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92.1 | Policy | ||
It is the policy of the University to make group accident insurance coverage available for all regular full-time employees and other as designated by the University AdministrativeRegulations. The group accident insurance is intended to make available for employees and/or employee’s beneficiary(ies) a benefit in event of accidental death and/or dismemberment. | |||
92.1.1 | A regular full-time employee is eligible to enroll at the employee’s own expense in single or family coverage within the initial thirty (30) days of employment. | ||
92.1.1.1 | An eligible employee may also enroll within any period of open enrollment. | ||
92.1.2 | This plan provides accidental death and dismemberment benefits, as stated in the policy, for employees and their dependents (if family coverage is elected) twenty-four (24) hours a day anywhere in the world. this insurance plan is available to employees in multiples of five thousand dollars ($5,000.00) with a minimum coverage of ten thousand dollars ($10,000.00) and a maximum of one hundred thousand dollars ($100,000.00). | ||
92.1.3 | For family coverage purposes, an eligible dependent includes spouse and unmarried children under nineteen (19) years of age and unmarried children under twenty-three (23) years of age who are full-time students and dependent upon the employee for support. | ||
92.1.4 | Under the family plan, the dependent spouse is covered for one-half the principal sum for which the employee is enrolled and each eligible child is covered for one-tenth of the amount. Children of a covered employee without a dependent spouse are covered for one-fourth the principal sum for which the employee is enrolled under the family plan. | ||
92.1.5 | This insurance will cease upon termination employment, retirement, or death, and is not convertible to an individual plan. a dependent’s insurance also ceases at the time of the insured employee’s termination of employment, retirement, or death. | ||
92.2 | Delegation | ||
Administration of the group accident insurance plan is a function of the Employee benefits Office. | |||
92.3 | Procedure | ||
92.3.1 | An employee seeking information about the accident insurance plan or desiring to enroll should refer to a current brochure or contact the Employee Benefits Office. | ||
92.3.1.1 | All enrollments are processed through and recorded by the Employee Benefits Office. | ||
92.3.1.2 | The Employ Benefits Office will forward contracts to employees acknowledging enrollment. This may take several weeks and does not impact the date the coverage becomes effective. | ||
92.3.2 | Premium payments for employees enrolled in this plan are accomplished through payroll deductions. | ||
92.3.3 | An employee going on leave(s) without pay must make special arrangements with the Employee Benefits Office to prepay the accident insurance premiums until active employment is resumed. | ||
92.3.4 | An employee may cancel or decrease the amount of coverage by written notification to the Employee Benefits Office; this change will be effective on the first day of the month following receipt of the request. | ||
92.3.5 | An employee who marries may apply for family coverage within thirty (30) days after the marriage. |