Medical Coverage

Presbyterian Offers Five Medical Plan Options

• PresMed -- Has a higher premium taken out of your paycheck, but costs you less when accessing services.
• My Care - Active -- Recommended for employees and employees with dependent(s) who do not use medical services very often and are mainly concerned with preventive services (Eligible for a Health Reimbursement of $300).
• My Care - Family -- Recommended for employees who have young children or are expecting to start a family. (Eligible for a Health Reimbursement of $100)
• My Care - Independent -- Recommended for employees who want to use an out-of-network provider, live out-of-state, or have college-aged dependents requiring routine care (eligible for a Health Reimbursement of $200).
• High Deductible Health Plan -- Has a lower premium taken out of your paycheck, but costs you more when accessing services. Recommended for employees who are willing to take a financial RISK should healthcare services be required (deductible range of $1,200 - $3,600).

2008 Medical Premiums

Dental Coverage

Delta Dental Delta Dental Advantage, the largest network of Dental Carriers, provides preventive and diagnostic services paid at 100% of reasonable and customary charges. The PresStandard plan is subject to a $60 annual deductible per individual. This plan pays 80% for basic services and 50% for major dental, with a maximum benefit of $1500 per calendar year. Orthodontia services are paid at 50% of reasonable and customary charges with a lifetime maximum of $1,500. The PresOption plan covers 100% of preventive care and 50% of restorative care. Other services are not covered under the PresOption plan.

Vision Care

Eye Med

Presbyterian employees who are eligible for PresElect Benefits may also enroll in the EyeMed vision plan. It offers a network of vision providers who provide care and materials at a lower cost.

Vision Premiums per Pay Period

 Paid Time Off

Healthcare Spending Accounts

Many of our employees have taken advantage of this pre-tax benefit. You may set aside dollars from each paycheck to help pay for healthcare expenses. Since allowable expenses are paid for with pre-tax dollars, it's like getting a discount of 24 - 30 percent on these expenses.

Dependent Care Spending Accounts

Dependent Care Spending Accounts help you pay for certain day care expenses for your children or other eligible dependents, with pre-tax dollars. This only covers dependent day care that is provided while you work and your spouse (if you're married) works or attends school full time.

Long-Term Disability

Long-Term Disability Insurance is provided by Presbyterian at no cost for full-time employees (part-time employees are not eligible). The plan offers income protection if you are unable to work due to an extended illness or injury. If you become totally disabled and unable to work for 90 days, the plan will pay you 60% of your pay - with a minimum benefit of $100 a month and a maximum of $7,500 a month. (Benefits may be reduced if you receive other sources of disability or you return to work on light duty.)

Short-Term Disability

Available after one year of employment at no cost to you. After one week of medical absence, benefits are paid for up to 12 weeks at 80 percent of pay and at five years of service, up to 12 weeks at 90 percent of pay.

The Education Plan of NM

Through this plan, you may set money aside for your college or trade school education or for that of a family member. It allows you to open a college/trade school savings account to fund costs at most college and trade schools in the United States. (If you have questions, please contact The Education Plan at www.tepnm.com, or 1-800-499-7581, Monday - Friday from 9 a.m. to 12 a.m. EST.)

Life Insurance

All eligible employees are automatically covered under Basic Life Insurance. Your coverage amount depends on your employment status.

• For full-time employees: 1x your annual salary
• Part-time employees: $10,000

Supplemental Life Insurance is coverage you buy in addition to your Basic Life Insurance. You may purchase Supplemental Life Insurance for yourself, your spouse, and/or your dependents.

Accidental Death or Dismemberment

This insurance pays your beneficiary a benefit if you die in an accident, and pays you a benefit if you lose an eye or limb in serious accident. You may also purchase AD&D coverage for your spouse, children and/or the entire family.

Retirement-PHS

Presbyterian Healthcare Services (PHS) employees participate in a Defined Contribution Plan, the Shared Security Plan. Under this plan, employees receive a three (3) percent contribution for each year they work 1,000 hours for PHS. Employees can also contribute to a 403(b) plan with a matching provision. Investment options range from aggressive to conservative plans. Shared Security is available to you immediately upon employment. Generally, matching contributions are made after one year (1,000 hours) of service, if other eligibility criteria are met.

Individualized financial planning is available.

Retirement-PHP

Presbyterian Health Plan (PHP) employees participate in a Defined Contribution Plan, the Shared Security 401(k) Plan. Under the 401(k), employees automatically receive a three (3) percent contribution. The employees can also contribute to the plan with a matching provision by PHP. Investment options range from aggressive to conservative plans. Shared Security is available immediately upon employment. Generally, matching contributions are made after one year (1,000 hours) of service, if other eligibility criteria are met.

Individualized financial planning is available.

Educational Assistance

Education assistance and stipend program for "hard to fill" positions. Up to $2,000.00 reimbursement per year for regular full-time and $1,000.00 per year for regular part-time employees.

Other Great Benefits

• Shift differentials for nights, weekends and permanent weekends.
• Malpractice and General Liability Insurance
• Two Credit Union membership options
• CATCH ME! recognition awards
• Child Care Discounts at several day care centers
• Direct Deposit for your pay
• Relocation Bonus (for some positions)
• Fitness Club Discounts Healthplex membership
• Free Parking!

PLEASE NOTE:

This information is subject to change as situations warrant. Policy changes may supersede, modify, or eliminate policies or plans summarized in this document. This summary information does not constitute a contract or any part of a contract. PHS reserves the right to change or cancel these plans and policies.