EMPLOYEE BENEFIT ORIENTATION

 

The following benefits are for PART-TIME 62.5 TO FULLTIME REGULAR employees working 25 hours or more per week (PART-TIME REGULAR employees working less than 25 hours per week are eligible for retirement benefits only).

 

·         AFLAC Supplemental Insurance

·         Employee Benefit Plan (Health Benefits: Medical, Dental, Vision)

·         Fortis Benefits Insurance Company (Life, AD&D & Disability Benefit)

·         Money Purchase Plan/Tax-Sheltered Annuity (Retirement Benefit)

·         Tax-Sheltered Annuities (TSA)

·         Recreation Center/Swimming Pool Pass

·         Employee Assistance Program (EAP)

 

 

AMERICAN FAMILY LIFE ASSURANCE COMPANY OF COLUMBUS (AFLAC)

 

1.       Date of Eligibility:  Health coverage will begin on the 1st day of the month following 1 month of service.  EX: Date of hire: 11/25/03 Eligible:  01/01/04.

2.       Receive cash payments directly.  Full policy benefits regardless of any other insurance.  Personal control over benefit dollars to help cover leftover medical expenses, living costs, and loss of income.  Individual ownership – portable and guaranteed-renewable at the same payroll rate.

 

EMPLOYEE BENEFIT MANAGEMENT SERVICES

 

1.       Date of Eligibility:  Health coverage will begin on the 1st day of the month following 1 month of service.  EX:  Start Date: 11/25/03 Eligible:  01/01/04.

2.       Two types of deductibles paid per calendar year

a)       $150 deductible per enrollee and $450/family.

b)       $50 Emergency Room deductible per hospital emergency room visit and is waived if admitted as an inpatient, or accidental injury and treatment is given within two days after the accident.

3. Health Benefit Payments:   (Are made after deductibles are satisfied.)

a)       Health benefits to a lifetime maximum of $1,000,000 for covered services and        

Supplies at 80%/20%.

b)       80% of $2,500 in allowable charges for covered services received by enrollee in a calendar year and 100% coverage after that.

c)       Dental coverage is 70% the first year for basic coverage, 80% - 2 years, 90% - 3 years and 100% - 4 years.

 

FORTIS

 

Fortis is the Life Insurance, Short and Long-Term Disability and Accidental Death Dismemberment provider. 

 

1.       Date of Eligibility: Life, AD&D and Disability coverage will begin on the 1st  day of the month following 1 month of service.  EX: Start Date: 11/25/03   Eligible:  01/01/04.

2.       Life Insurance Benefit is equal to two ½ times the employee’s annual regular earnings to a minimum of $50,000 to a maximum of $250,000.

3.       Accidental Death and Dismemberment Benefit is equal to two times an employees annual regular earnings to a maximum of $100,000.

4.       Short-Term Disability is for employees who incurred an injury, illness or pregnancy. The first 7 days (including weekends), employee use flex/extended illness/LWOP and disability pay starts on the 8th day.   Weekly disability is calculated at 60% of employee’s gross earnings to a maximum of $500 per week.  Maximum benefit period is 26 weeks.

5.       Long-Term Disability is for employees who have incurred a disability that goes beyond the 26-week recovery period.  Long-Term disability is calculated at 60% of employee’s regular earnings to a maximum of $5,000 per month.

6.       Funeral Benefit is $1000 to cover funeral costs in the event of a death of an eligible employee.

 

 

MONEY PURCHASE PLAN (MPP)/TAX-SHELTERED ANNUITY (TSA) 

 

Money Purchase Plan

 

1.   Date of Eligibility: The Money Purchase Plan (Retirement Plan) is for employees who completed a 6-month waiting period.  Eligible employees enter the plan on the 1st day of the quarter following completion of a 6-month waiting period (Jan. 1st, April 1st, July 1st & Oct. 1st).

2.   Contributions of 7% of employee’s annual earnings, are made by the Corporation.  An employee becomes 25% vested after 3 years, 50% vested after 4 years and 100% vested after 5 years of service. Vesting is calculated after 12/31 of each year.

3.   A loan program is available once a person is 25% or more vested. The employee can borrow up to 50% of their vested account balance or a minimum of $1000.00.

 

MPP Tax-Sheltered Annuity

 

1.                   The MPP TSA is available to eligible employees on the date of hire.

2.                   Employees can put up to 25% of their salary to a cap of $11,000 into TSA accounts.

3.                   TSAs are pre-taxed.  Monies are deducted from employee’s bi-weekly salary before taxes are taken out.

4.                   Employees are 100% vested with TSA.

 

 

OTHER TAX SHELTERED ANNUITY (TSA) PLANS

 

1.   Date of Eligibility: Date of hire.

2.   These plans are pre-tax, long-term savings.

3.       Employee pays the premiums/costs and automatic bi-weekly payroll deductions are placed into a TSA account of choice.

 

 

NOME RECREATION CENTER/NOME BELTZ HIGH SCHOOL SWIMMING POOL  

 

1.       Date of Eligibility:  Date of hire.

2.       HR issues a picture ID and employee shows ID to the Nome Recreation Center/NBHS Swimming Pool desk clerk.  This benefit is for employees ONLY.

 

 

EMPLOYEE ASSISTANCE PROGRAM (EAP)

 

This free service provides support and resources for everyday difficulties and is available to all NSHC employees.

 

Revised:  12-26-02