Employee Benefits
As part of its commitment to hiring and retaining a dedicated team of administrative and healthcare support professionals, University Physicians, Inc. offers an extensive benefits package for employees. Choose from a variety of comprehensive medical care plans. Save for retirement, and University Physicians will help you save by contributing 7% of your gross earnings* to your retirement plan. Enjoy approximately three weeks of paid time off each year.Please note that University Physicians is on a monthly payroll cycle. Employees are paid on the first business day of each month.
Resources
» Download Complete 2008-2009 Benefits Guide
» Health Benefit Rates
Introduction
» Enrollment: Deadlines & Defaults
» Eligibility & Coverage
Health
- 5 Medical Plan Options
- 2 medical plan categories (HMO, PPO)
- Eligibility begins the 1st of the following month from date of hire (If date of hire was February 15, eligibility would begin March 1)
- Mail-order prescriptions
- No pre-existing limitations
- 2 Dental Plan Options
- Premium paid for employee coverage under the EPO plan
- Basic Term & Accidental Death and Dismemberment provided at no cost. Coverage starting at $40,000.
- Optional Term Life Insurance
- Insurance Plan Options
- Short-Term Disability
- Long-Term Disability provided at no cost to eligible employees
- Disability Benefit Options
- Allows employees to deduct certain benefits on a pre-tax basis to lower taxable income
- Healthcare and Dependent Care Spending Accounts
- UPI-Flex Overview
- 403(b) – This plan enables employees to make retirement contributions on a pre-tax basis through a salary adjustment agreement with University Physicians. Investments grow tax-free until withdrawn at retirement. Employees who opt into this plan may begin contributing immediately and have the flexibility to change the amount of their investment at any time.
- 401(a) – This is a retirement savings account available to employees after one year of service. Employees do not contribute to this plan; University Physicians automatically contributes 7% of regular gross earnings on behalf of the employee. Enrollment is automatic and funds become available according to the following vesting schedule: 25% after two years, 50% after three years, and 75% after four years. After five years of employment, all funds contributed are made available to the employee.
- Paid time off begins accruing immediately
- Approximately 3 weeks of paid time off accrued per year*
- 10 paid holidays
- Employees who are actively employed on July 1, 2008 will receive an additional day of paid time off*
- 7 days of extended illness per year*
- Employees who have been employed full-time with University Physicians for at least one year are eligible to apply for tuition assistance for approved coursework.