Page 6 - Optima Tax EE Guide 01-19 CA_FINAL
P. 6

Contributions








         Your cost per paycheck


         Biweekly - 26 Payroll Deductions/Year


         Medical Options

         Plan                         Trio HMO           Access+ HMO            PPO High             PPO Low
         Employee Only                  $61.02               $84.68              $166.27              $123.28
         Employee + Spouse              $194.60              $249.01             $423.95              $325.08
         Employee + Child(ren)          $141.82              $182.03             $287.27              $260.34
         Employee + Family              $247.36              $315.95             $606.79              $482.12
         Dental Options

         Plan                           DHMO                  PPO
         Employee Only                   $0.92               $14.63
         Employee + Spouse               $9.87               $39.58
         Employee + Child(ren)          $11.62               $44.46
         Employee + Family              $23.30               $77.02
         Vision Option

         Plan                            PPO
         Employee Only                   $0.92
         Employee + Spouse               $3.53
         Employee + Child(ren)           $3.19
         Employee + Family               $5.96

         IRS Code Section 125
         The Optima Tax Relief employee benefit plans are designed under Section 125 of the IRS Code. This allows you to
         take advantage of federal laws by purchasing some of your benefits with pre-tax dollars. Under Section 125, your
         Medical, Dental, Vision, and Flexible Spending Account contributions are deducted before taxes are withheld which
         saves you tax dollars. Paying for benefits before-tax means that your share of the costs are deducted before taxes
         are determined, resulting in more take-home pay for you. As a result, the IRS requires that your elections remain in
         effect for the entire year. You cannot drop or change coverage unless you experience a qualifying event. You may
         waive participation in the Section 125 Plan and elect to pay all contributions with after-tax dollars. Contact the
         Human Resources Department if you wish to pay for your benefits with after-tax dollars.






















     6  Employee Benefits
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