Physician Benefits Summary

Retirement

401(a) Retirement Plan provides discretionary employer contributions

• Eligible upon completion of one year of service and 1,000 hours worked
• Fully vested after 5 years of employment
• Employees can self-direct investments or choose from a menu of funds

403(b) Employee Savings Plan allows employees to make contributions

• Eligible immediately upon hire
• Contributions can be made up to the IRS allowable maximum
• Option to elect contributions pre-tax, post-tax (ROTH), or a combination of the two
• Employees are always 100% vested in their contributions
• Employees can self-direct investments or choose from a menu of funds

457(b) Deferred Compensation Savings Plan allows physicians to save more for retirement through pre-tax payroll deductions

• Contributions can be made up to the IRS allowable maximum

Health Benefits

Health Plan

• Holzer offers a PPO health plan through MedBen; Holzer pays approximately 80% of the premium. Employee portion ranges from $148 per month for employee-only coverage to $564 per month for family coverage.
• Employees who have Holzer's MedBen Plan (or a comparable insurance plan) are eligible for discounts on outpatient services - 100% after insurance for employees, spouse and dependent children.

Dental Options

• Option 1 provides preventive and basic services at a lower monthly premium. Best for individuals/families who need little to no dental care outside of their oral exams and cleaning.
• Option 2 covers major services in addition to preventive and basic for a higher premium.

Vision

• Provided by VSP with access to a nationwide network.

Life, Disability, and Long-Term Care Plans

Employer Paid Basic Life and Accidental Death and Dismemberment (AD&D)

• Holzer provides coverage in the amount of $300,000

Employer Paid Short-Term Disability (STD)

• Beginning on the 11th calendar day off work, 100% of pay for 30 calendar days. Physician must use available ATO days for each day missed, with the exception of maternity leave

Employer Paid Long-Term Disability (LTD)

• Holzer pays a premium for a benefit of 60% of salary to a maximum benefit of $7,000 per month starting the 91st calendar day off work

Long-Term Care Insurance

• Physician may elect to purchase long-term care insurance for self and/or spouse, parents, grandparents, siblings, in-laws, and adult children

Buy-Up Options

• Supplemental Employee and Spouse Life Plans
• Supplemental Child Life
• Additional $3,000 per month maximum LTD coverage

Other Benefits

Full Suite of Voluntary Benefits

• Flexible Spending Accounts for Health Care and Dependent Care
• Accident Insurance
• Critical Illness Insurance
• Individual Short-Term Disability Insurance
• Hospital Indemnity Insurance

Time Off

• 30 days per calendar year for full-time (1.0 FTE) physicians for vacation, sick, or personal time

Continuing Medical Education (CME)

• Reimbursed up to $3,500 per contract year for continuing medical education and other eligible expenses
• Receive up to 5 days off per calendar year

Support for Board Certification/Re-Certification

• Reimbursed up to $1,500 (once per testing cycle) for board certification or re-certification testing fees
• Receive up to 8 days off (once per testing cycle) for board study

Licensure and DEA Reimbursement

• Holzer reimburses physicians for medical licensure and DEA renewals (initial cost is the responsibility of the employee)