Columbian Mutual’s medical coverage is with Excellus Blue Cross Blue Shield. Coverage becomes effective on the first day of the month coinciding with or following the date of hire. To offer you some flexibility and choice in how you manage your healthcare budget, we have three HDHP plan options for 2021:
We offer three tiers of coverage (employee only, employee plus one, and family coverage). Company contributions to the plan depend on the plan and coverage tier that you elect, your incentive level in the Blue4U wellness program, and your salary band.
If you are enrolled in our HDHP and meet certain eligibility requirements, you are able to open an HSA (Health Savings Account). The HSA is an individually-owned, tax advantaged account that can be used to pay many medical expenses. You can make monetary contributions to your HSA, dependent on IRS contribution limits. In order to offset some of the upfront medical expenses associated with the HDHP, the Company will make an annual contribution to your account in 2021. The contribution will be a maximum of $500 for Employee Only coverage and $1,000 for Employee + One or Family coverage, prorated from date of hire.
Dental insurance is with Guardian. Again, coverage becomes effective the first day of the month coinciding with or following the date of hire. Individual coverage is available for $20.49 monthly, Employee + 1 coverage is available for $47.86 monthly, and Family coverage is available for $74.63 monthly in 2021.
Vision care coverage is available through EyeMed Vision Care. Coverage becomes effective the first day of the month coinciding with or following the date of hire. In 2021, individual coverage is available for $6.79 per month; Employee + 1 coverage is available for $12.91 per month; and Family coverage is available for $18.95 per month.
401(k) Savings Plan:
A company-sponsored 401(k) Savings Plan is provided, with participation level based on your personal savings objectives. Our 401(k) plan is with Vanguard and includes a wide variety of fund and investment options. Upon hire, you will be automatically enrolled and will have a 6% payroll deduction after a 30 day opt-out period. The Company will contribute an amount equal to 4% of your earnings, plus a match to your contribution equal to 100% of the first 2% you contribute and then 50% of the next 4% you contribute, for a maximum of an 8% company contribution.
The group term life insurance benefit equals two times an employee’s base salary. Benefit becomes effective the first day of the month coinciding with or following the date of hire. Additional optional insurance may be purchased in $10,000 increments from $10,000 up to 5 times your base salary (maximum of $500,000). Dependent life insurance may be purchased for spouse (50% of optional employee benefit amount up to a maximum of $100,000) and/or children (maximum of $10,000).
Accidental Death and Dismemberment (AD&D):
The AD&D benefit equals one times base salary. Benefit becomes effective the first day of the month coinciding with or following the date of hire. Additional optional insurance may be purchased in $10,000 increments from $10,000 up to 5 times base salary (maximum of $500,000).
Short & Long Term Disabilities:
New York Statutory DBL and the Company Sick Pay Plan for short term disabilities up to six months, plus Columbian Mutual’s Long Term Disability Plan providing 60% of salary for disabilities lasting more than 180 days for regular full time employees.
Discounted rates are available on Life Insurance with CFG and Auto/Homeowners/Renters Insurance with Liberty Mutual. Personal sickness, personal accident, and cancer plans are available through Colonial.
|Month of Hire||Days available after 3 months of employment|
|October - December||None|
New Year’s Day
Martin Luther King, Jr. Day
Thanksgiving Day & the Friday After
Christmas Eve & Christmas Day
The Home Office business hours are 8:00 a.m. to 4:30 p.m. However, you may select to work from either 8:00 a.m. – 4:30 p.m., 7:30 a.m. – 4:00 p.m., or 8:30 a.m. – 5:00 p.m. with your supervisor’s approval.
Reimbursement is available for both tuition and books for classes that are job related and pre-approved upon successful completion of the course, up to a maximum of $5,000 per calendar year. Successful completion is defined as a grade “C” or better.
LOMA and other Industry Related Courses:
The Company will pay for the initial exam fee for Life Office Management Association (LOMA) courses. For every course passed that works toward the FLMI (Fellow, Life Management Institute), an employee will receive one (1) PTO day added to the employee’s PTO bank. Further, after successful completion of LOMA 280/281 and 290/291 (first two courses toward FLMI), an employee will receive a $150 cash award. Upon receiving the ACS award, an employee will received $250, and upon receiving the FLMI award, an employee will receive an additional $250 award.
The above are brief descriptions of some of the benefits offered by Columbian Mutual. This is not meant to interpret or change the provisions/policies of the Company. If there are any discrepancies, the Plans/Policies shall govern.
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