Presbyterian Employees' Health Plan

Presbyterian Offers Three Medical Plan Options

• CoPay Plan -- Has a higher premium taken out of your paycheck, but costs you less out-of-pocket when you use services
• Coinsurance Plan -- Has a lower premium taken out of your paycheck, but will cost you more out-of-pocket each time you use services.
• High Deductible Health Plan -- Has the lowest premiums taken out of your paycheck, but will cost you more out-of-pocket each time you use services.

Dental Coverage

Delta Dental Delta Dental Advantage, the largest network of Dental Carriers, provides preventive and diagnostic services paid at 100% of reasonable and customary charges. The PresStandard plan is subject to a $60 annual deductible per individual. This plan pays 80% for basic services and 50% for major dental, with a maximum benefit of $1500 per calendar year. Orthodontia services are paid at 50% of reasonable and customary charges with a lifetime maximum of $1,500. The PresOption plan covers 100% of preventive care and 50% of restorative care. Other services are not covered under the PresOption plan.

Vision Care

Eye Med

Presbyterian employees who are eligible for PresElect Benefits may also enroll in the EyeMed vision plan. It offers a network of vision providers who provide care and materials at a lower cost.

Paid Time Off

Healthcare Spending Accounts

Many of our employees have taken advantage of this pre-tax benefit. You may set aside dollars from each paycheck to help pay for healthcare expenses. Since allowable expenses are paid for with pre-tax dollars, it's like getting a discount of 24 - 30 percent on these expenses.

Dependent Daycare Spending Accounts

Dependent Daycare Spending Accounts help you pay for certain day care expenses for your children or other eligible dependents, with pre-tax dollars. This only covers dependent day care that is provided while you work and your spouse (if you're married) works or attends school full time.

Domestic Partners

Domestic Partner coverage is provided to those who meet the following criteria: two unmarried indivduals in a long-term relationship (Minimum 12 months) with mutual committment of responsibility to each other's welfare with shared financial contributions. 

Long-Term Disability

Long-Term Disability Insurance is provided by Presbyterian at no cost for benefit eligible employees. The plan offers income protection if you are unable to work due to an extended illness or injury. If you become totally disabled and unable to work for 90 days, the plan will pay you 60% of your pay - with a minimum benefit of $100 a month and a maximum of $7,500 a month. (Benefits may be reduced if you receive other sources of income or you return to work on light duty.)

Short-Term Disability

Available after one year of employment at no cost to you. After one week of medical absence, benefits are paid for up to 12 weeks at 80 percent of pay and at five years of service, up to 12 weeks at 90 percent of pay.

The Education Plan of NM

Through this plan, you may set money aside for your college or trade school education or for that of a family member. It allows you to open a college/trade school savings account to fund costs at most college and trade schools in the United States. (If you have questions, please contact The Education Plan at www.tepnm.com, or 1-800-499-7581, Monday - Friday from 9 a.m. to 12 a.m. EST.)

Life Insurance

All eligible employees are automatically covered under Basic Life Insurance. Your coverage amount is equal to your annual salary.

• Supplemental Life Insurance is coverage you buy in addition to your Basic Life Insurance. You may purchase Supplemental Life Insurance for yourself, your spouse, and/or your dependents.

Accidental Death or Dismemberment

This insurance pays your beneficiary a benefit if you die in an accident, and pays you a benefit if you lose an eye or limb in serious accident. You may also purchase AD&D coverage for your spouse, children and/or the entire family.

Retirement-PHS

Presbyterian Healthcare Services (PHS) employees participate in a Defined Contribution Plan, the Shared Security Plan. Under this plan, employees receive a contribution for each year they work 1,000 hours for PHS. Employees can also contribute to a 403(b) plan with a matching provision. Investment options range from aggressive to conservative plans. Shared Security is available to you immediately upon employment. Generally, matching contributions are made after one year (1,000 hours) of service, if other eligibility criteria are met.

Individualized financial planning is available.

Retirement-PHP

Presbyterian Health Plan (PHP) employees participate in a Defined Contribution Plan, the Shared Security 401(k) Plan. Under the 401(k), employees receive a contribution for each year they work 1,000 hours for PHP. The employees can also contribute to the plan with a matching provision by PHP. Investment options range from aggressive to conservative plans. Shared Security is available immediately upon employment. Generally, matching contributions are made after one year (1,000 hours) of service, if other eligibility criteria are met.

Individualized financial planning is available.

Educational Assistance

Education assistance and stipend program for "hard to fill" positions. Up to $2,000.00 reimbursement per year for regular full-time and $1,000.00 per year for regular part-time employees.

Other Great Benefits

• Shift differentials for nights, weekends and permanent weekends.
• Malpractice and General Liability Insurance
• Two Credit Union membership options
• CATCH ME! recognition awards
• Child Care Discounts at several day care centers
• Direct Deposit for your pay
• Relocation Bonus (for some positions)
• Culture of Health (Healthy Me Wellness Program)
• Employee Assistance Program (EAP)
• Fitness Club Discounts Healthplex membership
• Special programs to help manage your healthcare costs (e.g. Prescious Pregnancies, Case Management, and Pharmacy Help Line)
• Free Parking!

PLEASE NOTE:

This information is subject to change as situations warrant. Policy changes may supersede, modify, or eliminate policies or plans summarized in this document. This summary information does not constitute a contract or any part of a contract. PHS reserves the right to change or cancel these plans and policies.