Summary of Benefits
Summary of Benefits
Group Medical and Dental Insurance
A health and dental group plan is available for benefit eligible employees. Coverage will begin the first day of the month after successful completion of 90 days. Employees will pay premiums based on the following categories:
Class 1: 72 - 80 hours per pay period
Class 2: 60 - 71 hours per pay period
Class 3: 40 - 59 hours per pay period
Flexible Spending Account (FSA)
Upon the successful completion of the orientation period employees are eligible to participate in the flexible spending accounts which allow employees to deduct pre-tax dollars for reimbursement of their qualified dependent care and healthcare expenses that are not covered by health insurance.
The hospital sponsors a defined contribution plan. Enrollment in the 401(a) is the first full pay period of the month following one year of service; the hospital automatically makes a 4% contribution for each participant. You are vested at 50% after three years of service and 100% upon completion of four years of service. You must have at least 1000 hours in each year.
An employee can elect to make a pre-tax contribution to the 403(b) after successful completion of the 90 day orientation period to save money for retirement through payroll deductions. You can also elect to contribute on an after tax basis to the Roth 403(b). The employee contribution can be from 1% to 100% of salary until the employee reaches the maximum allowable deduction set by the IRS for the year.
An employee who is able to contribute the maximum allowed in the 403(b) plan can then, contribute pre- tax dollars to the 457 plan, allowing them to save even more towards retirement.
Personal Time Off (PTO)
PTO begins accruing after 90 days. PTO includes vacation days, holidays and short term sick days. PTO accrues at the following rates for full time, non-exempt (hourly) employees: 23 paid days per year between 1 and 4 years, 28 paid days per year between 5 and 9 years, and 33 paid days per year for over 9 years. (Exempt employees start accrual of PTO at a rate equal to 28 paid days the first year and 33 days after completing 4 years). PTO balances are carried over year to year to a maximum of 240 hours
Long Term Illness (LTI)
LTI begins accruing after 90 days. LTI accrues at a rate equal to 7 days a year for full-time employees. (Exempt employees start accrual of LTI at a rate equal to 7 paid days per year). LTI may be used immediately for hospitalization or outpatient surgery. In other circumstances, LTI requires a 2-day waiting period prior to use for illness or injury. PTO, which includes short-term sick days, is used for the first 2 days away from work.
Group Life and AD&D Insurance
Hospital-paid group term life and AD&D insurance is automatically instated the first day of the month following the completion of the 90 day orientation period. Coverage is equal to an employee's annual salary if they are hourly and two times salary for exempt employees.
Group Voluntary Life and AD&D Insurance
An employee may purchase term life insurance at a group rate for up to 3 times annual salary. Coverage for spouse can be elected in amounts equal to up to 50% of what employee elects and $5,000 or $10,000 in coverage for dependent children under age 19.
Long-term Disability (LTD) Insurance
St. John's sponsors a group LTD plan. Employees are eligible for enrollment following the completion of the 90 day orientation period. Premiums are paid in full by the hospital.
This information is subject to change at any time and is dependent upon benefit eligible status.
Rev 8/05; 1/09; 9/09; 11/09