Q: If I am a new hire, am I required to attend the New Employee Orientation?
|Benefits Most Frequently Asked Questions|
A: Yes, this is a requirement for all new benefited employees.
Q: How can I cancel my voluntary benefits with DU (i.e. health, dental or Flexible Spending Account) if I decide I no longer want or need it?
A: You must have an “IRS Qualifying Change of Status” in order to change or cancel voluntary benefits anytime outside of the Open Enrollment period. A list of what these qualifying events are can be found here. If you feel that you qualify to make a mid-year cancellation, enrollment or change, please contact the HR-Benefits Office for the appropriate paperwork.
Q: My last day with DU is this week. What do I need to do to terminate my benefits and get information about COBRA coverage once I leave? How long do my active benefits last once I leave?
A: You do not need to “do” anything. Your department will send in the appropriate “separation paperwork” to HR and we will terminate your benefits for you. Your health, dental, and voluntary Life and AD&D insurance (if you are enrolled) will continue through the end of the month in which you leave. Your Flexible Spending Account (FSA) and all Core benefits will terminate at midnight on the date in which your employment terminates. You will automatically receive a COBRA packet from our administrator within 30 days of your separation date which outlines your options under COBRA.
Q: How can I sign up for the 403(b) Retirement Plan?
A: Please call the HR-Benefits Office at 303.871.7420 and request that a Retirement Packet be sent to you. All the information and materials you will need to enroll in DU’s 403(b) Retirement Plan is included in this packet.
Q: I want to make changes to the amount that I am contributing to my 403(b) Retirement Plan each paycheck. How do I do this?
A: You need to submit a new Salary Reduction Agreement to the HR-Benefits Office. You can find this form here in the Retirement Forms section. This form can be faxed, mailed, or dropped off at the HR-Benefits Office. Please call 303.871.7420 for more information.
Q: I am a former DU employee and need to “Roll Over” my DU 403(b) funds to another retirement account. Who in your office can sign the Employer Authorization portion of this form for me?
A: Both the Benefits Manager, Jane Bucher-McCoy (email@example.com)or the Benefits Coordinator, Molly Boland (firstname.lastname@example.org) are authorized to sign off on these forms.