Benefits Overview
Lutris Technologies offers employees a full range of benefits, including Medical, Dental, Long Term Disability, Short Term Disability and Life Insurance as well as Flexible Benefit and 401(k) plans. Coverage for insurance is effective the first of the month following date of hire.
MEDICAL COVERAGE
Provider: Aetna (Choose HMO or PPO platform)
HMO -
Choose a doctor (Primary Care Physician) from the HMO list (for processing application)
Primary Care Physician can be changed at any time.
- No deductible
- $10 co-payment per visit
PPO –
* Use "Preferred Providers"
$250 deductible per individual (maximum $750 per family)
- $10 co-pay for office visits (no deductible)
- 90% coverage for most services (after deductible)
* Use "Non Preferred Providers"
$250 deductible per individual (maximum $750 per family)
- 70% coverage for most services (after deductible)
Lutris Technologies pays 65% of medical premium cost/ Employee pays 35%
Cost to employee per pay period:
E ES EC ESC
HMO $ 22.55 $ 52.70 $ 41.02 $ 64.59
PPO $ 25.44 $ 66.98 $ 55.53 $ 97.07
E = Employee only
ES = Employee/Spouse
EC = Employee/Children
ESC = Employee/Spouse/Children
VISION BENEFITS
Provider: VSP
Eye examinations every 12 months. Frames and lenses every 24 months.
- $25 co-pay
Lutris pays 100% of vision premium cost. VSP can only be taken with enrollment in medical.
DENTAL COVERAGE
Provider: Principal Life Insurance Company
Preventative Treatment (i.e. cleaning/checkups):
- covered 100% with no deductible
Other procedures:
- covered from 50% to 80% after $50 deductible
Lutris Technologies pays 65% of dental premium cost/ Employee pays 35%
Cost to employee per pay period:
E ES EC ESC
$5.30 $11.42 $13.05 $19.16
LONG TERM and SHORT TERM DISABILITY
Provider: Phoenix
Lutris Technologies provides Long Term and Short Term Disability coverage for its employees. The employee may choose to reimburse Lutris for this coverage. There are potential tax advantages to reimbursement. If the employee becomes disabled and has paid the cost of the insurance, all benefits paid are considered non-taxable income. If the employee has not paid for the insurance, then payments made from the plan are considered a benefit of the company and are taxed as income. Whether to reimburse the company or not is strictly at the discretion of the employee.
LIFE INSURANCE
Provider: Phoenix
Lutris Technologies provides a life insurance policy for each employee that is equivalent to one times the employee’s salary. There is no cost to the employee.
401(k) SAVINGS PLAN
Provider: Pan American Retirement and Investment Services
Employees may contribute from 1 to 20 percent of their compensation on a pretax basis. The maximum annual contribution, established by the Internal Revenue Service, is currently $10,500 per year.
Account Administrative Representative - Liz Zelenka
Email- ELovoie-Zelenka@401k4u.com
Phone- 800/866-0095 ext. 4701
FLEXIBLE BENEFIT PLAN
Provider: HealthComp
Employees may opt to have a set amount deducted from their income for non-reimbursed medical expenses and dependent care. This deduction is taken pre-tax and deposited in a Flexible Benefit trust account. The employee submits medical or dependent care claims to the plan administrator and is reimbursed up to the annual amount pre-determined by the employee. Flexible benefit deductions can be used to cover medical expenses not covered under the medical plan such as: co-payments, vision care and glasses, chiropractors, acupuncture, and orthodontia.
The benefit is elected on an annual basis and cannot be changed until the next enrollment period. There is also a "use it or lose it" rule applied to this benefit. Any money that has been deposited to the account for which claims for the covered period have not been submitted will not be refunded. The employee has an additional 90 days after the plan year ends to submit additional claims. Employees are cautioned to be conservative in their estimates for deductions. Any money forfeited is returned to Lutris Technologies to offset administrative costs.
HOLIDAY POLICY
Total 10 Holidays Per Year:
Christmas Day on: |
Then the Holidays are: |
Monday – Thursday |
December 25th and 26th |
Friday |
December 24th and 25th |
Saturday |
December 24th and 27th |
Sunday |
December 26th and 27th |
PAID TIME OFF POLICY
First Year: 15 days per year. Accumulated at 4.615 hours per pay period.
Second Year and beyond: 20 days per year. Accumulated at 6.154 hours per pay period.
Maximum accumulation: 30 days.