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LEARN
HERE ABOUT THIS YEAR'S PRODUCTS OFFERED !
(NH
Plan year: Oct 07 - Sept 08)
We
know benefits are important and our proud
of the options we can offer you! Because we place
a high priority on your healthcare benefits, New
Haven pays $250/month ($3,000/year) towards the
cost of your coverage if you are a full-time regular
employee! A great addition to your compensation
package.
Below
is some information regarding the following benefits:
HEATHCARE
(MEDICAL, DENTAL, VISION)*
LIFE INSURANCE
403B*
FLEXIBLE BENEFITS*
VOLUNTARY SHORT TERM DISABILITY
Review
what benefits are right for you and any dependents
you elect to enroll. You may only elect coverage
when you are first eligible or at open enrollment
(unless a you qualify for a based on a defined
"change in status"). Remember many choices
(noted with a *) are "pretax", meaning
that you do not pay state and federal income taxes
on those dollars, further reducing the cost of
your benefit.
- Non-Exempt
Employees
- Submit paperwork the beginning of
the month prior to your 90th day of employment.
(You are eligible the first of the month following
90 days of employment)
- Exempt
Employees
- Submit paperwork at time of hire.
(You are eligible on the first of the month
on or following your hire date).
- Re-Hires
/ Changes of Status -
Contact HR. You may be eligible immediately
but must notify HR to verify eligiblility
and complete paperwork within 30 days of any
changes.
Once
you have reviewed all of the options offered,
be sure that you submit information (an
election form AND all enrollment applications)
to HR in time to meet your enrollment
deadlines and allow adequate time for
processing.
MEDICAL
PLANS*
Compare
here. Pick from 1 of 4 plans offered through
either Pacificare
or Kaiser. Pacificare
Plans offers choice (major groups are in this
plan - see their web site for details) in doctors
and/or networks in addition to all the benefits
of either an HMO or a PPO plan. Kaiser offers
a self contained environment within an HMO facility.
Both offer comparible plans and excellant doctors/facilities.All
plans offer Chiropractic benefits at affordable
copays and Behavioral Health Benefits. Brief descriptions
of options offered are highlighted below. More
details can be found on the plan descriptions
highlighted.
- Option
1 (PacifiCare)
- An affordable HMO with a $25 office copay.
Hospitalization requires a 30% copay up to a
annual (individual) copayment maximum of $2,000.
Prescriptions are covered at $15 for generic,
$30 for brand, and $45 for non-formulary. This
plan does not have Chiropractic benefit but
this plan is the most affordable at $16.11 per
payroll.
- Option
2 (Pacificare) - A medium priced HMO option
with a $15 office copay. Hospitalization is
$250 per admit. Same prescription coverage as
above. Your premium cost per pay period is $36.26
(less taxes).
- Option
3 - This PPO Option was withdrawn.
- Option
4 (Kaiser) - Similar
to the Pacificare Plan- Option 2, this HMO option
is identical to last year's plan and offers
care, within the Kaiser network, with a $25
office copy and a $250 hospitalization cost
per admit. Generic and Brand prescriptions are
covered at a copay of $10 and $25 respectively.
Your premium cost per pay period is $18.95 (less
taxes), nearly the same as the lowest price
plan in PacifiCare.
-
Option
5 (Kaiser) -
This option is a HI end HMO with a $10 copay
and no cost for hospital admission. Again,
Generic and Brand prescriptions are covered
at a copay of $10 and $25 respectively. Your
premium cost per pay period is $29.90 (less
taxes).
DENTAL
PLANS*
- Same as last year, Golden
West provides us with 3 plan choices - two
PPO plans (HI & Low) and a PrePaid Plan
(similar to an HMO). Compare
and see which place best meets your dental needs.
VISION
PLAN* - This
plan, offered by Pacificare, adds extended
benefits for vision coverage as well as frame
and lens discounts. (Note: all of the above
medical plans offer vision screening and discounts
to selected providers for those wearing glasses.)
LIFE
INSURANCE - Offered by Unum,
you have a choice of both term life coverage
and/or Accidential Death and Dismemberment at
affordable rates.
Term
life provides benefits in the event of the death
of a covered employee, spouse, or child. The premium
is age rated (increasing in 5 year increments
as one gets older) and requires completiion of
the Evidence of Insurability form if applied for
in excess of NH's guarantee issue of $60,000 or
if applied for any time other than when one is
first eligible for benefits. AD&D provides
additional benefits if any covered parties either
die as a result of an accident. Plans are portable
and may be continued individually by you whether
or not you are associated to the group.
403B*
- Use pretax dollars to save for
tomorrow. This is a retirement savings plan and
shelters today's income from tax. You choose from
a variety of investment options through a broker,
retaining the flexibility of your voluntary deductions,
up to the annual maximums allowed by IRS (2007
annual deductions may be up to $15,500 with catch-up
contributions allows for those over 50). To indicate
your interest in a 403B account, simply email
our broker your contact information and they
will schedule an appointment with you to investigate
and/or set up this account. We will begin deductions
once the account is set up and you have authorized
us to debit payroll.
FLEX
PLANS* - You
may also defer dollars into either an Unreimbursed
Medical Account (URM - presently capped at
a maximum of $3,000/plan year) and/or Dependent
Care Account to save taxes on qualifying expenses
that you anticipate spending during the eligible
plan year. Complete all sections of the Flex Plan
Enrollment Form.
A
Flex
Plan allows you to save taxes on any funds
that you defer into this plan, a great tax benefit!
Estimate carefully and be sure that anticipated
expenses are eligible as receipts are required
to access your funds and must be dated for eligible
expenses incurred within the qualifying time frames
or you forfeit any unused dollars. Refunds
are processed through AFLAC (to maintain confidentially
of your medical history) and then credited back
to you through your payroll account. Still a great
way to maximum your earnings!
VOLUNTARY
STD - You may apply for additional Short
Term Disability benefits (in addition to those
provided under the state plan) if you wish to
assure income protection up to your annual salary
in the event of a disability by either accident
or health conditions. Varying amounts of coverage,
rates,
and waiting periods apply, depending on your
age and requested coverages.
VOLUNTARY
ACCIDENT INSURANCE - Should you be injured
in a covered accident on or off the job, this
insurance provides you wish benefits for injuries,
treatment, hospitalization, even transportation
and lodging. See HR for details.
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