Medical - A POS plan is provided. Both the employees and the Bank contribute toward the monthly premium. Full-time employees are eligible on the first of the month following their date of employment. Part-time employees are eligible the first of the month following 60 days of employment. Group medical benefits are provided through United HealthCare of Texas, Inc. The Certificate of Coverage describes the terms and conditions of the benefits provided under the group policy. If there is a discrepancy between the provisions of the Employer’s online or printed Certificate and the provisions of the Certificate provided by the Company, the provisions of the Company’s Certificate will prevail.
Dental - A PPO plan is provided. The Bank and employees pay a portion of the monthly premium. The plan includes coverage for preventive, basic, major dental work, and orthodontia (for adults and children). The level of coverage depends on the type of service provided. All full-time employees are eligible on the first day of the month following date of employment. All part-time employees are eligible on the first day of the month following 60 days of continuous employment.
Employees may elect to purchase vision insurance for themselves and their dependents. The plan includes coverage for eye exams, frames, eyeglass lenses (or contact lenses in lieu of eyeglasses), as well as discounts for refractive eye surgery. The employee pays 100% of the cost for this benefit.
Life & Accidental Death and Dismemberment Insurance
The Bank pays all premium costs. Full-time and part-time employees are eligible on the first day of employment. Coverage is at two times the annual salary rounded up to the next thousand dollars, up to a maximum of $500,000.
Long Term Disability Insurance
The Bank pays the premium costs. Full-time employees are eligible after six months of continuous employment. The plan provides partial income to disabled employees after 120 consecutive days of disability. The policy covers 66.67% of the basic monthly rate up to a maximum of $10,000 monthly. In addition, in the event of a catastrophic disability that results in the loss of two or more activities of daily living, the benefit percentage will increase to up to 100% of pre-disability earnings.
Supplemental Life - Employees may elect to purchase supplemental life insurance for themselves and/or their dependents at discounted group rates.
Long Term Care - The Bank offers a voluntary long term care policy to full-time and part-time employees, spouses, and other immediate family members. This insurance pays a monthly benefit when an insured is receiving care at home or in a facility when needing assistance with activities of daily living (i.e., bathing, dressing, eating, etc.). Employees pay 100% of the premium.
Short-Term Disability - This voluntary benefit provides valuable protection in the event you are unable to work due to a disability caused by accident or sickness.
Other Health Benefits
Cafeteria Plan/Flexible Spending Account (FSA) - Employees can elect to pay their insurance premiums on a pre-tax basis, thereby reducing their taxable income. They can also establish a healthcare or dependent care FSA to pay for eligible out-of-pocket expenses on a pre-tax basis. Monies diverted into the reimbursement account program are not taxable for federal income tax or Social Security/FICA. Full-time employees qualify on the first of the month following date of hire for healthcare reimbursement, and on the first of the month following 30 days of active service for dependent care reimbursement. Part-time employees qualify on the first of the month following sixty (60) days of active service.
Employee Assistance Program (EAP) - The Bank has contracted with Deer Oaks EAP Services to offer professional, confidential counseling to employees and any family members residing in their household. Full-time and part-time employees and their family members may receive eight (8) one-hour counseling sessions per problem during the contract year (August 1 through July 31) at no cost.
Health and Wellness Events – The Bank provides year-round health and wellness events for all employees through our HealthSmart Employee Wellness Program. These include free flu shots, screenings (blood pressure, glucose, cholesterol, BMI, etc.), health fair, wellness monthly newsletter, on-line health assessments, and other wellness events in which employees and family members are invited to participate.