Health Insurance
The University currently offers two options for health insurance coverage. All options are provided by Anthem BlueCross and BlueShield of Virginia. Each option offers a slightly different range of benefits with a corresponding range of monthly employee cost share premiums. Employee premiums are paid by payroll deduction on a pre-tax basis. A dental plan, a prescription drug plan, a vision plan, and an employee assistance program are offered with each of the two options. All full-time administrative and faculty personnel may enroll at the start of the month following commencement of employment. Full-time support staff and hourly employees are eligible to receive this coverage at the start of the month following the start of employment. Open enrollment for this program is held annually, usually during the first two weeks of November for a January 1st effective date.
Anthem Summary of Benefits and Coverage
Employee Rates 2024 Health, Dental and Vision
Health Advocate
The health advocate is a benefit that is available to all VWU benefits eligible employees at no extra cost through the Virginia Private Colleges Benefit Consortium. Some of the services Health Advocate provides are assistance with a denied claim, coordinated care between medical providers, and a review of treatment options for a specific diagnosis.
Flexible Benefits Program
The flexible benefits program enables participating employees to take advantage of a unique IRS-approved program which allows reimbursement on a tax-free basis for eligible health care and/or dependent care expenses. All full-time employees are eligible to participate at the start of the month following commencement of employment. Open enrollment for this program is held annually, usually during the first two weeks of November for a January 1st effective date.
Life Insurance
Group life insurance is available to all full-time University employees. Premiums are paid by the University. This benefit is available to administrative and faculty personnel on the first of the month following employment, and is available to staff and hourly personnel on the first of the month following employment. This policy provides life insurance coverage at the rate of one times annual base salary rounded up to the nearest thousand unless the annual salary falls on an even thousand. It is payable to the beneficiary, designated by the employee, upon death. At the termination of employment, all previously covered employees have the option of converting to an individual policy, at the policy holder's expense.
Long Term Disability (LTD) Insurance
Group long term disability insurance is available to all full- time University employees. Premiums are paid by the University. This benefit is available to administrative and faculty personnel on the first of the month following employment, and is available to staff and hourly personnel on the first of the month following employment. When approved, LTD income begins as of the ninety-first day following continuous disability and can continue to age 65. The monthly income benefit is equal to 60 percent of base monthly salary, not to exceed $7,000 per month, less any benefits payable from Social Security. Under certain conditions, LTD income for partial disability is also available.
Short Term Disability (STD) Insurance
The University offers a self-funded short term disability plan to all full-time University employees with no monthly premium requirement. The length of time an eligible employee may receive STD income is based upon total years of full-time employment with the University as follows: 0 - 1 year: not eligible; 1 - 2 years: 30 calendar days; 2 - 3 years: 60 calendar days; 3 or more years: 90 calendar days. After 90 days, the University's long term disability policy may then be in effect (based on the provisions of the policy.) In the case of faculty, short term disability leave may be extended, at the discretion of the University, for a period not to exceed one semester. For the duration of the short term disability, an employee will continue to receive full pay and benefits. The University reserves the right to evaluate all requests for short term disability pay on an individual basis. Medical documentation is required to support each request.
Retirement Program
The University’s retirement program is administered through TIAA-CREF. Virginia Wesleyan makes a monthly contribution to the employee’s retirement account when the employee makes a minimum of a five percent (5%) contribution of his or her gross monthly salary. The employee may elect a combination of pre-tax or Roth (post-tax), to earn the University match. Eligibility begins on the first of the month following twelve months of employment. Prior service of at least one year at other higher education institutions will fulfill the eligibility requirement for new employees hired after January 1, 2024.
Leave Benefits
Â鶹´«Ã½rtb has an Annual Paid Leave (APL) system where all events which require the employee to have time off from the job (excluding recognized Virginia Wesleyan holidays and jury duty) are charged to one's leave bank. All regularly scheduled full-time and part time-twelve month exempt and non-exempt employees are eligible for APL accrual. Faculty members do not accrue APL.
Although all eligible employees begin to accrue vacation hours on their date of hire, non-exempt employees may use these hours only after three (3) months of employment.
The Annual Paid Leave accrual rate is based on employee status (exempt or non-exempt) as well as length of employment. Please see Policy and Procedure #20 for details of this policy.
Tuition Remission
A full tuition waiver is granted to dependent children and the spouse of any full-time Virginia Wesleyan employee provided certain standards and criteria are met. Full-time University employees are eligible to enroll in classes on the basis of available space with full tuition waiver dependent upon the successful completion of the course. In addition, Virginia Wesleyan participates in Tuition Exchange Programs for dependent children of faculty and administrative staff.
Other Benefits
In addition to the above mentioned benefits which are available to full-time employees, Virginia Wesleyan offers a wide variety of benefits to its entire staff. These include full use of the Virginia Wesleyan Library facilities, check cashing privileges from either the Business Office or the Bookstore, a ten percent (10%) discount on non-sale Bookstore items, free admission to all Virginia Wesleyan University sporting events and theater presentations and membership in the Langley Federal Credit Union.
This Summary of Benefits is intended to be a brief overview of benefits offered to employees of Â鶹´«Ã½rtb. A complete description of individual benefits may be found in the Department of Human Resources. All benefits are subject to change at the University's discretion. This outline is in no way intended, nor is it to be considered, as a contract of employment.
April, 1996; rev. 9/97, 9/98, 2/99, 4/00, 12/13