Faculty who expect to be in a non-pay status for any reason when insurance premiums are due should contact the Benefits Office to arrange for payment of insurance premiums. Non-payment of premiums may result in cancellation of benefit coverage. Insurance Premiums for Coverage during Summer Faculty summer insurance premiums are deducted in advance, with the costs spread out over the January through May paychecks. Because summer premiums are pre-paid, no premiums then are deducted from summer paychecks. If employment ends at the conclusion of the academic year, coverage ends at the end of the month in which employment terminates, and any withheld summer premiums will be refunded.
Coverage is available for employees and dependents.
The university typically has contributed the majority of the premium cost, with the employee paying the balance of the premium. 504.02 Continuation of Benefits after Termination Terminating faculty have insurance coverage through the end of the month in which their contract ends, as long as the full premiums have been paid. If a qualified individual is termined to be disabled under Title II or XVI of the Social Security Act at the time employment ended, and if the plan administrator is notified within 60 days, coverage may be continued for up to 29 months. Individuals who are enrolled in a Medical Spending Account at the time of separation may also be able under certain conditions to continue participation in the plan through the end of the calendar year. It is the individual's responsibility to ensure that premiums are paid in a timely manner.