Insurance Benefits

Life Insurance:

The College provides a core benefit of one times your annual salary. You can purchase an additional 1, 2, or 3 times salary as a supplement to your one times salary coverage. Supplemental Life Insurance is subject to medical underwriting. The cost of the Supplemental Life Insurance is based upon your age. The cost is paid on a pre tax basis. Amounts of Life Insurance in excess of $50,000 have been given an "earned income" value according to tax law tables and will result in additional taxable income depending upon amount of insurance and age.

Rate information is contained in the Instructions for Completing Union Flex Benefit Application section. A full explanation of the Supplemental Life Insurance Plan is contained in the Summary Plan Description available from the Human Resources Office.

Supplemental Accidental Death and Dismemberment Insurance:

The College provides a core benefit of one times your annual salary. You can purchase additional Accidental Death and Dismemberment coverage in increments of $10,000 to a maximum of $300,000. Accidental Death and Dismemberment Insurance is subject to medical underwriting.

The cost of the Supplemental Accidental Death and Dismemberment Insurance is paid on a pre tax basis.

Rate information is contained in the Instructions for Completing Union Flex Benefit Application section. A full explanation of the Accidental Death and Dismemberment Insurance is contained in the Supplemental Life Insurance Summary Plan Description available from the Human Resources Office.

Long Term Disability Insurance:

The College provides a core long term disability benefit of 40% of salary. You can purchase an additional 26% of salary to increase your total LTD benefit to 66% of salary. The maximum benefit is $8,500 per month.

The cost of the Supplemental LTD is paid through a post tax payroll deduction. Rate information is contained in the Instructions for Completing Union Flex Benefit Application section and a full explanation of the Supplemental Long Term Disability Insurance is contained in the Summary Plan Description available from the Human Resources Office.

Dependent Life Insurance:

You can select two levels of life insurance for your spouse and children. You pay the premium on the policies through a post tax payroll deduction. You may select a spouse benefit of $25,000 and children's benefit of $4,000 for each child or a spouse benefit of $5,000 and children's benefit of $2,000 for each child (Spouses dependent life insurance may not exceed employee´s total life insurance through Union).

Applications and Plan details are available from the Human Resources Office.

Auto, Home, Renters and Other Personal Insurance:

You may purchase auto, home, renters and other personal insurance and pay premiums through a post tax payroll deduction. You may enroll at any time and cancel your current policy without penalty. Through an arrangement with the Merriam Insurance Agency or Liberty Mutual Group, you will not have to pay interest or finance charges. You will be able to receive a free quotation on coverage and premiums by contacting The Merriam Insurance Agency (more information) at 376 Broadway, Schenectady, N.Y. 12305. Telephone 393-2109 or Peter Flood, at Liberty Mutual Group (more Information), 14 Corporate Drive, Clifton Park, NY 12065, Telephone (518) 371-2486 ext 53975.

A Message from Liberty Mutual Insurance

Special Offer on Auto and Home Insurance
As an employee of Union College you could receive exclusive savings on Liberty Mutual Auto and Home Insurance.1 We offer personalized coverage, Multi-Car and Multi-Policy Discounts, 24-Hour Claims Assistance and more. Liberty Mutual is trusted countrywide for quality coverage and exceptional service. Visit Liberty Mutual for a free quote. 

Universal Life/Long Term Care Insurance: (Effective April 1, 2016)

If an accident or illness suddenly left you unable to care for yourself, do you have family or friends who would be available and willing to help out?  People of all ages become ill or injured in a fashion that requires ongoing care.  Long-Term Care insurance assures that you can afford the care you need in your home, assisted living/adult day care facility or nursing home. Two new benefit products are available.

Universal Life/Long Term Care through Colonial Voluntary Benefits

The policy’s tax-free death benefit can help cover final expenses and provide financial security for a family’s future expenses, while an included rider gives employees flexibility to use their death benefit for covered long-term care expenses.  An Accelerated Death Benefit for Qualified Long-Term Care Services Rider draws down the death benefit to help pay for covered long-term care expenses.  The Universal Life/Long Term Care through Colonial is only being offered now and then again through open enrollment.  Informational brochures regarding this program is attached and also available from Human Resources.

* As an incentive for meeting with an Enrollment/Benefit Counselor, either in person or via telephone, employees will be eligible for a special “College Tuition Benefit” program, through Sage Tuition Rewards and Colonial Life.  The scholarship program offers a guaranteed college scholarship for your children, grandchildren, nieces or nephews, at over 1/3 of National Association of Independent Colleges and Universities (NAICU) schools.  Scholarship amount is based on 5% of your annual retirement plan assets through Union College.   NO PURCHASE OF INSURANCE IS REQUIRED!

If you were unable to personally meet with one of the benefit’s counselors/enrollers, the 877-685-2656 will remain open for another week.  You can arrange a call-back date and time by calling 877-685-2656.  At the time of your call-back you will need internet access to participate in a personal webex meeting. 

New York State Long Term Care Partnership Program (underwritten by MassMutual)

The NYS Partnership for Long-Term Care (NYSPLTC) is a unique Department of Health program combining private long-term care insurance and Medicaid Extended Coverage (MEC). Its purpose is to help New Yorkers financially prepare for the possibility of needing nursing home care, home care, or assisted living services someday. The program works by allowing an individual who purchases a Partnership insurance policy, and keeps it in effect, to hold onto all or part of their assets (depending on the type of policy purchased) under the Medicaid program if their long-term care needs extend beyond the period covered by their policy.  NYSPLTC helps New Yorkers pay for their long-term care without having to “spend down” their assets, as they would have to do if they relied totally on Medicaid to pay for their long-term care.  An informational brochure is attached and available from Human Resources.

Representatives from New York Long-Term Care Brokers will be on campus March 29th and 30th to meet with interested employees and their family members to discuss Long-Term Care Insurance and the Total Asset Protection, NYS Partnership plans.  

* On March 29th the representatives will be available from 8 am - 5 pm in Reamer 204.  

* On March 30th the representatives will be available from 8 am - 4 pm in the McKean House conference room.

Although no appointment is necessary, you are encouraged to schedule a time to meet with them on one of these two days.  If you’re unable to meet with them on the 29th or 30th, they would be happy to schedule a time that works with your schedule.  The representatives from New York Long-Term Care Brokers can meet with you on campus or at their office in Clifton Park. Participation in this program is considered "perpetual" so you do not need to wait for our next open enrollment period to participate. 

Please contact Laurie Mattison at New York Long-Term Care Brokers to schedule an appointment -- 518-371-5522 ext. 156

This program is underwritten by MassMutual Insurance company and includes a 10% discount for employees and their immediate family members (a sample rate sheet is attached to this email).  This is not an offer of insurance and eligibility is subject to medical underwriting. If you have any questions about either program please contact Human Resources at x. 6108.