As part of its commitment to hiring and retaining a dedicated team of administrative and healthcare support professionals, University of Colorado Medicine offers an extensive benefits package for employees. Choose from a variety of comprehensive medical care plans. Save for retirement, and CU Medicine will help you save by contributing 7% of your gross earnings to your retirement plan. Enjoy approximately three weeks of paid time off each year.
Please note that CU Medicine is on a monthly payroll cycle. Employees are paid on the first business day of each month.
» 2016-2017 Benefits
» Benefit Rates
- 3 Medical Plan Options
- Eligibility begins the 1st of the following month from date of hire (If date of hire was February 15, eligibility would begin March 1)
- Mail-order prescriptions
- No pre-existing limitations
- 2 Dental Plan Options
- Premium paid for employee coverage under the EPO plan
- Voluntary vision option
- Discounts on frames, lenses and contacts
- Basic Term & Accidental Death and Dismemberment provided at no cost. Coverage starting at $50,000.
- Optional Term Life Insurance
- Short-Term Disability
- Long-Term Disability provided at no cost to eligible employees
- Allows employees to deduct certain benefits on a pre-tax basis to lower taxable income
- Health Care and Dependent Care Spending Accounts
- Health Savings Account (HSA)
Paid Time Off
- 403(b) – This plan enables employees to make retirement contributions on a pre-tax basis through a salary adjustment agreement with CU Medicine. Investments grow tax-free until withdrawn at retirement. Employees who opt into this plan may begin contributing immediately and have the flexibility to change the amount of their investment at any time.
- 401(a) – This is a retirement savings account available to employees after one year of service. Employees do not contribute to this plan; CU Medicine automatically contributes 7% of regular gross earnings on behalf of the employee. Enrollment is automatic and funds become available according to the following vesting schedule: 25% after two years, 50% after three years, and 75% after four years. After five years of employment, all funds contributed are made available to the employee.
*Figures are based on regular hours accrued for full-time employees.
- Paid time off begins accruing immediately
- Approximately 3 weeks of paid time off accrued per year*
- 10 paid holidays
- Employees who are actively employed on July 1 will receive an additional day of paid time off*
- 7 days of extended illness per year*