7.2 INSURANCE
PROVISIONS
7.2.1 Medical
Insurance
7.2.1.1 Single
Coverage
Full-time and reduced-load
faculty members with a load of at least 50% are eligible for medical insurance,
including prescription and dental coverage. Coverage for new faculty begins
at the first day of September. If a faculty member begins mid-year, coverage
begins on the first day of employment. All employees covered by health
insurance are required to contribute a portion of the cost of the premium.
This amount is automatically deducted from the paycheck with pre-tax dollars
unless the employee notifies Calvin not to deduct on a pre-tax basis.
Persons on reduced-load appointments pay an increased premium share based
on their less-than-full-time load.
7.2.1.2 Family
Coverage
If an employee is
financial-head-of-household, dependents may also be covered under Calvin's
health insurance program. The cost is covered in the same way as for individual
coverage, as outlined above. Since opinions vary as to what constitutes
financial-head-of-household, Calvin operates under the definition as stated
in the Federal Tax Code:
Someone maintains
a household only if s/he furnishes more than one-half the cost of maintaining
the home during the tax year. The cost of maintaining a household includes
the expenses incurred for the mutual benefit of the occupants by reason
of its use as the principle place of abode of those occupants. These
expenses include property taxes, mortgage interest, rent, utilities,
upkeep-repairs, property insurance, domestic help, and food consumed
on the premise.
If a spouse's income
is used to maintain more than half of household expenses, the employee
is eligible for single coverage only. If the employee is not financial-head-of-household,
s/he may still purchase the coverage and pay the difference between the
cost of single and double/family coverage. We are confident that each
employee will be truthful about this requirement. The difference in cost
to Calvin is significant.
If an employee's
status changes from single to married, or if an employee becomes a parent,
it is up to the employee to notify Human Resources of this change in status.
Procedures must be followed to implement a change in type of coverage,
and this is the employee's responsibility. Calvin is not responsible if
coverage changes are not initiated by the employee.
7.2.1.3 Open Enrollment
January 1 has been
established as the open enrollment date. Prior to this time an opportunity
is provided for employees to switch from one health plan to another. At
the time of initial employment, and annually thereafter in November or
December, detailed information about each of the health plans is distributed
to all employees.
7.2.2 Life Insurance
Calvin provides each
faculty member who teaches 3/8ths time or more with life insurance in an
amount equal to twice their annual salary with a maximum of $100,000.
The policy includes a $4000 benefit for spouses and a $2000 benefit for
dependent children. Faculty members are enrolled immediately, with Calvin
paying the entire premium.
7.2.3 Long-term
Disability Insurance
All faculty who teach
1/2 time or more are enrolled in a long-term disability insurance program
effective on the first day of the calendar month following 30 days of
employment. The payment of benefits begins six months after the total
disability begins and continues to age 65. The plan pays 60% of monthly
salary, reduced by the amount of any Social Security disability benefits
received. The total monthly benefit, including any Social Security payments,
may not exceed $7500. Additionally, if the employee is participating in
the TIAA-CREF retirement program, the disability plan will continue Calvin's
pension contribution at the full salary amount.
Enrollment in this
program is automatic. Further information is available from Human Resources.
7.2.4 Workers'
Compensation
Calvin is obligated
by law to provide workers' compensation insurance for all employees. Work-related
injuries must be reported immediately to the Office of Environmental Health
and Safety (EHOS) and Human Resources. Report forms can be obtained from
EHOS or Human Resources and must be filled out and filed with Human Resources.
