Employee Benefits

Benefits Overview

Roanoke College offers its employees a host of benefits including health care, life insurance, flexible spending accounts, tuition assistance, and a variety of other benefits. This site provides you with a brief description of the benefits package for eligible Roanoke College employees.  Core benefits (health, dental, and vision) are effective the first of the month following the hire date. If hired on the first day of a month, benefits are effective that day.  For maximum benefits, use in-network providers.

Health Insurance

The College offers three health plans; Anthem HMO POS Plan 9, Anthem High Deductible PPO Plan 7, and Anthem PPO Plan 4. Employee's portion of the premium is paid via payroll deduction and may be tax-sheltered through the "Premium Conversion" program. All health plans include prescription drug coverage.

Roanoke College is a founding member of the Virginia Private Colleges (VPC) Benefits Consortium with Anthem as the current claims administrator. By joining forces, Consortium members have a greater presence in Virginia's healthcare marketplace. Together, Consortium members achieve more flexibility in plan design, greater cost control, enhanced benefit offerings, and increased negotiation power with the carrier community.

Dental and Vision Insurance

The College offers two alternatives under the group dental plan. The college pays the premium for the employee under the low option. Dependent coverage and a high option are available with the employee paying the additional premium.

Roanoke College offers vision coverage through UniView Vision

Flex Spending and Health Savings Accounts

By establishing flexible spending account, an employee may set aside pre-tax income to later be reimbursed for medical expenses not covered by the group health, dental and vision plans. Employees can also establish an account for flexible spending dependent care (daycare) expenses. The cafeteria plan allows eligible employees to pay for health, dental, and vision premiums with pre-tax dollars through payroll deduction.

A health savings account allows an employee who is enrolled in a qualified high deductible plan to set aside pre-tax income to later be reimbursed for medical expenses.

Life and Disability Insurance

The College provides employees with life insurance equal to one times the employee's annual salary rounded to the next $1,000 up to a maximum amount of $200,000. and includes AD&D (accidental death & dismemberment) coverage.

All full-time and part-time regular staff will become eligible for short-term disability insurance after 6 months of service. Please see the Short-term Disability Plan Summary for the details of coverage. Faculty short-term disability is outlined in the faculty handbook.

An employee is eligible for long-term disability insurance after one year of service. The disability plan is designed to protect you and your family from financial hardship caused by loss of income, and the premium is paid by the college.

Retirement Plan

The College sponsors a 403(b) defined contribution retirement plan through TIAA.  After one year of service in a regular position, the college will begin contributing a designated percentage of an employee's base salary. Employees who have prior 403(b) retirement plans may begin participating first of the month following employment.

The College also sponsors a supplemental 403(b) tax deferred annuity plan.  Employees may begin voluntary contributions to this plan immediately upon hire.

Tuition Remission & Exchange

After one year of service, employees, their spouses and dependent children are eligible for tuition remission at Roanoke College. (Dependents may be eligible for
tuition exchange at other colleges.)

Other Employee Benefits

Please note: Benefit plan provisions are subject to change from time to time at direction of the Roanoke College Board of Trustees or the Virginia Private Colleges Benefits Consortium (VPCBC) Board of Directors.

The above information is intended as a summary only. 

Complete details of each benefit are available from Human Resources.