View the Open Enrollment presentation, recorded on November 1, 2024
Click here for Open Enrollment FAQs, and instructions on how to make changes in Banner Self Service.
Click here to view the 2025 Benefits Summary
Click here to view the 2024 Benefits Summary
Click here to view the IIT Employee Benefits Plan Document and Summary Plan Description
Click on the header of each section for a detailed description of each benefit. Under each, you will find:
Can’t make sense of your benefits? These videos and tools can help you make the best decisions for you and your family.
The university offers an In-Network Only PPO, as well as a High Deductible Health Plan (HDHP) with HSA option, both through Blue Cross Blue Shield of Illinois. There is a limited vision benefit included for no additional premium. For detailed information on each plan including applicable deductibles, copays, coinsurance, and out-of-pocket maximums, please click on the Health Care Plans link above.
A voluntary dental plan with both DHMO and PPO options is available through Delta Dental.
A voluntary vision plan is available through EyeMed.
IIT provides at no cost a term life insurance benefit of two times annual salary to a maximum of $500,000 through Dearborn National Insurance Company. At age 65 the coverage level is reduced. An accidental death and dismemberment (AD&D) policy provides additional coverage in the same amount.
Optional Supplemental Life and Supplemental AD&D Insurance »
Supplemental Life and Supplemental AD&D insurance for both employees and family members may be purchased through payroll deduction. Evidence of insurability is required.
Long-term disability coverage is provided at no cost through Dearborn National. It offers income protection for a non work-related disability lasting more than 180 days. The plan provides income replacement at 60 percent of base pay to a maximum of $10,000 per month.
Staff Salary Continuation (Short Term Disability - Staff Only) »
The university provides at no cost a salary continuation plan after 90 days of employment. It offers to staff income protection in the event of a non work-related short-term disability lasting up to 180 days. This benefit provides 60 percent of base pay to a maximum of $10,000 per month after exhausting accrued time off and/or a seven calendar day waiting period (whichever is greater). This benefit is administered through Dearborn National.
This program provides to faculty, staff and their families voluntary, confidential and free access to short-term counseling and online resources that cover a wide range of issues that include emotional and personal health as well as work-life issues.
This program permits employees to use pre-tax dollars up the annual IRS maximum to pay for out-of-pocket medical, dental, vision and hearing care not covered by insurance (Healthcare FSA) and for dependent (child and elder) daycare expenses (Dependent Care FSA). Employees may enroll on the first day of the month after hire and again during Annual Enrollment. Health and dental care premiums paid by payroll deduction are automatically withheld pre-tax. Enrollment is done online at www.wageworks.com.
This program allows employees to use pre-tax dollars to pay for transit passes and parking.
A 403(b) retirement plan is available for all faculty and staff who have reached age 21. Employees may participate on an unmatched basis immediately upon becoming benefits eligible. Contributions may be invested in TIAA-CREF and/or Fidelity Investments.
Employees may participate on a matched basis after two years of employment for staff and one year of employment for faculty. Once attaining match eligibility and confirming election via the Salary Reduction Agreement form, a base five-percent university contribution is supplemented by matching the employee's contribution of up to an additional four percent when the employee chooses to make such additional contribution. Prior employment with an educational institution of higher learning or certain research organizations may qualify the employee for immediate participation with the match, or for a reduction in the waiting period, if the break in service between institutions is 90 days or fewer.
Please note that the match is not automatic. Employees must submit a Salary Reduction Agreement form indicating this election in order to receive this benefit.
Information about IIT's Tuition programs, including:
- Tuition Remission
- Tuition Reimbursement
- Tuition Exchange
- Public Student Loan Forgiveness Information
Use this link to find more information on:
- Other Services on campus
- Credit Union
- Direct Deposit
- Paid time off (for staff)
During Open Enollment, changes for medical, dental, and vision coverage must be made in Banner Self Service. Changes can be made to dependents' information (e.g., adding a Social Security Number for a newborn) at any time during the year. Note that simply adding dependents in Banner does not mean they are covered. For instructions on how to make changes in Banner Self Service click the link below.
Banner Self Service Instructions 2022-2023 (1.23 MB)
Banner Self Service Open Enrollment How-To Video (Passcode is =D9xhS9. – it ends with a period)
Annual Enrollment is held in the Fall of each year for all benefits. Changes in insurance coverage as well as adding/ dropping eligible dependents may be done at this time for a January 1 effective date.
You can change your address through the Illinois Tech Portal. All information entered here is reflected immediately in Banner.
- Access Illinois Tech Portal
- Click on the Work tab
- In the Employment Details box, click on Update Contact Information
- When the page reloads, change any items that need to be updated
You can change your address through the Illinois Tech Portal. All information entered here is reflected immediately in Banner.
- Access Illinois Tech Portal
- Click on Banner Self-Service channel
- Under Personal Information, change any items that need to be updated.
- Human Resources will update your address for:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Fort Dearborn Life insurance
- Fidelity and/or TIAA
- You must update your information directly with the vendor for:
- Flexible Spending/Transit
Please visit Life Events for more detailed information.
- Adding a Spouse to IIT Benefits: A spouse may be added to existing medical, vision, and/or dental insurance within 31 days of marriage by completing the appropriate enrollment forms and providing a copy of your certified marriage certificate.
- Please note that there may be a corresponding change in your payroll deduction.
- You may also choose to update your life insurance beneficiaries at this time.
- To update retirement plan beneficiaries, contact Fidelity and/or TIAA directly.
- Updating/ Changing Tax Exemptions: You may change the number of tax exemptions you claim on these Payroll forms:
You MUST submit these forms to Payroll for changes to take effect.
A change may be made within 31 days of a qualified change in family status. Examples include: birth, adoption, marriage, divorce, death or change in spouse's employment status. Please visit the Life Events section of our website for details regarding changes outside of Annual Enrollment