insurance
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insurance [2011/08/02 12:33] 67.9.152.226 |
insurance [2023/05/12 22:19] (current) theksong Add warning that this is out of date |
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| ====== Insurance ====== | ====== Insurance ====== | ||
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| + | //Check your university-provided insurance: [[https://utdirect.utexas.edu/pnben/index.WBX|Current insurance/benefit coverage in UT Direct]]// | ||
| + | |||
| + | | :!: **Caution:** This page is currently out of date due to the transitions away from UT Select to Academic Blue, as well as the transition to Workday. | | ||
| ===== Introduction ===== | ===== Introduction ===== | ||
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| - Be appointed as a Graduate Research Assistant (GRA): [[http://www.utexas.edu/hr/student/insurance.html|Insurance and Benefits for Graduate Student Employees]] | - Be appointed as a Graduate Research Assistant (GRA): [[http://www.utexas.edu/hr/student/insurance.html|Insurance and Benefits for Graduate Student Employees]] | ||
| - Be awarded graduate fellowships: [[http://www.utexas.edu/hr/student/gradfellows.html|Insurance for Eligible Graduate Student Fellows]] | - Be awarded graduate fellowships: [[http://www.utexas.edu/hr/student/gradfellows.html|Insurance for Eligible Graduate Student Fellows]] | ||
| - | - Buy your own (of course). The UT System offers a very basic student insurance: [[http://www.uhcsr.com/UTexasAustin|Student Health Insurance Plan]] | + | - Buy your own (of course). The UT System offers a very basic student insurance: [[http://www.ahpcare.com/utexas|Student Health Insurance Plan]] |
| ===== Important Eligibility "Gotchas" ===== | ===== Important Eligibility "Gotchas" ===== | ||
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| ===== What's Available ===== | ===== What's Available ===== | ||
| - | For employees (TAs/AIs/GRAs), UT pays for your medical insurance, a small life insurance policy, and half of your spouse/child's insurance. | + | For employees (TAs/AIs/GRAs), **UT pays for your medical insurance, a small life insurance policy, and half of your spouse/child's insurance**. |
| For graduate fellows, the insurance costs need to come out of your fellowship funds (or your pocket). | For graduate fellows, the insurance costs need to come out of your fellowship funds (or your pocket). | ||
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| * Life Insurance | * Life Insurance | ||
| * "Flexible spending accounts" (where you can set aside money for medical and daycare expenses to be exempted from income tax.) | * "Flexible spending accounts" (where you can set aside money for medical and daycare expenses to be exempted from income tax.) | ||
| - | * Various accident insurances | + | * Various accident/disability insurances: accidental death and dismemberment (AD&D) insurance, long-term disability insurance, short-term disability insurance, long-term care insurance |
| + | * Two retirement savings schemes: a "403(b) tax-sheltered annuity" plan, and a "457 deferred compensation plan". | ||
| ===== Annual Enrollment ===== | ===== Annual Enrollment ===== | ||
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| In theory, there are circumstances and coverage combinations where you can ignore the annual enrollment. There are enough exceptions to this, though, that you should just always go though annual enrollment whenever you get notified of it. | In theory, there are circumstances and coverage combinations where you can ignore the annual enrollment. There are enough exceptions to this, though, that you should just always go though annual enrollment whenever you get notified of it. | ||
| - | ===== Spring TAs ===== | + | ===== Summer Coverage for Spring TA/AIs ===== |
| - | + | ||
| - | Being a TA in the Spring is great. Even if you leave UT for the summer (perhaps to get a summer internship) you will still have all of your health, dental, and vision insurance from the Spring semester. | + | |
| - | ===== Spring GRAs ===== | + | Being a TA/AI in the Spring is great. Even if you leave UT for the summer (perhaps to get a summer internship) you will still have all of your health, dental, and vision insurance from the Spring semester. Note that you'll prepay for your entire summer insurance coverage with your June 1 paycheck. You'll get detailed information about summer coverage by e-mail in April. |
| - | Being an GRA in the Spring can cause complications. If you leave UT for the summer, you will **not** have insurance and you will either need to get private insurance or use COBRA to continue your benefits. If you do not use COBRA, then there is a break in your UT insurance. When you come back in the Fall, HR considers you to be a new hire again. Once again, you have 31 days to make your enrollment choices. If you ignore this enrollment, instead of maintaining the benefits from the previous year, you will now revert to the default coverages (no dental or vision). | + | ===== Summer Coverage for Spring GRAs ===== |
| + | Being a GRA in the Spring can cause complications. If you leave UT for the summer, you will **not** have insurance and you will either need to get private insurance or use [[http://www.utexas.edu/hr/current/insurance/cobra.html|COBRA continuation coverage]]. If you do not use COBRA continuation coverage, then there is a break in your UT insurance. When you come back in the Fall, HR considers you to be a new hire again. Once again, you have 31 days to make your enrollment choices. If you ignore this enrollment, instead of maintaining the benefits from the previous year, you will now revert to the default coverages (no dental or vision). | ||
insurance.1312306431.txt.gz · Last modified: 2011/08/02 12:33 by 67.9.152.226
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