Maquoketa Valley provides licensed employees with the Wellmark Blue Cross-Blue Shield Classic 500 health insurance coverage at a cost of $954.14 per month. Classic 500 single coverage is provided at a cost of $360.22. Licensed employees who elect single coverage receive an additional $250.00 per month which is used to purchase a tax-sheltered annuity. Administrators receive the Classic 500 coverage. Administrators who elect single coverage receive the difference between the single and family premium which is used to purchase a tax-sheltered annuity.
Employees are given the option to purchase the Wellmark Blue Cross-Blue Shield Classic 100 or Classic 200 health insurance plans. Employees are responsible for paying the difference in premiums between the Classic 100/200 and the Classic 500 Plans.
Employees are also given the option of choosing the Wellmark Blue Cross-Blue Shield Classic 750 health insurance plan. Employees are reimbursed by the District the difference in premium costs between the Classic 500 and the Classic 750 in the form of a tax-sheltered annuity.
Licensed employees employed on an FTE (Full-Time Equivalency) basis from 0.1 through 0.49 receive no insurance benefits. Licensed employees employed on an FTE basis from 0.50 through 0.874 receive single health insurance plus a pro-rata portion of all other insurance benefits. Licensed employees employed on a FTE basis from 0.875 and above shall receive full insurance benefits.
Maquoketa Valley provides licensed employees with group life insurance coverage in the amount of Thirty Thousand Dollars ($30,000.00) which shall include double indemnity, accidental death and dismemberment.
Employees are required to participate in a long-term disability insurance program that provides income protection at sixty-six and two-thirds percent (66 2/3%) of the employee’s covered monthly compensation. The employee pays 100% of the premium. There is a waiver of premium clause for those on disability.
Employees have the option to purchase dental and vision insurance.