Effective January 1, 2022 the new Washington Cares Fund will go into effect and result in a new payroll tax for all W-2 eligible employees in the state of Washington.
Benefit-eligible faculty and staff will have the opportunity to enroll in the Trustmark Long Term Care benefit during a special enrollment period held June 1 – June 17, 2021. This benefit will allow enrolled participants to opt out of paying the new tax. To learn more, visit the Long Term Care webpage.
Life insurance protects your beneficiary from financial hardship in the event of your death. Accidental Death and Dismemberment (AD&D) provides a benefit if you die due to an accident or if you have suffered a loss of functionality. Seattle University pays 100% of the premium for Basic Life and AD&D insurance. Eligible faculty and staff are automatically covered for the equivalent of annual pay (rounded up to the nearest $1,000) with a maximum of $50,000 coverage per plan. You may choose to purchase additional amounts of insurance for yourself or eligible family members.
Below is a brief outline of benefits. Refer to the appropriate insurance certificate for a summary of plan benefits. Under all circumstances, the insurance policy will take precedence over information contained on this website or within the certificate.
| Basic Coverage Amount | 100% of annual pay rounded up to the nearest $1,000. $50,000 maximum |
|---|---|
| Definition of Pay | Your annual base pay rate as of January 1 (or date of enrollment for newly hired faculty and staff). |
| Limitations | Coverage is reduced at age 65 and again at age 70 |
| Guaranteed Acceptance | You are guaranteed Basic Life Insurance coverage |
| Basic Coverage Amount | 100% of annual pay rounded up to the nearest $1,000. $50,000 maximum. Additional amounts are payable for certain types of losses |
|---|---|
| Definition of Pay | Your annual base pay rate as of January 1 (or date of enrollment for newly hired faculty and staff) |
| Limitations | Coverage is reduced at age 65 and again at age 70 |