Payroll Advantage

What It Is

Enjoy convenience, additional coverage and/or discounted premiums when you use payroll deduction as your payment method to purchase NYSUT Member Benefits Trust-endorsed programs. Your employer’s business office is given no information whatsoever regarding the benefits in which you participate.

Eligibility

Payroll deduction is available to members and agency fee payers in locals that have made the necessary arrangements for payroll deduction of NYSUT Member Benefits Trust-endorsed programs.

Features

Payroll deduction is a payment option for:

• Long-Term Care Insurance – standard monthly premiums reduced 10%
• Term Life Insurance – premiums reduced 15% and free travel accidental death and dismemberment insurance up to $100,000 and additional $25,000 for a physical assault occurring during an employment-related activity
• Disability Insurance – premiums for long-term and 5-year plans reduced up to 20%
• Automobile Insurance – premiums reduced 8% if you reside in New York state (availability and amount of discount vary by state)
• Homeowner's/Renter's Insurance – no interest or service charges
• Boatowner's Insurance – no interest or service charges
• Personal Excess Liability (Umbrella) Insurance – no interest or service charges
• Other personal property insurance policies – no interest or service charges
• Catastrophe Major Medical Insurance – premiums reduced 10%
• Legal Service Plan – annual fee reduced $5
• Wrap Plan® Term Life Coordination Program
• Accidental Death & Dismemberment Insurance

Payment Options

There is no fee to use payroll deduction as a payment option for NYSUT Member Benefits Trust-endorsed programs. For many programs, premiums are reduced, service fees are waived, or additional coverage is provided at no additional cost when payroll deduction is used.

How To Apply

If your local hasn’t made arrangements for payroll deduction of NYSUT Member Benefits Trust, express your interest in this option to your local association’s president.

If you would like to apply for any of the benefits available, contact Member Benefits for a brochure and application. Request a Payroll Deduction Authorization card to be included. (Remember, payroll deduction for NYSUT Member Benefit Trust-endorsed benefits must be available in your local association.) When you apply, also fill out the Payroll Deduction Authorization card and mail it along with the application. Send no money. When your application has been processed, Member Benefits will advise your employer’s business office of the deduction amount and start date. No information is given to your employer’s business office regarding the benefits in which you participate.

If you are already participating in one of these benefit programs and are not using payroll deduction but have this method available to you, you can easily convert your payment to payroll deduction when your premium is up for renewal. When you receive your premium renewal notice, mail it along with a signed Payroll Deduction Authorization card (available from Member Benefits) to the address indicated on your premium renewal notice. Send no money. Member Benefits will be notified of the change and will advise your employer’s business office to begin your deductions. No information is given to your employer’s business office regarding the benefits in which you participate.

You're on payroll deduction now but you're retiring:

If you’re retiring and you’ve purchased Member Benefits-endorsed programs through payroll deduction, notify the Member Benefits department at 800-626-8101 as soon as possible. During the transition from payroll to pension deduction, policies need to switch temporarily to individual home billing with the appropriate company. You are responsible for notifying the administrator(s) of the plan(s) in which you participate of any change of address.

Any discounts you had with payroll deduction will continue for up to one year during the transition. Pension deduction of Member Benefits-endorsed programs yields the same discounts and additional coverages as payroll deduction.

To be eligible for pension deduction of Member Benefits-endorsed programs, you must be receiving your regular monthly pension benefit from the New York State Teachers’ Retirement System, New York State Employees’ Retirement System or New York City Teachers’ Retirement System, or income from a monthly lifetime annuity from TIAA-CREF.

Upon receipt of the first premium renewal notice after you’ve started receiving your regular monthly pension, you’ll be responsible for making payment directly to the program’s administrator. After you receive a subsequent renewal notice for the next billing period, a pension deduction authorization form should be included and you can convert from individual home billing to pension deduction at this time. Return your premium renewal bill along with the signed pension deduction authorization card to the appropriate company. Do not enclose payment. Member Benefits will notify your pension system of the correct deduction amount.

For more information, call Member Benefits toll-free at 800-626-8101, weekdays from 9 a.m. to 5 p.m. Eastern Time, or e-mail us at: Member Benefits.

Contact

If your local hasn’t made arrangements for payroll deduction, express your interest in this option to your local association’s president.

For more information, call Member Benefits toll-free at 800-626-8101, weekdays from 9 a.m. to 5 p.m. Eastern Time, or e-mail us at: Member Benefits.