SLVRMC
BENEFIT SUMMARY
(Must be employed 30 hours per week or more to
be eligible)
Health Insurance: SLVHMO: TPA - Self Funded Plan
January 1 – Dec 31
Plan 1
Family $830 / month- Hospital contributes $498 employee contributes $332
$700 deductible, 20% co-pay up to maximum amount per year .
Most to come out of pocket is $2700 for a plan year, then insurance pays 100%
Single $ 364/month - Hospital contributes $219, employee contributes $145
$350 deductible, 20% co-pay up to maximum amount per year .
Most to come out of pocket is $1350 for a plan year, then insurance pays 100%
Plan 2
Family $572 / month- Hospital contributes $342, employee contributes $230
$2000 deductible, 20% co-pay up to maximum amount per year .
Most to come out of pocket is $7000 for a plan year, then insurance pays 100%
Single $ 310/month - Hospital contributes $187, employee contributes $123
$1000 deductible, 20% co-pay up to maximum amount per year .
Most to come out of pocket is $3500 for a plan year, then insurance pays 100
%
Pharmacy $10 Generic copay or greater of $20 or 20% coinsurance for Brand (Prescription Solutions)
Dental
Insurance Dental Reimbursement
Low Option
$22.92/month - Employee
$40.80/month - Employee & 1 dependent
$61.40/month - Family
High Option
Covers first $160.00 per plan year.
$26.90/month - Employee
$49.26/month - Employee & 1 dependent
$75.00/month - Family
Life
Insurance
Term
life Insurance equal to annual salary, paid by employer.
Long Term Disability, paid by hospital.
Option for employee to purchase additional life insurance and
dependent life insurance at reasonable cost to employee.
Cancer
Insurance
Supplemental to your regular medical care benefit. Option
to purchase for medical expenses for cancer treatment,
employee paid.
Pension
Hospital pays entire contribution, at the rate of 6%
or gross annual income. Employee enrolls after 2
years of service and is 100% vested.
Employees
who work 1000 hours per year are eligible for enrollment.
FICA
SLVRMC pays 7.5% of each employee’s annual salary.
Tax Deferred Annuity
Retirement plan that the employees contribute to on a pre-tax
basis, all employee eligible upon date of hire.
Paid Days Off (PDO)
Less than 5 years employment, earn 168 hours/year (21 days).
Over 5 years employment earn 208 hours/year (26 days) up to
a maximum
of 240/hours.
Extended
Sick Leave
Earn 56 hours year (7 days)
Additional
Benefits
Pharmacy Over-the-counter discounted prices
Educational Funds and Scholarships
Employee Health, Hepatitis B, Flu Shot, PPD, MMR, CXR if indicated.
Valley Athletics Club Corporate Discount
Vision Discounts at ABBA or Point of View
Pay
Practices
Evening Premium, Night Premium, Weekend Premium, Charge Premium,
Call Pay, Holiday Pay, Longevity Bonus, Moving Expense,
Sign on Bonus, Extra
Shift
Bonus, Funeral
Leave and Jury Duty Pay.
Hospital
Care Discount
Employees who are insured under our plan, get a 50% reduction
in balance due after insurance payment. Employees in
other comparable plans will
receive a 50%
discount if the plan is equivalent to SLVRMC’S
Liability
Insurance
SLVRMC pays 100% of the cost of liability insurance
for each employee.
Last Modified:
July 27, 2007
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