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Annual Open Enrollment

2009 Flexible Credits

Flex Credits are a combination of the university's contribution towards the cost of health, dental, life, and long-term disability insurances.

Salary and length of employment are determined by the Benefits Office and generally are based on what is in effect on January 1 of each year.

Family Status Health Dental Dental
(over 3 years of service)
Single $414.00 $26.00 $46.00
Employee/Spouse $642.00 $40.00 $71.00
Employee/Spouse-double spouse $1,284.00 $80.00 $142.00
Employee/Children $509.00 $57.00 $75.00
Family $744.00 $63.00 $96.00
Family-double spouse $1,488.00 $126.00 $192.00

 

Life Insurance

Annual benefit salary, rounded to next highest thousand divided by 1000 X (2.5) X (.43)
Maximum coverage = $1,000,000

Example:  Salary = $49,456
(50,000) / (1000) X (2.5) X (.43) = $53.75

LTD

(Annual benefit salary) X (% of benefit) divided by (100) X (1.64) divided by 12

% of benefit is based on length of service:

0 - 1 =  0%
1 - 2 = 30%
2 - 3 = 40%
3 - 4 = 50%
4 - 5 = 60%
5 ++ = 70%

Example (Two years of service):  Salary = $49,456
(49,456) X (.40) / 100 X 1.64 / 12 = $27.04

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Questions? Need Help?

If you have questions or concerns regarding the enrollment process, please contact:

University Benefits
120-40 USB

Email: benefits@uiowa.edu
Web Site: www.uiowa.edu/hr/benefits
Phone: 319-335-2676 or 877-830-4001 (toll free)
Fax: 319-335-2776