New State Employee Health Coverage Eligibility for Part-Time Faculty and Classified Staff
The Virginia Department of Human Resource Management (DHRM), which administers the state health benefits program, announced yesterday that, beginning June 25, 2014, part-time salaried faculty and classified staff who work 30 hours or more per week will be considered full-time for the purpose of health benefits and, thereby, eligible for the employer contribution to health […]
The VCU Cash Match Plan: What Is it? Am I Eligible?
The VCU Cash Match Plan provides eligible faculty and staff with matching cash contributions from VCU when they save for retirement in: the VCU 403(b) Tax Deferred Annuity Plan (“TDA/403b”), and/or the Commonwealth of Virginia Deferred Compensation Plan (“DCP/457”) When an eligible participant saves a minimum of $10 per pay period from his or her own paycheck, VCU […]
Disability coverage can provide income replacement when you are unable to work due to an illness or injury. Faculty and staff who are members of the Virginia Retirement System are covered by the Virginia Sickness and Disability Program (“VSDP”), except: Faculty and Classified staff hired by the Commonwealth prior to July, 1999 who remain in […]
How do I check my COVA HealthAware HRA balance?
Employees in in COVA HealthAware have a Commonwealth-funded Health Reimbursement Arrangement (“HRA”) as part of their health plan. To check your HRA balance, log in to Aetna Navigator at www.aetna.com and check the balance in your health fund. If you and/or your covered spouse have earned do-right credits for completing eligible health-related activities, you will see […]
What happens to my state health coverage when I retire?
Faculty and staff who retire with a Virginia Retirement System (VRS) defined benefit, and faculty covered by the VCU Optional Retirement Plan (ORP) who meet the age and service requirements for a VRS defined benefit under the VRS plan for which they were eligible at the time they elected the ORP, are eligible for the state retiree health benefits program as long […]
Making health plan changes outside of open enrollment
Open enrollment is the only time each year when faculty and staff can make changes to their health plans and covered family members for any reason or no reason at all. During the rest of the year, changes can only be made if the participant experiences a “qualifying mid-year event” that allows changes. For the […]