Youngstown State University employees who meet the eligibility listed below are eligible to participate in the Life Insurance plan. Coverage becomes effective on the date the employee meets the eligibility requirements :
- Faculty – fulltime
- YSU Police – fulltime
- Administrative – fulltime and part time (.50)
- Administrative Excluded – fulltime and part time (.50)
- Classified – fulltime and part time (.50)
- Classified Excluded – fulltime and part time (.50)
Benefits You Receive
Youngstown State University provides life insurance in the amount of 2.5 times your basic annual compensation (rounded to the next higher $1,000) to a maximum benefit of $250,000. Basic compensation does not include supplemental pays such as overtime, overload. It does include deferred earnings under the retirement plans such as STRS, OPERS, ARP and voluntary 403(b) contributions.
Accidental Death and Dismemberment covers a percentage of the full benefit for the loss of a limb. A loss of life would provide another death benefit of 2.5 times your annual compensation.
Employees are asked to keep updated beneficiaries on file in Human Resources.
Employees who want to supplement their group life insurance benefits may purchase additional coverage. When you enroll yourself and your dependents in this benefit, you pay the full cost through payroll deductions. You can purchase coverage on yourself and your spouse in $10,000 increments. Minimum coverage is $10,000 and maximum coverage is $500,000 (employee) and $250,000 (spouse). Coverage is available for children in the amount of $5,000 for ages 6 months up to age 26.