Voluntary Benefits
Voluntary Benefits
As a result of the district’s new contract with FBMC, the Third-Party Administrator who is also in charge of the Voluntary Benefits Enrollment, new Accident, Critical Illness and Universal Life plans were introduced through Transamerica with a benefit effective date of January 1, 2022.
If you were enrolled in a Trustmark Accident policy, your coverage was automatically transferred to the new Transamerica Accident Plan, unless you took action while self-enrolling or met with a Benefits Counselor during the enrollment period to waive the Transamerica policies. New deductions began with your first paycheck in January. Transamerica’s Accident Plan offers benefit payments directly to you, a hassle-free claims process, family options, payroll-deducted premiums and is convertible if you leave your current employer.
If you were enrolled in a Trustmark and/or Voya Critical Illness policy, your coverage (up to $100,000) was automatically transferred to the new Transamerica Critical Illness policy, unless you took action while self-enrolling or met with a Benefits Counselor during the enrollment period to waive the Transamerica policies. New rate deductions began with your first paycheck in January. Transamerica’s Critical Illness Plan offers no life-time benefit maximum, no waiting periods, benefit payments directly to you, family options and payroll-deducted premiums.
Note: Trustmark and Voya offer multiple options to continue current Critical Illness and/or Accident products at the same low rate you had through payroll deductions on direct bill. You have, or will, receive a continuation letter from Trustmark and/or Voya with the available options.
If enrolled in a Trustmark Universal Life, Voya Whole Life, and/or Chubb Term Life policy, deductions for these products remained on payroll deduction. However, you also had the option to enroll in Transamerica TransElite Universal Life. Transamerica’s Universal Life Plan requires no physicals or blood work, accumulates cash value, offers a guaranteed 3% interest rate, features loan and withdrawal options and payroll-deducted premiums.
If you were enrolled in the Trustmark Cancer Plan, your deductions for this product remained on payroll deduction.
Current Voluntary Benefits
To view the current Voluntary benefits offerings start here.
Legacy Voluntary Benefits
To view the previous offered Voluntary benefits information start here.