Business Affairs

Summary of Benefits

Illinois College offers an extensive benefits package to all full-time employees. Benefits include dental, health, vision, disability, and life insurance. In addition to our insurance plans we offer a flexible spending account, tuition remission/exchange and generous vacation and sick leave.
Dental Insurance
The College offers group dental insurance at the employee's expense. There are two plans to choose from, high and low. The coinsurance and premiums are the only difference in the plans.
Health Insurance
The Colleges pay a portion of the premium for group health insurance. We offer a high deductible PPO plan with a Health Reimbursement Account (HRA). The College pays the first portion of the annual deductible via the HRA which is administered by Benefits Planning Consultants (BPC).

Vision Insurance
The College pays for vision insurance for all full-time employees. The employee can choose to add coverage for their dependents at their expense.

Life Insurance
The College pays the life insurance premium for coverage equal to one times the employee's salary. The employee has the choice of selecting coverage of one, two or three additional times their salary at the employee’s expense. Additionally, the employee can purchase term life insurance coverage for their spouse or domestic partner and dependents.

Disability Insurance
The College pays 50% of the long-term disability benefit.

Other Insurance
The following are available at employee’s expense: supplemental AFLAC insurance coverage including accident, short term disability, cancer, specified health event, and long-term care.

Flexible Spending Account
The College offers a flexible spending account (FSA) through TASC FlexSystem. The College does not contribute to this account, however, benefits are tax-free.

Retirement Plan
The College participates in the Teachers Insurance and Annuity Association’s (TIAA-CREF) retirement program. Participation in the retirement plan is mandatory to all eligible employees. Employees must contribute at least 5 percent of their gross pay per pay period and the College matches with a 7 percent contribution. Employees also have the option to participate in a supplemental retirement plan with no contribution from the College.

Illinois College Tuition Remission / Exchange Program
The College offers tuition remission and exchange to all full-time employees and their dependents after a one-year waiting period. For more information on tuition remission, please contact the Human Resources Office. 
More information on the three tuition exchange programs can be found on the following websites:
The Tuition Exchange Program (TE)

The Council of Independent Colleges (TEP)
The Association of Presbyterian Colleges and Universities (APCU)
Insurance Enrollment Periods
Employees are eligible to enroll in the insurance plans during the first 30 days of employment or during annual open enrollment. You can make changes to your plan only during enrollment periods or if you have a “qualifying event” throughout the year.

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