Submitted by: Submitted by bmaj31
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Words: 770
Pages: 4
Category: Business and Industry
Date Submitted: 02/22/2012 08:14 PM
Benefits that will be offered with the company plan:
There are five categories different benefits can be separated into.
1. Compensation:
* Base salary
2. Insurance:
* Medical insurance
For individual the annual deductible is $300 and for a family is $600. You will have a co-pay of $20 for office visits and consultations. There is an 80/20 once your deductible has been met. Prescription drugs are covered at 70%. Medical Premiums are $150.00 for singles and $300.00 for a family.
* Dental insurance
Dental has a $50 deductible for basic dental care and $150 for Major Services. No waiting period for major services. Basic dental work such as cleanings and X-rays will be paid at 100%. Major Oral work such as Oral Surgery will be paid at 50% and Dental Repair Services will be paid at 75%. Dental premiums are $46.00 a month for singles, and $91.00 for a family
* Vision/Eye care insurance
You can get an eye exam every year and paid at 100% once you have paid $10 co-pay. Classes and contacts will be paid at 100% every two years. Vision premiums are $10.50 for singles and $25.50 for a family
* Life insurance (Available)
Life insurance is paid by your basic annual earnings and is free to the employee.
* Disability insurance (Available)
Short term is available up to 26 weeks and long term disability is available after the short term disability has expired. Long term is paid at 50% of your pay.
3. Time benefits:
* Vacation days-For a Management employee, once you work 6 months, you receive one week and after 9 months you receive another week and after 12 months you will receive another week. All others, Once you work 6 months you will receive one week and after 12 months you will receive another week
* Paid Holidays- There are 7 paid holidays (New Year’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas)
* Sick days- Sick days are given out January 1 of each year. Management will receive 80...