Protecting your wealth and planning for your future is critical to peace of mind. Premier provides multiple solutions to support your finances. From life and disability insurance to a 401(k) plan and tax-free spending accounts to pay for out-of-pocket medical and commuter transportation costs, we've got you covered.
Life Insurance (Basic and Voluntary)
Basic Life Insurance (Employer Paid)
Premier Employer Paid Life plan, offered through Anthem, provides you with security and peace of mind by knowing that you will be protected in case of disability and your family will be provided a financial cushion in the event of your death. Premier pays 100% of the premium.
Voluntary Life Insurance (Employee Paid)
You have the option to supplement your basic life insurance with Voluntary Term Life Insurance.
Coverage is available in increments of $10,000 up to $500,000 max. You can add coverage for your spouse in increments of $5,000 up to a maximum of $250,000.
Disability Insurance (Short and Long Term)
Short Term Disability
You can feel confident knowing that if you experience an illness or injury that prevents you from working, you may receive benefits to help you replace lost income.
The maximum benefit period is 12 weeks, during which time you can receive 60% of your weekly earnings to a maximum weekly benefit of $2,500.
Long Term Disability
If you face a serious disability that prevents you from working over a long period of time, Long Term Disability provides income to cover your finances.
The maximum benefit period is to normal Social Social Security age, during which time you can receive 60% of your weekly earnings to a maximum monthly benefit of $10,800.
Premier provides eligible employees the opportunity to enroll in a 401K plan: America's Best 401K. The record keeper is LT Trust. Eligibility starts the first of the quarter following 90 days of employment. After one year of employment, Premier will match 10% up to a maximum of $1,950 per year.
Flexible Spending Account
Premier provides eligible employees the opportunity to enroll in a medical flexible spending account (FSA) plan, as well as a dependent care plan. Both of these plans offer employees tremendous opportunities to make pre-tax payroll withholdings to pay for qualified medical expenses and qualified dependent care expenses. $550 is eligible to roll over year to year.
Please Click Here for more information on these programs.
Health Reimbursement Account
Premier will enroll all employees who have elected the Anthem Elements Choice PPO 6500 medical plan into the HRA plan through BRI. Premier will contribute $3000 HRA funds towards the $6500 deductible to be used on Co-pay, RX, and medical expenses only. (Not to include dental/vision).
Eligible expenses under the Plan are defined by Internal Revenue Code Section 213(d) including over-the-counter medical expenses except for:
Medical insurance premium.
If expenses are eligible under both an HRA and Medical Flexible Spending Account (FSA) sponsored by your employer, your HRA funds will be used first until they are exhausted.
Please review the Plan Highlights for additional information.
Wellness, Commuting and Student Loan Repayment Program
Being able to bring one’s natural self to work every day requires our employees to prioritize their physical and mental wellness. We also understand that commuting expenses quickly add up and any extra support can help. Premier is very committed to supporting physical, mental and financial wellness in our employees and offers a $50/month reimbursement program for wellness and/or commuting related expenses so that employees are able to rejuvenate and recharge outside of work. All permanent, full-time employees of Premier are eligible for this benefit.
Alternative benefit choice: Student Loan Repayment Program
New! Student Loan Repayment Program (administered by Goodly): All employees have the opportunity to enroll in our new Student Loan Repayment Program. Anyone who chooses to enroll will receive $50 a month towards paying down their student loans. Premier Talent Partners will send the contribution to Goodly each month, who will then send it directly to your servicer. You should make your regular monthly payment to stay eligible for that month's contribution. Thanks to these contributions, you will save money on interest and cut time off your loan!
Commuter Benefits (Transit and Parking)
Premier is proud to offer a commuter benefits program to encourage employees to use public transit or vanpools. These benefits allow you to use pre-tax dollars to pay for public transportation to commute to work or to pay for parking at work. Benefits Resource, Inc. is the vendor.
Transit: 2020 IRS limit is $270 per month
Parking: 2020 IRS limit is $270 per month
Student Loan Cost Reduction: SoFi
SoFi is a modern finance company providing lending and wealth management services online. They evaluate applicants based on a holistic view of their financial well-being rather than a three-digit score. Whether you are looking to refinance your student loans, buy your dream home, or simply seek advice as you ascend in your career, SoFi provides products and tools to match your ambitions.
Convenience: Consolidate all your student loans into a single loan.
Flexibility: Choose from a variety of loan terms.
No Commitment: No-obligation rate quote
$300 Bonus: Receive a $300 welcome bonus.*
*You are eligible to receive the $300 welcome bonus only if you sign up and refinance through the button below.
Contact our benefits consultant, Sabrina Louie:
Disclaimer: This presentation is to provide a summary of Premier's employee benefits program. Should any discrepancy arise, please refer to actual plan documents that supersede this presentation. Once enrolled, you will receive a Combined Evidence of Coverage and Disclosure Form that explains the exclusions and limitations, as well as the full range of covered services of your plan, in detail.