UK Human Resources
What You Need to Know:
Voluntary benefits are available to UK employees through enrollment companies selected by the University. The enrollment company is responsible for administering the voluntary benefits, enrolling you into the voluntary benefit plans you choose, and assisting you with any questions or customer service issues that arise regarding the plans provided. The current voluntary benefits enrollment companies are The MPM Group, LLC and MetLife. The eligibility varies based on the voluntary benefit plan. In addition to eligibility details for each plan, employees must have sufficient earnings to make the necessary premium payments through payroll deduction.
Cancer/Disease Specified Insurance
Regular full-time or regular half-time employees are eligible for Cancer/Disease Specified Insurance. On-call pool nurses with benefits-purchase eligibility may also enroll in this voluntary benefit, which is offered through American Heritage Life Insurance Company.
This plan is designed to help offset the indirect expenses associated with cancer or the other 21 specified diseases covered. The plan pays benefits directly to the person covered. Premiums are paid on a pre-tax basis from your paycheck. Coverage is portable upon leaving the University.
Short-term Disability Insurance
Regular full-time or regular half-time employees are eligible. On-call pool nurses with benefits-purchase eligibility may also enroll in this voluntary benefit.
The short-term disability plan has two options. The first option pays benefits after you have been away from work for 14 days due to illness, injury or pregnancy. The second option pays benefits after you have been away from work for 30 days due to illness, injury or pregnancy. Both plans pay benefits for up to six months. You select the amount of your monthly short-term disability benefit at enrollment. The monthly benefit you select can be no more than 60% (up to $6,000 per month) of your monthly earnings. You should update your coverage amount each year during Open Enrollment. Premiums are deducted on a pre-tax basis, and coverage is portable.
Long-Term Care Insurance
Long-term care insurance provides financial support for services for individuals with a serious illness, disability, as well as for those unable to care for themselves. Covered services may include nursing home care, assisted living support, or home health care. You may purchase long-term care insurance for yourself, your spouse, your adult children as well as other immediate and extended family members. The application process is simple, and because premiums may be paid through payroll deduction, a premium discount is given to both covered employees and family members. Regular full-time or regular half-time employees are eligible.
Universal Life Insurance
Regular employees with an assignment of 50% or more (0.5 FTE) are eligible. On-call pool nurses with benefits-purchase eligibility may also enroll in this voluntary benefit. You may also purchase separate policies for your spouse and your children whether or not you elect coverage for yourself. The voluntary benefit is offered through American Heritage Life Insurance Company.
Universal life insurance offers these benefits:
- Portability: If you leave the University or retire, you may take your universal life insurance coverage with you.
- Cash Value: In addition to life insurance protection, universal life offers a cash value account. When you pay your premium, a portion of it goes to the cash value account and grows tax-deferred.
- Simplified Underwriting: Coverage is easier to obtain due to fewer health questions.
- Accelerated Benefits: If you or a covered dependent become terminally ill, a percentage of the death benefit may be received immediately.
This voluntary benefit is offered for eligible employees with a minimum 20% assignment (.2 FTE) and to retirees through MetLife Auto and Home and allows you to take advantage of special group rates, policy discounts and convenient payment options such as payroll deduction. Other payment options are available. Premium payments are spread over the policy term with no interest charges or service fees. You may enroll in this voluntary benefit anytime. Employees and retirees also may apply to receive insurance coverage for Renter's Property, Landlord's Rental Dwelling, Recreational Vehicle, Boat and Personal Excess Liability (umbrella). Employees and retirees should compare coverage available through MetLife to other options in the marketplace to determine what coverage and insurance provider best meets their individual needs.
You are eligible for this program if you have an active assignment. This voluntary benefit is offered through Veterinary Pet Insurance (VPI). Pet owners may visit any licensed veterinarian, veterinary specialist or animal hospital in the world for treatment of many medical problems. Optional coverage is available for routine and preventive care. Rates are based on the age, species of the pet and the plan type selected.
For more information on long-term care, universal life, short-term disability or cancer/specified disease insurance, you may contact The MPM Group, LLC at (859) 223-4973, or toll-free at (888) 388-1676 or visit www.thempmgroupllc.com.
For more information on auto and home or veterinary pet insurance, you may call 1-800-GET-MET8 (1-800-438-6388) or visit www.metlife.com/mybenefits.