Normally our Winter Break begins on December 24th and...
New Benefit Provider
Over the last several months we have been exploring different options for enhancing the employee benefit programs. We have identified an excellent opportunity to increase the maximum values for the employee life insurance by $50,000 to $225,000 and accidental death and dismemberment (AD&D) insurance by $125,000 to $225,000. Washington & Jefferson College is pleased to announce that we have selected USAble/Highmark as our new life insurance, AD&D and long-term disability administrator effective September 1st. This move will help advance the College’s goals of maintaining high quality benefits for employees and effectively managing costs. These benefits are fully funded by the College and are available to all fulltime employees.
What does this mean for you?
Starting September 1st, all fulltime employees will see an enhancement in the following benefits:
• Life Insurance maximum value will increase from $175,000 to $225,000
• Accidental Death and Dismemberment (AD&D) maximum value will increase from $100,000 to $225,000
• The Long-term Disability benefit will continue to be 66.7% of salary to a maximum of $10,500/month
Please note your life insurance and AD&D values are based on multiples of your age and salary. Your benefit value can be determined by utilizing the same schedule as before:
Under age 35: Four times Earnings
Age 35 - 39: Three and one-half times Earnings
Age 40 - 54: Three times Earnings
Age 55 - 59: Two and one-half times Earnings
Age 60 - 64: Two times Earnings
Age 65 - 69: One and one-half times Earnings
Over age 70: One times Earnings
No action is necessary by the employee. The enrollments will rollover seamlessly.
If you are interested in learning more about the benefits and the new provider USAble/Highmark, please register to attend one of the educational sessions on September 18th in the Media room. The sessions will be held at 1pm and 2:30pm and will span approximately 1 hour each.
If you are interested in attending one of the educational sessions, please register at: https://washjeff.co1.qualtrics.com/SE/?SID=SV_2nk8SCXPL7XPE4l