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Benefits Insurance Premiums
Medical
Premiums for Fayetteville, Auxiliary, CJI, and System Office
Medical Premiums for AGRI and ARCH
Survey
Life Premiums
LTD Premiums
AD&D Premiums
Dental
Vision
Medical Premiums for Fayetteville, Auxiliary, CJI, and System Office
|
Premiums Effective |
CLASSIC |
POINTOF SERVICE |
POINT OF SERVICE ALTERNATE PLAN |
|
July 1, 2008 |
12-Month |
9-Month* |
12-Month |
9-Month* |
12-Month |
9-Month* |
|
100% Appointed |
|
|
|
|
|
|
|
Employee Only |
$63.59 |
$84.79 |
$99.10 |
$132.13 |
$113.74 |
$151.66 |
|
Employee & Spouse |
$142.96 |
$190.62 |
$222.75 |
$297.00 |
$255.70 |
$340.93 |
|
Employee & Child(ren) |
$112.38 |
$149.83 |
$175.10 |
$233.47 |
$200.97 |
$267.96 |
|
Family |
$191.76 |
$255.68 |
$298.79 |
$398.38 |
$342.95 |
$457.26 |
|
75-99% Appointed |
|
|
|
|
|
|
|
Employee Only |
$97.36 |
$129.81 |
$136.27 |
$181.69 |
$156.41 |
$208.54 |
|
Employee & Spouse |
$218.86 |
$291.82 |
$306.30 |
$408.41 |
$351.62 |
$468.82 |
|
Employee & Child(ren) |
$172.04 |
$229.38 |
$240.78 |
$321.05 |
$276.36 |
$368.48 |
|
Family |
$293.56 |
$391.42 |
$410.87 |
$547.82 |
$471.59 |
$628.79 |
|
66-74% Appointed |
|
|
|
|
|
|
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Employee Only |
$108.61 |
$144.82 |
$148.65 |
$198.20 |
$170.62 |
$227.49 |
|
Employee & Spouse |
$244.17 |
$325.56 |
$334.14 |
$445.51 |
$383.56 |
$511.42 |
|
Employee & Child(ren) |
$191.93 |
$255.91 |
$262.66 |
$350.22 |
$301.47 |
$401.95 |
|
Family |
$327.51 |
$436.67 |
$448.20 |
$597.59 |
$514.44 |
$685.92 |
|
50-65% Appointed |
|
|
|
|
|
|
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Employee Only |
$131.13 |
$174.84 |
$173.41 |
$231.22 |
$199.04 |
$265.38 |
|
Employee & Spouse |
$294.79 |
$393.05 |
$389.79 |
$519.72 |
$447.45 |
$596.60 |
|
Employee & Child(ren) |
$231.72 |
$308.96 |
$306.41 |
$408.55 |
$351.68 |
$468.90 |
|
Family |
$395.41 |
$527.21 |
$522.85 |
$697.13 |
$600.12 |
$800.17 |
Medical Premiums for AGRI
|
Premiums Effective |
CLASSIC |
POINTOF SERVICE |
POINT OF SERVICE ALTERNATE PLAN |
|
July 1, 2008 |
12-Month |
9-Month* |
12-Month |
9-Month* |
12-Month |
9-Month* |
|
100% Appointed |
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|
|
|
|
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Employee Only |
$67.90 |
$90.53 |
$96.21 |
$128.28 |
$110.43 |
$147.23 |
|
Employee & Spouse |
$152.64 |
$203.52 |
$216.26 |
$288.34 |
$248.25 |
$331.00 |
|
Employee & Child(ren) |
$119.98 |
$159.97 |
$170.00 |
$226.66 |
$195.11 |
$260.15 |
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Family |
$204.73 |
$272.98 |
$290.08 |
$386.77 |
$332.95 |
$443.93 |
|
75-99% Appointed |
|
|
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|
|
|
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Employee Only |
$103.98 |
$138.64 |
$132.30 |
$176.40 |
$151.85 |
$220.86 |
|
Employee & Spouse |
$233.75 |
$311.67 |
$297.38 |
$396.51 |
$341.37 |
$455.17 |
|
Employee & Child(ren) |
$183.74 |
$244.99 |
$233.77 |
$311.69 |
$268.31 |
$357.74 |
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Family |
$313.54 |
$418.05 |
$398.90 |
$531.86 |
$457.86 |
$610.47 |
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66-74% Appointed |
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|
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Employee Only |
$116.01 |
$154.68 |
$144.32 |
$192.43 |
$165.65 |
$220.86 |
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Employee & Spouse |
$260.80 |
$347.73 |
$324.40 |
$432.54 |
$372.39 |
$496.52 |
|
Employee & Child(ren) |
$205.00 |
$273.33 |
$255.01 |
$340.01 |
$292.68 |
$390.25 |
|
Family |
$349.81 |
$466.42 |
$435.14 |
$580.19 |
$499.45 |
$665.94 |
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50-65% Appointed |
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|
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Employee Only |
$140.05 |
$186.73 |
$168.36 |
$224.48 |
$193.23 |
$257.65 |
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Employee & Spouse |
$314.84 |
$419.79 |
$378.43 |
$504.57 |
$434.40 |
$579.21 |
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Employee & Child(ren) |
$247.48 |
$329.97 |
$297.48 |
$396.64 |
$341.43 |
$455.23 |
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Family |
$422.30 |
$563.07 |
$507.61 |
$676.81 |
$582.63 |
$776.84 |
*9-Month Premiums. Faculty on a 9-month appointment and staff members paying
benefits over 9 months pay an additional premium September thorugh May to prepay
for the following June, July, and August. These 9-month premiums are calculated
assuming that the premiums will begin in September and will remain unchanged for
a 12 month period (through the following August). Faculty/staff paying with
9-month premiums enrolling in coverage or making changes to their premiums
October or later will have to pay an extra premium thorugh the following May to
assure that sufficient premiums will be collected to pre-pay for the following
summer.
Life Premiums
Premiums Effective
January 1, 2007
|
12-Month
|
9-Month
|
|
Basic Life Insurance |
|
Covers the first $50,000 of salary only. |
No Charge |
No Charge |
|
Optional Life Insurance |
|
Age
Less than 25
25 but < 30
30 but < 35
35 but < 40
40 but < 45
45 but < 50
50 but < 55
55 but < 60
60 but < 65
65 but < 70
70 & older
|
$0.05
$0.06
$0.08
$0.09
$0.11
$0.15
$0.28
$0.48
$0.75
$1.41
$2.29
|
$0.07
$0.08
$0.11
$0.12
$0.15
$0.20
$0.37
$0.64
$1.00
$1.88
$3.05
|
Use the formula below to calculate your monthly costs for the optional life insurance:
(Coverage Amount) divided by 1,000 X (Rate from chart)
= (Monthly premium)
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May be purchased in amounts equal to 1X, 2X, 3X, or 4X your annual salary. Maximum
coverage amount is $500,000 and coverage should be rounded up to even $1,000 (e.g.,
31,200 rounds to 32,000). |
|
Dependent Life Insurance |
|
Coverage
$10,000
$15,000
$20,000
Dependent children covered at 50% of coverage amount.
|
$2.71
$4.09
$7.23
|
$3.61
$5.45
$7.23
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A dependent or family member does not include any person who is also a benefits
eligible employee of the University of Arkansas. If both you and your spouse are
employees, your dependent children may be insured by either of you but not both. |
LTD Premiums
Premiums Effective
January 1, 2007
|
12-Month
|
9-Month
|
|
Basic Long Term Disability |
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Covers the first $20,000 of salary only. |
No Charge |
No Charge |
|
Optional Long Term Disability |
|
Rate |
$0.0004750
|
$0.0006333
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Use the formula below to calculate your monthly costs for LTD:
( (Annual Salary) - $20,000 ) X (Rate from chart)
= (Monthly premium)
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Enroll only if salary is over $20,000 per year.
Maximum salary to be used in calculation is $100,000.
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AD&D Premiums
Premiums Effective
January 1, 2002
|
12-Month
|
9-Month
|
|
Single |
Family |
Single |
Family |
|
Coverage
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
|
$0.75
$1.50
$2.25
$3.00
$3.75
$4.50
$5.25
$6.00
$6.75
$7.50
$8.25
$9.00
|
$1.25
$2.50
$3.75
$5.00
$6.25
$7.50
$8.75
$10.00
$11.25
$12.50
$13.75
$15.00
|
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
$11.00
$12.00
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$1.67
$3.33
$5.00
$6.67
$8.33
$10.00
$11.67
$13.33
$15.00
$16.67
$18.33
$20.00
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If you enroll in family coverage, your spouse will be covered for 60% and your children
will be covered for 20% of the coverage amount. Coverage in excess of $150,000 is
limited to the lesser of $300,000 or 15 times your annual salary. |
Vision Premiums
Premiums Effective
April 1, 2008
|
12-Month
|
9-Month
|
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Employee Only
Employee and Spouse
Employee and Child
Employee and Family
|
$5.66
$11.22
$10.98
$16.70
|
$7.56
$14.96
$14.64
$22.27
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Dental Premiums
| Premiums Effective 7/1/2009 | 12-Month | 9-Month* |
|---|
| 100% Appointed | | |
|---|
| Employee Only | $15.09 | $20.12 |
| Employee & Spouse | $31.06 | $41.42 |
| Employee & Child(ren) | $26.25 | $35.00 |
| Employee, Spouse & Child(ren) | $42.25 | $56.33 |
| 75-99% Appointed | | |
|---|
| Employee Only | $18.71 | $24.95 |
| Employee & Spouse | $38.52 | $51.36 |
| Employee & Child(ren) | $32.55 | $43.40 |
| Employee, Spouse & Child(ren) | $52.39 | $69.86 |
| 66-74% Appointed | | |
|---|
| Employee Only | $20.22 | $26.96 |
| Employee & Spouse | $41.63 | $55.50 |
| Employee & Child(ren) | $35.17 | $46.90 |
| Employee, Spouse & Child(ren) | $56.61 | $75.49 |
| 50-65% Appointed | | |
|---|
| Employee Only | $22.63 | $30.18 |
| Employee & Spouse | $46.60 | $62.13 |
| Employee & Child(ren) | $39.37 | $52.50 |
| Employee, Spouse & Child(ren) | $63.37 | $84.50 |
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