Fringe Benefits​ List:​​

Fringe Benefit Printable Document - click here 


Fringe Benefits List

March 20, 2015 

COMPREHENSIVE MAJOR MEDICAL & PRESCRIPTION DRUG

EMPLOYEE

CONTRIBUTION

UNIVERSITY

CONTRIBUTION

Plan Orange

Cost/Month

Cost/Year

Self-funded:

Claims and

Contributions

Paid as needed

Single

$172.26

$2,067.12

2 Person (employee + spouse)*

$335.52

$4,026.24

Employee + child(ren)

$298.34

$3,580.08

Family*

$447.06

$5,364.72

Plan Black

Cost/Month

Cost/Year

Self-funded:

Claims and

Contributions

Paid as needed

Single

$142.74

$1,712.88

2 Person (employee + spouse)*

$278.00

$3,336.00

Employee + child(ren)

$247.20

$2,966.40

Family*

$370.42

$4,445.04

High Deductible Health Plan (HDHP)

Cost/Month

Cost/Year

Self-Funded:

Claims and

Contributions

Paid as need

Single

$  88.60

$1,063.20

2 Person (employee + spouse)*

$172.56

$2,070.72

Employee + child(ren)

$153.44

$1,841.28

Family*

$229.92

$2,759.04


*Spousal Carve Out – An employee, whose spouse is offered medical coverage through their employer and chooses to keep their spouse on the University plan as primary coverage, will have an additional $50.00 added to their monthly medical premium. The employee’s spouse may remain on the University’s medical plan as secondary coverage with no premium penalty. The employee is required to have the spouse’s employer complete the spousal carve out document and return it to the Office of Human Resources within 30 days of hire date.

 

PLAN DEDUCTIBLE & OUT OF POCKET MAXIMUM

DEDUCTIBLE

OUT OF POCKET MAXIMUM

Plan Orange

Per Person

Per Family

Per Person

Per Family

  In Network

$500

$1,000

$2,000

$4,000

  Out of Network

$1,000

$2,000

$4,000

$8,000

Plan Black

Per Person

Per Family

Per Person

Per Family

  In Network

$1,000

$2,000

$3,000

$6,000

  Out of Network

$2,000

$4,000

$6,000

$12,000

Plan HDHP

Single

Family

Single

Family

  In Network

$2,500

$5,000

$3,500

$7,000

  Out of Network

$5,000

$10,000

$7,000

$14,000

 Amounts applied to the in-network and out-of-network Calendar Year Deductible and amounts in-network and out-of-network Calendar Year Out-of-Pocket Maximum will be combined.

 

PRESCRIPTION DRUG PROGRAMS:

 

PLANS ORANGE AND BLACK ONLY:

PRESCRIPTION DRUG OUT-OF-POCKET MAXIMUM AMOUNTS - PER CALENDAR YEAR

Per Covered Person..................................................................................................................................... $1,000

Per Covered Family.................................................................................................................................... $2,000

 

Prescription drug expenses do not apply to the Calendar Year Deductible or to the Out-of-Pocket Maximum under Comprehensive Medical Expense Benefits.

 

PLAN ORANGE ONLY:

Co-Payment

RETAIL PHARMACY (Up To a 30 Day Supply)

Generic........................................................................................................................................................ $ 8.00

Preferred Brand............................................................................................. $22.00 or 25%, whichever is greater

Non-Preferred Brand..................................................................................... $42.00 or 30%, whichever is greater

MAIL ORDER or RETAIL 90 PROGRAM (Up To a 90 Day Supply)

Generic....................................................................................................................................................... $16.00

Preferred Brand.............................................................................................. $44.00 or 25% whichever is greater

Non-Preferred Brand..................................................................................... $84.00 or 30%, whichever is greater

 

PLAN BLACK ONLY:

Co-Payment

RETAIL PHARMACY (Up To a 30 Day Supply)

Generic...................................................................................................................................................... $ 10.00

Preferred Brand............................................................................................. $30.00 or 25%, whichever is greater

Non-Preferred Brand..................................................................................... $50.00 or 30%, whichever is greater

MAIL ORDER or RETAIL 90 PROGRAM (Up To a 90 Day Supply)

Generic....................................................................................................................................................... $30.00

Preferred Brand.............................................................................................. $90.00 or 25% whichever is greater

Non-Preferred Brand................................................................................... $150.00 or 30%, whichever is greater

 

PLAN HDHP ONLY:

Member pays full cost of prescription but may submit to medical plan to be applied to deductible.

 

VISION INSURANCE

EMPLOYEE

CONTRIBUTION

UNIVERSITY

CONTRIBUTION

 

Cost/Month

Cost/Year

 

Single

$12.77

$153.24

$.00

Two Person

$19.35

$232.20

$.00

Family

$34.49

$413.88

$.00

 

DENTAL INSURANCE

EMPLOYEE

CONTRIBUTION

UNIVERSITY
CONTRIBUTION

 

Cost/Month

Cost/Year

Cost/Month

Single

$10.50

 $126.00

$24.50

Family

$25.50

$306.00

$59.50

 

 

LIFE INSURANCE

EMPLOYEE

CONTRIBUTION

UNIVERSITY
CONTRIBUTION

$30,000 Basic Term Life

Cost/Month

Cost/Year

Cost/Year

Employee

$1.25

$15.00

$45.12

 

      Optional Life: You may purchase up to two times your annual Salary which is based on age and salary. The maximum for any employee is the lesser of two times the annual salary or $150,000.  The University pays 50% of monthly cost.

  Dependent Life Insurance Coverage: You may enroll spouse and children in the term life insurance plan. There are two options available ​from which to choose.

 

ADDITIONAL FULL-TIME BENEFITS

EMPLOYEE CONTRIBUTION

UNIVERSITY CONTRIBUTION

 

Social Security and Medicare on the first $118,500                              7.65%                 7.65%

Long Term Disability (offered after one year of employment)      $  .16/100         $ .16/100

Workers’ Compensation:                                                                              $       0.00            Total amount, if certified.

TIAA-CREF Retirement Plan:  The Defined Contribution Retirement Plan operates under Section 403(b) of the Internal Revenue Code (IRC). Eligible employees must, as a condition of employment, begin participation in this Plan on the first of the month after the following requirements are fulfilled: complete one full year of employment at The University of Findlay and are 21 years of age.


PLAN CONTRIBUTION AS A PERCENTAGE OF COMPENSATION:

EMPLOYEE CONTRIBUTION

UNIVERSITY CONTRIBUTION

    Service Grade(s)                                                                                                        Employee %                          Employer %

       Greater than 1 year of service but less than 6 years of service                           5                                               5

       Greater than or equal to 6 years of service but less than 11                              3                                               7

          years of service

       Greater than or equal to or equal to 11 years of service                                       0                                            10

StraightLine: A research-based professional management firm offers proactive services to 403(b) participants. Contact a StraightLine representative to manage your 403(b) account at (419) 425-8440 or visit www.myrplan.com/oilers (fee for service). 

Tuition Remission:  The employee, his/her spouse and/or children (not enrolled in College Credit Plus) may be eligible to participate in the University’s Tuition Remission Program: one undergraduate degree and one graduate degree at the same degree level (one licensure concurrent with a master’s degree).  Costs for textbooks, materials, additional fees, room and board, miscellaneous fees, and any non-tuition fees are not included in the Tuition Remission Policy. Tuition Remission Policy is available after completion of five (5) months of employment. Employee, his/her spouse and/or children may apply to enroll in the first full semester or term after meeting this requirement (apply for admission as all other students do and be accepted based on the established criteria).  For more information, please review the Tuition Remission Policy. 

Flexible Benefit Plan:  Experience significant tax savings by contributing pre-tax dollars for medical and/or dependent care expenses. 

University Stores Discount:  The University Stores offers a 10% discount on purchase of supplies, gifts, textbooks, and clothing to all university employees (a valid Employee Identification Card is MANDATORY at time of purchase). 

Use of Campus Facilities:  Croy Gymnasium, Gardner Fitness Center, Koehler Fitness and Recreation Complex, and Shafer Library. 

Tickets: On-campus event tickets are available as long as the event is not sold out. Tournaments, Concerts, and Summer Stock are not included.

 

PAID VACATION

STAFF AND AMINISTRATIVE ACCURALS BEGIN IMMEDIATELY UPON HIRE DATE

Part-time staff (if eligible):

 

Pro-rated hours per month

40 hour staff:

Years 1 – 5

6.67 hours per month (2 weeks)

 

Years 6 – 10

10.0 hours per month (3 weeks)

 

Years 11 – on

13.33 hours per month (4 weeks)

Administrative:

From hire date

13.33 hours per month (4 weeks)

 

PAID SICK LEAVE

STAFF AND AMINISTRATIVE ACCURALS BEGIN

AFTER 90-DAY PROBATIONARY PERIOD

Part-time staff (if eligible):

 

Pro-rated hours per month

40 hour staff and administrators:

 

8.0 hours per month

 

Paid Holiday’s include: New Year’s Day, Dr. Martin Luther King, Jr. Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving (2), Christmas Eve, Christmas Day, and New Year’s Eve.

Direct Deposit is mandatory for all payroll checks.

Pay Dates are the 15th and 30th of every month.  If payday falls on a holiday or weekend, checks are distributed the day before.  Pick up your first paycheck in the Office of Human Resources.