Optional Insurance Benefits

PEBB Life, Disability, and Long-term Care Optional Insurance

Optional benefits are voluntary choices you purchase on your own.  Below is a brief summary of the optional benefits available. For additional information, visit the PEBB Optional Insurance Coverage webpage.

• Employee Life Insurance – You are eligible to enroll in a $100,000 guarantee issue policy (no medical history statement required), if you enroll within 30 days of eligibility (initial hire or benefits eligibility).  You may purchase up to $600,000 in term life coverage. A medical history statement is required for any amount above $100,000. 
• Spouse/Domestic Partner Life Insurance – You are eligible to enroll in a $20,000 guarantee issue policy (no medical history statement required), if you enroll within 30 days of eligibility (initial hire or benefits eligibility). You may purchase up to $400,000 in term life coverage. A medical history statement is required for any amounts above $20,000.
• Dependent Life Insurance – You may purchase a basic $5,000 policy on each of your dependents.
• Short Term Disability – Provides income replacement if you are injured/disabled for a short period of time and not able to work. (Seasonal Employees are not eligible to enroll in short  term disability plans). Short term disability can also be used for pregnancy related disability and the recovery period after the birth.
• Long Term Disability – Provides income replacement if you are injured/disabled for a period of time and not able to work. (Seasonal Employees are not eligible to enroll in long term disability plans)
• Accidental Death & Dismemberment – Coverage available for employee only or employee and dependents.  Policy covers accidental loss of life, limb, hand, foot, hearing, speech, sight, or thumb and index finger on the same hand.
• Long Term Care – Plans available for employee and eligible family members. You can enroll at any time during the year. Medical history statement and approval of provider is required. There is a guarantee issue policy for the employee if enrolled within 30 days of hire, coverage level of up to $4,000/month benefit with a duration of 3 to 6 years (no medical history statement is required for the guaranteed issue amounts).

Flexible Spending Accounts (Tax Savings Accounts)

• Flexible Spending Accounts (FSA) – Allows you to use pre-tax dollars to reimburse yourself for qualified health care and dependent care expenses.  You forfeit any funds that you don’t use and claim for valid expenses by the deadline.  ASIFlex Additional Information on FSA accounts. Expenses for a domestic partner and/or domestic partner’s children is not an allowable expense in the Federal Flexible Spending program.  Expenses for a same sex domestic partner and/or same sex domestic partner's children can be covered under the State of Oregon Flexible Spending program.
• Commuter Flexible Spending Accounts - Two types of Commuter accounts based on IRS codes are available to save you taxes on commuter expenses:  1) Commuter Transportation Account; 2)Commuter Parking Account (for parking expenses that ARE NOT already taken out of your paycheck on a pre-tax basis).  ASIFlex Additional Information on Commuter Accounts 

OSU Life

This plan is closed to new enrollment.