Insurance
Planning for life's uncertainties.
- Term Life Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Employee cost: $0Life insurance benefit: the amount of the employee’s annual, regular pay, rounded up to the nearest $1,000 and not to exceed $150,000.
Accelerated death benefit: an employee who is terminally ill and meets eligibility requirements while insured by the plan may request advance payment of up to 50% of the life insurance benefit.
Benefit amounts are reduced upon reaching age 65. The life insurance policy may be portable upon an employee’s separation from employment, at the rate determined by the carrier at that time.
Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.com - Accidental Death & Dismemberment ("AD&D") Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Employee cost: $0Accidental death benefit: the amount of the employee’s annual, regular pay, rounded up to the nearest $1,000. Should an employee die while in a private passenger vehicle, an additional 10% seatbelt benefit (capped at $25,000) and/or a 5% airbag benefit (capped at $5,000) may be paid.
Education benefit: up to $24,000 if applicable.
Accidental dismemberment benefit: varies based on circumstances.
Benefit amounts are reduced upon reaching age 65. The AD&D policy may be portable upon an employee’s separation from employment at the rate determined by the carrier at that time.
Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.com - Voluntary Life and/or AD&D Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Enrollment: within 30 days of start date or during annual open enrollment
Employee cost: full cost of selected coverageIn addition to the University-sponsored life and AD&D policy, an employee may elect to purchase additional life and/or AD&D coverage.
Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.com - Voluntary Critical Illness Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Enrollment: within 30 days of start date or during annual open enrollment
Employee cost: full cost of selected coverageCritical Illness Insurance provides a lump sum payment in the event that an insured suffers a critical illness, such as heart attack, stroke, cancer, or other covered illness. Employees may choose from between two benefit amounts, which may be used to pay medical bills that are not be covered by medical insurance or the insured's daily living expenses. No medical exams or health questions are needed to enroll, and the policy is portable in the event that the insured separates from employment.
Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.com - Voluntary Hospital Indemnity Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Enrollment: within 30 days of start date or during annual open enrollment
Employee cost: full cost of selected coverageHospital Indemnity Insurance provides a lump sum payment in the event an insured is admitted to the hospital. Benefit amounts include a flat fee for the day of admission and a per diem for each day thereafter. No medical exams or health questions are needed to enroll, and the policy is portable in the event that the insured separates from employment.
Plan Option Monthly premium Employee $ 20.23 Employee + Spouse $ 39.74 Employee + Child(ren) $ 31.65 Employee + Family $ 51.16 Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.comNew accordion content - Voluntary Accident Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Enrollment: within 30 days of start date or during annual open enrollment
Employee cost: full cost of selected coverageAccident Insurance provides a lump sum benefit amount that results from a covered accident or illness and depends on the type of injuries suffered, such as fractures, burns, and concussions. No medical exams or health questions are needed to enroll, and the policy is portable in the event that the insured separates from employment.
Plan Option Monthly Premium Employee $ 10.75 Employee + Spouse $ 21.13 Employee + Child(ren) $ 25.34 Employee + Family $ 29.93 Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.comNew accordion content - Long-Term Disability Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: first day of the month coinciding with or following enrollment
Employee cost: $0Long-term disability benefits: monthly income totaling 60% of the employee’s regular monthly pay. The maximum monthly payment is calculated by combining any income benefit received from Social Security, Worker’s Compensation, or any other group benefit plan and may not exceed $6,000 per month.
Additional benefits: rehabilitation and return to work assistance, dependent care expense benefit, and lump sum benefit equal to 3 months of gross disability payment upon meeting eligibility requirements.
Retirement contribution benefit: if eligible, the benefit will equal the University’s TIAA contribution rate, plus the employee’s TIAA contribution rate base on the amount of the employee’s last regular pay. If the employee had been making any voluntary contributions to TIAA, those contributions will cease.
The elimination period is 180 days, and benefits are reduced at age 62.
Contact Information
Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166
www.metlife.com - Travel Accident Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk) between the ages of 18-70
Effective date: first day of the month after the employee’s first full month of continuous employment
Employee cost: $0In the event of death or accidental dismemberment while traveling off campus for University-related business, a benefit of up to $100,000 will be paid.
- International Travel Insurance
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Eligible employees: full-time or part-time (at least 30 hrs/wk)
Effective date: upon hire
Employee cost: $0Employees who travel internationally and within the coverage territory for University-related business will have coverage for medical, personal, travel, and security assistance, including evacuation and repatriation of remains. Please visit the Human Resources Office before traveling internationally.
This website is for informational purposes only and contains a summary of the financial benefits and programs available to eligible employees. The information on this webpage does not create any right to participate in or utilize any identified benefit. Muskingum University may add to, change, or revoke any portion of its benefit program at any time and in its sole discretion.