Page 22 - Vidant Health 2021 Annual Enrollment Providers
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 and You Post-tax
This means your current taxable income is lower, and Whole
you pay less in taxes. Life Insurance—Optional AD&D You Post-tax
Life Insurance—Spouse You Post-tax
If you “buy up” in coverage under the Short-term Life Insurance—Child You Post-tax
Disability Plan (assuming you have less than ive years Flexible Spending Accounts— You Pre-tax
of service), your team member contribution for that (Heath and Dependent Care) Shared Pre-tax**
Health Spending Account (HSA)
purchase is also before-tax.
Short-term Disability (STD)** You Post-tax

Your contributions for all other beneits where you Long-term Disability (LTD) You Post-tax
purchase coverage, such as optional life insurance, Physician Individual Disability You Post-tax
Insurance (IDI)
spousal and/or child life insurance, and long-term Physicians 457b You Pre-tax
disability coverage are all after-tax. Critical Illness You Post-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 No cost to
Vacation) Vidant 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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