Page 22 - Vidant Health 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
No cost to
Federal income taxes Life Insurance—Basic Vidant team members
State income taxes Life Insurance—AD&D Vidant No cost to
Social Security taxes team members
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
If you “buy up” in coverage under the Short-term Flexible Spending Accounts— You Pre-tax
Disability Plan (assuming you have less than ive years (Heath and Dependent Care)
of service), your team member contribution for that Health Spending Account (HSA) Shared Pre-tax***
purchase is also before-tax. Short-term Disability (STD)** Shared Pre-Tax
Long-term Disability (LTD) You Post-Tax
Your contributions for all other beneits where you Retirement Savings Plans: Shared Pre-tax and
purchase coverage, such as optional life insurance, 401(k) Plans Post-Tax
No cost to
spousal and/or child life insurance, and long-term Employee Assistance Program Vidant team members
(EAP)
disability coverage are all after-tax. Paid Time Of (PTO) Vidant No cost to
team members
Adoption Assistance Vidant No cost to
team members
* IRS-imputed guidelines may apply.
** Only shared if you elect short term disability buy-up. Available to
team members who have less than ive years of service.
*** 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
No cost to
Federal income taxes Life Insurance—Basic Vidant team members
State income taxes Life Insurance—AD&D Vidant No cost to
Social Security taxes team members
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
If you “buy up” in coverage under the Short-term Flexible Spending Accounts— You Pre-tax
Disability Plan (assuming you have less than ive years (Heath and Dependent Care)
of service), your team member contribution for that Health Spending Account (HSA) Shared Pre-tax***
purchase is also before-tax. Short-term Disability (STD)** Shared Pre-Tax
Long-term Disability (LTD) You Post-Tax
Your contributions for all other beneits where you Retirement Savings Plans: Shared Pre-tax and
purchase coverage, such as optional life insurance, 401(k) Plans Post-Tax
No cost to
spousal and/or child life insurance, and long-term Employee Assistance Program Vidant team members
(EAP)
disability coverage are all after-tax. Paid Time Of (PTO) Vidant No cost to
team members
Adoption Assistance Vidant No cost to
team members
* IRS-imputed guidelines may apply.
** Only shared if you elect short term disability buy-up. Available to
team members who have less than ive years of service.
*** Shared only when contributions are through Vidant payroll
deductions.
22
