TITLE
Title
APPROVE CALENDAR YEAR 2025 OPEN ENROLLMENT BENEFITS CONTRACTS AND PREMIUM AND DISCOUNT RATES
end
SPONSOR
Sponsor
Jaime Joyner & Mirna Simaan
end
BACKGROUND
Background
Guilford County provides a comprehensive and competitive benefits package as a part of our total rewards. Staff proposes to continue our existing benefit options as described below. There are no changes in employer or employee contribution rates across the various benefit offerings. Some supplemental benefits, if elected, will have rates that vary based on age and income. The County's cost is estimated to remain approximately the same for calendar year 2025.
UNUM
The County has an existing carrier relationship with UNUM for these benefits.
*Basic Life and Accidental Death & Dismemberment (AD&D) - The County pays the full cost for Basic Life and AD&D. If approved, the County's cost is estimated to remain approximately the same for 2025.
*Supplemental Life Insurance - This is a voluntary insurance that employees may elect to provide additional life insurance coverage. For employees that elect this coverage, the County pays up to a maximum of $5.33 per employee per pay period. If approved, the County's cost is estimated to remain approximately the same for 2025.
*Short Term Disability - This is a voluntary insurance that employees may elect at full cost to the employee. The County makes no contribution towards this voluntary benefit.
*Long Term Disability - This is a voluntary insurance that employees may elect at full cost to the employee. The County makes no contribution towards this voluntary benefit.
*Hospital Indemnity Insurance - This is a voluntary insurance that employees may elect at full cost to the employee. The County makes no contribution towards this voluntary benefit.
*Critical Illness & Emergency Care Insurance - This is a voluntary insurance that employees may elect at full cost to the employee. The County makes no contribution towards this voluntar...
Click here for full text