If you are eligible for the employee medical, dental, and life and LTD insurances, then you are eligible to apply for the auto/home insurance.
Automobile or Homeowners Insurance is available through payroll deduction with a state selected vendor, Liberty Mutual, 1-800-319-6523 . If you are on an academic year appointment, or go on leave without pay, you must take premium payments directly to vendo.
Long-term care refers to a broad range of medical, personal, and social services provided to those unable to care for themselves over a relatively long period of time.
You are eligible to apply for LTC insurance if you are:
Premiums are specific to the individual and are determined by age, plan and options chosen. To obtain premium information go online to: John Hancock (User ID: pebbltc / Password: jhancock) or call 1-800-399-7271
Premiums are payable monthly by check to John Hancock or by monthly automatic bank withdrawal. Payroll deduction is not a payment option at this time.
Dependent Care Assistance Program
The Dependent Care Assistance Program (DCAP) is a plan that saves you money by allowing you to set aside pre-tax funds into a spending account to pay for allowable child or elder care (e.g. babysitting, daycare, in-home care for an older dependent incapable of self-care).
Flexible Spending Account
The Flexible Spending Account (FSA or Health Care Reimbursement Account) is a program that allows you to use pre-tax money to pay for certain medical expenses. Enrolling in the FSA can lead to savings of up to 40% on each dollar that is set aside.
Retiree Medical Spending Account (VEBA)
Upon retirement, 25% of cashed-out sick leave is placed into a health reimbursement account, which is a plan that reimburses out-of-pocket health care costs incurred by you, your spouse, and qualified dependents. All contributions, investment earnings, and withdrawals (claims) are tax-free!