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Health Insurance
Employees may select from four types of health plans to best meet
their individual and family needs.
What
is BlueCare (HMO) HMO
High & HMO
Low
What
is Blue Choice (PPO) PPO
High & PPO
Low
Life Insurance
StetsonUniversity
sponsors a Group Term Life Insurance Plan and Accidental Death & Dismemberment
Policy for full-time employees. The
Insurance is at no cost to the employee and is provided in an amount equal to
an employee’s gross base annual salary rounded up to the nearest $1,000
increment. The minimum policy equals $20,000 and the
maximum policy equals $50,000.
Supplemental Insurance
Employees also have the option to
purchase additional voluntary and dependent term life insurance through the
same provider. All full-time employees are eligible to participate in this
plan. The employee is responsible for 100 percent of this optional premium.
The voluntary life insurance must be purchased in increments of $10,000 up to
five times annual base salary up to a maximum of $350,000, whichever is lower.
Reimbursement Accounts
Flexible spending accounts (FSAs)
help you save money by allowing you to set aside part of your salary on a
pre-tax basis to pay for health care and/or day care expenses. Pre-tax means
the money is deducted from your paycheck before taxes are calculated. As a
result, you never pay taxes on this money, which saves you money on taxes
today. It also lowers your taxable income, which means you pay less in taxes
at the end of the year.
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