AFLAC Insurance

Flexible Spending Accounts (FSA)

Flexible Spending Accounts (FSA’s) are administered by AFLAC insurance.  This plan allows you to set aside money on a pre-tax basis to cover Health Care and Dependent Care expenses not normally covered by either your health plans and/or to pay for your child care or elder care expenses.

Health Care Expense Account

As of 1/1/14, you may set aside up to $ 2,500 annually on a PRE-tax basis to pay for out-of-pocket health care related expenses that your health, dental, and vision plans do not already cover.

Dependent Care Account

As of 1/1/14, you may set aside up to $5,000 annually on a PRE-tax basis to pay for dependent care expenses.

Supplemental Insurance from
American Family Life Assurance Company (AFLAC)

The Research Foundation makes AFLAC policies available as a cost-effective solution to help eligible employees with the rising cost of out-of-pocket health care expenses. These supplemental AFLAC policies are 100% employee-paid and are available on a voluntary basis.

AFLAC's voluntary benefits include:

Personal Cancer Indemnity

Helps offset the medical expenses related to cancer treatment

Hospital Confinement Indemnity

Benefit includes payments for hospitalization, heart attack, stroke and paralysis as well as surgery

Short Term Disability

Replaces income lost due to off the job accidents or extended illness

Long Term Care

Financial assistance if you have a chronic condition leaving you unable to care for yourself for an extended period of time

Life Insurance

Provides up to $100,000 of quality term life, whole life or a combination of both on a very competitive basis

Dental

Provides basic, preventive, and major dental benefits with cash payouts for specific procedures - whether or not you have other dental or medical coverage

 

Portable Benefits

You can continue being enrolled in these plans even if you are no longer employed by the Research Foundation, so long as you keep paying the premiums.