Employment Benefits Package
Summary of Employee Benefits
All employee benefits and additional information disclosed in this summary are subject to change without notice. Currently, the following are available to Primaris employees:Insurance Program
Medical Insurance
Primaris offers a choice of two healthcare plans to regular full-time employees (30+ hours/week). Each plan has been designed to encourage preventive care and to protect employees and their families against financial hardship in the event of serious illness or injury.Primaris pays 90 percent of employee premiums and 75 percent of family premiums.
Regular full-time employees (30+ hours/week) are eligible for medical coverage on the first of the month following a thirty-day waiting period.
Prescription Insurance
Primaris provides prescription drug coverage for outpatient prescription drugs which are approved for use in the United States by the federal Food and Drug Administration and require a written prescription order from the employee’s physician.Employee copays are $8 for generic drugs, $25 for preferred drugs, and $45 for all other covered drugs.
Regular full-time employees (30+ hours/week) are eligible for prescription coverage on the first of the month following a thirty-day waiting period.
Dental Insurance
Primaris provides preventive, basic, and major dental coverage for regular full-time employees (30+ hours/week). The latter two have a $50 deductible per year. Preventative pays 100 percent of covered charges. Basic pays 80 percent of covered charges over the deductible. Major pays 50 percent of covered charges over the deductible.Primaris pays 100 percent of employee premiums and 80 percent of family premiums.
Regular full-time employees (30+ hours/week) are eligible for dental coverage on the first of the month following a thirty-day waiting period.
Life Insurance
Primaris provides term life insurance as follows:
- Two times annual salary to a maximum of $300,000 (or double for accidental death) for regular, full-time employees in entry-level through manager-level positions
- Three times annual salary to a maximum of $300,000 (or double for accidental death) for regular, full-time employees in director-level through chief-level positions
- $5,000 for spouse, and
- $5,000 for dependent child age 14 days to 22 years (24 years if full-time student).
Primaris pays 100 percent of premium. Regular, full-time employees (30+ hours per week) are eligible for life insurance coverage on the first of the month following a thirty-day waiting period.
Additional life insurance can be purchased for the employee and/or dependents through payroll deduction. Additional coverage is offered, without evidence of insurability, for the employee and/or his or her dependents only during the first thirty days of employment.
Disability Insurance
Primaris provides long-term disability benefits to eligible
employees in the amount of 66 2/3 percent of an employee's
insured earnings (rounded to the nearest dollar). Primaris
pays 100 percent of premium. Regular full time employees
(30+ hours/week) are eligible for disability coverage on
the first of the month following a thirty-day waiting period.
Long-term Care Insurance
Primaris provides for two base-plan units of long-term care benefits to eligible employees. Base plan is defined as:
- Level of Care: Long-term care facility and 100 percent of professional home care
- Monthly Benefit: $2,000 long-term care facility/100 percent professional home care
- Benefit Duration: Three years long-term care facility/100 percent professional home care
- Elimination Period: 90 days
Leave Benefits
Paid Time Off
Paid Time Off (PTO) combines vacation and sick leave benefits into one category of time off with pay. PTO days may be used for illness, vacation, family emergencies, preventive health, dental care, or personal business.Employees begin earning PTO from the first day of employment at the rate of 5.77 hours for each 2-week pay period worked. PTO hours will be prorated for the pay period in which the employee begins, based on the start date; the pay period in which the employee terminates, based on the ending date; and in any pay period in which leave without pay occurs.
Employees can start using PTO as soon as the first six months of employment are completed. During the first six months of employment, PTO can be used for an illness or family emergency if enough hours are accrued. PTO may be accumulated up to 550 hours. If PTO accrual goes beyond 550 hours, at the end of the calendar year, the employee will be paid for the hours in excess of 550 hours at one-half of his or her current salary rate.
Paid Holidays
Paid holidays are prescheduled at the beginning of the calendar year. A schedule of approved holidays will be provided to each employee. Currently, Primaris grants the following paid holidays to regular full-time employees:- New Year's Day
- Martin Luther King Day
- President's Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veteran's Day
- Thanksgiving Day
- Friday after Thanksgiving
- Christmas Day
Pension Plan
Primaris provides a 401(k) Safe Harbor Plan for each employee. At the present time, Primaris contributes 7.5 percent of taxable wages to each employee’s account.
Eligibility begins the first day of the month following six consecutive months of service with the organization. Employees are 100 percent vested on the date of eligibility.
In addition to Primaris' contribution, each employee
has the option to defer up to one hundred percent of his/her
salary to the 401(k) Safe Harbor Plan up to the total maximum
allowed by IRS.
Optional Benefits
- Direct deposit to the bank of your choice
- Cafeteria Plan Enrollment (dependent premium, qualified medical expenses, and/or child care expenses being paid with before-tax dollars)
- Tuition Reimbursement of up to $2,000 per year for successful
completion of a job-related course or educational program.
An employee must have completed one year of service and
be a regular full-time employee to be eligible. Supervisor
and Human Resources must pre-approve courses.