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Brief Summary of Employee Benefits
NOTE: Summary of Benefits as determined by
applicable Collective Bargaining Agreements
HEALTH COVERAGE OPTIONS*
Hofstra Exclusive Provider Option (EPO) – Utilizing the United Healthcare network of healthcare providers and facilities. Care must be received within the UHC network. Referrals are not required.
Hofstra Point-of –Service (POS) – Also uses the United Healthcare network, but allows for coverage outside the network as well, after satisfaction of an annual deductible.
Optional Plans:
- Oxford HMO (Liberty Network)
- Vytra Health Plans HMO and POS
All plans include prescription drug coverage.
VISION and DENTAL COVERAGE
If you enroll in the Hofstra POS plan, in addition to medical coverage, you and your family (if applicable) will also receive vision benefits, through EyeMed Vision Care.
If you enroll in the Hofstra EPO plan, in addition to the medical coverage, you and your family (if applicable) will also receive vision benefits through EyeMed Vision Care, and Dental Benefits under the MetLife Preferred Dentist Program. This plan allows for coverage within and outside of the MetLife Dental Network.
However, if you choose one of the Oxford or Vytra options, you may enroll in the MetLife Indemnity Dental plan. This plan is contributory and is only available for individual (employee) coverage -- it does not cover dependents.
PENSION PLAN
The Hofstra University Pension Plan is a tax deferred annuity arrangement (IRS Code Section 403(b) annuity). The plan is voluntary with a one-time irrevocable election to participate which begins after you reach age 26 and you meet the eligibility requirements.
TAX DEFERRED ANNUITY PLAN
In addition to the Pension Plan, Hofstra also offers a voluntary plan for additional pre-tax contributions over the mandatory amounts required for the pension plan. IRS regulations govern the maximum annual contribution you can make to this plan.
OTHER BENEFITS
Hofstra University offers many additional benefits including
- Life Insurance (both University paid and optional contributory)
- Long Term Disability
- Tuition Remission
- Tuition Exchange
- Tuition Scholarship
- Health and Dependent Care Flexible Spending Accounts
- Commuter Benefit Account
- Paid holidays
- Paid vacations
- Free or discounted tickets to University events
For detailed information on any of the Hofstra University benefits, please contact Ira Kolko, Associate Director of Human Resources at 516-463-4376 or via email.
The information provided here is for information purposes only and is not meant to replace or supplement the Plan Documents, Summary Plan Descriptions or applicable Collective Bargaining Agreements.