Cost of Benefits Package to employee.

[Guest kdh]

Would you be willing to post the following information to help assess the competitiveness of our benefits package?

Type of business:

General features of benefits plan:

(HMO, Dental, Eye, chiropractic, etc...)

Cost to full-time employee per month:

Cost to part-time employee per month:

Thanks

[Sheila K]

kdh:

Arizona employer

Financial Institution

340 employees

Medical (POS or PPO)

Dental

Flexible Spending Account

Vision

LTD

AD&D (1x Salary, 1.5 x salary for VP, 2x salary for CEO) No charge to EE

EAP (Contact) No charge to EE

Group Universal Life $10,000 free-additional coverage available-policy is portable

If an employee elects to have medical coverage, we deposit $115.38 biweekly to their flexible spending account. If the waive medical coverage, we deposit $65.77 biweekly to FSA. Vision care is included in the price of medical coverage. If an employee selects POS medical and dental for themself only, they will have an additional $486.98/year in FSA to cover unreimbursed medical or dependent care. If they elect PPO and dental for self only, they have $35.62/year in FSA for use as above. If they elect family coverage, they will pay for the additional coverage.

If you have any other questions, please contact me (smkafcu@aol.com)

Good luck...

Sheila K

[Guest mfurnstahl]

kdh:

Minnesota Employer

Health Care

nearly 5,000 employees

Health Insurance is POS plan, cost to employee is $28.50 month for single and $152.00 for family coverage. Full and part time employees pay the same amount. Employees must be a .6 or more to be eligible. We have 3 tiers of coverage. Coverage is basically 100% with no deductible in tier 1, 80% after deductible in tier 2, and 70% after deductible in tier 3.

Dental through Delta Dental, cost to employee: $0.00 for single and $35.00 for family. Our coverage is 100% for diagnostic and preventative and 80% for basic and major services. 50% for orthodontia.

We provide 1x salary of life insurance for benefit eligible employees.

We provide LTD of 60% of pre-disability earnings up to $5,000 month. Physicians and administrators receive 66.67% up to 15,000 per month.

EAP is also provided.

Hope this helps.