Bucknell University Faculty Summary of Benefits 2016 Medical Plans
Our Faculty
The University provides three health care options.
   Faculty share a portion of the premium cost, determined using a percentage of salary
method.
Single
EE & Partner
EE & Child(ren)
Family
HDHP
0.8%
2%
1.2%
3.3%
HMO
2.0%
4.3%
2.4%
5.2%
PPO
2.5%
5.3%
2.9%
6.6%
   Bucknell University recognizes
that each faculty member
presents unique and highly
individual needs. The benefit
program at Bucknell is
designed with this individuality
in mind. To that end, Bucknell
offers a varied benefits
selection for all visiting and
tenure-track faculty members.
Life and Disability
Eligibility
Basic Life, AD&D, and Long-Term Disability are provided at no cost. Disability has a
one year waiting period. Supplemental coverage is also available at group rates.
With the exception of noted
waiting periods, faculty are
eligible for benefits effective the
date of hire.
Basic Life – 1x annual salary up to $50,000
Disability – 60% of monthly earnings up to $13,333.34
Supplemental Life - $25,000 increments up to $500,000
Individual Disability – 15% of monthly earnings
   Dental Plans
The University offers two dental plans through United Concordia for a per month cost:
Single
EE & Partner
EE & Child(ren)
Family
Low
$8.06
$23.85
$26.08
$48.48
High
$16.71
$40.75
$48.29
$83.55
   Vision Plans
Faculty can elect membership in an eyewear discount plan for a $9 annual fee, or a
vision insurance plan through Vision Benefits of America (VBA) for a monthly charge:
Single
$7.00
EE & Partner
$11.88
EE & Child(ren)
$12.25
  
   Family
$16.40
Part-time faculty are eligible for
individual coverage, with the
option to purchase coverage for
eligible family members at full
cost.
Full-time faculty have the option
of covering eligible family
members.


Spouse/spousal equivalent
Your children under the age
of 26 (including stepchildren, the children of a
spousal equivalent, and
children in your legal
custody.)
Flexible Spending Account (FSA)
These accounts allow faculty to set aside money to pay for
qualified health care and/or dependent care expenses. The
use of an FSA reduces income for Federal and Social
Security tax purposes
   Holidays
The University recognizes seven national holidays: New
Year's Day, Martin Luther King, Jr. Day, Memorial Day,
Independence Day, Labor Day, Thanksgiving Day, and
Christmas Day. In addition, there is a reduced schedule the
day before Thanksgiving and the Friday after Thanksgiving,
and 5 days designated annually leading up to the New Year
holiday.
   Tuition Benefits
The University has four tuition programs. Years of service
in other benefits eligible positions in Higher Education
count toward the waiting periods for these benefits.
Tuition Remission ~ Classes at Bucknell
2 courses per
Faculty
semester
Immediate
Spouse/Spousal
2 courses per
Equivalent
semester
Immediate
Spouse/Spousal
Equivalent
Full time
5 years
Child(ren)
Full time
5 years
Tuition Exchange ~ tuitionexchange.org
Child(ren)
Full time
5 years
Tuition Grant ~ Cash payment program
Child(ren) *
Full time
10 years
Informal Tuition Exchange with Susquehanna University
2 courses per
Faculty
semester
Immediate
Child(ren)
Full time
5 years
*Grant program limited to 16 semesters per faculty member
   Retirement Plan
The retirement program is provided through TIAA-CREF on
a contributory basis. After a one year waiting period*, the
University will contribute an amount equivalent to ten
percent of base salary.
Upon eligibility, faculty members are required to contribute
either 6 % of salary, or 6% of salary minus $17,700
Participants are 100% vested from the date of enrollment.
*The waiting period may be waived if the faculty member
had employer contributions to a qualified 403(b) plan
through another non-profit institution within the prior 12
month period.
Be Well Program
Bucknell's Wellness Initiative is a suite of tools and
resources faculty can use to become their happiest and
reach their full potential — however they wish to define it for
themselves. Participation in the Be Well program is
voluntary. Participants have the opportunity to earn an
annual cash incentive for participation in the program.
   University Access
ID Card - Faculty have free access to the University fitness
facilities, most sporting events, discounts at Weis Center
events, a discount at the Barnes & Noble University
Bookstore, and access to many Library & IT services.
Parking - Parking is free. Faculty may get parking decals for
up to three vehicles.
Bucknell University provides equal opportunity without regard to race, color, gender, gender identity, sexual orientation, age, religion, national or ethnic origin, marital status, veteran status or disability in admissions, employment and in all of its educational programs and activities. Kelley A. Adams‐Verge, Benefits & Wellness Manager Faculty Summary of Benefits Adams-Verge, Benefits & Wellness Manager
Kaav001@bucknell.edu, 570‐577‐1340Kelley
KAAV001@bucknell.edu, 570-577-1340