Flexible Spending Account
Disability Benefits
Medcom | 1-800-523-7542 | www.medcombenefits.com
Guardian | 1-800-268-2525 (STD) | 1-800-538-4583 (LTD) www.guardiananytime.com | Group Number: 00534925
PIH offers employees the option to defer money on a pre-tax basis for use on approved medical and dependent care expenses. This is NOT insurance. This is simply a way for you to save on your healthcare or daycare expenses by setting money aside from your gross income, pre-tax for expenses that you anticipate for the plan year. Healthcare FSA This is for for those enrolled in the PIH/P&J PPO plan or another PPO plan. With the healthcare FSA, the total dollar amount set aside for the plan year is eligible for withdrawal from the account on day one of your first payroll deduction towards the account. The maximum healthcare FSA annual contribution amount is $3,050 . If you are a new hire and enroll in the plan midyear, your contributions will be prorated for the annual amount you select. Limited FSA This is for for those enrolled in the HSA plan or another qualified HDHP. If you enroll in the HSA Plan, you are only eligible for the Limited FSA. This account may be used on qualified dental and vision expense only, not medical expenses (you will use your HSA for medical expenses). The maximum annual contribution is $3,050 . By setting aside money pre-tax into either a FSA or DCA, you save on taxes and take home more spendable income! Please contact Medcom for a list of eligible medical and dependent care expenses. Dependent Care Account (DCA) You may elect to set money aside to use for your approved childcare services, provided at a daycare facility, in your home, or in someone else’s residence through a DCA. Certain requirements must be satisfied for the services to be approved for reimbursement. The maximum DCA annual contribution amount is $5,000 per family (if you are single or married and file a joint tax return) or $2,500 (if you are married and file a separate tax return).
Disability insurance can help support you and your family should you become disabled for a short period of time or for an extended period of time. Short-Term Disability (STD) STD provides you financial support in the event that you become temporarily disabled. STD coverage provides 60% of your weekly earnings up to a maximum of $1,000 per week. Benefit payments begin after an eight day waiting period if the disability is illness-related, or the first day if the disability is injury-related, and ends after 26 weeks of continuous disability. Long-Term Disability (LTD) LTD insurance protects your income in the event of a long-term illness or injury. LTD coverage provides 60% of your monthly earnings up to a maximum of $5,000 per month for hourly employees and a maximum of $10,000 per month for salaried employees. Benefit payments begin after you have been deemed to be disabled for 180 days, and ends when you are no longer disabled or reach Social Security Normal Retirement Age.
Paid Maternity Leave
Kelsey Shrader - Human Resources | 865-364-8346 | Email: benefits@phillipsih.com
PIH is proud to offer up to 8 weeks of paid maternity leave to its employees following the birth of a child.
This benefit is eligible to employees that meet the following criteria:
• Be a full-time, regular employee • Have been employed with the company for at least 12 months or • Have worked at least 1,250 hours during the 12 consecutive months immediately preceding the date the leave would begin.
8
9
Made with FlippingBook Annual report maker