"Building a Foundation for Lifelong Learning"
Life Insurance Benefits
Aetna Life Insurance Booklet-Certificate
Basic Life Coverage
Your family relies on you for their financial security. With this in mind, Cecil County Public Schools (CCPS) is pleased to provide full-time employees who work 30 or more hours per week on a regular basis, a basic life insurance policy equaling 1½ times their basic salary. If you qualify for basic life insurance, you must complete the beneficiary designation section of the Benelogic on-line enrollment. CCPS offers all eligible employees the opportunity to purchase a supplemental life insurance (see below) in addition to the basic life coverage.
Supplemental Life Coverage
Supplemental life is available to eligible employees who work at least 17.5 hours per week on a regular basis. This coverage is available to you, your spouse and children. You will be able to elect up to $200,000 coverage in increments of $10,000. Dependent coverage is also available if you enroll yourself. The dependent life insurance will provide a maximum of $25,000 coverage on a spouse (not to exceed 100% of your basic and supplemental amount), and $10,000 on each child (at least 15 days of age) for a total cost of $2.56 per pay period.
If you and your spouse both work for CCPS, you cannot insure each other or cover your child(ren) under both policies. There cannot be double coverage.
Adding/Changing Coverage
You can enroll, or increase your coverage during Open Enrollment. You will be required to complete an “Evidence of Insurability” form if you are enrolling for the first time or requesting an increase greater than $10,000. Your Open Enrollment election will be placed in a pended status until ING has approved your request.
Cost
Premiums will be deducted from your paycheck on an after-tax basis and for 22 pay periods per year (premium deductions will not be taken in the months of July and August). The cost for supplemental insurance is based on your age as of September 1 of each year and the amount of coverage you elect. When your age changes, your rates and payroll deductions will change. Each year you will be notified of your premium/payroll deduction amounts, which will be effective September 1.
New employees may enroll without an Evidence of Insurability (EOI). If you waive coverage, you must provide EOI to join the program at a later date.
|
Age |
Under 30 |
30-34 |
35-39 |
40-44 |
45-49 |
50-54 |
55-59 |
60-64 |
65-69 |
70+ |
|
Rate per $10,000 |
$0.169 |
$0.223 |
$0.338 |
$0.561 |
$1.009 |
$1.516 |
$2.187 |
$3.310 |
$5.334 |
$17.389 |