|Health Insurance||Retirement Plan|
|Dental Insurance||Employee Assistance Program|
|Vision Insurance||Life Insurance|
|Flexible Spending Accounts||Fitness Center|
|Open Enrollment & Qualifying Events||Plan Documents & Required Notices|
Roanoke College offers its employees a host of benefits including health care, life insurance, flexible spending accounts, tuition assistance, and a variety of other benefits. This site provides you with a brief description of the benefits package for eligible Roanoke College employees.
The College offers three alternatives under the group health insurance plan. If beginning employment on the first day of the month, you are eligible for coverage immediately. If beginning your employment after the first day of the month, you are eligible on the first of the following month. The College and the employee share the cost of the premiums and dependent coverage is available. For the HMO Plan 9 and the PPO Plan 4, the employee's share of the premium is 30% and the college's share is 70% for the current plan year. For the PPO Plan 1, the employee's share of the premium is 36% and the college's share is 64% for the current plan year. Employee's portion of the premium is paid via payroll deduction and may be tax-sheltered through the "Premium Conversion" program.
Roanoke College is a founding member of the Council of Independent Colleges in Virginia (CICV) Benefit Consortium with Anthem as the current claims administrator. By joining forces, Consortium members have a greater presence in Virginia's healthcare marketplace. Together, Consortium members achieve more flexibility in plan design, greater cost control, enhanced benefit offerings, and increased negotiation power with the carrier community.
The College offers two alternatives under the group dental plan. If beginning employment on the first business day of the month, you are eligible for coverage immediately. If beginning your employment after the first business day of the month, you are eligible on the first of the following month. The college pays the premium for the employee under the low option. Dependent coverage and a high option are available with the employee paying the additional premium.
Roanoke College offers vision coverage through Davis Vision. To locate participating Davis Vision providers, go to www.davisvision.com
Flexible Spending Accounts (Cafeteria Plan):
By establishing flexible spending accounts, an employee may set aside pre-tax income to later be reimbursed for medical expenses not covered by the group health, dental and vision plans. Employees can also establish an account for dependent care (daycare) expenses. The cafeteria plan allows eligible employees to pay for health, dental, and vision premiums with pre-tax dollars through payroll deduction.
The College provides employees with life insurance equal to one times the employee's annual salary rounded to the next $1,000 up to a maximum amount of $200,000. and includes AD&D (accidental death & dismemberment) coverage.
An employee is eligible for long-term disability insurance after one year of service. The disability plan is designed to protect you and your family from financial hardship caused by loss of income, and the premium is paid by the college.
All full-time and part-time regular staff will become eligible for short-term disability insurance after 6 months of service. Please see the Short-term Disability Plan Summary for the details of coverage. Faculty short-term disability is outlined in the faculty handbook.
Roanoke College sponsors a 403(b) defined contribution retirement plan through TIAA-CREF. After one year of service in a regular position, the college will begin contributing 9.5% of an employee's base salary and the employee has a 5% mandatory contribution. Employees who have prior 403(b) retirement plans may begin participating first of the month following employment.
The College also sponsors a supplemental 403(b) tax deferred annuity plan. Employees may begin voluntary contributions to this plan immediately upon hire.
Employee Assistance Program:
The college offers free, confidential, short-term counseling, crisis intervention, referral and follow-up services through a professional Employee Assistance Program.
Optional Employee Paid Plans:
Also offered, through payroll deduction, are a supplemental retirement annuities plan; a voluntary vision plan, optional employee life, spouse life and dependent life insurance.
After one year of service, employees, their spouses and dependent children are eligible for tuition remission at Roanoke College. (Dependents may be eligible for tuition exchange at other colleges.)
Employees may utilize the college's Belk Fitness Center at no charge during posted hours available for Faculty and Staff use.