Events that Affect Participation
Your Personal and Family Accident Insurance Plan benefits are affected if you no longer work a full-time schedule, you continue to work beyond age 70 or if you take a leave of absence.
If You Work Less Than 100% of a Full-Time Schedule
You must work 100% of a full-time schedule to retain the Personal and Family Accident Insurance Plan. If you no longer work full-time, your Personal and Family Accident Insurance Plan will end on the date you change to less than full-time status.
If You Continue to Work Beyond Age 70
If you continue to work beyond age 70, your coverage will be reduced to a percentage of the coverage in force just prior to your 70th birthday. This reduction in your coverage will be:
Percent of Full Coverage Amount
|70 through 74||82.5%|
|75 through 79||57.5%|
|80 through 84||37.5%|
|85 and older||20.0%|
If you enter the plan after age 70, your coverage will be limited (according to the schedule) to a percentage of the coverage you would have been eligible for before age 70. The coverage for a spouse under age 70, and any dependent children, will be based on a percentage of your coverage prior to age 70.
After you reach age 70, the cost of premiums for coverage for you and your family will be based on the cost of your coverage amount prior to age 70.
If You Take a Leave of Absence
If you leave active work for any reason for a prolonged period of time, you should always contact Human Resources to ask what effect your absence may have on your participation in the Personal and Family Accident Insurance Plan.
- Leave of Absence With Pay. If you are granted a leave of absence with pay, your coverage will continue, provided your usual payroll deductions continue.
- Leave of Absence Without Pay or No Pay Status. If you are granted a leave of absence without pay or are on no pay status, you may continue your coverage during your leave provided you pay the cost of continuing this coverage. If you choose to continue coverage, you should contact Human Resources before you begin your leave, in order to make the necessary billing arrangements. This coverage will automatically be canceled for nonpayment of bills.
If you choose not to continue this insurance, coverage will automatically end on the last day of the month in which you are granted such leave. To reinstate coverage when you return from your leave, you must re-enroll, provided you are still eligible. To do so, request the change through Employee Self Service at BUworks Central by selecting the option “Manage my Benefits – Life or Career Events”. You must submit your Life or Career Event within 30 days following the date of the Life or Career Event to complete your request.
Your insurance coverage under the Personal and Family Accident Plan will end 31 days after you terminate your employment with the University or your status as a regular employee ends.
When your coverage under the plan ends, you may convert your coverage for yourself and your covered dependents to an individual policy at regular individual policy rates. You will not have to submit evidence of insurability to convert your coverage. However, you must apply, in writing, to the insurance company within 31 days of the date your coverage under the Personal and Family Accident Insurance Plan ends.