This Brochure Provides a Summary of Grinnell College's Benefits Plans
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This brochure provides a summary of Grinnell Holidays (nine) Optional Vision Insurance College’s benefits plans. New Year’s Day Eligible August 1 Martin Luther King Jr. Day* Exams covered in full every 12 months Please address any questions to the Office of Memorial Day Prescription lenses for single vision, lined Human Resources at 641-269-4818 or Independence Day bifocal or trifocals covered in full every 12 [email protected]: Labor Day* months Thanksgiving Day Covers one set of frames every 24 months up Jana Johnson, Day after Thanksgiving Day to $150, plus 20% off additional out of pocket Associate Director of Human Resources Day before Christmas Day expense [email protected] Christmas Day 20% off additional prescription glasses and *Classes are held, administrative offices are sunglasses Stacy Koehler, closed Contacts covered up to $120 every 12 months Associate Director of Human Resources Employee pays 100% of premium [email protected] Health Insurance Eligible August 1 Flexible Spending Accounts Jim Mulholland, Administered by Blue Cross/Blue Shield Eligible the first of the month following first day Director of Compensation & Assistant Treasurer $250/$750 deductible, $1,000/$2,300 OPM of employment, or coinciding with first day of [email protected] (out of pocket maximum) employment if on the first of the month - 80/20 co-insurance for Preferred Provider Medical reimbursement account - $2,500 pre- - 70/30 co-insurance out of network tax contribution limit The information provided in this brochure is only a Drug card program, $1,000/$2,000 OPM Dependent daycare reimbursement account - summary. Insured benefits are governed by the - generic: $10 or 10% co-pay* $5,000 pre-tax contribution limit detailed language in the insurance contracts and - brand: $20 or 20% co-pay* Summary Plan Descriptions. Uninsured benefits *whichever is greater Life Insurance are governed by the detailed language in the - $100 deductible for brand name only Eligible August 1 employee handbooks. Grinnell College reserves College currently pays 90% of employee only One and one-half times annual salary or the right to add, change, or terminate any and 80% of employee and dependant(s) $20,000, whichever is greater provisions addressed in this summary statement. premium cost College currently pays entire cost Alternative coverage options available for individual, spouse, and children Optional Supplemental Life Insurance Eligible August 1 Dental Insurance Guarantee issue if enrolled w/in first 30 days Eligible August 1 of employment: $200,000 employee, $50,000 Administered by Delta Dental of Iowa spouse, $5,000 or $10,000 child(ren) 100% coverage, preventive and diagnostic Employee coverage available up to the lesser $50 annual deductible, basic and major of five times salary or $500,000, spousal procedures coverage available up to one half of - 80/20 co-insurance for basic procedures employees insured amount. - 50/50 co-insurance for major procedures Employee currently pays entire cost $1,500 per person calendar year benefit Orthodontia for dependent children; lifetime Long-Term Disability Insurance maximum $1,500 per child Eligible after one year of employment or College currently pays 90% of employee only August 1 if enrolled in a plan immediately and 80% of employee and dependant(s) prior to coming to Grinnell premium cost Written verification from previous employer Coverage options for individual plus one or required more dependants available Six-month elimination period Updated 11/18/13 Office of Human Resources Monthly income protection for total disability Benefit equals 66-2/3% of monthly salary up Faculty member and spouse may take to $22,500 with maximum monthly benefit not courses free at Grinnell College; limited to two to exceed $15,000 courses per semester; approval of registrar Continues college’s retirement plan required; course must have space available contribution Cash scholarship award of $3,500 per year College currently pays entire cost (per child) while attending other accredited institution under eligibility requirements above Travel/Accident Insurance Maximum of a 4 year benefit per child Eligible August 1 for college travel Exchange program with Associated Colleges Provides minimum benefit of $100,000 of the Midwest (ACM) and Great Lakes coverage or two times annual salary College Association (GLCA) schools; same College currently pays entire cost eligibility rules as at Grinnell College May be extended to 24-hour coverage at employees expense ACM Schools GLCA Schools Beloit College Albion College Retirement Plan Coe College Antioch University Colorado College Denison University Eligible after one year of employment or the Cornell College DePauw University first plan entry date if previously fully vested in Knox College Earlham College BENEFITS an employer sponsored retirement plan Lake Forest College Hope College Written verification from previous employer Lawrence University Kalamazoo College required Luther College Kenyon College Administered by TIAA/CREF Macalester College Oberlin College Must work 1,000 hours per calendar year Monmouth College Ohio Wesleyan University Ripon College Wabash College College contributes 10% of annual actual SUMMARY salary Willamette University Wittenberg University Faculty member directs investment of college The College of Wooster contribution FACULTY MEMBERS Faculty member is eligible to participate in Relocation Allowance voluntary tax sheltered supplemental Grinnell College offers a relocation allowance for retirement annuity (SRA) upon hire faculty members who must relocate to accept our employment offer. The allowance amount will be Employee Assistance Program included in your offer letter. Grinnell currently has Eligible August 1 a contract with Bekins Van Lines (Randy Administered by Employee & Family Stannard, 319-351-1552), which guarantees a Resources significant discount on the ICC tariff rates and free Five counseling sessions per individual, per insurance of up to $50,000 for the items moved. issue, per calendar year at no cost We have arranged for direct billing of allowable College currently pays entire cost relocation expenses to the college once we have Additional sessions may be covered by health provided written authorization to Bekins. insurance Other Benefits Educational Benefits Free admission to most college events for Tuition remission (90%) to Grinnell College employees and family for dependent children of faculty members; Free use of Bear Recreation and Athletic Center children must qualify for admission; faculty 10% discount at the bookstore on most items member must have been employed full-time by the college for two years .