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HEALTH BENEFITS |
Coverage is available through FirstCare Health Plans. Effective date of coverage is the fist day of the month following completion of a 30 day waiting period. Premium costs to the employee are set by LCU annually. |
| HEALTH SAVINGS ACCOUNT |
Employees enrolled in the high deductible health plan may be eligible to deposit funds on a pre-tax basis to an individually owned medical savings account. Eligibility is subject to IRS limitations. |
| LIFE INSURANCE |
At no cost to the employee, LCU provides up to 15,000 term life and accidental death insurance subject to the limitations and exclusions of the policy. |
| LONG-TERM DISABILITY |
At no cost to the employee, LCU provides a long-term disability insurance base plan. |
| EMPLOYEE ASSISTANCE PROGRAM |
At no cost to the employee, EmployeeConnect services are available 24 hours a day, 7 days a week with confidential support, guidance and resources, no matter what the issue. |
| DENTAL and VISION |
Coverage is available for purchase by the employee. |
| SUPPLEMENTAL INSURANCE COVERAGE |
Additional insurance products are available through AFLAC and Dorothy J. Price Insurance. |
| CAFETERIA [Section 125] PLAN |
Employees may elect to have cost for selected benefits deducted from their paycheck on a pre-tax basis, resulting in lower taxes. |
| WORKERS’ COMPENSATION INSURANCE |
Coverage is provided to all employees for injuries that may occur while in the course of performance of duties. |
| 403(b) TAX DEFERRED RETIREMENT PLAN |
Full-time employees may make salary reduction contributions to the Plan with no waiting period. A matching contribution up to 4% of participants’ base salary is contingent on length of service. |
| LUBBOCK CHRISTIAN SCHOOLS |
Children of full-time LCU employees may attend LCS grades K-12 at a tuition discount of 40%. |
| TUITION ASSISTANCE |
A percentage of the tuition may be waived for the employee, for spouse and their dependent children from 50% to 100% contingent on length of service and specific program limitations. |
| SISTER-SCHOOL TUITION DISCOUNT |
Other Christian Universities award tuition discounts to eligible dependents of full-time LCU employees. |
| CHARGE PRIVILEGE |
Regular full-time and part-time employees may sign a charge privilege agreement to charge bookstore items and cafeteria meals to their personal employee account. |
| GROUP MEMBERSHIP PROGRAM |
Regular full-time and part-time employees may join as Sam's Club Group Advantage Members at a reduced rate and enjoy warehouse Club savings. |