Page 22 - Vidant Health | Residents 2021 Benefits 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
residents
State income taxes Life Insurance—AD&D Vidant No cost to
Social Security taxes residents
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 Vidant No cost to
residents
Your contributions for all other beneits where you Life Insurance—Child Vidant No cost to
purchase coverage, such as optional life insurance and residents
disability plans, are all after-tax. Flexible Spending Accounts— You Pre-tax
(Heath and Dependent Care)
Health Spending Account (HSA) Shared Pre-tax**
Short-term Disability (STD) You Post-tax
Long-term Disability (LTD) You Post-tax
Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) residents
Adoption Assistance Vidant No cost to
residents
* 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
residents
State income taxes Life Insurance—AD&D Vidant No cost to
Social Security taxes residents
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 Vidant No cost to
residents
Your contributions for all other beneits where you Life Insurance—Child Vidant No cost to
purchase coverage, such as optional life insurance and residents
disability plans, are all after-tax. Flexible Spending Accounts— You Pre-tax
(Heath and Dependent Care)
Health Spending Account (HSA) Shared Pre-tax**
Short-term Disability (STD) You Post-tax
Long-term Disability (LTD) You Post-tax
Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) residents
Adoption Assistance Vidant No cost to
residents
* IRS-imputed guidelines may apply.
** Shared only when contributions are through Vidant payroll
deductions.
22
