Voluntary Benefits (Cafeteria Plan)
When you enroll for any voluntary deduction to be paid pre-tax it becomes subject to the IRS regulations. Under the IRS regulations, you may not opt out of any pre-taxed plan during the plan year. You must remain enrolled for the full plan year, unless a qualifying event occurs. Check with human resources to see if your event qualifies.
FLEXIBLE SPENDING ACCOUNT - MEDICAL REIMBURSEMENT AND DEPENDENT CARE
College of Central Florida's Flexible Benefits Plan includes a Flexible Spending Account (FSA) available through Custom Benefits Services. Employees pay for unreimbursed medical expenses and/or dependent care on a pre-tax basis. More information can be found under Flexible Spending Account.
LONG TERM DISABILITY & SHORT TERM DISABILITY
OneAmerica Long and Short Term Disability plans are offered through Custom Benefits Services. You may enroll for either or both plans. Newly hired employees may enroll during the first 30 days of employment, no health questions are asked and guaranteed issue. Existing employees, not currently enrolled, may not enroll until the next Open Enrollment period. If enrolling at a later date, you will be required to answer health questions and coverage is not guaranteed. The plan year runs January 1 - December 31 each year.
Both Long Term and Short Term Disability are post-tax benefits.
CANCER INSURANCE
Allstate Cancer Insurance is offered through Custom Benefits Services on a pre-tax basis. The plan pays 28 total benefits including: Hospital Confinement, Radiation/Chemotherapy, Surgery, and Transportation. The plan also pays up to $100.00 per year for annual wellness checkups. Benefits are paid directly to the employee and coverage is portable at the same rate guaranteed for life. Employee and Family coverage offered. Newly hired employees may enroll during the first 30 days of employment. Existing employees, not currently enrolled, may not enroll until the next Open Enrollment period. The plan year runs January 1 - December 31 each year.
MEDICAL GAP PLAN
Allstate Medical “Gap” Plan is offered through Custom Benefits Services on a pre-tax basis. It was designed to fill the gap between what your health insurance pays and what employees must pay out of pocket toward deductibles and copayments. There is a “low” plan and a “high” plan. Employees may also cover family members even if they are not on the college health plan. Benefits are paid directly to the employee and coverage is portable. Newly hired employees may enroll during the first 30 days of employment. Existing employees, not currently enrolled, may not enroll until the next Open Enrollment period. The plan year runs January 1 – December 31 each year.
LIFE INSURANCE
In addition to the college sponsored life insurance plan offered through The Standard, employees have the option to purchase additional insurance:
- The Standard Supplemental Life Insurance offered through CF on a post-tax basis.
- Universal Life Insurance offered through Custom Benefits on a post-tax basis.
- Symetra Life Insurance offered through Gabor on a post-tax basis.
- Symetra combined Long Term Care/Life Insurance option offered through Gabor on a post-tax basis.
See more information under Life Insurance
DENTAL
VISION
AFLAC
AFLAC offerings are post tax benefits offered directly through AFLAC. Please contact an AFLAC representative for more information.
CONTACT INFORMATION