Life Insurance

All permanent employees working 18.75 hours or more per week (project employees ineligible) are eligible to purchase group term life insurance through Maine Public Employees Retirement System (underwritten by Aetna). Employees have 31 days from their date of hire to enroll without providing evidence of insurability (EOI). To enroll or upgrade coverage, an EOI application must be forwarded to MainePERS. Coverage is effective upon approval. To decrease or cancel coverage, a cancellation / reduction MainePERS form needs to be completed.

Coverage
Coverage is purchased in increments of the employee's annual salary rounded to the nearest $1,000. Employees may purchase basic and then either an additional one times, two times or three times their salary. The cost is $0.115 per $1,000 coverage per week. Rates for supplemental insurance for all participants are "age-based."

Dependent Coverage
Dependent coverage is available with the purchase of basic coverage. There are two plans:
  • Plan A at $0.49 per week which provides $5,000 for spouse, $5,000 for children six months or older, $1,000 for children zero to six months
  • Plan B at $0.85 per week which provides $10,000 for spouse, $5,000 for children six months or older, $2,500 for children zero to six months
Payroll deductions are on a pretax federal, state, and Medicare basis, deductions are taken four weeks of each month (months in which there are five pay dates, no deduction on the fifth pay date).