Page 6 - 2018 Busey Benefit Guide
P. 6
2018 BENEFITS ENROLLMENT
Benefit Compensation Definition
Beneit Compensation is deined Below are your 2018 contributions broken out by Beneit Compensation
as your total compensation. level. For the second time in three years, Busey associates will not
Your compensation includes see a medical premium increase!
regular wages, overtime, bonuses,
commissions, group term life and Benefit Compensation < $92,500
long-term disability tax, incentives, Bi-weekly Rates POS 2700 CDHP POS 5000 CDHP
and any salary deferrals you make Associate only $32.40 $17.88
to a 401(k) plan, a Section 457 Associate + spouse $199.66 $169.63
plan, or a Section 125 cafeteria Associate + child(ren) $142.33 $115.68
plan. It does not include stock Family $265.63 $223.17
options, non-qualiied deferred Benefit Compensation ≥ $92,500
compensation payouts and
moving expenses. Bi-weekly Rates POS 2700 CDHP POS 5000 CDHP
Associate only $88.10 $73.48
Your Beneit Compensation is Associate + spouse $267.44 $237.05
updated using the prior calendar Associate + child(ren) $212.29 $185.25
year earnings as deined above. Family $366.30 $323.32
If you were hired January 1, Please note: To make the CDHP more affordable for families, Busey
2017 or after, your Beneit embeds the family deductible which means as soon as one family member
Compensation is your base wage reaches the individual deductible, coinsurance will apply for that family
annualized. 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.
Compass
Busey has partnered with Compass, a transparency vendor, to serve as your personal healthcare advisor in
addition to Aetna. Compass Health Pro consultants can help make you an empowered healthcare consumer
®
who takes control of healthcare costs.
Review your medical bills and EOBs Find in-network providers
Follow up with insurance plans and providers in Assist in obtaining pre-authorizations and out-of-
case of errors pocket cost estimates for procedures
Facilitate bill payment or bill guidance
Compass is available to full-time associates, their spouse, parents, parents-in-law and children, regardless
of plan provider. To reach out to an advocate, call 800.513.1667 x714, complete an online proile
at member.compassphs.com or email answers@compassphs.com.
6 FIRST BUSEY CORPORATION
Benefit Compensation Definition
Beneit Compensation is deined Below are your 2018 contributions broken out by Beneit Compensation
as your total compensation. level. For the second time in three years, Busey associates will not
Your compensation includes see a medical premium increase!
regular wages, overtime, bonuses,
commissions, group term life and Benefit Compensation < $92,500
long-term disability tax, incentives, Bi-weekly Rates POS 2700 CDHP POS 5000 CDHP
and any salary deferrals you make Associate only $32.40 $17.88
to a 401(k) plan, a Section 457 Associate + spouse $199.66 $169.63
plan, or a Section 125 cafeteria Associate + child(ren) $142.33 $115.68
plan. It does not include stock Family $265.63 $223.17
options, non-qualiied deferred Benefit Compensation ≥ $92,500
compensation payouts and
moving expenses. Bi-weekly Rates POS 2700 CDHP POS 5000 CDHP
Associate only $88.10 $73.48
Your Beneit Compensation is Associate + spouse $267.44 $237.05
updated using the prior calendar Associate + child(ren) $212.29 $185.25
year earnings as deined above. Family $366.30 $323.32
If you were hired January 1, Please note: To make the CDHP more affordable for families, Busey
2017 or after, your Beneit embeds the family deductible which means as soon as one family member
Compensation is your base wage reaches the individual deductible, coinsurance will apply for that family
annualized. 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.
Compass
Busey has partnered with Compass, a transparency vendor, to serve as your personal healthcare advisor in
addition to Aetna. Compass Health Pro consultants can help make you an empowered healthcare consumer
®
who takes control of healthcare costs.
Review your medical bills and EOBs Find in-network providers
Follow up with insurance plans and providers in Assist in obtaining pre-authorizations and out-of-
case of errors pocket cost estimates for procedures
Facilitate bill payment or bill guidance
Compass is available to full-time associates, their spouse, parents, parents-in-law and children, regardless
of plan provider. To reach out to an advocate, call 800.513.1667 x714, complete an online proile
at member.compassphs.com or email answers@compassphs.com.
6 FIRST BUSEY CORPORATION
