MVP Health Care offers a Cafeteria Benefit Plan that allows you to choose among a variety of benefit options to create a benefit package that works best for you. MVP pays for a significant portion of the benefit costs through direct employer contributions. MVP also provides you with service credits, based on length of service, which you can use to help offset the cost for the following benefits.

• Medical
• Dental
• Supplemental Long Term Disability
• Supplemental Life Insurance for yourself, your spouse, or your child
• Flexible Spending Accounts

Health Insurance

MVP HDHP with HSA

Effective Date: First day of employment

Cost Share For Full-Time Employees:
Individual Coverage: Company pays 100% of the premium
2-Person Coverage: Company pays 100% of the premium
Parent/Child(ren): Company pays 100% of the premium

Family Coverage: Company pays 100% of the premium

Cost Share for Benefit-Eligible Part-Time Employees and Job Share Employees:
An additional premium is charged to benefits eligible part-time employees that are pro-rated based on regularly scheduled hours.

Health Savings Account (HSA):
MVP contributes $650 for single coverage, $1,000 for 2-person coverage, and $1,250 for family coverage to a designated HSA account.

Policy:
MVP PPO or TriVantage EPO

Effective Date:
First day of employment

Cost Share For Full-Time Employees:
MVP PPO:
Individual Coverage: Company pays approximately 87% of premium
2-Person Coverage: Company pays approximately 87% of premium
Parent/Child(ren): Company pays approximately 87% of the premium
Family Coverage: Company pays approximately 87% of premium

TriVantage EPO:
Individual Coverage: Company pays approxiamtely 94% of premium
2-Person Coverage: Company pays approxiamtely 94% of premium
Parent/Child(ren): Company pays approxiamtely 94% of the premium
Family Coverage: Company pays approxiamtely 94% of premium

Cost Share for Benefit-Eligible Part-Time Employees and Job Share Employees:
An additional premium is charged to benefits eligible part-time employees that are pro-rated based on regularly scheduled hours.

Medical Opt-Out:
MVP co-workers may also choose to opt-out of medical insurance altogether and receive extra pay for doing so. If you "waive" (opt-out), MVP will add $25 per pay period to your gross taxable wages.

Service Credits

Service credits are benefit dollars that are awarded based on your length of service with the Company, beginning after the completion of 3 full years of employment, as of the end of the calendar year. They are awarded at the end of the year, and may be used to offset the cost of benefits for the following year. The amounts of service credits you earn vary, based on whether you are a full or part-time (tier 1 or tier 2) coworker and your length of service with the company.

Pharmacy Plan

Policy:
RX Coverage included with the HDHP, MVP PPO and Tri-Vantage EPO.

Effective Date:
First day of employment

Cost:
Included in the cost of health insurance listed above

Benefits:

• MVP PPO Rx Schedule: $10 generic/$20 brand/$30 non-formulary.
• Tri-Vantage EPO Rx Schedule: $10 generic/$30 brand/$50 non-formulary.
• Rx is included as a medical expense in the HDPPO Plan.

Vision Care

Policy:
Included in the medical benefits for the Tri-Vantage EPO plans.

Effective Date:
First day of employment

Cost:
Included in the cost of health insurance listed above

Dental Insurance

Administrator:
MVP Select Care

Effective Date:
Ninety (90) days after date of employment

Cost for regular full-time employees:
Single - $5.00/per person/pay period
2-person - $9.00/per person/pay period
Parent Child(ren) - $8.00/per person/pay period
Family - $15.00/per person/pay period

Prorated for Part Time employees

Eligibility:
Full-Time, Benefits-Eligible Part-Time Tier 1 and Tier 2 Employees, and Job Share Employees.

Life/Accidental Death and Dismemberment Insurance Policy

Effective Date:
First day of employment

Eligibility:
Full-Time, Benefits-Eligible Part-Time Tier 1 and Tier 2 Employees, and Job Share Employees.

Cost:
Basic coverage paid in full by Company

Benefits to age 65:
Basic Life Insurance: One (1) times annual salary up to a maximum of $500,000

Basic Accidental Death and Dismemberment: One (1) times annual salary up to a maximum of $500,000

Basic Dismemberment: Up to one (1) times annual salary to a maximum of $500,000 per schedule in Contract.

Optional Supplemental Employee Life Insurance: Additional 1-5 x salary up to a maximum of $900,000.

Optional Spouse/Domestic Partner Life Insurance: 50% of employee’s supplemental life amount up to a maximum of $100,000.

Optional Dependent Life Insurance: $4,000 per child, which is employee, paid.

(Reductions in benefits of 35% each occur at ages 65, 70 and 75.)

Long-Term Disability Insurance Policy

Prudential Insurance Company

Effective Date:
Ninety (90) days after date of employment

Cost for Basic Converage:
Paid in full by Company

Eligibility:
Full-Time and Benefits-Eligible Part-Time Tier 1 Employees and Job Share Employees

Waiting Period:
26 weeks of total disability

Benefit:
Pays 50% of base salary up to a maximum of $3,500/month; minimum of $100.00/month to age 65 (reduced benefit applies after age 65) paid by the company. Employees have the option purchase an additional 10% to get to 60% of base salary.

New York State Short-Term Disability Insurance Policy

Prudential Insurance Company

Effective Date:
First day of employment.

Eligibility:
All Full-Time and Benefits-Eligible Part-Time Tier 1 and Tier 2 Employees and Job Share Employees.

Cost:
$.60/week ($1.20/pay period) paid by NYS resident employees; balance paid by Company.

Waiting Period:
Seven (7) days of total disability

Benefit:
Pays 50% of base salary up to a maximum of $170.00/week for up to 26 weeks total for non-work related illnesses and injuries

Short Term Disability Insurance

Prudential Insurance Company

Effective Date:
After an eligibility waiting period of ninety (90) days from first day of employment. Must be an active employee.

Cost:
Paid in full by the Company.

Eligibility:
All Full-Time and Benefits-Eligible Part-Time Tier 1 and Tier 2 Employees and Job Share Employees.

Waiting Period:
7 days of total disability.

Benefit:
Weekly STD benefit (STD + NYS STD) totals 60% of your insured predisability earning reduced by deductible income, up to a weekly maximum of $2,500. Benefits continue during disability up to 25 weeks.

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