Page 19 - 2022 Large Group benefits

The College Tuition Benefit The College Tuition Benefit is a a a free value-added benefit New for this year now all employees can earn SAGE Scholars Tuition Rewards Points® to help offset
the cost of of four-year undergraduate education at at at at a a a a a a a participating school • Employees can sponsor students in their immediate or extended family — children children grandchildren nieces nephews stepchildren and godchildren *
• One Tuition Rewards Point is equal to a a a a a $1 guaranteed minimum discount off full tuition • Employees earn 2
000 Points when they sign up and students receive 500 Points when they are registered • Employees then earn 2
2
000 Points Points each year year plus a a a a a bonus 2
2
500 Points Points in in in year four The longer your your employee stays with your your company the the more Tuition Rewards Points they can accrue There are also opportunities to stack Tuition Rewards Points when your employees purchase Guardian products and United Concordia Dental coverage See page 22 for more details GradFin
GradFin
provides student student loan loan debt reduction solutions and helps borrowers repay their student student loans faster Employees get free personalized solutions to accelerate their student loan debt payoff process which can potentially save them thousands of dollars Employee-focused services include:
• Student Loan Financial Education Employees can take advantage of personal consultations live webinars and “town hall” meetings educating them on on their options for reducing student debt • Student Loan Refinancing GradFin
refinances and consolidates employees’ student loan(s) through a a a a a lending platform made up of 11 lenders to to maximize the chances for for employees to to be approved for a a a a a new loan and find the lowest rates • Public Service Loan Forgiveness (PSLF) Program Employees and their family members employed at at at at a a a a a a a a a 501(c)3 nonprofit can participate in the PSLF program for a a a a a a a a a flat rate of of $100 per year (membership value $249) GradFin
will keep participants compliant with federal loan forgiveness programs by enrolling their their loans verifying their their employment annually certifying income-based repayment plan and auditing “qualified payments ” GradFin
also has Employer Match a a a a a a a a a service that allows you to to contribute towards an employee’s student loans without a a a a a a a tax impact through the CARES Act We have partnered with with GradFin
to provide employers
with access to the Employer Match program at at a a a a a discounted price *
Subject to certain restrictions 2022 Large Group Plans | Independence
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