Cost of Coverage
The limited medical plans are designed to provide coverage for basic health care services. These plans do not qualify as minimum essential coverage under the Affordable Care Act (ACA).
The medical coverage does not have any deductibles, copays, pre-existing condition limitations or waiting periods. (Not familiar with these terms? Check out our glossary.)
The cost of limited medical and dental coverage is deducted bi-weekly from your pay before taxes. The bi-weekly deduction pays for coverage during that pay period. Since deductions are processed pretax, IRS regulations determine when you can enroll, change or cancel coverage during the year. You must enroll when initially eligible or during Benefits Annual Enrollment and the coverage you elect will remain in place for the entire year. If you don’t, you must wait until the next Benefits Annual Enrollment to enroll, unless you have a qualifying life event.
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Medical – Bi-weekly rates
Weekly Rates Standard Plan Preferred Plan Teammate $17.55 $34.62 Teammate + 1 $34.62 $72.35 Family $40.29 $86.86
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Dental – Bi-weekly rates
Teammate $9.50 Teammate + 1 $20.90 Family $25.65
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Short-Term Disability – Bi-weekly rates
Teammate $5.95
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Life and AD&D – Bi-weekly rates
Teammate $1.72