Group
Benefits Enrollment now available on a biweekly basis
In an effort to help new employees
sign up for their benefits packages, University Benefits and Retirement
is now offering Group Benefits Enrollment on a bi-weekly basis.
New employees may enroll in the various insurance options provided
by the university—including health, life, and supplemental
insurance plans; flexible spending accounts; and a variety of other
options.
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Announcing
open enrollment for term life insurance
The
annual open enrollment for term life insurance will be held from
March 1 to 31 for all eligible employees with an FTE of .50 or greater.
Current participants will have an opportunity to increase or decrease
coverage levels, and non-participants will have an opportunity to
enroll. Although premiums have been constant for some time,they
will increase overall by 5 percent this year. This term life plan
is underwritten by Jefferson Pilot Financial Insurance Company and
is administered by Hilb, Rogal & Hobbs.
In
February, all Academic Personnel, TEAMS, and USPS employees with
an FTE of .50 or greater will receive correspondence including a
plan brochure and an enrollment form at their home addresses. In
addition, letters to current plan participants will highlight existing
coverage, beneficiaries, and the level of benefit participants may
add.
During
open enrollment, a new enrollee may apply for coverage of $10,000
for himself or herself and $5,000 for his or her spouse and children.
At this time, a current participant may increase his or her coverage
by $10,000 and coverage for his or her spouse and children by $5,000.
Greater amounts of coverage may also be added for both current and
new participants, subject to medical approval by the company via
a medical application. Although this coverage may be increased only
during open enrollment or via medical application, it may be decreased
or cancelled at any time.
Please
contact University Benefits at 392-2477 (SC 622-1225) or benefits@ufl.edu
with questions.
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Double
deductions begin for 9- and 10-month Academic Personnel
To
ensure continued coverage for health, state life, optional and supplemental
insurances during the summer, 9- and 10-month academic personnel
will have double deductions taken from their paychecks beginning
with the February 4 paycheck and continuing through May 13.
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