligible for
participation in the following benefit programs, unless otherwise indicated:
University
Annuity (TIAA-CREF) (Optional) Eligibility: Employees with a budgeted salary of $7,800 or
more. The employee
contribution: 3 1/3 percent of the first $4,800 of budgeted salary and 5
percent of budgeted salary over $4,800. The University contributes 6 2/3
percent of first $4,800 budgeted salary; 10 percent of all budgeted salary over
$4,800. Contributions increase to 5% and 10% respectively after 5th
year of employment.
Substitute Annuity (Optional) may be elected instead of IPERS or
TIAA-CREF. Condition of enrollment same as TIAA-CREF subject to review and
approval.
Supplemental Tax
Sheltered Annuities-TSA (Optional) Tax deferred contributions from employees’ salary per
employee request.
MEDICAL AND DENTAL INSURANCE (OPTIONAL)
Medical Plan- ISU Plans
Eligibility:
With enrollment in first 30 days insurance coverage becomes effective on the
first day of active work. The University allows a benefit credit based upon the
tier of coverage elected (employee only, employee and spouse/domestic partner,
employee and child (ren), or employee and family).
The employee pays the difference between the premium cost and the benefit
credit. A ‘double spouse’ option may be available for employees whose spouse is
also employed with ISU or the State Of
(Represents total premium cost less
benefit credits)
|
Tier |
Indemnity |
PPO |
HMO |
|
Self Only |
$78 |
$11 |
$-19 |
|
Self & Spouse |
$344 |
$190 |
$121 |
|
Double Spouse |
$132 |
$55 |
$21 |
|
Self & Children |
$247 |
$125 |
$73 |
|
Self & Family |
$409 |
$213 |
$123 |
|
Family Double Spouse |
$166 |
$69 |
$24 |
An elected “No
coverage” option provides $75 excess benefit credit.
*Negative costs
provide excess benefit credits that apply to ISU dental insurance or a spending
account.
ISU Indemnity Medical Plan
¨
Deductibles:
$300/year
¨
Office
Visits: 80% coverage to maximum allowable fee after deductible
¨
Prescription drug coverage: $8 copay
generic; 20% copay preferred brand, 33% copay non preferred brand. Limited to 30 day supply.
Maintenance
prescriptions: $8 x 3 months copay generic, 20% x 3
months copay preferred brand, 33% x 3 months copay non preferred brand. Limited to
31-90 day supply. Prescription drug copays
apply to a separate $1500.00 out-of-pocket maximum/contract/year.
¨
Hospital
room/board, physician services, inpatient surgery: 80% coverage after
deductible.
¨
Out-of-pocket
maximum: $1500/contract/year
¨
Deductibles:
None, out-of network $300/year
¨
Office
Visits: 100% after $10 copay
¨
Prescription drug coverage: $8 copay
generic; 20% copay preferred brand, 33% copay non preferred brand. Limited to 30 day supply.
Maintenance
prescriptions: $8 x 3 months copay generic, 20% x 3
months copay preferred brand, 33% x 3 months copay non preferred brand. Limited to
31-90 day supply. Prescription drug copays
apply to a separate $1500.00 out-of-pocket maximum/contract/year.
¨
Hospital
room/board, physician services, inpatient surgery: 90% coverage after
deductible.
¨
Out-of-pocket
maximum: $1500/contract/year
¨
Deductibles:
$0
¨
Office
Visits: $0
¨
Prescription drug coverage: $10 copay
generic; 30% copay preferred brand, 50% copay non preferred brand. Limited to 30 day supply.
Maintenance
prescriptions: $20 copay generic, 20% x 3 months copay preferred brand, 33% x 3 months copay
non preferred brand. Limited to 31-90 day supply.
Prescription drug copays apply to a separate $1500.00
out-of-pocket maximum/contract/year.
¨
Hospital
room/board, physician services, inpatient surgery: 100% coverage directed by
PCP.
¨
Out-of-pocket
maximum: None
Dental
Plan – ISU Plans
If
employee or dependents are not enrolled during the initial eligibility for the
ISU Dental Plan, there will be a 12-month waiting period following enrollment
during which the plans will cover only eligible diagnostic/preventive charges.
Enrollment into the Comprehensive Plan requires the employee to stay in the
plan for a minimum of three years.
Premium
Rates for 2004
(Represents total price less $19
benefit credit for all tiers)
|
Tier |
Basic |
Comprehensive |
|
Self only |
$0 |
$12 |
|
Self & spouse |
$25 |
$58 |
|
Self & children |
$30 |
$65 |
|
Self & family |
$36 |
$74 |
An elected “No coverage” option provides $19
excess benefit credit, applies to first full month of employment
ISU Basic Dental Insurance
¨
Coverage
at 100%: Checkups, cleanings, X-rays.
¨
Coverage
at 50 %: Basic restoratives such as fillings, root canal, extractions
¨
Not
Covered: Bridgework,
dentures, orthodontics
¨
Maximum
payment: $750 per year per insured person
¨
Deductibles:
None
ISU Comprehensive Dental Insurance
¨
Coverage
at 100%: Checkups, cleanings, X-rays.
¨
Coverage
at 80 %: Basic restoratives such as fillings, root canal, extractions
¨
Coverage
at 50%: Major restoratives such as crowns, inlays, bridgework, dentures
¨
Orthodontics
covered at 50%, lifetime maximum benefit of $1500, $50 deductible
¨
Maximum
payment: $1500 per year per insured person, excluding orthodontics
¨
Deductibles:
$25 annual/contract combined for basic & major restorative
LIFE INSURANCE
(OPTIONAL)
The
University provides benefit credits to allow term Life Insurance equal to
twice-annual salary and Accidental Death & Dismemberment coverage equal to
four times salary.
Supplemental
Life Insurance and Dependent Life Insurance are also available at the full
expense of the employee.
Eligibility:
Insurance becomes effective the first of the month following one year of
continuous employment. The University pays full premium. New employees may
apply for earlier coverage within 30 days of employment. If approved, ISU
will pay the full premium and TIAA/CREF waiver costs during the first year of
employment.
Monthly benefit is 75% of first $1,000 monthly salary and
60% of monthly salary above that figure. After the first year of employment,
the University pays total premium and a waiver, which continues monthly
contributions to TIAA/CREF in the event of Long Term Disability.
FLEXIBLE SPENDING
ACCOUNTS (OPTIONAL)
Employees
may elect to have pre-tax salary dollars deducted to pay non-covered medical,
dental, and/or dependent care expenses.
Employees accrue vacation on a monthly basis.
Employees with full time appointments accrue at the rate of 22 days per year.
Vacation may be accrued to twice the annual entitlement. Part–time employees
accrue amounts equivalent to their fractional base of appointment.
Employees with full time appointments
accrue sick leave at the rate of 12 hours per month with unlimited
accumulation. After the accrual of 240 hours of sick leave an employee may
elect to substitute 4 hours of vacation in lieu of 12 hours of sick leave for
any month in which sick leave is not used. Part-time employees accrue amounts
equivalent to their fractional base of appointment.
¨
New
Year’s Day
¨
Martin
Luther King’s Birthday
¨
Memorial
Day
¨
Independence
Day
¨
Labor
Day
¨
Thanksgiving
Day
¨
Friday
following Thanksgiving Day
¨
Christmas
Day
¨
1
additional holiday per year as officially announced by the administration
¨
2
personal holidays (accrued with vacation)
Eligibility: Must have been employed in a P&S
position for a minimum of six months (full-time equivalent).
Tuition Grants provide staff members the opportunity to
receive reimbursement for tuition up to three times per year for coursework
taken at accredited institutions. Awards may be granted up to three (3)
undergraduate/graduate credit hours each semester.
P&S Professional Development Grants are intended to help
P&S employees take advantage of a professional development opportunity that
will improve their professional capacity. These grants supplement financial
contributions made by the employee and by the employing department.
Last
Update 04/2004