Page 8 - Busey 2020 Benefits
P. 8
Benefit Compensation Definition
Beneit Compensation is deined as your total compensation that was
reported on the prior calendar year’s W-2 form.
If you were hired January 1, 2019 or after, your Beneit Compensation is
your base wage annualized.
Below are your 2020 contributions broken out by Beneit Compensation
level.
Benefit Compensation < $100,000
Bi-Weekly Rates POS 2800 CDHP POS 5000 CDHP
Associate only $34 .02 $18 .78
Associate + spouse $209 .65 $178 .11
Associate + child(ren) $149 .45 $121 .47
Family $278 .92 $234 .33
Benefit Compensation ≥ $100,000
Bi-Weekly Rates POS 2800 CDHP POS 5000 CDHP
Associate only $92 .50 $77 .15
Associate + spouse $276 .78 $221 .15
Associate + child(ren) $222 .90 $185 .77
Family $384 .61 $330 .25
Please note: To make the CDHP more affordable for families, Busey
embeds the family deductible which means as soon as one family member
reaches the individual deductible, coinsurance will apply for that family
member. The remaining family members would need to satisfy the rest of
the family deductible (since family deductibles are two times the individual
deductible) for coinsurance to apply for the entire family.
8 2020 Benefits Guide
Beneit Compensation is deined as your total compensation that was
reported on the prior calendar year’s W-2 form.
If you were hired January 1, 2019 or after, your Beneit Compensation is
your base wage annualized.
Below are your 2020 contributions broken out by Beneit Compensation
level.
Benefit Compensation < $100,000
Bi-Weekly Rates POS 2800 CDHP POS 5000 CDHP
Associate only $34 .02 $18 .78
Associate + spouse $209 .65 $178 .11
Associate + child(ren) $149 .45 $121 .47
Family $278 .92 $234 .33
Benefit Compensation ≥ $100,000
Bi-Weekly Rates POS 2800 CDHP POS 5000 CDHP
Associate only $92 .50 $77 .15
Associate + spouse $276 .78 $221 .15
Associate + child(ren) $222 .90 $185 .77
Family $384 .61 $330 .25
Please note: To make the CDHP more affordable for families, Busey
embeds the family deductible which means as soon as one family member
reaches the individual deductible, coinsurance will apply for that family
member. The remaining family members would need to satisfy the rest of
the family deductible (since family deductibles are two times the individual
deductible) for coinsurance to apply for the entire family.
8 2020 Benefits Guide
