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NOEL GROUP SUMMARY OF FULL TIME EMPLOYEE BENEFITS
January 2006

BENEFIT

  COST TO EMPLOYEE
WHO’S ELIGIBLE
  WHEN ELIGIBLE
MEDICAL INSURANCE
Options
 
Standard Health Plan-  
Lower per pay period premiums
80% & 70% co-insurance
   
   
   
Buy Up Health Plan-
Lower deductibles
90% & 80& co-insurance
Four tier pharmacy plan  

 

Bi-weekly cost:
   
   
Standard Plan   
Single $ 34.38
EE/spouse $ 72.20
EE/depend (s) $ 61.89
Family $ 106.59
   
Buy Up  Plan
Single $ 45.14
EE/spouse $ 94.80
EE/depend(s) $ 81.26
Family $139.94
   

Full-time employees. 

Eligible dependents covered.

On first day of month following full-time employment date and/or the employee has a qualifying event; marriage, divorce, birth of a child, adoption of a child or loss of coverage beyond your control.

Contact Human Resources for additional coverage information.

DENTAL INSURANCE

$25/year deductible. No deductible for preventive services

 

Bi-weekly cost:

Single

$ 2.01
Family $ 6.39

Full-time employees.

Eligible dependents covered.

On first day of month following full-time employment date and/or a qualifying event.

VISION CARE Discounts

Vision care discounts are available at participating Shopko Optical & Sterling Optical vision centers.

None

All employees

Available only through participating providers- not available in all states.

Contact Human Resources for additional coverage information.

FLEXIBLE SPENDING PLAN

Employees may accumulate pre-tax dollars to pay their portion of unreimbursed health and dependent care expenses.

None

All employees

On the first day of employment date and/or at the F.S.A. renewal period.

HEALTH REIMBURSEMENT ACCOUNTS

Employees may accumulate and rollover  company match dollars to pay for their portion of unreimbursed health care expenses

None

All employees enrolled in the Standard Health Plan are eligible for company match contribution dollars through a FSA/HRA election.

On the first day of employment date and/or at the F.S.A. & H.R.A. renewal period.

NOELCARE WELLNESS PROGRAM

Variety of company paid wellness resources are available; Registered Nurse “Health Coach”, class1es/seminars & more

None

All employees

On first day of employment

401 (K) PENSION PLAN

Employee may put up to $15,000 of their income into plan.

Company matches 25% of the first 6% contribution.

None

All employees, age 21 or older

Automatic enrollment available after 90 days of date of hire.

TRAVEL

Employees, spouses and dependent children receive half of the commission earned back on travel booked through our preferred travel partner, except on hotels and cars.

None

All employees

On first day of employment

VACATION
Two weeks, pro-rated first year by start date.

None

Full-time employees.

Full-time employees

1-5 years - 2 weeks

5-10 years – 3 weeks

10+ years – 4 weeks

HOLIDAY
11 paid holidays per year.

None

Full-time employees

Immediately upon employment.

LIFE INSURANCE/ AD&D

Employee - $20000

None

Full – time employees

** Voluntary dependent coverage available.

On first day of month following full-time employment date.

LONG TERM DISABILITY

Pays 60% of gross earnings, beginning on the 31st day of disability.

None

Full-time employees

On first day of month following full-time employment date.

EMPLOYEE REFERRAL REWARD

$800

All employees

$500 paid after 6 months of employment. $300 paid after successful completion of one year.

529 COLLEGE SAVINGS PLANS

None

All Employees

Immediately upon employment.

MEDICAL SAVINGS PLAN

None

Employees who are eligible for health insurance, but elect to waive coverage.

Eligible employees will earn $.35 per hour ($14/wk for salaried), which can be applied toward a Flex Spending Account to be used for qualified expenses.