an overview of legacy benefits and compensation · 8/26/2016 · • flexible spending accounts...
TRANSCRIPT
An Overview of Legacy Benefits and
Compensation
Presented by
Jason Schibel, Director of Compensation and Benefits
Legacy Benefit Philosophy
• Good health for our people to create a healthy legacy for
ourselves and our organization
• Thoughtful approach to change with employee feedback, market
competitiveness and financial sustainability
• Concept of “shared responsibility” by both employees and
Legacy
• On average, benefits add an additional 30%–35% to your annual
compensation.
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Eligibility and enrollment
• Regular Full-Time or Part-Time employees
Budgeted for at least 24 hours per week (0.6 FTE or greater)
• Benefits begin the first of the month following your
date of hire
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Medical, Rx, Dental, Vision
and other Benefits
Our Medical Plan – Details
• We are a self-insured health plan
Legacy determines eligibility, design and pays the health claim costs
• Legacy + Network
Currently compiling a network of providers for the Silverton and
surrounding areas
• $0 deductible
• Preventive services: 100% coverage
• Accident, Sickness and Routine Care: 80% coverage
• Out-of-Pocket Maximum: $2,000/$6,000 (individual/family)
• Alternative Care Benefit- Maximum plan paid of $500 per calendar year
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Our Medical Plan Prescription Benefit
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*Requires participation in the Chronic Care Program for asthma, chronic obstructive pulmonary
disease (COPD), congestive heart failure, coronary artery disease and diabetes
• Mail order available from Good Samaritan, Emanuel and Salmon Creek apothecaries.
• Log into MedImpact website for list of network pharmacies and current formulary.
Value* Generic
Preferred
Brand
Non-
Preferred Specialty
Legacy &
MedImpact
Network
Pharmacies
$5 $10
$25 or cost of
the drug,
whichever is
less
$50 + 20% or
cost of the
drug,
whichever is
less
$100
All other
pharmacies
(e.g., Walgreens)
No coverage – do not use
Our Dental Plan
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In-network
(Delta Dental PPO provider) Any other licensed provider
Deductible $25 / $75 (indiv/fam) for
basic and major services
$75 / $150 (indiv/fam) for
basic and major services
Maximum benefit $1,500 per member per calendar year
Diagnostic & preventive
services 100%
Basic services
(fillings, root canals, etc…) 80%
Major services
(crowns, bridges, etc…) 70% 50%
Orthodontia* 60% up to $3,000 per member per lifetime
Dental Anesthesia Covered in conjunction with an oral surgery performed at a dentist's
office
* Members must be enrolled in Dental plan for 12 months before Orthodontia services are covered.
Our Vision Plan
Benefit Details
Routine eye exam (not medical eye exams)
• One every calendar year
• $15 co-pay • Licensed optometrist
• Legacy + Network Ophthalmologist
• $50 co-pay • Out-of-network Ophthalmologist
Hardware
reimbursement
• Up to $200 every calendar year
• Frames, glasses and contacts
• Submit claims to UMR
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2016 Plan Premiums
*Proof of other medical coverage is required to waive Employee Only medical.
*Premiums subject to an additional $25 per pay period for tobacco use by employee (additional $25 per pay period for spouse use)
**Additional premium for spouses/DPs who are eligible for coverage through their employer.
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Coverage Option Medical Plan* Dental Plan Vision Plan
Full-time Part-time Full-time Part-time Full-time Part-time
Emp Only $15.93 $29.16 $4.24 $8.49 $6.07 $6.34
Emp and Spouse/DP $67.28 $86.50 $13.33 $17.79 $12.27 $12.81
Emp and Spouse/DP
(addt’l prem)** $250.29 $265.02 $26.50 $30.75 $12.74 $13.01
Emp and Child(ren) $61.07 $78.52 $23.50 $29.37 $11.44 $11.93
Emp and Family $105.62 $149.83 $32.29 $40.36 $18.41 $19.21
Emp and Family
(addt’l prem)** $301.39 $325.53 $44.52 $50.39 $19.02 $19.51
Costs are per pay period.
Full-time is 36-40 hrs/week / 0.9 to 1.0 FTE and part-time is 24-35 hrs/week / 0.6 to 0.89 FTE.
Additional Benefits
Benefit-Eligible Employees:
• Flexible Spending Accounts (FSA)
Pay for eligible expenses with pre-tax dollars
Health Care FSA up to $2,550 (co-insurance, co-payments, etc…)
Dependent Care FSA up to $5,000 (day care)
Optional direct deposit and automatic claims processing
• Life Insurance
Legacy-paid Basic Employee Life (1x your annual pay)
Supplemental Employee Life (up to 6x annual pay with Basic)
o Initial Guarantee Issue of $500,000 (basic + supplemental)
o More coverage requires approval
Spouse/Domestic Partner Life
o Initial Guarantee Issue of $100,000; more coverage requires approval
Dependent Life – $2,000, $5,000 or $10,000
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Additional Benefits
• Leaves of Absence
Medical, Family, Personal or Educational, Community Service, Military,
Bereavement, Jury duty, Temporary Modified Work request
• Accidental Death & Dismemberment Insurance
Employee only or Family coverage
$25,000 to $250,000 coverage options
• Disability coverage
Pre-existing exclusion for any condition you were treated for in the three
months prior to the effective date of your coverage
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Plan Benefit Paid by
Short-term- base 60% of base pay up to $500 per week Legacy
Short-term- buy up 60% of base pay up to $1000 per week Employee
Long-term- base 60% of base pay up to $3000 per month Legacy
Long-term- buy up 66 2/3% base pay up to $10000 per month Employee
Additional Benefits
• Education Assistance (Tuition Reimbursement)
The maximum calendar year reimbursement for undergraduate courses
is 75% of tuition costs up to $3,000 for full-time employees and $1,500 for
part-time employees.
The maximum calendar year reimbursement for graduate level and
higher courses is 75% of tuition costs up to $5,000 for full-time
employees and $2,500 for part-time employees.
• TriMet Pass Subsidy – $25 all zone
• Weight Watchers & Live It program reimbursement
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Additional Benefits
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All Employees:
• Special Discounts and Passes listed on Benefits intranet page
• L.A. Fitness discount ($26.99/mo per person)
• Tobacco cessation
• 800# quit line, NRT through Employee Health
• Employee Assistance Program (EAP)
Time Off Annual Paid Leave (APL)
What is it? • Single bank of hours for vacation, sick days, holidays, and personal time off
Who is eligible? • Full- and part-time employees (0.1 to 1.0 FTE)
Frontloaded APL for new
employees
• 40 hours (≥0.51 FTE) or 20 hours (0.10 to 0.50 FTE)
• No APL accrues until enough hours worked to accrue frontloaded hours
(468.4 hours or 234.2 hours)
Other employees • On call, per diem, supplemental and temporary employees are eligible for
Oregon Sick Time
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Months of Service Accrual Rate (per hour worked)
Maximum annual
accrual
Maximum APL bank
0-60 0.0962 200 480
61-120 0.1154 240 480
121-180 0.1347 280 480
181-240 0.1424 296 480
241-above 0.1462 304 480
Not capped by hours worked each pay period, just annual max (ie: accrue APL over 72 or 80 hours in a pay period)
Time off (cont)- PTO to APL Transition
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Effective January 1, 2017:
• Silverton employees’ PTO balances will transfer to Legacy’s HR systems as
APL.
Silverton employees will also begin accruing APL going forward under Legacy
policy and at appropriate accrual rate based on years of service (based on your
applicable Silverton service date.)
• A few small differences between APL and PTO:
Maximum balance of 480 hours compared to current 720 hours maximum
An opportunity to elect a cash out in 2017 will be part of the upcoming annual enrollment
process that will occur at Silverton in November. Cash outs will be paid in early 2017.
Hardship cash outs are available in certain IRS approved situations
• Silverton employees’ EIB balances will transfer to Legacy’s HR systems and
froze.
Your accrued EIB bank will still be available for your use in compliance with the
current Silverton policies that address EIB usage.
Legacy Retirement Plans (all employees)
403(b) Employee Savings Plan,
401(a) Legacy Match Plan and
Legacy Employer Contribution Plan
Our Retirement Plans
403(b) Employee Savings Plan
Administered Lincoln Financial Group
% of you pay deducted from your pay check
1-85% up to IRS limits
All employees are eligible to participate
Rollover any qualified retirement plan employer
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Our Retirement Plans
• 401(a) Legacy Matched Savings Plan
Eligible after one year, worked 1,000 hours and 21 years of age
Legacy match = 50%, 60%, or 70% of the first 5% you contribute
to your 403(b)
5 year graded vesting schedule
Post-doctorate research fellows and employees represented by
some unions are not eligible for a match
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Years of Service Match %
1-9 50%
10-15 60%
16+ 70%
Our Retirement Plans
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• Legacy Employer Contribution Account
Eligible after worked 1,000 hours in the year and age 21+
Legacy contributes a % of your salary to the Plan each year
3 year cliff vesting
Post-doctorate research fellows and employees represented by
some unions are not eligible
Total Legacy Contribution to Your Retirement
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Years of
Service Employer Contribution
Plan % 401(a) Match % Total Legacy %
1 - 5 2.5 2.5 5.0
6 - 9 4.0 2.5 6.5
10 4.0 3.0 7.0
11 - 15 5.0 3.0 8.0
16 - 20 6.0 3.5 9.5
21+ 7.0 3.5 10.5
Compensation: Philosophy and Pay Practices
Legacy Compensation Philosophy
• Align with and support Legacy goals and culture
• Attract and retain preferred employees
• Establish Legacy as a preferred employer
• Maintain a competitive position in the defined labor market
• Be financially feasible
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RN Pay Practices
• Legacy has a comprehensive set of RN pay practices that reward nurses
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Pay Practice – Staff Nurse Legacy
Shift Differentials Evening: $2.45 Night: $5.75 Weekend: $2.00
Education Pay BSN: 4% MSN (or above): 6%
Certification Pay $2,000 annually (pro-rated for hours worked)
Preceptor Differential $2.50/hour
Supplemental/On Call/Per Diem Differentials:
0% supplemental, 10% on-call, 15% per diem (per diem in approved units only)
Floating Premium None
Overtime Pay 1 ½ times regular rate (Based on ‘pay plan’ in place (9/40, 10/40, 12/40 or NON)
Holiday Pay 1 ½ times regular rate
Call Worked and Standby
Standby: $4/hour (paid during standby shift, including hours worked)
Call Worked: 1 ½ times regular rate
Holiday Standby: $7/hour
Holiday Call Worked: 1 ½ times regular rate
Minimum pay for call worked: 3 hours
OR/Surgery/Cardiac Cath: Additional $3.50 for standby hours over 46 in a pay
period
Minimum Shift Pay (other than called in from standby)
None required; employee may be offered 2 hours of work or option to leave.
Short Notice/Extra Shift Differential 40% differential on regular rate (LSI – short notice w/in 7 days and minimum shift of 4 hours)
Charge RN 6% differential
2016 Nursing Certification List (as approved by Nurse Executive Council)
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Certification Acronym Accrediting
Body Certification Acronym Accrediting
Body
AACN Pediatric CCRN CCRN AACN CHFN-Certified Heart Failure Nurse CHFN AAHFN-CB
AACN-CCRN or CCRN-K CCRN ACMA Commission for Case Manager Certification CCM CCNC
Accredited Case Manager ACM ACMA Continence (add on to wound ostomy certification) CWOCN WOCBCB
Adult Health Clinical Nurse Specialist ACNS-BC ANCC General Practice Nursing RN-BC ANCC
Advanced Oncology Certified Nurse AOCN ONCC Gerontological Nursing RN-BC ANCC
Ambulatory Care Nursing RN-BC ANCC Informatics Nursing RN-BC ANCC
Cardiac Rehab Nursing RN-BC ANCC Inpatient Obstetric Nursing RNC-OB NCC
Cardiac-Vascular Nursing RN-BC ANCC Low Risk Neonatal RNC RNC-LRN NCC
Care Coordination and Transition Management CCCTM MSNCB Maternal Newborn Nursing RNC-MNN NCC
Certified Ambulatory Perianesthesia Nurse CAPA ABPANC Medical-Surgical Nurse RN-BC ANCC
Certified Hospice and Palliative Nurse CHPN HPCC Med-Surg Certification CMSRN MSNCB
Certified Lactation Consultants CLC IBLCE Neonatal Intensive Care Nursing RNC-NIC NCC
Certified Lactation Counselor CLC ALPP Nursing Case Management RN-BC ANCC
Certified Neuroscience Registered Nurse CNRN ABNN Nursing Professional Development RN-BC ANCC
Certified Nurse Operating Room CNOR CCI Oncology Certified Nurse OCN ONCC
Certified of Gastroenterology Nurses CGRN ABCGN Oncology Certified Breast Care Nurse CBCN ONCC
Certified Pediatric Emergency RN CPEN PNCB Pediatric Nursing RN-BC ANCC
Certified Pediatric Oncology Nurse CPON ONCC Pediatric Nursing CPN PNCB
Certified Post Anesthesia Nurse CPAN ABPANC Perinatal Nursing RN-BC ANCC
Certified Professional Healthcare Management - Utilization Review NCQA Progressive Care Nursing (PCCN) PCCN AACN
Certified Registered Nurse Infusion (CRNI) CRNI INCC Psychiatric-Mental Health Nursing RN-BC ANCC
Certified Rehabilitation Registered Nurse CRRN RNCB Stroke Certified Registered Nurse SCRN ABNN
Certified Clinical Transplant Coordinator CCTC ACTC Vascular Access Certification VA-BC VACC
Certified Clinical Transplant Nurse CCTN ABTC
Reference: Gavin, C. 2016 Guide to Nursing Certification Boards.
Dimensions Critical Care Nursing 2016; 35(1): 3-9.
Thank you!
Questions?
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