Page 6 - 2016 Enrollment
P. 6
Open Enrollment 2016
Long Term Disability
Greenville Regional Hospital offers full-time and part-time beneit eligible employees a Long Term Disability plan
through Prudential AT NO COST! You do have the option of purchasing enhanced beneits under the “Buy-Up”
option through Prudential. Let Human Resources know if you have any questions.
Flexible Spending Benefit
Keep more of the money you earn! Save up to 40 percent or more! It works like an expense account. You
automatically set aside part of your salary (before taxes) to pay for qualiied medical expenses or child/dependent
care. You save money because you don’t pay taxes on the money you set aside. Use it to pay for daycare, medical
costs that aren’t covered by insurance. Continuing since January 1, 2011, FSAs cannot reimburse for non-prescribed
over-the-counter drugs and medicines, other than insulin. Please contact Human Resources for further details. The
annual medical maximum will be limited to $2,550. The annual dependent care maximum will be limited to $5,000.
Effective January 1, 2015 a carry over provision was added so you will be able to carry over unused amounts up to
$500. The carry over of $500 does not reduce your maximum amount of $2,550 salary reduction for the plan year.
Therefore you can carry over up to $500 and also elect to contribute up to $2,550 in 2016 for a total of $3,050.
Greenville Regional Hospital Retirement Plan
Features and Benefits of the Retirement Plan Through Principal Financial Group
Diversiied investment selection, including target date Convenient way to save for retirement with either
funds pre-tax or Roth after-tax deferrals
Greenville Discretionary Match
Eligibility: 1,000 hours 25 percent of the irst 8 percent of employee’s
contribution, capped at 2 percent
2016 IRS Limits
Participants may contribute 50 percent of the eligible pay pre-tax and/or Roth after-tax as long as the TOTAL does
not exceed IRS limits.
2016: $18,000; if age 50+, an additional $6,000
Open Enrollment
Participant Website Offers November 13 to
Enrollment, changing deferral percentages, or investment elections December 18
Educational topics and retirement planning calculators All changes must be made by
December 18, 2015
Principal Resources The descriptions of the beneits are
Call Center: 800.258.9041 not guarantees of current or future
Online: www.principal.com employment or beneits. If there is
any conlict between this Guide and
© 2015 Lockton, Inc. All rights reserved. the oficial Plan Documents, the oficial
EB\GRERE08\EE Comm\Enroll Guide\2016\16OE 1454.pdf documents will govern.
6
Long Term Disability
Greenville Regional Hospital offers full-time and part-time beneit eligible employees a Long Term Disability plan
through Prudential AT NO COST! You do have the option of purchasing enhanced beneits under the “Buy-Up”
option through Prudential. Let Human Resources know if you have any questions.
Flexible Spending Benefit
Keep more of the money you earn! Save up to 40 percent or more! It works like an expense account. You
automatically set aside part of your salary (before taxes) to pay for qualiied medical expenses or child/dependent
care. You save money because you don’t pay taxes on the money you set aside. Use it to pay for daycare, medical
costs that aren’t covered by insurance. Continuing since January 1, 2011, FSAs cannot reimburse for non-prescribed
over-the-counter drugs and medicines, other than insulin. Please contact Human Resources for further details. The
annual medical maximum will be limited to $2,550. The annual dependent care maximum will be limited to $5,000.
Effective January 1, 2015 a carry over provision was added so you will be able to carry over unused amounts up to
$500. The carry over of $500 does not reduce your maximum amount of $2,550 salary reduction for the plan year.
Therefore you can carry over up to $500 and also elect to contribute up to $2,550 in 2016 for a total of $3,050.
Greenville Regional Hospital Retirement Plan
Features and Benefits of the Retirement Plan Through Principal Financial Group
Diversiied investment selection, including target date Convenient way to save for retirement with either
funds pre-tax or Roth after-tax deferrals
Greenville Discretionary Match
Eligibility: 1,000 hours 25 percent of the irst 8 percent of employee’s
contribution, capped at 2 percent
2016 IRS Limits
Participants may contribute 50 percent of the eligible pay pre-tax and/or Roth after-tax as long as the TOTAL does
not exceed IRS limits.
2016: $18,000; if age 50+, an additional $6,000
Open Enrollment
Participant Website Offers November 13 to
Enrollment, changing deferral percentages, or investment elections December 18
Educational topics and retirement planning calculators All changes must be made by
December 18, 2015
Principal Resources The descriptions of the beneits are
Call Center: 800.258.9041 not guarantees of current or future
Online: www.principal.com employment or beneits. If there is
any conlict between this Guide and
© 2015 Lockton, Inc. All rights reserved. the oficial Plan Documents, the oficial
EB\GRERE08\EE Comm\Enroll Guide\2016\16OE 1454.pdf documents will govern.
6
