Page 22 - Vidant Health 2021 Annual Enrollment Residents
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 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 Vidant No cost to
If you “buy up” in coverage under the Short-term residents
Disability Plan (assuming you have less than ive years Life Insurance—Child Vidant No cost to
residents
of service), your team member contribution for that Flexible Spending Accounts— You Pre-tax
purchase is also before-tax. (Heath and Dependent Care)
Health Spending Account (HSA) Shared Pre-tax**
Your contributions for all other beneits where you Short-term Disability (STD) You Post-tax
purchase coverage, such as optional life insurance, Long-term Disability (LTD) You Post-tax
spousal and/or child life insurance, and long-term Critical Illness You Post-tax
disability coverage are all after-tax. Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) residents
Paid Time Of (PTO) Vidant No cost to
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 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 Vidant No cost to
If you “buy up” in coverage under the Short-term residents
Disability Plan (assuming you have less than ive years Life Insurance—Child Vidant No cost to
residents
of service), your team member contribution for that Flexible Spending Accounts— You Pre-tax
purchase is also before-tax. (Heath and Dependent Care)
Health Spending Account (HSA) Shared Pre-tax**
Your contributions for all other beneits where you Short-term Disability (STD) You Post-tax
purchase coverage, such as optional life insurance, Long-term Disability (LTD) You Post-tax
spousal and/or child life insurance, and long-term Critical Illness You Post-tax
disability coverage are all after-tax. Retirement Savings Plans: Shared Pre-tax and
401(k) Plans post-tax
Employee Assistance Program Vidant No cost to
(EAP) residents
Paid Time Of (PTO) Vidant No cost to
residents
Adoption Assistance Vidant No cost to
residents
* IRS-imputed guidelines may apply.
** Shared only when contributions are through Vidant payroll
deductions.
22
