Insurance
Heath Insurance
Taylor believes in the health of our employees and their families. The college provides employee benefits to eligible employees and retirees of the University.
Benefit Information
Plan Year: June 1, 2012 - May 31, 2013
Premiums
| Coverage Type | Per Pay Period | Per Year |
|---|---|---|
| Employee Only | $50 | $1,300 |
| Employee plus Children | $70 | $1,820 |
| Employee plus Spouse | $94 | $2,444 |
| Employee plus Family | $104 | $2,704 |
Deductibles
| Per Person | $700 |
| Per Family | $1,400 |
In-network Co-pays
| Primary Care Physician Office Visit | $30 |
| Specialist Office Visit | $40 |
| Physical, Occupational, or Speech Therapy Office Visit |
$40 |
| Emergency Room | $90 |
| Urgent Care Facilities | $40 |
Wellness Benefits
| Annual Maximum | $150 |
| Wellness Procedures (in network) | |
| Immunizations | 100% after $10 co-pay |
| Mammogram (one baseline between 35 and 39 years of age) |
100% after $10 co-pay |
| Mammogram (*starts at age 40 annually) | 100% after $10 co-pay |
| PSA (*starts at age 40, annually) | 100% after $10 co-pay |
| Colonoscopy (*starts at age 40, one/5years) | 100% after $10 co-pay |
| Sigmoidoscopy (*starts at age 40, one/5 years) | 100% after $10 co-pay |
| *Unless medical necessity warrants otherwise | |
Co-Insurance
| Subject to Deductible | Encircle Network | Encore Network | Out of Network |
|---|---|---|---|
| Inpatient Hospitalization | Paid at 90% | Paid at 75% | Paid at 60% |
| Outpatient | Paid at 90% | Paid at 75% | Paid at 60% |
Prescription Drug
Prescription Drug Deductibles
| Per Calendar Year | |
| Per Person | $50 |
| Per Family | $100 |
Prescription Drug
| Pharmacy (30-day supply*) | Mail Order (90-day supply) | |
| Generic | $15 | $15 |
| Brand Formulary | $25 | $30 |
| Brand Non-Formulary | $40 | $45 |
| *Upland Pharmacy can fill 90-day supply | ||
Dental Coverage
Deductibles
| Per Calendar Year | |
| Per Person | $50 |
| Per Family | $100 |
| After the deductible, the plan pays 80% | |
| Annual maximum per family member $750 | |
** The Schedule of Benefits and the Summary Plan Description for the Health, Dental and Prescription Drug Benefits is located in myTaylor, under the HR News section.
Group Term Life and Accidental Death and Dismemberment Insurance
All Full Time Employees are eligible for group term life and accidental death and dismemberment benefits. You are a Full Time Employee if you are customarily and regularly scheduled to work 1,560 hours or more per fiscal year.
Benefits will be two times your annual salary, rounded to the nearest thousand.
Minimum $50,000
Maximum $250,000
Flexible Benefit Programs
Section 125 Cafeteria Plan
The flexible benefit program allows employees to elect certain tax-free benefits. The program allows the employee to use the tax free monies for their cost of medical, dental and prescription drug coverage, and other eligible medical expenses.
Dependent Care Reimbursement Account
Pursuant to the Internal Revenue Code, employees are able to tax shelter money for the purpose of childcare expenses.
Long-Term Disability Insurance
All Full Time Employees are eligible for long-term disability insurance benefits.
Payable after 90 calendar days of “disability”, 60% of your basic salary.
Worker’s Compensation
Taylor University provides protection for employees in accordance with the state Worker’s Compensation Law. In the event an employee sustains a job related injury or illness a worker’s compensation report form must be completed with Human Resources immediately. This must be done even if the employee declines or believes medical treatment is not required. This procedure is for the protection of the employee and Taylor University. http://www.workerscompindiana.com/
