University System of New Hampshire

Flexible Benefits Plan and Effective Dates

The Flexible Benefits Plan offered under the Internal Revenue Service (IRS) 125 regulations allows employee benefit contributions to be made on a pre-tax basis. The plan includes options for medical, dental, life, long-term disability insurance, and Flexible Spending Accounts.

  • Flexible benefits are effective on the 1st of the month following date of hire, provided enrollment is completed within 30 days of the hire date 

  • If enrollment is completed between the 31st and 60th day, benefits are effective the first day of the month following completion of enrollment

  • If you fail to meet the enrollment deadlines as noted above, you will have no election for medical and dental insurance. You will be enrolled in the 1.5 times life insurance/AD&D and the 60% long term disability option

  • You would be able to make changes to your elections during the next open enrollment period and/or if you experience a qualifying life event as defined by the IRS

Medical Plan Options and Waived Coverage

Medical Plan Comparisons and Cost Summaries​

 

2017 Waived Medical Coverage

  • Option to waive medical coverage

  • Cash incentive in lieu of medical coverage

    • Cash back incentive is not available if you are covered under another employee’s USNH medical plan

Dental Plan Options and Waived Coverage

Dental Plan Options

 

Waived Dental Coverage

  • Option to waive dental coverage

    • Cash incentive in lieu of dental coverage

    • Cash back incentive is not available if you are covered under another employee’s USNH dental plan

Life Insurance and Accidental Death & Dismemberment (AD&D)

Provides a lump sum payment to beneficiaries in the event of the death of the insured. 

 

Life Insurance Coverage Options

  • 1.5 times regular annual budgeted salary

  • 3 times regular annual budgeted salary

  • 4.5 times regular annual budgeted salary

  • $2,250,000 maximum amount of coverage

 

Additional AD&D Life Insurance Provision

Provides a lump sum payment, equal to life insurance option selected, if death or dismemberment of the insured is the direct result of an accident plus $25,000 AD&D.

Long Term Disability Insurance

Provides monthly disability income benefits if you are unable to work for 180 days due to an illness or injury.

 

Percentage of Regular Budgeted Annual Salary Maximum Benefit
60% $5,000/month
66-2/3% $15,000/month

Cash back incentive if you elect the 50% coverage.

 

Long Term Disability Insurance Benefits:

  • Upon approval, benefits begin after 180 days of total disability
  • Eligible for continuation of medical and/or dental benefits, based on USNH Policy USY V.A.8.
  • The insurance will cover the employer portion of the retirement contribution for employees enrolled in the USNH 403(b) Retirement Plan, unless otherwise defined in collective bargaining agreements
  • For employees who elect 66-2/3% and who are in the USNH retirement plan, the insurance will cover the cost of the employee and employer retirement contributions

 

Long Term Disability Policy

Flexible Spending Accounts (FSA)

FSAs allow you to put aside a portion of your pay to reimburse yourself on a pre-tax basis for healthcare and/or dependent/elder care expenses. Wageworks administers the USNH FSA program.

  • FSA Maximum amounts:
    • Healthcare: $2,550
    • Dependent Care: $5,000
  • May be reimbursed for eligible healthcare expenses up to the elected account balance
    • Must incur expenses by March 15 of the following year
    • Per IRS regulations, at the end of the year, any unused balances will be forfeited
  • May be reimbursed for eligible dependent care expenses up to elected account balance
    • Must incur expenses by Dec 31

List of Eligible Healthcare Expenses

List of Eligible Dependent Care Expenses