Eligibility While on Leave
While you are on an unpaid leave of absence from the Institute,
it will not be possible to make the usual payroll deductions for your
benefit plans. Moreover, the length of your leave may affect your benefits.
The chart below summarizes how your unpaid leave will affect your benefit
elections:
|
PLAN
|
Leave is Less Than
3 Months |
Leave is 3 Months or More |
| Health* |
Coverage must
continue. Contributions will be deducted upon return to pay
status.*
|
You may elect to continue or cancel
your health plan. If you continue coverage, you will be billed
automatically.* If you cancel your health coverage, you must
remember to re-enroll within 31 days of your return to the Institute.
Coverage that you cancel will not be reinstated automatically.
You may re-enroll for coverage under the same plan by contacting us.
|
| Dental
|
Coverage must
continue. Contributions will be deducted upon return to pay
status.*
|
You may choose to continue or cancel your
dental plan. If you continue coverage, you will be billed
automatically.
|
| Supplemental
Life Insurance |
Coverage must
continue. Contributions will be deducted upon return to pay
status.*
|
You may elect to continue or cancel your coverage.
If you continue coverage, you will be billed automatically.*
If you cancel this coverage and wish to reapply for it when
you return from your leave, you must submit Evidence of Insurability
satisfactory to the insurance company. You may contact us for information and forms at that
time. |
| Reimbursement
Accounts |
Coverage must
continue. If you plan to return to active pay status before
the end of the calendar year in which you leave, you choose
payment arrangement.
|
Contributions to your Reimbursement
Account do not continue during an unpaid leave of absence. However,
if you plan to return to the active payroll before the end of
the current calendar year, you may arrange in advance for the
contributions you missed during your leave to be deducted from
your pay when you return to regular pay status. You may have
these contributions deducted from your next paycheck or you
may pay in installments through the end of the calendar year.As
an alternative, you may choose to cancel your participation
because of your leave.
Canceling participation renders
any expenses incurred during your leave un-reimbursable.
If you cancel, you may re-enroll provided you do so within
31 days of your return.
|
| 401(k)
Plan |
Contributions do
not continue.
|
Contributions do
not continue.
|
|
If you are a member of one of the Health Maintenance
Organizations (HMO) and you will reside out of your Plan's enrollment
area for more than three months, you must transfer to the Blue Cross Blue
Shield Out-of-State Plan to maintain health insurance through MIT during
your leave. Upon return to the enrollment area, you may re-enroll for
coverage under your prior plan provided you do so within 31 days of your
return.
* If you elect to be billed automatically, you are responsible
for paying on a monthly basis the amount that was previously deducted
from your paycheck. If you are delinquent with your payment beyond 30-days,
your coverage will be canceled through the MIT Group Plans and you will
be offered coverage under the provisions of the Consolidated Omnibus Budget
Reconciliation Act (COBRA) for the maximum of 18 months. The cost of this
coverage is at 100% of the full cost of the plan plus a 2% administration
charge for continuation coverage.
More about leaves
of absence and other status changes.
massachusetts institute of technology