Company Sponsored Life Insurance
Term life insurance purchased by the hospital through Hartford Ins. Co. is equal to one times the employee’s base annual salary up to $200,000 for full time employees.
Benefit begins the 1st of the month following 90 days of employment.
Eligibility
- All Full-time active employees working at least 36 hours weekly and All Full-time Active Employees per employment agreement who are Physicians, Physicians Assistants and Nurse Practitioners who work at least 30 hours weekly.
- There is no enrollment paperwork required.
- Benefit is automatic.
- Eligible employees must complete beneficiary form.
Coverage amounts over $50,000 are considered taxable income and will be reflected on your bi-weekly paystub under the earnings and deductions coded as GTL and offset earn.
Voluntary Benefit
Voluntary benefit offered through The Hartford Ins. Co. allowing employees to purchase additional term insurance equal to 5 times their base annual salary up to a max of $500,000 for themselves and $100,000 max for spouses or domestic partners.
Benefit begins the 1st of the month following 90 days of employment OR when approved by The Hartford's underwriting.
Eligibility
- All Full-time active employees working at least 36 hours weekly and all full-time active employees per employment agreement who are Physicians, Physicians Assistants and Nurse Practitioners who work at least 30 hours weekly and all part-time active employees working at least 18 hours weekly.
- Eligible employees may enroll at any time by completing Ultipro Life Event and online evidence of insurability.
- Completed beneficiary forms should be returned to Human Resources
Plan Information