Employee Benefits Plan Examples
Example 1 - Low
Life Insurance
$25,000
No spousal or child coverage
Travel Insurance
100% reimbursed - 60 day trip max
$1,000,000 / person lifetime maximum
Prescription Drugs
Mandatory generic
70% reimbursed, no deductible
$3000 / person / year maximum
Paramedical Services
70% reimbursed, no deductible
$300 / person / practitioner / year maximum
$1000 / person / year maximum for all practitioners combined
Vision
$75 / 24 months for adults
$75 / 12 months for children
Hearing Aids
$500 / 5 years
Dental Care - Basic & Preventative
70% reimbursed, no deductible
$500 / person / year
$2000 / year family maximum
Example 2 - Medium
Life Insurance
1x yearly salary
$10,000 spouse | $5000 children
Travel Insurance
100% reimbursed - 60 day trip max
$3,000,000 / person lifetime maximum
Prescription Drugs
Mandatory generic
80% reimbursed, no deductible
$5000 / person / year maximum
Paramedical Services
80% reimbursed, no deductible
$500 / person / practitioner / year maximum
$1500 / person / year maximum for all practitioners combined
Vision
$150 / 24 months for adults
$150 / 12 months for children
Hearing Aids
$500 / 5 years
Dental Care - Basic & Preventative
80% reimbursed, no deductible
$750 / person / year
$3000 / year family maximum
Example 3 - High
Life Insurance
2x yearly salary
$20,000 spouse | $10,000 children
Travel Insurance
100% reimbursed - 60 day trip max
$5,000,000 / person lifetime maximum
Prescription Drugs
Mandatory generic
90% reimbursed, no deductible
$10,000 / person / year maximum
Paramedical Services
90% reimbursed, no deductible
$750 / person / practitioner / year maximum
$2000 / person / year maximum for all practitioners combined
Vision
$250 / 24 months for adults
$250 / 12 months for children
Hearing Aids
$500 / 5 years
Dental Care - Basic & Preventative
90% reimbursed, no deductible
$1000 / person / year
$4000 / year family maximum
Dental Care - Major
50% reimbursed
Included as part of the personal & family maximums
Optional Coverages:
Critical illness insurance
Short-term disability
Long-term disability