IMSA’s Comprehensive Employment Benefits
As a state-funded institution, employment benefits are provided by the State of Illinois. Our fiscal year for employment benefits runs from July 1 – June 30. The State Universities Retirement System of Illinois (SURS) provides retirement benefits. The package offers:
Major Medical Plans
Several options include two HMOs, three OAPs, a PPO, and a High Deductible Plan.
Vision Service Plan
Vision benefits are provided through EyeMed Vision Care.
Prescription Drug Plan
Prescription medication coverage is provided through the health plan’s Prescription Benefit Manager. Benefits include reasonable co-pays, pharmacy options, and a maintenance medication mail service.
Flexible Spending Account Program
State employees can save money by taking advantage of several pre-tax programs. Options include flexible spending accounts (FSA), commuter savings program, and the Deferred Compensation Plan, including 457 and 403b. ConnectYourCare provides services for medical and dependent care flexible spending programs. Commuter Check Direct provides services for the commuter savings program.
The State of Illinois provides one times an employee’s annualized salary in term life insurance at no cost to the employee. Employees can purchase, at reasonable rates, an additional eight times their annualized salary and dependent and spousal insurance—services provided by MetLife.
Behavioral Health Program
The behavioral health benefit can be used to diagnose and treat mental health and substance abuse disorders. The Employee Assistance Program (EAP) services are available to all employees and dependents enrolled in one of IMSA’s major medical plans. EAP benefits are provided through ComPsych.
SURS Retirement Plans
State University Retirement System (SURS) administers IMSA’s retirement plan. Employees have several options, including traditional, portable, and self-managed plans. SURS is reciprocal with other state retirement systems such as TRS and IMRF.