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Partners Residents Benefits (attachment to contract issued to Partners residents) The following is a brief description of the Partners Residents Benefits program. To be eligible for benefits you must be regularly scheduled to work at least 87 hours per month at a standard hospital salary of at least $833.34 per month. Total Choice Total Choice is designed to give you the flexibility to customize a benefits program that meets your needs (and the needs of your family). Each year, you have the opportunity to change your coverage in response to new life events and you/your family’s changing needs. Partners provides core benefit coverage and also provides "Choice Pay", which you may allocate toward the purchase of those benefits which best address your current needs. The monthly amount of Choice Pay you receive changes annually; for 2006 is $202.00 You may use your Choice Pay to pay for benefit coverage, to accumulate savings for retirement, or you may elect to receive it as taxable compensation. It is your decision during each annual enrollment period how to allocate your Choice Pay for the next year. Medical Coverage You have a selection of six plans representing the full spectrum of healthcare program offerings, from fee-for-service to HMOs: Master Health Plus, Partners Plus, Partners Value, Harvard Pilgrim Health Care, Neighborhood Health Plan and Tufts Health Plan. You will receive an additional Medical Participation Choice Pay allocation (only if you elect medical coverage) toward the purchase of medical insurance, which varies depending on your level of coverage: employee only, employee plus spouse/same-sex partner, employee plus children or family. Please note that if you elect not to be insured by Partners you will be asked to show evidence that you are appropriately insured through another means. Prescription Drug Coverage If you enroll in a medical insurance plan you will automatically be enrolled for pharmacy coverage. The pharmacy benefit is provided through MedcoHealth TM and provides prescription drug coverage using a network of participating pharmacies or mail order service. Dental Coverage You may select from two Delta Dental plans: Major or Basic. You will receive an additional Dental Participation Choice Pay allocation (only if you elect dental insurance) toward the purchase of dental coverage, which varies depending on your level of coverage: employee only, employee plus spouse/same-sex partner, employee plus children or family. Vision Coverage Davis Vision provides coverage for basic vision services using a network of participating optometrists. A reduced level of benefit is available for out-of-network services. Long Term Disability You may elect a 60% or 80% pay continuation benefit. By enrolling for Long Term Disability coverage, if you become disabled you will receive monthly income and your medical, dental, vision and basic life insurance coverage will continue. The plan has loan repayment options, a portability provision and a feature that allows residents to protect against future earnings loss due to disability. Life Insurance and Accidental Death and Dismemberment (AD&D) You receive one times your pay in life insurance as part of your core benefit program. You may choose to purchase additional life insurance or AD&D insurance, to increase your level of coverage, or you may purchase coverage for your spouse/same-sex partner and/or dependent child(ren). Tax Saver Accounts You may establish reimbursement accounts for health care and/or dependent care expenses. These accounts are used to set aside pre-tax dollars to reimburse dependent care expenses and/or uninsured health care expenses. The annual maximum for the Health Care Account is $3000.00, and the maximum for the Dependent Care account is $5000.00 per family. (The IRS prohibits using reimbursement accounts to reimburse yourself for expenses incurred by domestic partners or their dependent children) Retirement A 403(b)Tax Sheltered Annuity (TSA) permits you to voluntarily save on a pre-tax basis through salary reduction for retirement with the following vendors: TIAA-CREF, Fidelity and Vanguard. Reviewed 02/09/2006
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