Page 7 - Franklin Madison 2021 Benefits Guide
P. 7
Benefits Overview
Franklin Madison offers two types of benefits:
y Company-provided Beneits: All eligible full-time employees receive a basic level of Company-
provided coverage. The Company pays the full cost of those beneits.
y Voluntary Beneits: If eligible, you can add to your Company-provided Basic coverage by electing
some or all of the Voluntary beneits the Company ofers.
Company-provided
Coverage Beneit Amount/ Description or Voluntary Coverage Efective Date
Beneit?
Medical Healthcare preventive and illness coverage for you and your Voluntary
eligible dependents.
Dental Dental preventive, restorative and orthodontia care for you and Voluntary
eligible dependents.
Vision Care Vision exam and corrective care for you and eligible dependents. Voluntary
Basic Life 1.5 times your annual Beneit Salary, up to a maximum of Company-provided
Insurance $600,000.
Basic Accidental
Death & 1.5 times your annual Beneit, up to a maximum of $600,000. Company-provided
Dismemberment
(AD&D) Insurance
Supplemental Life Buy-up option allowing you to increase life insurance for you, Voluntary First of the month
Insurance your spouse or your child(ren). May be subject to EOI. following date of hire
Buy-up option allowing you to increase your accident insurance
Supplemental amounts for you, your spouse or your child(ren). May be subject Voluntary
AD&D Insurance to EOI.
Flexible Spending Pre-tax savings spending account for healthcare (up to $2,700/ Voluntary
Accounts year) and dependent care (up to $5,000/year) expenses.
Accident plan will pay scheduled beneits for treatment, injury
or services incurred by a covered person who is injured in
Accident Insurance an accident while insurance is in efect, subject to any plan Voluntary
limitations and exclusions.
Critical Illness plan will pay a lump sum beneit for a covered
Critical Illness person diagnosed with certain covered illnesses while insurance Voluntary
Insurance is in efect, subject to any Pre-existing Condition Limitation.
First of the month
Short Term A percentage of your Base Salary based on your length of Company-provided following 6 months of
Disability Plan service, for up to 12 weeks of disability. employment
Long Term 60% of your Beneit Salary, up to a maximum of $15,000 a Company-provided First of the month
Disability Plan month—once you have been disabled for more than 12 weeks. following date of hire
Business Travel BTA is a supplemental insurance policy providing accident and Company-provided Your date of hire
health coverage in the event of injury or illness arising while
Accident Insurance traveling on company business.
Tax-efective way to save for your long-term inancial needs.
New hires will be auto-
401(k) Savings Franklin Madison provides a company match up to 4% of your Voluntary enrolled at 4% efective
Plan pay. on the irst payroll
Employee A conidential counseling and referral service designed to assist
Assistance you and your family with the everyday challenges you encounter Company-provided Your date of hire
Program (EAP) in life.
Adoption Reimbursement for eligible adoption expenses up to $5,000 per First of the month
Assistance child. Company-provided following 12 months of
Program employment
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Franklin Madison offers two types of benefits:
y Company-provided Beneits: All eligible full-time employees receive a basic level of Company-
provided coverage. The Company pays the full cost of those beneits.
y Voluntary Beneits: If eligible, you can add to your Company-provided Basic coverage by electing
some or all of the Voluntary beneits the Company ofers.
Company-provided
Coverage Beneit Amount/ Description or Voluntary Coverage Efective Date
Beneit?
Medical Healthcare preventive and illness coverage for you and your Voluntary
eligible dependents.
Dental Dental preventive, restorative and orthodontia care for you and Voluntary
eligible dependents.
Vision Care Vision exam and corrective care for you and eligible dependents. Voluntary
Basic Life 1.5 times your annual Beneit Salary, up to a maximum of Company-provided
Insurance $600,000.
Basic Accidental
Death & 1.5 times your annual Beneit, up to a maximum of $600,000. Company-provided
Dismemberment
(AD&D) Insurance
Supplemental Life Buy-up option allowing you to increase life insurance for you, Voluntary First of the month
Insurance your spouse or your child(ren). May be subject to EOI. following date of hire
Buy-up option allowing you to increase your accident insurance
Supplemental amounts for you, your spouse or your child(ren). May be subject Voluntary
AD&D Insurance to EOI.
Flexible Spending Pre-tax savings spending account for healthcare (up to $2,700/ Voluntary
Accounts year) and dependent care (up to $5,000/year) expenses.
Accident plan will pay scheduled beneits for treatment, injury
or services incurred by a covered person who is injured in
Accident Insurance an accident while insurance is in efect, subject to any plan Voluntary
limitations and exclusions.
Critical Illness plan will pay a lump sum beneit for a covered
Critical Illness person diagnosed with certain covered illnesses while insurance Voluntary
Insurance is in efect, subject to any Pre-existing Condition Limitation.
First of the month
Short Term A percentage of your Base Salary based on your length of Company-provided following 6 months of
Disability Plan service, for up to 12 weeks of disability. employment
Long Term 60% of your Beneit Salary, up to a maximum of $15,000 a Company-provided First of the month
Disability Plan month—once you have been disabled for more than 12 weeks. following date of hire
Business Travel BTA is a supplemental insurance policy providing accident and Company-provided Your date of hire
health coverage in the event of injury or illness arising while
Accident Insurance traveling on company business.
Tax-efective way to save for your long-term inancial needs.
New hires will be auto-
401(k) Savings Franklin Madison provides a company match up to 4% of your Voluntary enrolled at 4% efective
Plan pay. on the irst payroll
Employee A conidential counseling and referral service designed to assist
Assistance you and your family with the everyday challenges you encounter Company-provided Your date of hire
Program (EAP) in life.
Adoption Reimbursement for eligible adoption expenses up to $5,000 per First of the month
Assistance child. Company-provided following 12 months of
Program employment
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