2020 Cost Sheet for Eligible Full-Time Employees
NON-REPRESENTED (including Law Faculty)
Working 75-99% Time
(Effective 01/01/2021 – 12/31/2021)
Rates are subject to Collective Bargaining. Refer to the costs below before making your elections for 2021
Total Medical Premium
Enrollment Status | Choice Biweekly | Copay Biweekly | Choice Monthly | Copay Monthly |
---|---|---|---|---|
Employee Only | $318.27 | $405.96 | $689.58 | $879.57 |
Employee Plus One | $700.18 | $893.09 | $1,517.06 | $1,935.02 |
Family | $891.14 | $1,136.65 | $1,930.80 | $2,462.75 |
Quality Incentive Medical Coverage: Wellness Participants
Employee Share of Premium | Choice Biweekly | Copay Biweekly | Choice Monthly | Copay Monthly |
---|---|---|---|---|
Employee Only | $127.31 | $162.38 | $275.83 | $351.83 |
Employee Plus One | $280.07 | $357.23 | $606.82 | $774.01 |
Family | $356.46 | $454.66 | $772.32 | $985.10 |
Quality Incentive Medical Coverage: Wellness Non-Participants
Employee Share of Premium | Choice Biweekly | Copay Biweekly | Choice Monthly | Copay Monthly |
---|---|---|---|---|
Employee Only | $159.13 | $202.98 | $344.79 | $439.79 |
Employee Plus One | $350.09 | $446.54 | $758.53 | $967.51 |
Family | $445.57 | $568.33 | $965.40 | $1,231.38 |
Dental Coverage
Enrollment Status | Biweekly Premium | Monthly Premium |
---|---|---|
Employee Only | $10.71 | $21.41 |
Employee Plus One | $28.49 | $56.97 |
Family | $56.21 | $112.42 |
Vision Coverage
Enrollment Status | 24 Installment Premium | Monthly Premium |
---|---|---|
Employee Only | $4.19 | $8.39 |
Employee Plus One | $8.03 | $16.07 |
Family | $13.03 | $26.07 |
Important Note
Domestic Partner Enrollment: In accordance with IRS regulations, premiums for Domestic Partner health coverage (medical, dental, and vision) will be withheld on an after-tax basis. Also, the value of benefits provided by the University (health) will be taxable. Contact the UMS Employee Benefits Center for more information.
Supplemental (Optional) Life Insurance
Benefit | Bi-Weekly Cost (per $1,000 of coverage) | Monthly Cost |
---|---|---|
Employee Coverage: | Under age 35 $0.02 | Under age 35 $0.04 |
Spousal/Domestic Partner Coverage: | Under age 35 $0.04 | Under age 35 $0.09 |
Child(ren) Coverage: | $0.13 for $5,000 | $0.28 for $5,000 |
Supplemental (Optional) AD&D Insurance
Benefit | Bi-Weekly Cost (per $1,000 of coverage) | Monthly Cost per $10,000 of Coverage |
---|---|---|
Employee Only Coverage | $0.07 | $0.15 |
Family Coverage | $0.12 | $0.26 |
Short Term Disability (STD)
Benefit | $100 of Per-Pay Period Base Salary |
---|---|
All Eligible Groups Other Than Full-Time Faculty Coverage | $0.6462 |
Flexible Spending Account
Benefit | Bi-Weekly Contribution | Monthly Contribution |
---|---|---|
Health Care Account Minimum annual pledge of $200 | $7.69 Employee Minimum* | $16.67 Employee Minimum |
Dependent Day Care Account Minimum annual pledge of $200 | $7.69 Employee Minimum* | $16.67 Employee Minimum |
*Maximum estimated amounts are based on 27 (biweekly) & 12 (monthly) pay periods.
Health Savings Account**
Benefit | Bi-Weekly Contribution | Monthly Contribution |
---|---|---|
Individual Coverage in Choice Plan | $38.46 University* | $83.33 University* |
Family Coverage in Choice Plan | $76.92 University* | $166.66 University* |
*Maximum estimated amounts are based on 26 (biweekly) & 12 (monthly) pay periods.
Additional $1,000 Catch-Up if over 55