Insurance
Health Insurance
Employees may select from four types of health plans to best meet their individual and family needs. The following documents will help employees make an informed decision:
- What is Blue Care (HMO)
- What is Blue Choice (PPO)
- HMO and PPO Side-by-Side Summary
- Summary of Benefits and Coverage: HMO
- Summary of Benefits and Coverage: PPO
Life Insurance
Stetson University sponsors a group term life insurance plan and accidental death and 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. Employees have the option to purchase additional voluntary life insurance at group rates.
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 one hundred 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.
Flexible Spending Accounts
Each calendar year, all full-time employees are eligible to participate in Stetson University's flexible spending accounts. Stetson University offers a medical/dental and childcare reimbursement account. Participation in flexible spending is designed to reduce the employee's taxable income reported to the IRS.