human resources/employee benefits overview define eligible employees ©full-time, part-time, or...
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Human Resources/Employee Benefits Overview
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Define Eligible Employees
Full-time, part-time, or limited term employees scheduled at least 40 regular hours
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Eligible Dependents, if any
Legal spouse or qualified domestic partner Natural, legally adopted, step-child or child of
a qualified domestic partner under age 19; or, under age 25 if full-time student
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Coverage Options
Employee Only (EE) Employee plus Spouse (EE+S) Employee plus Child (EE+C) Employee plus Family (EE+F)
There are a variety different coverage
options for medical, dental and vision
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Enrollment Opportunities
You may enroll for benefits within the first 60 days of your employment in a benefit-eligible status.
Changes to existing benefits may be made during the open enrollment period with the following exception: Qualified change in family status
Submit your enrollment form prior to the end of the current month to have your benefits in effect from the 1st of the following month.
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Typical Qualified Change in Family Status
Marriage or divorce Legal separation Death of a dependent Birth or adoption of a child Change in your eligibility status Termination, commencement or significant
change of spouse's benefit status/coverage Taking a leave of absence
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Typical Duration of Choices
Medical - 1 year (may make changes during every open enrollment)
Dental/Vision - 2 years (may make changes every other open enrollment period, effective odd numbered years only)
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Health Insurance Optional Rebates
Benefits eligible (FT/PT) Chosen in lieu of coverage Rebates: Per Year Per Pay Period Medical $520 $20 Dental $104 $4 Vision $ 26 $1
$650 $25 Considered taxable income
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Medical InsuranceHMO
Primary Care Physician directs care
POS Can choose how you utilize the services Offers greater flexibility
Primary Care Physician (HMO and POS) Must designate PCP or provider will assign Can change PCP by contacting provider
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Dental Insurance: Typical Levels
Premier High level of care Does not offer orthodontic services
Preferred High level of care Orthodontic services partially covered
Other options Dental HMO - must select a dentist
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Vision Insurance
Vision Service Plan High level of service Most doctors participate in VSP Covers annual exams, lenses, frames, or contact
lenses
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Employee Life Insurance
Basic coverage: Limit, sometimes tied to annual salary/compensation
Supplemental: typically purchased in $10,000 increments
Maximum supplemental Total life insurance Must complete Evidence of Insurability form for
any total amount over $100,000
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Dependent Life Insurance
Spousal Life =half the amount of employee coverage
Child Life = $10,000 per child
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Long-Term Disability (LTD)
Basic (all employees automatically): 60% of pay option $1,000 max benefit per month Five year limit on benefits
Supplemental: 60% of pay option $5,000 max benefit per month Benefits stop at age 65
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Flexible Spending Accounts
Health Care FSA - contribute up to $2,000 per calendar year
Dependent Care FSA - contribute up to $5,000 per calendar year
Any unused funds are forfeited
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How an FSA works
The accounts work like this: When you enroll, you choose how much to contribute to the
accounts, up to the maximum allowed for the year Your contribution is deducted from your pay before federal and
Social Security taxes are calculated. This reduces your taxable income and, therefore, the amount of your income tax for the year. In some cases state income taxes are withheld.
When you incur an eligible expense, you file a claim with the administrator.
You're then reimbursed for eligible expenses according to the rules of the plan. You don't pay taxes on the payments you receive from the account.
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Tax Deferred Annuity 403(b)
All contributions made pre-tax Annual Contribution limit $13,000 Catch up contributions for those over 50
$3,000 in 2004 Contributions eligible for company match
Determine amount and vesting period
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Paid Time Off (PTO)
Used for any time off - vacation, company holidays, sick days, etc.
Accrue PTO hours with every pay period PTO accruals increase with your length of service Schedule your time off in advance whenever possible Always follow department procedures for reporting
any missed time
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PTO Accrual Rates
Yearsof
Service
HoursperPay
Period
DaysPerYear
HoursperYear
MaximumHours ofAccrual
0 - 3 8.0 26 208 4804 - 8 9.54 31 248 4809 + 11.08 36 288 480
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Leaves of Absence
Jury Duty - 60 days Bereavement - 3 days immediate family, 1 day for
relative Medical - 6 months Military - 5 years Domestic Violence - in conjunction with FMLA,
unpaid Personal - 4 weeks minimum, unpaid
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Medical Leave of Absence
Alert your supervisor and HR as far in advance as possible and complete forms
Medical LOA works with Family Medical Leave Act (FMLA) and
Apply for pay Disability Insurance Upon returning to work, must provide a doctor’s
release
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Family Medical Leave Act (FMLA)
Designates 12 weeks per year of “job protection” if you take time off due to your own serious health condition or if you must care for a family member with a serious health condition
Submit medical certification Time off can be in a block of time or intermittently for
an on-going condition
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Short-Term Disability (STD)
Eligible after 1 year of benefit-eligible employment Requires medical certification Provides salary continuation for up to 180 days Supplements income from SDI or Workers’
Compensation to bring you to 80% of your normal pay
PTO can be incorporated to bring you to 100% of pay
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Retirement Plan
Plan entry upon date of hire 100% vested after 3 years Completely paid Contributions made based on annual salary
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Tuition Reimbursement
Provides financial assistance to encourage continuing education and and training in areas for career development
The plan pays 100% of tuition, fees, and books up to $2,000 per calendar year
Apply using a Tuition Reimbursement form
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Training and Seminars
One-day seminars or other training not covered under the Tuition Reimbursement Program may be paid for based on recommendations from your manager
Ask your manager for details
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Employee Assistance Program
Confidential counseling service to help you and your dependents deal effectively with a broad range of issues
Plan covers 5 employee visits and 5 dependent visits per calendar year
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Service and Longevity Awards
Service awards honor employees with 5,10,15,20,25,30,35 and 40 years of service
Longevity award is a cash “bonus” given every year beginning with the 5 year milestone
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ScholareShare
Contribute a percentage of income to savings account used for paying future college expenses
May designated any beneficiary Dependent, relative, friend, self
Distributions are free from federal income tax
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Adoption Assistance
Provides reimbursement for fees and expenses associated with most adoptions up to $3,000, payable after adoption is final
Opportunity for salary continuation for time spent away from work during the adoption process, up to 4 weeks and 80% of pay
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Employee Referral Program
Awards employees who refer a candidate for a “Hot Job” who is hired into the position
Awards payable in installments after candidate’s date of hire
Over 25 successful hires through ERP last year
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Questions