Auburn University offers voluntary insurance products during Open Enrollment.
Review these options, and then during Open Enrollment you can enroll online via AU Access, contact the PWS Call Center, or schedule an online meeting with a benefits enroller. We also encourage you to review your beneficiaries.
Group Cancer
Two cancer insurance plan options are offered through Colonial Life:
Both plans are guaranteed issue regardless of health status. Both plans are employee paid and payroll-deducted. Cancer insurance will:
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Help pay some of the direct and indirect costs related to cancer diagnosis and treatment
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Help pay for expenses health insurance may not cover, such as deductibles, co-insurance, and out-of-pocket expenses
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Pay the insured an annual benefit for specified cancer screening tests such as mammograms, prostate screening exams, etc.
Level 2
|
Pay Frequency |
Self |
Family |
|---|---|---|
|
Biweekly |
$6.39 |
$10.66 |
|
Monthly |
$13.85 |
$23.10 |
|
18-Pay |
$9.23 |
$15.40 |
Level 3
|
Pay Frequency |
Self |
Family |
|---|---|---|
|
Biweekly |
$10.41 |
$17.31 |
|
Monthly |
$22.55 |
$37.50 |
|
18-Pay |
$15.03 |
$25.00 |
Group Critical Illness
Critical illness insurance through Colonial Life is guaranteed issue and provides a lump-sum benefit to help cover the following if an employee or a family member suffers a heart attack, stroke, or other illness:
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Deductibles, co-insurance, and out-of-pocket expenses
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Lost income
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Home health care needs
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Rehabilitation
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Travel and lodging
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Child care
The benefit amounts employees can choose from are $10,000 or $30,000. The benefit is paid directly to the insured and can be used for medical or non-medical related expenses one might encounter as a result of going thru one of the covered medical events. The policy can be purchased for employee, employee plus spouse, one-parent family or two-parent family.
Life Insurance
Auburn offers whole life and term life insurance plans to eligible full-time employees. Both options are Guaranteed Issue during Open Enrollment.
Review these options below, and then either enroll online via AU Access, contact the PWS Call Center at 833-203-4283, or schedule an online meeting with a benefits enroller.
Whole Life
Whole life insurance through MassMutual provides guaranteed features: cash value accumulation, premium rates, and a death benefit (minus any loans and loan interest). It offers guaranteed issue protection, premiums, and cash value. Guaranteed issue (GI) of $150,000 is available to all employees.
The benefit pays a lump sum death benefit, builds guaranteed cash value and is paid for with level premiums that never increase (ends at age 100).
Term Life
Term life insurance through The Standard can be used to provide financial security for an employee and their loved ones. This money can help pay for things like the mortgage, college tuition, child-care costs, or daily living expenses.
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All eligible employees receive employer provided Basic Term Life Insurance, free of charge, one times annual base salary up to a maximum of $35,000.
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Optional Term Life Insurance and Accidental Death & Dismemberment (AD&D) coverage for employee, spouse/sponsored adult dependent, or child/sponsored child dependent is available and paid for by the employee.
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An employee can purchase life insurance for up to five times their annual earnings (the benefit limit is $450,000).
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An employee may apply for Spouse Term Life Insurance in multiples of $10,000, from $10,000 to $100,000, for their spouse/sponsored adult dependent.
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An employee may elect a Child Life Insurance benefit for their child/sponsored child dependent of $5,000 or $10,000.
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Optional Term Life Insurance is guaranteed if the employee enrolls during the first 30 days following initial eligibility.
Long Term Disability
Long-term disability insurance coverage through The Standard is provided to all full-time, benefit-eligible employees who have been employed at least one year, at no cost to the employee.
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During Open Enrollment, eligible employees may also purchase an additional 10% of coverage (in addition to the Auburn provided LTD coverage) at affordable group rates. Evidence of Insurability (completion of a medical history statement) will be needed to add the additional long-term disability benefit coverage.
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For new employees: During Open Enrollment, employees within their first year of employment may purchase LTD coverage which is guaranteed issue at affordable group rates.
Accident Insurance
Additional Information (requires AU authentication)
Accident insurance, which is offered by The Standard, pays a lump sum if you or your covered eligible dependent are injured in an accident. It covers injuries and services such as:
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Lacerations
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Burns
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Dislocations
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Emergency dental repair
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Ambulance
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Emergency room
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Surgery
It includes a $50 annual health maintenance screening benefit. The benefit is paid when you or your covered eligible dependent visit the doctor for a wellness screening.
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Youth Organized Sports Benefit: There is an additional 25% benefit if your child (under 18) is injured while playing organized sports.
Premium Rates
|
Plan |
Monthly Cost |
|
Employee Only |
$6.91 |
|
Employee+Spouse (EE+SP) |
$11.00 |
|
Employee+Children (EE+CH) |
$13.07 |
|
Family |
$20.53 |
Hospital Indemnity Insurance
Additional Information (requires AU authentication)
Hospital indemnity insurance, which is offered by The Standard, pays a lump sum if you or your covered eligible dependent are admitted to the hospital.
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$2,000 for hospital admission (once per year)
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$200 per day of hospital confinement (up to 15 days per admission)
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Waiver of Premium: You do not pay a premium if you are confined to the hospital for more than 30 days.
Premium Rates
|
Plan |
Monthly Cost |
|
Employee Only |
$16.19 |
|
Employee+Spouse (EE+SP) |
$27.43 |
|
Employee+Children (EE+CH) |
$22.59 |
|
Family |
$40.47 |
Reviewing Your Beneficiaries
When did you last review your life insurance and retirement plan beneficiary elections? By periodically reviewing your beneficiary designations, you can rest assured that your assets will be distributed according to your wishes.
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When you enroll for 2023 benefits, you can review and update your beneficiary designations for Auburn University’s employer provided Term Life, (if applicable), optional Voluntary Term Life and/or Voluntary AD&D (if enrolled).
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To update the designations for your retirement plans, please contact the Teachers’ Retirement System (TRS) for your mandatory retirement account, and your respective vendor(s) if you have a 403(b) or 457(b) account.
