Cafeteria Plan Funding
Cafeteria Plan Funding for the Medical Base Plan
If electing the Base Plan, employees will receive $750.00 (or $62.50 per month). Part-time employees will receive a prorated Cafeteria Plan contribution based on the employee's percentage of assignment. An employee hired mid-year will receive a cafeteria plan contribution based on the remaining pay periods for the year. This Cafeteria Plan contribution of $750 will be applicable to the following insurance coverages:
- Employee's portion of medical premium (applicable to part-time employees only)
- Health Savings Account
- Dependent Medical Insurance
- Employee and Dependent Vision Insurance
- Employee and Dependent Dental Insurance
- Dependent Care Assistance Plan Account or Medical Reimbursement Account
Cafeteria Plan Funding for the Medical Accelerated Plan
If electing the Accelerated Plan, employees will receive $250.00 (or $20.83 per month). Part-time employees will receive a prorated Cafeteria Plan contribution based on the employee's percentage of assignment. An employee hired mid-year will receive a cafeteria plan contribution based on the remaining pay periods for the year. This Cafeteria Plan contribution of $250.00 will be applicable to the following insurance coverages:
- Employee's portion of medical premium
- Dependent Medical Insurance
- Employee and Dependent Vision Insurance
- Employee and Dependent Dental Insurance
- Dependent Care Assistance Plan Account
- Medical Reimbursement Account
If Cafeteria Plan dollars are not spent in full, remaining dollars cannot be spent on other benefits or credited to the employee. If you have questions about the University’s benefits, you may call Donna Spencer at (573) 651-2855 or Cynthia Paul at (573) 986-7365. You may also email us at benefits@semo.edu.