Level 1
What does the insurance term out-of-network benefits mean?
Out-of-network benefits refers to UT SELECT medical plan subscribers living in Texas and certain areas of New Mexico and Washington D.C. who receive medical benefits from providers that are not part of the Blue Cross Blue Shield of Texas (BCBSTX) Preferred Provider Organization (PPO) network.
How do I pay my retiree insurance premiums?
For detailed information on the payment options available for retiree insurance premiums, go to the Payroll Services Retiree/Surviving Dependent Insurance Billing Information page.
What is our Optional Coverage?
What is the Vesting period for TRS?
5 years
How does a Graduate Student Fellow Enroll in UT Select?
To enroll in the university's employee insurance plans, you must submit a completed Graduate Student Fellow Insurance Enrollment/Change Application, and any required Proof of Relationship Documents to the Human Resources Service Center (HRSC) within 31 days of the start of your fellowship.
What is an insurance premium?
A premium refers to the total monthly cost of insurance coverage.
What is my Benefits ID (BID)?
A BID is a unique identifier that has been assigned to every benefits recipient at The University of Texas at Austin. You can find your BID by logging on to the My Insurance Benefits page. You can also visit the Benefits BID Lookup page to find your BID. The BID is useful when visiting your medical, dental, vision providers, and pharmacies.
What is the Employee Contribution for TRS?
8.0%
What is the vesting period for ORP?
A year and a day?
What are our 5 retirement providers?
1. Fidelity
2. Lincoln Financial
3. TIAA
4. VALIC
5. VOYA
What is the university's insurance "plan year"?
The University of Texas at Austin's insurance plan year is the period from September 1 through August 31. It is the same as the university's fiscal or academic year.
What are UT FLEX Flexible Spending Accounts?
UT FLEX is a plan authorized by the Internal Revenue Service (IRS) that lets you set money aside from your monthly earnings for placement in health care and/or dependent day care reimbursement accounts before taxes are withheld.
What is the Employer Contribution for TRS?
7.75%
Who is eligible to participate in the voluntary retirement programs?
All employees are eligible to participate in the voluntary retirement programs.
What is the rule of 80 before August 31st 2003?
Individuals employed in a benefits eligible position on August 31, 2003:
When can an employee receive benefits?
Benefits are available to eligible employees who are appointed for at least 50% time. Some benefits may also be available to eligible employees appointed for less than 50% time, as well as temporary employees and student employees.
How can an employee make a benefit change outside of open enrollment?
Through a Change of Status
What is the Employee Contribution for ORP?
6.65%
Who is eligible for ORP and who notifies the employee?
Optional Retirement Program (ORP) is only available to certain employees in specific job codes. Employees that are eligible for the ORP are notified by Benefits and Leave Management via DocuSign.
What is the rule of 80 after August 31st 2003
Individuals whose first date of employment in a benefits eligible position was on or after September 1, 2003:
What is our default mandatory Retirement program?
The Teacher Retirement System of Texas (TRS) is the default mandatory retirement program.
What is our Basic Coverage?
What is the Employer Contribution for ORP?
What are the two voluntary retirement programs we offer?
UTSaver TSA 403(b) and DCP 457(b)
Do surviving dependents receive premium sharing?
No, they are responsible for paying for the full premium.