Welcome!Employee Benefits Overview

Sandra E. HolmesNovember 5, 2012

Dr. Betty Poe

Agenda/Topics To Be Covered• Eligibility for benefits• What benefits are offered?• Basics of the benefits offered• When will deductions for benefits start?• What happens if an employee misses work?• Summary

Eligibility for Benefits

• All full-time employees (30 or more hours per week) are eligible.• Must meet 90-day employment.• Effective 1st of the month following 90th day.• Part-time employees and contractors not eligible.

List of Offered Benefits• Health Insurance – Blue Cross/Blue Shield of Florida• Dental• Vision• Life• AD&D (accidental death & dismemberment)• Legal• Short-term disability• Long-term disability• Accident• Cancer• Critical Care

Basics of the benefits offered• Health Insurance

– Base Plan – Free for employee only coverage• High deductible• Coverage for children and/or spouse

– Buy Up Plan – $42 for EE only, $70 EE & Child, $118 Family**• Low deductible, co-pays for doctors and medicine• Coverage for children and/or spouse• **Premiums are on a weekly basis

Basics of the benefits offered• Dental

– Base Plan – Free for EE Only (Spouse & Child Coverage available)

• $50 annual deductible• $500 Annual limit

– Buy Up Plan• $50 annual deductible, free cleanings• $1500 Annual limit

Basics of the benefits offered• Vision

$10 co-pay on exams$10 co-pay on frames/lenses (up-to-allowed amount)Once a year eye examsEvery 2 years framesApproved care facilities:

Wal-Mart Vision CentersThe Eye Center (on Hwy 77 in Lynn Haven)

Basics of the benefits offered• Life

All employees receive $20,000 life insuranceAdditional life available up-to $500,000Coverage available spouse and children at 50% of employee

level• AD&D (accidental death & dismemberment)

Coverage available $10,000 to $100,00Coverage available for spouse and children at 50% of

employee level

Basics of the benefits offered• Legal

Access to legal adviceLetter service in response to collection or other legal issuesLawyer referral servicePremium: $3.68 weeklyEmployee only coverage

Basics of the benefits offered• Short-term disability

Payments begin after 7 days offCoverage for up-to six monthsPremium based on hourly wages

• Long-term disabilityCoverage begins after six-months of disabilityPremium based on hourly wages

Basics of the benefits offered• Accident

Payments for injuries not related to work• Cancer

Payments for diagnosis and treatment of cancerLimitations based on type of cancer

• Critical CarePayments treatment of heart attack, cancer, stroke, and

severe burn injuries

**Coverage is available for EE only and options are available for spouse and/or child(ren)

Deduction Questions• When will deductions begin?

– Deductions begin the first week-ending date in the month effective. Example: Effective 11-1-12, Deductions start week-ending 11-4-12.

– Note – coverage is effective 1st of the month following 90-days

• What happens if an employee misses work?

– FMLA and Workers’ Compensation absences are protected.• Benefits are required to be offered in the same manner as if the employee

worked.– LOA or other absences

• Employees are responsible for full premium after one week of absences.

Summary• Eleven different insurance benefits available for all full-time

employees.• There are base and buy-up options for Medical and Dental.• $20,000 life insurance for all full-time employees.• Eligible after 90 days.• Effective on the 1st of the month following 90-days• Certain absences are protected.

Vision Free for employee on base planDental Exams for $10Medical Pay for broken armsShort & Long Term Disability Benefit for accidental dismembermentCancer Additional payments for accidentsAccident Ability to file for payment for treatment of cancerADD Ability to buy up if you choose medicalLife Insurance Legal assistancePre-paid legal Coverage available for spouse and dependentsPrint page, draw a line to corresponding description, and return to HR manager.

Benefits Matching Game

Assessments• The matching game results will go into the individual employee’s

file.• The summative assessment (benefits matching game) will be used

to determine that the administrative staff understand the basics of the benefits offered.

• The assessment will be graded by the benefits administrator and/or the consulting group that offers the benefits.

• Should an employee need further clarification, they will meet with the consulting group that offers the benefits.

ReferencesEastern Shipbuilding Group. (2007). Retrieved from

http://www.easternshipbuilding.com/