Northwood University Employee Benefits Overview
An important part of your compensation is your benefit package. Northwood expects to continue its benefit plan, but reserves the right to modify, suspend or terminate any plan. If such steps are taken, you will be notified. (*Collective bargaining benefits may differ according to contract terms.)
NOTE: *Newly hired employees are benefit eligible the 1st of the month following full-time hire date.
COSTS: Medical/Prescription Coverage - $117 per participant per month
Dental Coverage - $20 each for the first two participants per month; $15 for each additional participant
MEDICAL – Connect Care PPO (All locations): In-network $300 calendar year deductible, $600 max per family deductible, 90% coverage with some exceptions; out–of-network $600 calendar year deductible,
$1200 max per family deductible, 70% coverage with some exceptions.
DENTAL – Comprehensive coverage (all locations) No deductible, 85% coverage with some exceptions.
PRESCRIPTION DRUGS – Retail: up to $10 co-pay for generic (includes 90-day supply); $25 co-pay for preferred; $75 co-pay for non-preferred; $100 co-pay for specialty drug. Mail-order (90-day supply): $50 co-pay for preferred; $150 co-pay for non-preferred; $200 co-pay for specialty drug.
FLEXIBLE SPENDING ACCOUNT – The Flexible Spending Account allows you to reimburse yourself for non-covered health care and dependent care expenses on a “before tax” basis.
NOTE: Eligible employees must be active and participating in the Medical/Prescription plan on January 1, of the following year, to be eligible for the Health Care rebate. The dental plan premium is not eligible for the rebate.
LONG-TERM DISABILITY – Up to 60% of basic monthly earnings
LIFE & AD&D – Life is 3 x Annual Earnings; up to $1,000,000 maximum* Accidental death is equal to Life benefit. Acts of terrorism and war are excluded from accidental death benefit. Dismemberment coverage depends on circumstances.
LONG-TERM CARE – $1,000/mo facility; $500/mo home care; $36,000 max.
WORK LIFE BALANCE PROGRAM – A confidential Employee Assistance Program that provides professional support to employees.
EMERITI RETIREMENT HEALTH SOLUTIONS – Provided by the University to allow employees, upon retirement, to purchase supplemental Medicare coverage or to pay for other tax deductible medical expenses. The University will contribute an amount to each employee’s Emeriti account annually and the employee is encouraged to match that contribution at a minimum.
TIAA/CREF (Retirement Plan) – The employee contributes 5% of their salary and Northwood matches 5%. The employee is fully and immediately vested.
TUITION POLICY – Full-time employees, their spouses and dependents may take undergraduate Northwood classes tuition-free; Full-time employees may apply to receive tuition reimbursement for advanced degrees.
UNIVERSITY PAID HOLIDAYS – Most national legal holidays. In addition, Northwood employees receive the week between Christmas and New Year’s as a paid holiday, however some key departments may need to work one to two days during this time.
VACATION – Vacation is accrued through the academic year up to a maximum of 20 working days or four calendar weeks. Faculty and employees on ten month contracts do not accrue vacation.*
SICK LEAVE – Sick days are accumulated at the rate of one day per month to a maximum of 120 days.
PERSONAL DAYS – Employees receive 3 paid personal days during the fiscal year (prorated first year of employment depending on hire date). Faculty do not receive personal days.
WELLNESS – Semi-annual wellness challenges, quarterly newsletter from insurance company with new and current updates related to health, and annual health/wellness fair.