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Benefits at Ivy Tech
Ivy Tech is committed to offering and maintaining a competitive benefits package to support you and your family. These benefits are an important piece of your total compensation.
See Benefits For:
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How to enroll
Enrolling in your benefits is easy through the Workday system. Workday allows you to select your health, life, and disability benefits online. You can use the system during open enrollment, or if you need to make a change to your benefits. Workday can be found in the quicklinks section of MyIvy.
Your share of the benefit costs will be deducted from your pay in equal amounts in the applicable pay periods in a program year. The College does not prorate benefit deductions.
Dependent Eligibility
Ivy Tech has adopted the Working Spouse Rule which restricts health and dental coverage when a spouse has employer-sponsored, credible coverage available. Additionally, proof of dependent status is required for all dependents covered under Ivy Tech's health, dental, and vision plans. Employees must complete the Dependent Eligibility form in order to add dependents to the plans. More information can be found here.
Qualifying Life Events
It is important to make informed choices with your benefit selections. Changing coverage during the year is limited to Qualifying Life Events as defined by IRS code Section 125. The rules do not allow for enrollment, additions, changes or cancellations to most plans without a Qualifying Life Event. More information can be found here.
Step-by-step guide to update benefits mid-year
Summary of available coverage
Medical/Health Savings Account
The College offers multiple health insurance plan options – Basic Plan (CDHP 1), Enhanced Plan (CDHP 2), and The Standard Plan (PPO – closed to new participants). The Basic and Enhanced plans are paired with a Health Savings Account (HSA). All plans offer access to a broad network of providers through the Anthem Blue Access network. Learn more about medical coverage
Prescription Drugs
The prescription drug benefit is included as part of your medical coverage and is administered by CVS Caremark, a pharmacy benefits manager. Learn more about our prescription drugs benefits
Dental
The College offers both in- or out-of-network coverage through the Delta Dental Plan. The Delta Dental Plan utilizes both the Delta Premier and the Delta Dental PPO networks. Learn more about dental coverage
Vision
Vision Service Plan (VSP) offers coverage for comprehensive eye exams as well as glasses/contact lenses. VSP offers a wide network of providers through its Choice network. Learn more about vision coverage
Flex Spend Accounts
Flexible Spending Accounts (FSA) allow employees to pay for additional qualified expenses before taxes are taken out of your pay. The College offers a General Purpose Flex Account, a Limited Purpose Flex Account, and a Dependent Care Account. Learn more about flex spend accounts
Disability & Life Insurance
The College offers Short Term Disability as well as Long Term Disability (partially funded by the College). The College pays for Basic Life Insurance and employees have the opportunity to add Additional Life and Dependent Life coverage. Learn more about disability & life insurance
Voluntary Benefits
The College offers Whole Life, Critical Illness, and Accident, coverage through Boston Mutual. Learn more about voluntary benefits
Identity Theft Protection
The College offers Identity Theft Protection through Aura. You have your choice between two different plans. Learn more about identity theft protection
Retirement
Ivy Tech provides comprehensive retirement programs to provide for your long-term financial security along with education and planning resources to help you maximize this benefit. Learn more about retirement benefits
REQUIRED NOTICES
The Compliance Bundle explains your rights and obligations in relation to Ivy Tech’s health and welfare plan. The following notices can be found within the linked document.
- Women’s Health and Cancer Rights Act
- Newborns’ and Mothers’ Health Protection Act
- Patient Protection Notice
- Notice of Privacy Practices
- HIPAA Special Enrollment Notice
- Notice Regarding Wellbeing Program
- Premium Assistance under Medicare and Children’s Health Insurance Program (CHIP)
- Paperwork Reduction Act Statement
- Generic Information Nondiscrimination Act (GINA)
- Mental Health Parity and Addiction Equity Act (MHPAE)
- No Surprises Act
- USERRA
- Family Medical Leave Act (FMLA)
- Medicare Part D Creditable Notice
- Market Exchange Notice
- Notice Regarding Wellness Program
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Ivy Tech is committed to offering affordable benefits to all adjunct faculty and part time employees.
Below is the list of benefits offered. Please click the link for additional details.
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When planning your retirement from the College, you may be eligible to continue your participation in the College’s medical and/or dental plan at the group rate. This is a one-time opportunity. If you choose to decline coverage at this time, you will be unable to re-enroll at a later date. Vision, Identity Theft, Life Insurance, and other voluntary coverage may be continued with the appropriate vendor. A separate form will be given to you to complete for continuation of each of these insurance products. Billing for these products will be sent to you directly from the carrier.
Depending on your age and length of continuous benefits-eligible service with the College. The College has two retirement programs that you may qualify for, the Regular Retiree Program and the 75 Plan. The eligibility for each program is listed below. Please select the corresponding link for more information.
If you are between the ages of 55 and 65 AND have ten years of continuous benefits-eligible service with the College
OR
If you are 65 or older AND have five years of continuous benefits-eligible service with the College
Available to full-time, benefits-eligible employees continuously employed in a full-time, benefits-eligible position on or before December 31, 2008.
If you are between the ages of 55 and 65
AND
Your age combined with your continuous benefits-eligible years of service equal at least 75
For more information on the specific programs and rates, select the appropriate link below.