Medical Insurance |
Choosing a medical plan is one of the most important decisions to make. Because of this the University of Oklahoma offers a variety of medical options through Aetna. There is an open access managed choice option, a health fund option and a HMO option. The University provides paid coverage for benefit eligible employees under the Aetna Managed Choice option.
Aetna Managed Choice Plan |
$500 / $1000 |
80% in-network
$25 co-pay on office visits |
Aetna Health Fund Option |
$1500 / $3000 |
85% after deductible |
HMO Option |
$25 PCP visit |
No out-of-network benefits (except for emergencies) |
|
Dental Insurance |
The University of Oklahoma offers a Basic and Alternative dental plan. The Basic plan provides in-network benefit coverage of 90% for preventative services, then a $50 per person, per year deductible with an in-network benefit of 80% for Basic coverage and 50% for major coverage. The plan allows for an annual benefit of $1000 per person, per year. The Alternative plan offers a richer benefit. Orthodontia is not covered under the dental plans. |
| Life Insurance and Accidental Death and Dismemberment (AD&D) |
The University of Oklahoma provides Basic Life Insurance and AD&D as part of the core benefits package. The life insurance is equal to 1.5 times the employee’s annual base salary, plus $20,000 in AD&D coverage. Employees may purchase Supplemental Life Insurance up to an additional 3 times their base salary (Basic and Supplemental Life not to exceed 4.5 times annual salary) or $450,000 without providing proof of insurability. Additional AD&D coverage may be purchased up to $250,000. Dependent coverage is also available. |
Retirement |
The University of Oklahoma offers a variety of retirement programs, including defined benefit and defined contribution plans, voluntary employee-contributed retirement savings plans, and a University plan which allows continuation of some University-related privileges at retirement. Eligibility for and qualification for retirement from these plans varies depending on factors such as age and type of employment. See the OU Retirement Plan Overview Chart for more details.
|
Vision Insurance
|
Vision coverage is an optional benefit. This benefit allows for an eye exam and lenses annually and a new pair of frames every two years. There is a $15 co-pay for an annual eye exam and a $25 material co-pay for either lenses or frames. Choose from an extensive list of optometrists. |
Long-Term Disability Insurance |
No one expects to become disabled, but the financial burden can be reduced by Long-Term Disability (LTD) Coverage. The University of Oklahoma provides employees the opportunity to choose between three different levels of coverage for LTD. |
| Short-Term Disability Insurance |
The Short-Term Disability Plan is an optional insurance plan offered through AFLAC. Participants in this plan who become ill or injured and are not able to work may be eligible to receive continued income. |
Long-Term Care Insurance |
The Long-Term Care (LTC) Plan is an optional insurance plan. It provides coverage for nursing home and community-based care (which includes home health care) in the event the employee becomes disabled and can no longer care for him or herself on a day-to-day basis. |
| Flexible Spending Accounts |
There are two types of Flexible Spending Accounts (FSA), the Health Care Account and the Dependent Care Account. By signing up for a Health Care Account, you can set aside up to $5,000 annually for you or your family’s medical care related expenses. You may also sign up for up to $5,000 of Dependent Care Expenses. The money deposited in a reimbursement account is not considered taxable income and is therefore exempt from income taxes. |
Employee Assistance Program
(See Wellness) |
The University of Oklahoma offers an Employee Assistance Program (EAP). The EAP provides confidential consultation and referral in areas such as: job concerns, work relationships, mental health, chemical health, supervisor consultations, loss or change, family relationships, stress. |
Educational Assistance |
Full-time permanent faculty or staff members enrolling in regular course work at the University of Oklahoma will be charged ½ the tuition for such work up to 6 hours per semester or 3 hours per summer session. Scholarships are available for their dependent children. |
Paid Time Off |
The University of Oklahoma provides paid time off for vacation, holidays, short-term illnesses and other personal reasons. New employees may accrue up to 27 paid days off their first year of employment. The rate of accumulation increases as your years of service increase. |
Paid Holidays |
Each academic year, the University recognizes 11 holidays including New Year’s Day, Martin Luther King Jr. Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day, plus four other holidays as listed in the annual holiday schedule. Employees eligible for benefits will be excused from work with pay on those days recognized by the University as holidays. |
Employee Discount Program |
The University of Oklahoma has partnered with local business to provide discounts for goods and services. Some examples would be discounts on flowers, museums, vehicle maintenance, health and beauty aides, and much more. |
Exercise Facilities
(See Wellness) |
Employee wellness is a priority at the University of Oklahoma. A variety of resources are available to point the way toward better health and well-being for University employees and their families. The University of Oklahoma offers discounts to on-campus work out facilities. |
