EmployEE Handbook - Marymount University

(a) Group Health Plans*
All regular full-time employees and eligible dependents may participate in
Marymount’s group health insurance plans. Marymount contributes a portion of
the premium cost of the group health insurance plan, based on health plan and
level of coverage chosen by the employee. An employee’s portion of the cost of a
selected health plan is paid through a pre-tax payroll deduction. For information
about the health plans offered by Marymount, please click on this url: http://
www.marymount.edu/hr/benefits/medical.aspx.
(b) Group Dental Insurance*
All regular, full-time employees and eligible dependents may participate in
Marymount’s group dental insurance program. The total cost of a selected dental
plan is paid by the employee through a pre-tax payroll deduction. For information
about the dental plans offered by Marymount, please click on this url: http://
www.marymount.edu/hr/benefits/dentvis.aspx.
(c) Group Vision Insurance*
All regular, full-time employees and eligible dependents may participate in
Marymount’s group vision insurance program. The total cost of a selected vision
plan is paid by the employee through a pre-tax payroll deduction. For information
about the health plans offered by Marymount, please click on this url: http://
www.marymount.edu/hr/benefits/dentvis.aspx.
*NOTE: For eligible employees who separate from Marymount, continuation of health,
dental and vision insurance coverage is provided under the provisions of COBRA
(Consolidated Omnibus Budget Reconciliation Act of 1985).
(d) Group Term Life/Accidental Death and Dismemberment Insurance
All regular, full-time employees are enrolled in Group Term Life/Accidental
Death and Dismemberment (AD&D) insurance. The cost of this insurance is fully
paid by the University. Coverage takes effect on the first workday of employment.
In the event of death of a covered full-time employee, this coverage provides a
life insurance benefit equal to an employee’s annual base salary, rounded to the
next higher $1,000.00, up to a maximum of $50,000.00. The insurance benefit
is subject to actuarial reduction at age 70 and after. In the event of an accident,
AD&D coverage and a “living care benefit” also provide additional protection.
For more information about this insurance coverage, please click on this url:
http://www.marymount.edu/hr/benefits/insurance.aspx.
Additional voluntary term life insurance may be purchased for employees,
spouses, and dependent children at group rates through an after tax payroll
deduction. For more information about this insurance coverage, please click on
this url: http://www.marymount.edu/hr/benefits/VLI.aspx.
(e) Flexible Spending Accounts
Marymount University offers the option for regular, full-time employees to
establish Flexible Spending Accounts to pay for uninsured medical, dental, vision
care and/or dependent care expenses with “pre-tax” dollars. Eligible employees
may take advantage of the Flexible Spending Account benefit without being
enrolled in other Marymount group insurance plans. For more information about
this insurance coverage, please click on this url: http://www.marymount.edu/hr/
benefits/FSA.aspx
45