The following sections provide a brief description of benefits offered to employees and their families. To meet the varying needs of employees for health care coverage, Loyola provides a variety of health care programs offered on a voluntary enrollment basis.
Employees pay a portion of the premium for each plan on a pre-tax basis.
The dental insurance plans are designed to encourage preventive dental care and provide financial protection when a member requires extensive dental work. Employees hired to work 20 or more hours per week are eligible to enroll by following the enrollment guidelines. Under Internal Revenue Service Rules, any amounts not used during the same calendar year are forfeited. There is no carry-over of unused amounts into the next plan year. Employees are normally vested after five years of plan participation.