Cost for Personal & Family Accident Insurance
The amount you pay for personal and family accident insurance depends on the amount of coverage you want or whether or not you want coverage for your family. See the Contribution Rate Sheets available under Forms & Documents for additional information.
How Insurance Premiums Are Paid
You pay for the cost of the premiums for both you and your family with pre-tax dollars. This is because Boston University automatically takes your payments from your paycheck before federal income, state income, and Social Security taxes are taken out.
Automatic before-tax insurance premium payments are allowed under the provisions of Section 125 of the Internal Revenue Code. These provisions are explained in more detail in the Flexible Benefits section of this site.