Life Insurance | Long Term Disability Insurance | Cafeteria Plan
Health Insurance | Dental Insurance | Vision Care Insurance
Life Insurance
Life insurance is provided at no cost to the employee and is effective on the first day of the month following enrollment by the employee. The amount of life insurance coverage is equal to one year’s salary rounded to the next higher thousand dollars plus $5,000. Also included is accidental death and dismemberment coverage, which provides an additional one year’s salary, rounded to the next higher thousand dollars, plus $5,000 in the event of death due to an accident. For additional information, please see section 5.24 in the Employee Handbook.
Long-Term Disability Insurance
Long-term disability coverage is provided at no cost to the employee and is effective on the first day of the month following employee enrollment. Benefits begin after an employee has been disabled for six months and provides up to 60% of salary per month (up to $7,500 per month), less any Social Security or pension payment, until age 65. For additional information, please see section 5.25 in the Employee Handbook.
Cafeteria Plan
Biola University has a cafeteria plan which, through payroll reduction, enables employees to "pre-tax" any premiums that employees must pay for insurance coverage such as health, vision or dental insurance, accident and sickness insurance, cancer insurance and intensive care insurance.
Employees may also set up a flexible spending account, which authorizes a payroll reduction arrangement to pre-tax medical, dental, and vision care expenses not covered by insurance and can include insurance deductibles and co-insurance or co-payments and any treatment not covered by insurance like eye glasses and contact lenses. Expenses for child care or elder care may be paid in a similar way to the medical care expenses. Depending on an employee’s tax bracket, the payroll reduction for insurance premiums, unreimbursed medical expenses, and dependent care expenses can save employees approximately 25% to 40% of the cost of these services. For additional information, please see section 5.2 in the Employee Handbook.
Employees are given $100.00 per month in credit dollars to spend on one or more of the following benefits:
Health Insurance Premiums (Effective 4/1/13)
| Cost Per Month To Employee | |||
Plan* |
Employee | Employee +1 | Family |
| Kaiser HMO | $80 | $162 | $226 |
| BlueShield HMO | $80 |
$187 | $278 |
(Click on the health plan to visit the web sites of the various plans.)
For additional information, please see section 5.21 in the Employee Handbook.
*NOTE: All employees are required to have health insurance either through a Biola health plan or a non-Biola plan.
Dental Insurance Premiums (Effective 4/1/13)
| Cost Per Month To Employee | |||
Plan |
Employee | Employee +1 | Family |
| Delta Care DHMO | $17 | $32 | $48 |
| Delta Dental PPO | $67 |
$134 | $205 |
For additional information, please see section 5.22 in the Employee Handbook.
Vision Care Insurance Premiums (Effective 4/1/13)
| Cost Per Month To Employee | |||
Plan |
Employee | Employee +1 | Family |
| United Healthcare Vision | $6 |
$12 | $17 |
For additional information, please see section 5.23 in the Employee Handbook.
Taxable Cash
If an employee elects not to purchase Biola insurance or if the total cost of their coverage is less than $100/month, unspent credit dollars will be added to their regular paycheck as taxable cash.
Life Insurance | Long Term Disability Insurance | Cafeteria Plan