Benefits offered by Blue Cross Blue Shield include specialist care, hospitalization, prescription drugs plan, home health care, preventive care, emergency services and vision care, among others.
Blue Cross Blue Shield’s website allows each employee to track their medical and dental claims (if applicable), when the deductibles are met and even sign up for free health programs (myhealthtoolkitkc.com). Their website also has a free Health Risk Assessment (HRA) program that offers tips to improve your health.
- Dependents, through age 26, can be included in the medical and dental plans (affidavits will be needed to add adult dependents).
- The company offers an annual Health Fair where employees have the opportunity to receive a convenient, on-site health screening (cholesterol, blood pressure, and glucose exam) during regular business hours.
As of an employee’s date of hire s/he will be automatically covered under our basic life insurance plan with UNUM Life Insurance Company. The coverage is equal to two times the employee’s base annual salary. (i.e.: $40,000 base annual salary, an employee would be insured for $80,000). This premium is fully paid by the company.
As of an employee’s date of hire, s/he is automatically covered under our Accidental Death and Dismemberment insurance. The coverage of this insurance will be two times the base earnings, rounded to the next lower $1,000. Benefits terminate at retirement. Premiums are fully paid by the Company.
This plan, with Zurich Insurance Company, pays benefits in case of accidental death while an employee is traveling on company business equal to four times your base annual salary.
The Tax Savings Plan, also known as the Flexible Spending Account (FSA), allows employees to redirect certain allowable expenses incurred, and pay for them with tax-free money. The FSA can provide significant tax savings for expenses incurred in:
- copayments for doctors/specialist visits
- daycare expenses that include before and after school care for children
Full time, regular employees are covered under STD benefit for personal medical conditions in which they become disabled for a period of less than three (3) months.
Our Group Long Term Disability Insurance Plan has been specially designed to provide monthly benefits when an employee is disabled and prevented from performing the regular duties of his/her job as a result of a covered accident or sickness. The employee will be automatically enrolled after completing one year of service and coverage is at 60% of the employee’s base salary.
As of their date of hire, employees are eligible to enroll in this plan. For every dollar saved in this plan, Seaboard Marine will match 50% on the first 6% of an employee’s annual salary. Administered by Merrill Lynch, these monies are professionally managed and invested as per the employee’s direction in any of many different investment options.
New ROTH 401(k) feature – Merrill Lynch also offers a ROTH 401(k) option, which is an after-tax contribution that allows for earnings on Roth contributions to be tax free as long as the distribution is made at least 5 years after the first Roth contribution is made and the age of 59 ½ has been reached.
DISCLAIMER: The above is only intended as a helpful summary, the actual plan description booklets will prevail.