Benefits Program Design - Faculty, Professional & Scientific, Merit Supervisory Exempt, Merit Confidential, Merit New Hires

The benefit program is a robust and designed to be sustainable, equitable, and flexible. This page applies to the following groups:

  • Faculty
  • Professional and Scientific
  • Merit Supervisory Exempt and Merit Confidential Staff
  • New Merit Staff with a hire date on or after July 1, 2017
  • Merit Staff hired before July 1, 2017 (Effective January 1, 2018)

Four "Core" Insurance Benefits 

There are four "core" insurance benefits provided for all Faculty, Professional & Scientific staff, Merit Supervisory Exempt, Merit Confidential and New Merit Staff with a hire date on or after July 1, 2017. Merit staff hired prior to July 1, 2017 will become eligible for this package on January 1, 2018. The four "Core" insurance Benefits will be provided as follows:

Health Insurance

  • Faculty and Staff will be provided a 100% University contribution for single coverage.
  • The University will contribute 80% toward the cost of coverage for employee/spouse, employee/child(ren) or employee family, based upon the premium cost of the UI Choice plan. 
  • Where two spouse/partners are both eligible for this benefit package, they can elect to take the Double Spouse Credit and they will be provided with their choice of one employee/spouse or family health insurance plan with no out-of-pocket expense. You must fill out a request for double spouse credit form and return it to the Benefits Office in order to receive this credit. 

Dental Insurance

  • Faculty and Staff will be provided a 100% University contribution for single coverage. 
  • The University will contribute 80% toward the cost of coverage for employee/spouse, employee/child(ren) or employee family, for the Dental II plan.
  • Where two spouse/partners are both eligible for this benefit package, they can elect to take the Double Spouse Credit and they will be provided with an one employee/spouse or family dental plan with no out-of-pocket expense.  You must fill out a request for double spouse credit form and return it to the Benefits Office in order to receive this credit.   

Group Term Life Insurance

Faculty and Staff will be provided life insurance at the amount of two times salary, up to a maximum of $400,000 in coverage.  Individuals can choose to buy additional supplemental life insurance if they desire.

Disability Insurance

Faculty and Staff will receive long-term disability insurance to provide 60% salary replacement upon employment.

Pre-tax Elective Insurance Benefits 

The plan offers flexibility in that you have the option of selecting a number of elective
pre-tax benefits, including;

  • purchasing additional life insurance
  • purchasing of accidental death and dismemberment insurance
  • funding a dependent care or health care spending account  

General Benefit Credits

The program has an element of choice, as each employee will receive a General Benefit Credit to use for additional benefit expenses.  All faculty and staff will be provided $90 per month in General Benefit Credits to be used at their discretion toward:

  • the cost of health or dental insurance, or:
  • the purchase of additional life insurance
  • the purchase of accidental death and dismemberment insurance
  • funding a dependent care or health care spending account 

Shared Savings Credits

Depending on the choices a faculty or staff member makes, they may be eligible for Shared Savings Credits which they can use in the same manner as the General Benefits Credits.

Individuals who have dental insurance, but are not enrolled in a University or State of Iowa (state agencies, Board of Regents, UI Merit), dental insurance plan may receive a Shared Savings Credit as an incentive to remain with their current insurance provider.  Individuals who elect not to enroll in the University’s or a State of Iowa (state agencies, Board of Regents, UI Merit) dental insurance plan may be provided a $25 per month Shared Savings Credits. 

Where two spouse/partners are both eligible for this benefit package (double spouse) and elect the Double Spouse Credit, they are paired together for health and dental insurance benefits purposes. 

One person carries both the health and dental insurance plans (either employee/spouse or family plans), while the other person has neither option available to them on their enrollment (because they can be covered on the spouse’s plans).  Electing the Double Spouse Credit gives them their choice of one employee/spouse or family health and dental insurance plan at no out-of-pocket cost.

Members of a double spouse couple who elect the Double Spouse Credit are not eligible to claim individual status for health or dental insurance coverage.  Double spouse couples are only eligible for a Dental insurance Shared Savings Credit if they both waive coverage.  You will need to contact the Benefits Office if you wish to do this.  

Finally, individuals whose salary is over $25,000 who elect to receive only $50,000 in life insurance may receive an additional $40 per month in Shared Savings Credits.  The life insurance Shared Savings Credit will be subject to further review for continuation into subsequent benefit years.