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
» 2012-2013 Benefits
» Benefit Rates 

Health

• 3 Medical Plan Options
• 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

Dental

• 2 Dental Plan Options
• Premium paid for employee coverage under the EPO plan

Life Insurance

• Basic Term & Accidental Death and Dismemberment provided at no cost. Coverage starting at $50,000.
• Optional Term Life Insurance

Disability Programs

• Short-Term Disability
• Long-Term Disability provided at no cost to eligible employees

Flex Spending Plan

• Allows employees to deduct certain benefits on a pre-tax basis to lower taxable income
• Health Care and Dependent Care Spending Accounts

Retirement

• 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 Investments grow tax-free until withdrawn at retirement.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

• 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 will receive an additional day of paid time off*
• 7 days of extended illness per year*

*Figures are based on regular hours accrued for full-time employees.