Contributions to these accounts are deducted from employee's pay before federal and Social Security taxes are withheld. By reducing their taxable income, staff can increase their spendable income. One account allows employees to pay for uninsured health care expenses, including expenses for dental, vision, hearing care, physical examinations and prescription drug co-payments. There is another separate account employees can use to pay for certain dependent day-care expenses, such as care for a child under the age of 13 or elderly parents while employees are at work. After three months of employment, an employee regularly scheduled to work at least 20 hours per week, becomes eligible for group insurance equivalent to one times their annual base salary at no cost to the employee.
Employees also have the opportunity to increase their level of coverage based on their own needs.
Low-cost, supplemental term life insurance is also available through payroll deductions. After completing three months of service, employees working 30 or more hours per week are eligible for free LTD coverage. LTD allows employees to continue to receive part of their income if they become seriously disabled and are unable to work. Tax Deferred Annuities Employees may elect to participate in these retirement savings programs which offer the advantages of saving pre-tax dollars and reducing federal and state tax liability. The Infirmary currently offers programs from Fidelity , TIAA-CREF and Lincoln Life .