LRCVB Benefits - Full-Time Employees
Health Insurance – Cigna – Cost per pay period
Base Plan: Emp only: $16.53; Emp + Spouse: $291.88, Emp + Child(ren): $241.82; Family: $517.18.
Buy-up 1 Plan: Emp only: $51.69; Emp + Spouse: $365.74, Emp + Child(ren): $308.64; Family: $622.68.
Buy-up 2 Plan: Emp only: $64.37; Emp + Spouse: $392.34, Emp + Child(ren): $332.71; Family: $660.69.
High Deductible Plan: Emp only: $10.90; Emp + Spouse: $280.10, Emp + Child(ren): $231.13; Family: $500.34.
Four (4) plans to choose from: Base Plan; Buy-up 1 Plan, Buy-up 2 Plan or High Deductible
- Base Plan: $3,000 deductible (in network), $40 co-pay for PCP - $70 co-pay for specialist; Prescription co-pays: $0, $20, $40, $80 co-pay, $200 Rx deductible for Tier 2, 3, 4
- Buy-up 1 Plan: $2,000 deductible (in network), $30 co-pay for PCP - $60 co-pay for specialist; Prescription co-pays: $15, $45, $70, $70 co-pay; no additional Rx deductible.
- Buy-up 2 Plan: $1,000 deductible (in network), $25 co-pay for PCP - $50 co-pay for specialist; Prescription co-pays: $15, $45, $70, $70 co-pay; no additional Rx deductible.
- High-Deductible Plan: $2,500 deductible (in network), Prescriptions: Tier 1 10% after deductible; Tier 2 20% after deductible; Tier 3 30% after deductible; Tier 4 $80 co-pay after deductible
- Effective 1st of the month following 30 days of regular full-time employment
Dental Insurance – Emp: $0; Emp & Spouse: $11.90; Emp & Child: $16.62; Family: $31.58 per pay period
- Delta Dental - $50 deductible except for Preventative Services; $0 deductible for Preventative Services
- Maximum of $1,000 annual benefit per person per calendar year
- Effective 1st of the month following 30 days of regular full-time employment
Vision Insurance – Emp: $4.02; Emp & Spouse: $7.64, Emp & Child: $8.24 and Family: $11.74 per pay period
- Delta Vision - $0 deductible – co-pays and allowances; $10 co-pay for well vision exam (once every 12 months) plus $20 co-pay for materials lenses & frames or contact lens fitting & evaluation
- $150 allowance for frames (once every 24-month frames/12-month lenses)
- Or – Contact Lens - $150 allowance for contacts
- Effective 1st of the month following 30 days of regular full-time employment
Life Insurance – LRCVB pays employee premium (dependent life not offered)
- 2 times annual salary rounded to the nearest thousands of coverage to a maximum of $350,000
- Effective 1st of the month following 30 days of regular full-time employment
Accidental Death and Dismemberment – LRCVB pays employee premium
- 2 times annual salary rounded to the nearest thousands of coverage
- Effective 1st of the month following 30 days of regular full-time employment
Long Term Disability – LRCVB pays employee premium
- Effective the first day of the month following 30 days of regular full-time employment.
Short Term Disability – Voluntary employee pays premium
- Effective the first day of the month following 30 days of regular full-time employment.
Pension – Automatic enrollment, effective the first day of regular full-time employment
- Defined Benefits Plan: 4.5% employee contribution/9% employer contribution
- Vested after 5 years of service; Normal retirement age is 65.
Flexible Spending Account / Health Savings Account –
- Choose from FSA (with Base, Buy-up 1 or Buyup 2 Plans), HSA (with High Deductible Plan) or Dependent Care Expenses,
- FSA – can enroll at Open Enrollment after one year of service
- HSA – can enroll during initial enrollment period or at Open Enrollment
Deferred Compensation – Arkansas Diamond Plan - employee contribution only, no employer contribution.
Voluntary Supplement Coverage – AFLAC (accident, cancer, etc.) voluntary insurance for employee, spouse and/or child(ren); MASA – Medical Transport Solutions; Simple Will – available at open enrollment only; Voluntary additional Life and AD&D available for employees and dependents with One America or Transamerica
Tuition Assistance – $1,000 per semester, up to $3,000 per calendar year, available after 6 months of employment.
