| Benefits
Florida Tech faculty and staff earn both pay and benefits for their work at the University. These two elements - pay and benefits - together make up your total compensation package. We enjoy a very rich insurance package supplemented by Florida Tech, as well as a number of optional insurances from which to choose.
Please note: If you elect Health Insurance coverage, you are eligible to enroll immediately upon hire. Your coverage ends at midnight on the last day of your employment.
If you are a new employee, we will contact you to schedule you for New Employee Orientation, where you will learn about our insurance options. You can enroll in your choice of insurances at that time.
Eligibility for Benefits: You are eligible for coverage under our Health Insurance plan immediately upon hire. You are eligible for coverage under all other insurances effective the first day of the calendar month following or coinciding with 30 days of continuous active service for full-time employees authorized to work at least 30 hours per week. You will become insured on the date you elect any of the benefits by completing a required enrollment form and by signing an approved payroll deduction form, but no earlier than the date you become eligible. If you do not enroll within 31 days after a change in status as determined by the employer, you will not be allowed to enroll until the next annual enrollment period. If you are not in active service on the date you would otherwise become insured, you will become insured on the date you return to active service.
Changes in Coverage During the Year:
The benefit choices you make can be tailored to your personal needs. If you enroll in benefits on a pre-tax basis, you may not add, delete, or change the coverage you have selected for yourself or your dependents until the next open enrollment period. The only exception is if you experience a qualifying family status change. A qualifying family status change includes:
- Marriage or divorce
- Birth or adoption of a dependent child or a change in custody
- Death of a spouse or a dependent child
- Your spouse has a change of employment or status which affects benefits coverage
- You change your employment status which affects your benefits status
- You experience an involuntary loss of other group benefits coverage
You must report a family status change in writing to the Benefits section of Human Resources within 30 days of the qualifying event.
403(b) Retirement Plan and Information
AARP
See what they have to say.
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AFLAC - Income and Lifestyle Protection
- Personal Accident Indemnity
- Personal Cancer Indemnity
- Personal Sickness Indemnity
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Available Benefits
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Benefit Request Form:
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Credit Unions
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Dental Insurance
CompBenefits CS-150 Managed Care Dental Enrollment Form
CompBenefits EP-720 Indemnity PPO Dental Enrollment Form
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Employee Assistance Program (EAP)
Offered through Magellan Health Services, a partner with Blue Cross/Blue Shield
Call toll free 1-800-416-0835
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FSA - Flexible Spending Accounts
Administered by ICUBA.
To check your BALANCE on your HCSA or DCSA Debit card, log onto the www.repayme.com site.
Any purchase made for over-the-counter products through www.drugstore.com will not require receipts to substantiate an eligible FSA/HRA expense. "FSA Store" on that website lists commonly purchased products most likely to be considered eligible for FSA expenses. Flexible Spending Account Reimbursement Claim Form
Allows employees to set aside pretax dollars, through payroll deductions, to cover allowable health care expenses incurred for self and qualified dependents.
Allowable Expenses per IRS Publication 502 Health Care Spending Account (HCSA).
Allows employees to set aside pretax dollars, through payroll deductions, to cover dependent care expenses, incurred and paid, for qualified dependents.
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Group Term Life Insurance w/AD&D - Provided by Unum Provident
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Health Insurance
The benefits and coverage described herein are provided through a trust fund established and funded by a group of employers. It is not an insurance company and is not protected by a guaranty fund in the event of insolvency. Participating employers are assessable for any losses incurred by the trust. Benefits are provided by ICUBA, Independent Colleges & Universities Benefit Association, and administered by Blue Cross/Blue Shield.
Please note: If you elect Health Insurance coverage, you are eligible immediately upon hire and it ends at midnight on the last day of your employment.
Enhanced Benefits:
ICUBA invests in their members by providing enhanced benefits, paying 100% of total costs of the following services:
- Mammograms
- PAP Smears
- PSAs
- Urinalyses
- General Health Blood Panels (with the following CPT codes):
- 80050, 80053, 50054, 85027, 85025, 85007, 85009, 81443, 80061
- Venipuncture and Services
- ECGs
- EKSs
- Fecal Occult Blood Tests (beginning at age 50)
- 1st reported Bone Mineral Density test each Benefit Plan Year (4/1 - 3/31)
- 1st reported Colonoscopy each Benefit Plan Year (4/1 - 3/31)
- All recognized Immunizations
- All recommended Wellness Screenings and Immunizations for plan participants age 19 and under.
To check the status of your Explanation of Benefits:
You are able to submit inquires and view Explanation of Benefits (EOBs) by logging onto www.bcbsfl.com.
ICUBA Newsletter 2008
Diagnostic Lab Services
Please read the following information: ICUBA Quest Lab
Managed RX Programs
Member Service/Benefit Questions: Call 1-866-470-2963. "Blues on Call" - Health Information Line (24 hours day/7 days week) call 1-888-BLUE-428. Hospital or Facility Admission: Call 1-866-470-2963. Mental Health and Substance Abuse: Call 1-866-470-2963.
(In Network Plan Year Deductible: Individual - $300/Family - $900)
(In Network Plan Year Deductible: Individual - $500/Family - $1,500)
(In Network Plan Year Deductible: Individual - $1,500/Family - $4,500)
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HRA - Health Reimbursement Account
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Leaves of Absence
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Legal Assistance Benefits
Through Prepaid Legal Services, available through Payroll deduction.
FloridaTech IDTPPLFeb05
PayrollDeductionApplicationJan05
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Long Term Care Insurance - Provided by Unum Provident
Information available in the Benefits Office
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Prescription Drug Benefits- Walgreen Health Initiatives
Mail Order Drug Program (Walgreens Health Initiatives) - If you are taking a maintenance prescription for conditions such as arthritis, high blood pressure, or diabetes, among others, you can benefit by using the Walgreens Health program. You can get a 90-day supply of medication mailed directly to your house and you save money!! 90 day supply at retail is available from April 1, 2008.
For more information, call customer care Center1-800-207-2568 for refills byphone cal 1-800797-3345 or visit www.mywhi.com
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Regulatory Information
COBRA Rights
Section 125 Mid-year Election Changes
Qualifying Events
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Savings Bonds
Available through Payroll deduction. Contact the Benefits Office to schedule an appointment with Savings Bond Representative. All other questions or concerns should be directed to The Coen Agency. Please include your name, place of employment, social security number, and telephone number in correspondence and when leaving a phone message.
SAVINGS BONDS INTEREST RATES:
New rates will be posted November 1st every year. The Treasury Department announced that Series EE Savings Bonds issued on and after May 1, 2005, will earn fixed rates of interest. The new fixed rate will apply for the 30-year life of each bond, which includes a 10-year extended maturity period; unless a different rate or rate structure is announced and applied at the start of the extension period.
| Toll Free Number: |
1-800-811-3315 |
| Telephone: |
1-407-348-2295 |
| Fax: |
1-407-348-2285 |
| Email: |
USBondProgram@aol.com |
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For more Bond information goto:
www.savingsbonds.gov or www.publicdebt.treas.gov
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Social Security & Medicare
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Tuition Remission For Employees and Dependents
Tuition Remission Policy
For all forms, complete, print, secure required signatures and forward to the Office of Human Resources
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Tuition Remission For University Alliance
Tuition Remission Policy for University Alliance
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Vision Insurance
Vision Plan Information through Vision Service Plan:
$15 copay for eye exam every 12 months and $15 copay for glasses (lenses every 12 months and frames every 24 months).
To use VSP, call 800-877-7195 or visit www.vsp.com, find a network doctor, make an appointment with the network doctor, tell them you are a VSP member, and the doctor and VSP will handle the rest!
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Worker's Compensation
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