Voluntary Benefits
Marymount University offers several voluntary benefits that may be available through convenient payroll deduction. These optional benefits can add an additional sense of security for many individuals and are made available to University employees at reduced group rates. To learn more about the different voluntary benefits see the information below:
Farmers Insurance
As a Marymount University employee, you have access to auto and home insurance from Farmers GroupSelect. This program provides you with special savings, outstanding customer service, and a full suite of products. In addtion to auto and homeowners insurance, we offer a variety of other policies and endorsements. Direct-bill program coming soon January 2024.
Legal Resources
With over 70% of Americans having a legal need each year, Legal Resources gives you and your family access to an attorney for everyday needs. Whether your legal matter is expected or unexpected, you’ll have immediate and ongoing access to our network of highly rated law firms.
You pay no attorney fees for all Fully Covered Services, which include will preparation, traffic court, advice and consultation, real estate matters, uncontested divorce, billing disputes, and more! Pre-existing legal matters are even covered at a 25% discount. Payroll deduction. Click here for more information or go to www.legalresources.com to enroll online.
Long Term Care Insurance
Long-term care insurance can help by covering a wide range of medical and non-medical services including custodial help with daily activities, nursing care and skilled nursing services at home, adult day care, respite care, assisted living and nursing home care. As a full-time, benefit eligible employee, you and your family members can now get this direct-billed coverage at competitive group rates. Coverage under this Program is fully portable, so it can move with you if you change jobs, retire or leave the University. For more information click here or go online to www.genworth.com/marymount.
Metro SmarTrip
Marymount has partnered with the Washington Metropolitan Area Transit Authority (WMATA) to offer employees transit and parking benefits using Metro SmarTrip cards. Payroll Deduction. The amount you designate for this benefit will be deducted on a pre-tax basis from your paycheck of up to $300 per month for transit and $300 for the parking. The SmarTrip card can be used to ride the Metro (bus or rail) and pay for parking at area Metro stations.
How it works:
- Employees choose the amount they want deducted from their bi-weekly paycheck for transit and/or parking expenses by completing the enrollment form and submitting it to Human Resource Services. The amount of the deduction, subject to the applicable limits, is not taxable.
- The payroll deduction is taken out prior to receiving your monthly SmarTrip dollars. If you return your form to the Human Resources Office before the 15th of the month, your benefit will be effective on the first of the following month.
- You must claim your SmarTrip Dollars each month by adding it to your card at a Passes/Farecard Metro machine. If the money is not added to your card by the last day of the month, that money will roll-over.
Pets Best
Pets Best is a program designed to provide coverage for your dog/cat that fits your needs and budget. The plan can cover accidents, accident related diagnostic exams, wellness visits, and illness. This is direct-billed, get a quote or enroll at https://www.petsbest.com/lp/marymount-university?CI=marymount or call (800) 984-8700.
Voluntary Life Insurance
In addition to the university paid basic life insurance plan, you may purchase additional life insurance for yourself and /or dependents at your own expense. Payroll deduction. Elect the option in Workday in the Benefits module.
New employees
Voluntary life insurance can be in increments of $1,000 up to a maximum of five (5) times your annual salary not to exceed $500,000. An Evidence of Insurability Form is required for amounts over $150,000.
Spousal life insurance can be purchased in increments of $1,000 up to $150,000. An Evidence of Insurability Form is required for spousal coverage amounts of $30,000 or more.
Existing employees
Voluntary life insurance can only be increased during open enrollment or in the event of a qualifying life event. During these times you may increase your coverage in increments of $1,000, up to $500,000. Employees either electing coverage for the first time or increasing coverage must complete an Evidence of Insurability Form.
- Life benefits begin to reduce at age 70.
- This plan contains a premium waiver. If you become disabled and are no longer able to work, your premiums will be waived during the period of disability.
- This plan also has an accelerated benefit option, which pays 100% of the benefit for the terminally ill up to a maximum of $250,000.
Spousal life insurance can only be increased during open enrollment. The entire elected amount of coverage will be subject to Evidence of Insurability.
Child Benefit
This life benefit can be purchased in increments of $1,000 up to a maximum of $10,000. Employees can only elect dependent life insurance (spouse and child) if they have elected voluntary life insurance for themselves.
