Benefits at the University of Michigan
In addition to a career filled with purpose and opportunity, The University of Michigan offers a comprehensive benefits package to help you stay well, protect yourself and your family, and plan for a secure future. Benefits include:
- Generous time off
- A retirement plan that provides two-for-one matching contributions with immediate vesting
- Many choices for comprehensive health insurance
- Life insurance
- Long-term disability coverage
- Flexible spending accounts for healthcare and dependent care expenses
Eligibility for benefits is based on your job group, your appointment percentage and the length of your appointment. Learn more about employee benefits and eligibility and download the Comprehensive Benefits for Faculty and Staff flier.
Time Away from Work
Generous paid time off for vacation, holidays and sick time, as well as paid maternity and parental leave. The amount of time you accrue is based on your position, length of service, and where you work.
University observed holidays:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Day After Thanksgiving
- Christmas Day
Most areas offer the flexibility to substitute holidays when needed or when the nature of your job requires work on a designated holiday.
The university offers a generous two-for-one match of employee contributions to the 403(b) Basic Retirement Plan, with the option to save more through a 403(b) Supplemental Retirement Account (SRA) and a 457(b) Deferred Compensation Plan. SRA and 457(b) contributions can be made on a pre-tax or after-tax (Roth) basis. Employees can choose to invest with TIAA or Fidelity Investments, or both.
As an employee, you have immediate access to health insurance and prescription drug coverage beginning on your first day of employment. The university regularly reviews all plans to ensure quality and value.
The University of Michigan offers a choice among several plans and plan types, including comprehensive major medical, HMO and preferred provider organization (PPO). Coverage also is available for dependents who meet age and other guidelines.
Employees can pair any U-M health plan with a pre-tax healthcare Flexible Spending Account.
Prescription Drug Plan
All eligible participants in university health plans plans are automatically enrolled in the U-M Prescription Drug Plan, which covers most prescription drugs with no deductible. The plan offers a nationwide network of retail pharmacies, as well as a convenient mail order service with reduced copays.
The University of Michigan Dental Plan is administered through the Delta Dental of Michigan. The plan offers a choice of three coverage levels.
Vision coverage is offered to eligible staff through Davis Vision, a preferred provider organization (PPO). As a plan participant, you receive one eye examination and one pair of eyeglasses every year.
Workplace Health and Well-being
U-M is a workplace where healthy living is encouraged and supported. MHealthy, the university's health and well-being program, helps U-M faculty and staff be at their best—physically, mentally and emotionally.