Page 22 - Vidant Health | Providers 2021 Benefit Guide
P. 22
2021
Enrollment
Paying for Coverage The following chart provides an overview of who pays
You and Vidant contribute to the cost of your beneits. for your beneits and if they are paid before-tax or
For health beneits that require a team member after-tax:
contribution (and lexible spending accounts and health Beneit Who pays Pre-tax or
spending accounts, if enrolled), your share is deducted the cost? post-tax
from your paycheck on a before-tax basis, and the Medical and Prescription Drug Shared Pre-tax
Coverage*
money is taken out of your pay before the following Dental Coverage* Shared Pre-tax
taxes have been deducted:
Vision Coverage* You Pre-tax
Federal income taxes Life Insurance—Basic Vidant No cost to
providers
State income taxes No cost to
Social Security taxes Life Insurance—AD&D Vidant providers
Life Insurance—Optional You Post-tax
This means your current taxable income is lower, and Life Insurance—Optional AD&D You Post-tax
you pay less in taxes. Life Insurance—Spouse You Post-tax
Life Insurance—Child You Post-tax
Your contributions for all other beneits where you Flexible Spending Accounts—
purchase coverage, such as optional life insurance, (Heath and Dependent Care) You Pre-tax
spousal and/or child life insurance, and disability Health Spending Account (HSA) Shared Pre-tax**
coverage are all after-tax. Short-term Disability (STD) You Post-tax
Long-term Disability (LTD) You Post-tax
Physician Individual Disability You Post-tax
Insurance (IDI)
Physicians 457b You Pre-tax
Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) providers
Leave Time (Holiday, Sick or Vidant No cost to
Vacation) providers
Adoption Assistance Vidant No cost to
providers
* IRS-imputed guidelines may apply.
** Shared only when contributions are through Vidant payroll
deductions.
22
Enrollment
Paying for Coverage The following chart provides an overview of who pays
You and Vidant contribute to the cost of your beneits. for your beneits and if they are paid before-tax or
For health beneits that require a team member after-tax:
contribution (and lexible spending accounts and health Beneit Who pays Pre-tax or
spending accounts, if enrolled), your share is deducted the cost? post-tax
from your paycheck on a before-tax basis, and the Medical and Prescription Drug Shared Pre-tax
Coverage*
money is taken out of your pay before the following Dental Coverage* Shared Pre-tax
taxes have been deducted:
Vision Coverage* You Pre-tax
Federal income taxes Life Insurance—Basic Vidant No cost to
providers
State income taxes No cost to
Social Security taxes Life Insurance—AD&D Vidant providers
Life Insurance—Optional You Post-tax
This means your current taxable income is lower, and Life Insurance—Optional AD&D You Post-tax
you pay less in taxes. Life Insurance—Spouse You Post-tax
Life Insurance—Child You Post-tax
Your contributions for all other beneits where you Flexible Spending Accounts—
purchase coverage, such as optional life insurance, (Heath and Dependent Care) You Pre-tax
spousal and/or child life insurance, and disability Health Spending Account (HSA) Shared Pre-tax**
coverage are all after-tax. Short-term Disability (STD) You Post-tax
Long-term Disability (LTD) You Post-tax
Physician Individual Disability You Post-tax
Insurance (IDI)
Physicians 457b You Pre-tax
Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) providers
Leave Time (Holiday, Sick or Vidant No cost to
Vacation) providers
Adoption Assistance Vidant No cost to
providers
* IRS-imputed guidelines may apply.
** Shared only when contributions are through Vidant payroll
deductions.
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