This plan requires that the employee has coverage under a comprehensive health insurance plan or a Health Maintenance Organization (HMO). The Group Critical Illness plan, offered by Aflac, will be underwritten by Continental American Life Insurance Company. This plan provides a lump-sum benefit payment to cover out-of-pocket medical expenses and the costs associated with life-changes following the diagnosis of a covered critical illness. Critical Illnesses covered under the plan include the following: Heart Attack, Stroke, Major Organ Transplant, Renal Failure (End Stage), Cancer, Carcinoma in situ, Coronary Artery Bypass Surgery, and Skin Cancer.
Current benefit eligible employees can enroll during the annual Open Enrollment period (mid-September through the first week of October).
Long Term Care is a voluntary program entirely paid by the employee. This program is available to all active members, retirees, and their eligible family members: spouses, parents, parents-in-law and siblings (age 18 and older).
A person may require long term care when he or she needs help with two or more of the six Activities of Daily Living (ADLs): bathing, dressing, toileting, transferring (moving in and out of a bed, chair or wheelchair), eating or continence.
Long term care plans cover certain services provided in a setting other than an acute care unit of a hospital. Such setting may include a nursing home, residential care facility, adult day care center or in home care, according to the plan selected. There are three plans to choose from: (a) comprehensive, (b) facilities only, and (c) partnership.
For more information go to the CalPERS Long Term Care Plan website or contact the CalPERS Long-Term Care Program at 1-800-908-9119 to request an enrollment kit.
For more information see Credit Unions.
The Chancellor's Office offers all its employees auto and homeowner's insurance throughCalifornia Casualty. This employee-paid voluntary plan allows employees to make payments through payroll deduction. For more information call 1-877-472-7840.
For more information see Auto/Home Owners Insurance.
The MetLaw Legal Plan is offered by Hyatt Legal Plans, Inc., which is a subsidiary of MetLife. This plan covers representation for many personal legal services for employees and their eligible dependents. Participants can receive services from a Network or Out-of-Network attorney. Services for covered legal matters performed by a Network attorney are fully paid for by the plan. Out-of-Network attorney fees for covered services are reimbursed based on a set fee schedule. The plan covers telephone and office consultations for an unlimited number of matters, even if the matter is not fully covered, so long as it is not excluded.
The CSU Pre-Tax Parking Deduction Plan allows eligible employees to pay for CSU parking expenses with pre-tax dollars. This pre-tax benefit is available only through payroll deduction for qualified parking as defined by the IRS and established by each campus. Deductions are taken from an employee's paycheck before federal, state, Social Security, and Medicare taxes are calculated. An employee's taxable income is reduced, and consequently taxable income reflected on an employee's W-2 statement is reduced.
The IRS limits qualified parking expenses to parking at or near an employee's work location or at a location from which an employee commutes to work by carpool.
IRS Code Section 132(f) limits the amount of qualified parking that may be excluded from an employee's taxable income. For complete details contact the Human Resources Office for the CSU Pre-Tax Parking Deduction Plan Brochure.
ScholarShare is a state-sponsored, tax-advantaged 529 college savings plan that's helping families and individuals plan for the cost of higher education. It's available to any citizen or tax payer. And just about anyone can help contribute including Grandparents, other family members and friends.
ScholarShare was created by the state of California as a tax-advantaged way to help people save for the cost of higher education. A 529 college savings plan helps you save more over time. Any earnings grow free from federal tax, and many states offer a state income tax deduction or tax credit for contributions. Limitations apply. See the Disclosure Booklet for details. As a 529 Plan, ScholarShare also offers certain gift and estate tax planning benefits; consult your tax advisor. Withdrawals are tax-free at both the federal and state level when used for qualified higher education expenses.
You can use the funds for a lot more than just tuition — including required fees, certain room and board costs, books, supplies, as well as computers and related technology costs such as Internet access fees and printers. Additional equipment required for attendance may also qualify. Funds can be used at most accredited colleges and universities in the United States — even certain colleges abroad. If the beneficiary is a special needs student, any additional costs required for enrollment or attendance to meet those needs will also be covered.
If you're worried about having the account in one state and attending school in another, don't be. With most plans, your school choice is not affected by the state of your savings plan. You can be a resident of California, and send your student to college in North Carolina.
The Standard currently provides CSU employer-paid group life/accidental death & dismemberment insurance and long term disability to benefit eligible employee groupsper their Collective Bargaining Agreement.
The Standard also offers voluntary life insurance to eligible employees and accidental death and dismemberment (AD&D) as an added way of protecting your income.
For benefit eligible groups who do not have the CSU employer-paid Long Term Disability (LTD) per their Collective Bargaining Agreement, The Standard offers a voluntary long term disability (LTD) plan. Customer Service: 800-378-5745. Please refer to The Standard's website for program details and rates.
The CSU offers eligible employees the opportunity to apply for a Voluntary Life Insurance for self and their eligible dependents. Please refer to the website for program information and rates.
This plan pays a benefit to the employee or his/her selected beneficiary in the event of death due to an accident or dismemberment at a benefit level selected by the employee.
Many people underestimate the importance of insuring a portion of their income against the threat of long-term disability. The Standard offers employees who do not have a CSU employer-paid LTD plan to purchase a level of disability insurance with either a 30-day or 90-day waiting period. The option is yours.
Enrollment Period: New hire/initial enrollment within 60 days for Guaranteed Issue.
Employees who do not enroll within 60 days of their initial hire date are subject to Evidence of Insurability. Current benefit eligible employees can enroll any time but will require Evidence of Insurability.