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Life Insurance
For HSTA Members Only: Insurance
Members of Bargaining Unit 05 receive their health insurance coverage (medical, dental, vision, chiro)
via the HSTA Voluntary Employee Beneficiary Association (VEBA) Trust.
When a Bargaining Unit 05 member is an HSTA member, many additional insurance programs become available,
like the program offered on this page.
Our insurance coverages are special offerings for HSTA members only.
Take advantage today!
Life Insurance for HSTA Members Only
Based on the member's age, life insurance coverage can be purchased to a maximum of $149,500 for the active member,
$18,500 for a spouse, and $2,000 for each child under age 23, provided the child is a full time college student.
For Retired HSTA Members, the maximum coverage is $50,000.
To eliminate the health questionnaire requirement, members have 60 days after becoming an HSTA member to enroll
in life insurance coverage, or can sign up during open enrollment periods.
For your convenience, premiums are paid via payroll deduction.
What is Life Insurance?
Life insurance provides a lump sum of money to beneficiaries upon death of the insured. It is intended to replace
the deceased's loss of current and some future income. Whether the insured dies of natural or accidental causes,
his/her beneficiaries will receive lump payments. Whether or not to purchase life insurance, and how much, is a
personal choice based on what the person is trying to protect. Life insurance can help:
| Replace the loss of future income |
| Provide the ability for a spouse/partner to keep a home |
| Allow a surviving partner to raise and educate children |
| Unlike whole life insurance, term insurance has no cash value |
How much insurance to purchase?
The amount of insurance needed, if any, depends on individual circumstances. Many people find that as they get
older they need less life insurance. If there are adequate retirement savings, the mortgage is paid, and children
and elderly parents are financially independent, very little or no life insurance may be needed. However life
insurance may also play a role in choosing retirement income options, depending on the health of the employee
and/or dependents. Life insurance should be viewed in the context of the individual's total financial plans.
Determining insurance needs requires evaluating current and future assets as well as expenses such as:
| Costs of staying in your home |
| Child care costs |
| Elder care costs |
| College expenses |
| Education/training/re-training for a spouse or partner currently working at home |
| Costs of assisting a disabled family member |
How to enroll
Teachers have 60 days after becoming an HSTA member to enroll in the life insurance program without being subject
to medical review. ATPA automatically sends application forms to HSTA members.
If you did not receive an application, please contact the ATPA office.
After the 60-day window, should an HSTA member want to enroll in the life insurance program, s/he should contact
the ATPA office. Enrollment is allowed subject to a medical review.
Filing a claim
If a member must file a claim for life insurance, s/he should contact the ATPA office.
Paying premiums
For your convenience, life insurance premiums are paid via payroll deduction. To determine whether the
correct amount is being deducted from your paycheck, contact the ATPA office.
Insurance and premiums during leave of absence
Members who take a leave of absence from the DOE will be billed for their premiums.
To ensure uninterrupted coverage, teachers should inform ATPA that they will be on leave, or are currently on leave.
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