UH provides financial protection for your family in case you have a disabling illness or injury, or die.

• You are eligible if:
  • UHMG physicians: you have an FTE status of .20 or higher
  • All other employees: you are a regular status employee scheduled to work 16 or more hours a week
• You are eligible to enroll in supplemental life, voluntary AD&D and dependent life insurance within 30 days of hire.
  
• Your eligible dependents for voluntary AD&D and dependent life include your legal spouse and your dependent children (under age 19 or age 23 if they are full-time students).

See the summary plan description for more detail on how coverage works and when coverage is effective:

• Coverage provides your beneficiary a source of income if you die while you are employed by UH.
• AD&D insurance also provides a benefit if you suffer certain severe injuries, such as the loss of a limb or the loss of vision resulting from an accident.
• Coverage is generally equal to two times your annual base pay.

• You can purchase an additional 1, 2, 3, or 4 times your annual base pay.
• Maximum amount of life insurance coverage (basic plus supplemental) is $2 million.

Tobacco-free Rates

To emphasize our commitment to healthy lifestyles, we offer different rates for supplemental life insurance coverage to employees who are “tobacco-free.” You are considered a tobacco user if you have smoked a cigarette, used pipe or chewing tobacco, nicotine chewing gum, or snuff at any time during the 12 months prior to the date you complete your online enrollment. (You will need to make your election for supplemental life insurance based on this definition.)

Evidence of Insurability

• Your life insurance coverage is greater than $800,000 (including basic life provided by UH)
  
• You increase your supplemental life coverage by more than one times your annual base pay after your initial election, or
  
• You initially waive supplemental life coverage and later enroll for the first time at a supplemental amount greater than one times your annual base pay.

The Hartford will send you an evidence of insurability form after your election has been received. Your life insurance election will not become effective until your evidence of insurability is approved by the insurance carrier.

About Taxes

The IRS considers the cost of life insurance premiums on employer-provided coverage above $50,000 as taxable income. This taxable amount is called “imputed income.”

For example, an employee earning an annual base salary of $60,000 would pay tax based on the IRS tables for $70,000 of coverage ($120,000 minus $50,000). In most cases the amount of tax is small. Your employer will include imputed income on your paycheck to cover any taxable life insurance amounts. (It will appear on your pay stub as Imp Income.)

You can purchase dependent life insurance, which pays a lump-sum benefit to you if your spouse or a dependent child dies. Dependent children are eligible for coverage to age 19 (or age 23 if a full-time student).

Children age 14 days to 6 months are covered for $500 of dependent life insurance.

• 1 x annual base pay
• 2 x annual base pay
• 3 x annual base pay
• 4 x annual base pay

You purchase Voluntary AD&D coverage through pre-tax payroll deductions.

When you purchase additional coverage, you can choose either to cover yourself only or family. If you purchase family coverage, the benefit paid will be based on the coverage amount you selected and the make up of your family at the time of the accident.