Anthem Health Insurance and Voluntary Dental Plan
Anthem provides health care coverage for more than 2 million Virginians, which include many of the university's employees. There are three plans offered for your health care needs, all of which include vision and prescription drug benefits.
Key Care
This plan is Anthem's preferred provider organization. Patients select their own hospitals and doctors, either from inside or outside the plan. The benefit cost can be either in the form of co-insurance and/or co-payment, depending on the services needed. This plan also provides a limit on out-of-pocket expenses.
Blue Care
This plan is Anthem's traditional fee-for-service health insurance. Members pay a deductible or a flat dollar amount for services such as a doctor's visit or a hospital stay. Typically you pay a 20% co-insurance for all your medical needs with a reasonable out-of-pocket limit.
Healthkeepers
This Plan is Anthem's health maintenance organization, (HMO). This type of health care network provides a wide range of health care services with fixed co-payments and predictable out-of-pocket expenses.
ANTHEM Voluntary Dental Plan
This plan offers reasonable dental coverage for the university's employees and their families. A wide range of covered dental services is offered such as diagnostic and preventive services, basic dental services and major services.
Contact Information
http://www.anthem.com
Corporate Headquarters | 2015 Staples Mill Road | Richmond, VA 23230
800.451.1527 | 800.421.1880 (HMO) | 800.438.1740 (Dental)
Fort Dearborn Life Insurance
Group Life Benefits
Fort Dearborn offers group life insurance for employees enrolled in the university's group medical program. Basic Life and AD & D benefits are provided in the amount of $20,000.00 each. The cost of insurance is paid 100% by the university.
Contact Information
http://www.fdl-life.com
Fort Dearborn Life Insurance | 300 East Randolph Street | Chicago, Illinois 60601 | 800-348-4512
Colonial Life & Accident Insurance
Accident, Disability, Accidental Death and Dismemberment
Colonial Life and Accident Insurance Company offers supplemental insurance for employees while at their worksite. In partnership with Hampton University, this company mainly provides disability, accidental death and dismemberment benefits. Colonial Life provides the following benefits:
Benefits for Covered Injuries
Burns, Lacerations, Injuries requiring surgery, Complete fractures, and Complete dislocations
Death Benefits
- Accidental death, Accidental death caused by car accidents, Accidental death while traveling
- Death which occurs while you are paying a fare and riding anywhere in the world on a plan, train, boat or ship
Dismemberment Benefits
- Loss of finger/toe
- Loss of hand/foot or sight of an eye
- Single Loss or Double Loss
Medical benefits while hospitalized
- Benefits for services
- Ambulance
- Appliances
Supplemental Short-Term Disability
Forty (40%) of salary with seven day elimination period.
Contact Information
http://www.unumprovident.com
Colonial Life and Accident Insurance
Northeastern Sales Office | 20 Valley Stream Parkway | Suite 300 | Malvern, PA 19355
610.640.4224 | 800.370.1992 | 800.880.9325(fax)
UNUM Long Term & Short Term Disability
UNUM's Long Term and Short Term Disability Income Protection Insurance replace a portion of your income if you are unable to work due to an injury or sickness. This means you can have money coming in when you and your family need it most. In today's fast paced society, one is likely to suffer a disability that could hamper his or her ability to earn a living. Through the university, you are offered short term and long term disability at a reasonable rate that could be beneficial in the event you become disabled.
Long Term Disability
You are eligible for long-term disability if you are a full-time active employee working a minimum of 30 hours per week. Monthly long term disability benefits are provided at 60% of your basic monthly earnings not to exceed $5,000.00. Long term coverage can be payable up to the age of 65, but not less than 5 years.
Short Term Disability
You are eligible for short-term disability if you are a full-time active employee working a minimum of 20 hours or more per week. Benefits are provided at 60% of your basic weekly earnings, to a maximum of $500.00 per week. Benefits are payable up to 13 weeks.
UNUM Life Insurance
UNUM provides life insurance coverage for your beneficiary(ies) by paying a benefit in the event of your demise. The amount of benefit is made available up to $500,000. Premiums are offered at a reasonable group rate. You may seek coverage if you are working at least 20 hours per week.
UNUM AD & D Coverage
This accidental death and dismemberment insurance plan provides financial protection for your beneficiary(ies) by paying a benefit in the event of your death or for you and your dependents in the event of any other covered loss. The amount of benefit is made available up to $500,000. In addition, you can receive other various benefits that fall under the AD & D coverage. These benefits are as follows:
- Repatriation Benefit
- Seatbelts and Air Bag Benefit
- Education Benefit
Contact Information
Richmond Sales Office | 4801 Cox Road | Suite 102 | Glen Allen, VA 23060 | 800.336.3969
AFLAC (American Family Life Assurance Company)
Cancer Treatment Insurance
Hospital Intensive Care Insurance
This coverage is provided if you or a dependent requires confinement in an intensive care unit. Sometimes, health insurance coverage may not cover 100% of the expenses associated with the stay. Typically, coverage is provided for confinement up to 15 days. Other benefits that are provided are as follows:
- Daily Sub-Acute Intensive Care
- Human Organ Transplant Benefit
- Ambulance Benefit
Intensive Care and Cancer Treatment
The cost of cancer treatment carries a hefty price that all health insurance companies may not be willing to pay. In many cases, large deductibles going upward to $1,000.00 must be paid before coverage kicks in. Once the deductibles have been reached, you can still be responsible for 10% or 20% of the bill, depending on what your out-of-pocket limitations may be. With this plan, you can have peace of mind in the vent that you are diagnosed with cancer. According to the American Cancer Society, about 1,228,600 new cancer cases are expected to be diagnosed this year. Being prepared can be of utmost assistance to you, especially if you have a family history of cancer. The benefits offered are as follows:
- Hospital Confinement Benefit (for cancer treatment)
- Radiation and Chemotherapy Benefit
- Experimental Treatment Benefit
- Anti-Nausea Benefit
- Nursing Services Benefit
Contact Information
http://www.aflac.com
AFLAC Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999 | 800.99.AFLAC
TIAA-CREF Retirement Planning
(Teachers Insurance and Annuity Association College Retirement Equities Fund)
More and more people are finding that Social Security income alone will not be enough to maintain their present lifestyles. Many have been forced to return to the workforce after reaching age 65 due to insufficient income. You can plan for your retirement by establishing a 403(b) deferred retirement plan. This plan is available to employees of qualifying hospitals, educational institutions, such as Hampton University, and many not-for-profit organizations. With a 403(b), you can:
- Start investing regularly for your retirement.
- Reduce your gross taxable income by the contributions you make.
- Watch your money grow on a tax-deferred basis.
- Begin contributing through the convenience of automatic payroll deduction through the university.
The university offers its retirement plan through TIAA-CREF, with supplemental plans through TIAA-CREF and Lincoln National Life.
TIAA-CREF Voluntary Retirement Planning
RA (Retirement Annuities)
Eligible employees may begin contributions to their retirement plan after two years of consecutive service. Upon two years of consecutive service the university will contribute 2.5% of your base annual salary to your noncashable retirement account. If you contribute 5%, the university will match that contribution at 5%.
SRA (Supplemental Retirement Annuities)
Eligible employees may begin contributions upon hire. This plan is ineligible for university contributions. Funds accumulated in the supplemental plan may be withdrawn or borrowed against before the employee reaches 59.5 and/or separates from the university.
Contact Information
http://www.tiaa-cref.com
TIAA-CREF | Mid Atlantic South Region | 555 Twelfth St., NW | Suite 700 South | Washington, DC 20004 | 800.842.2008
Lincoln National Life Company
Voluntary Retirement Planning
Lincoln National Life offers two types of 403(b) Employer Sponsored Retirement Plans.
Variable Annuity
You can choose one or more of 23 investment options to create a portfolio representing a number of asset classes and investment management styles. As your financial situation changes, you also can change the combination of options to better meet your specific financial needs at the time. The 23 different investment options give you access to fourteen of the nation's top investment managers, which offer a variety of investment strategies and styles.
Fixed Annuity
Fixed annuity allows you to accumulate monies and defer taxes on contributions and interest earnings. Your money is not taxed until you withdraw it or choose to take benefit payments. Contributions to a fixed annuity are fully protected and guaranteed by Lincoln Life. There are no annual administrative fees, and a competitive interest rate is credited to your account and compounded daily. An Annual Guaranteed Rate is set for each calendar year. The rate credited to your account will not fall below the Annual Guaranteed Rate.
Contact Information
http://www.lincolnlife.com
Lincoln National Life | 1300 South Clinton Street | Fort Wayne, IN 46802 | 800.454.6265
MetLife
Life Insurance
For over 130 years, MetLife has provided its customers with a variety of competitive insurance policies and world-class service. Payroll deduction is available for MetLife's individual life products. The following life insurance policies are offered:
- Term Life - This is temporary insurance for a limited time period that is payable only if the insured dies during the specified period.
- Whole Life - This is permanent insurance that builds a cash value and can be borrowed against.
- Universal Life - This is a flexible premium permanent insurance with death benefit guaranteed and investment opportunities.
Contact Information
http://www.metlife.com
Metropolitan Life Insurance | 1 Madison Avenue | NY, NY 10010 | 1.800.METLIFE
