Boise State University Human Resource Services - Benefits

Insurance - NCPERS

  1. Eligibility
  2. Enrollment
  3. Waiting Periods
  4. Medical Insurance
  5. Dental Insurance
  6. Vision Insurance
  7. Monthly Health Insurance Premiums
  8. Mental Health, Substance Abuse and Employee Assistance Program (EAP) Benefits
  1. When Coverage Ends
  2. COBRA
  3. When You Retire
  4. Basic and Supplemental Life Insurance
  5. NCPERS
  6. Supplemental Insurance Programs
  7. Disability: Short and Long Term


Eligibility

All active members of the PERSI retirement system who are actively at work may enroll.


Enrollment

If you enroll within 60 days of your date of employment, you will become insured on the first day of the month coincident with or next following your first payroll deduction. If you enroll during the open enrollment period (usually September to November), your coverage begins on the first day of the month coincident with or following your first payroll deduction after open enrollment. Forms are available in HRS office.


Premiums

The employee pays the $16 per month premium. It is deducted from the first paycheck of the month.


Summary of Benefits

This is a group decreasing term life insurance. Coverage is provided by The Prudential Insurance Company of America. The premium is $16 per month regardless of age. The benefit to the beneficiary is contingent on the age of the member upon their time of claim. Benefits may be continued into retirement if the employee is insured as an active member and will receive a benefit upon retiring. If you are under 60 years old and become totally disabled for at least nine months, your insurance may be continued without further premiums, as long as you furnish annual proof of your continued total disability satisfactory to Prudential. If you are terminally ill with a life expectancy of six months or less, you may receive up to 50% of your life insurance benefits, up to $50,000 in advance, provided you have been with the NCPERS plan for at least one year. The death benefit payable to your beneficiary will be reduced by that amount.


Benefits are paid as follows:

  Member’s Coverage Dependent’s Coverage
Member’s Age at Time of Claim Group Decreasing Term Life Insurance Accidental Death & Dismemberment Total Benefit for Accidental Death Spouse Children

Less than 25

$225,000 $100,000 $325,000 $20,000 $4,000

25 – 29

$170,000 $100,000 $270,000 $20,000 $4,000

30 – 39

$100,000 $100,000 $200,000 $20,000 $4,000

40 – 44

$65,000 $100,000 $165,000 $18,000 $4,000

45 – 49

$40,000 $100,000 $140,000 $15,000 $4,000

50 – 54

$30,000 $100,000 $130,000 $10,000 $4,000

55 – 59

$18,000 $100,000 $118,000 $7,000 $4,000

60 – 64

$12,000 $100,000 $112,000 $5,000 $4,000

65 and over

$7,500 $7,500 $15,000 $4,000 $4,000