Eckerd recognizes that benefits are an important part of a total compensation package and, because of this, we give our employees the opportunity to make selections that best meet their benefit needs. We are striving to provide benefit choices that allow employees to custom tailor their benefits.
Eligibility
Regular full-time employees who work at least 30 hours per week are eligible for both mandatory and benefit choice coverage. Spouses and dependent children of eligible full-time employees are also eligible for health, dependent life insurance, dental, vision, cancer, and specific disease benefit plans.
All benefit coverages are in effect for both employees and their dependents (if coverage was elected) effective the 61st day of employment.
Pretax Advantage
An added advantage of the Benefit program is that premium payments you contribute for both health insurance and dental insurance are automatically paid on a pretax basis. When you pay for your benefits with pretax dollars, you are actually reducing your taxable income.
Mandatory Coverage
Mandatory coverage is considered your basic level of insurance protection.
Mandatory coverage provided by Eckerd at no cost to employees:
- Basic Life Insurance - One times your base annual earnings increased to the next 10,000
- Accidental Death and Dismemberment Insurance (AD&D) – One times your base annual earnings increased to the next 10,000
- Short-term Disability Insurance - 60% of your base weekly earnings to a max of $1,900 per week
- Business Travel Accident Insurance – up to $100,000
Mandatory coverage that requires an employee contribution is:
- Enhanced Long-term Disability Insurance - 60% of base monthly earnings to a max of $8,000 per month paid by employee
- Elective Benefits Coverage-Benefit choices are additional benefit options for which you may be required to pay part or all of the cost for the options you select. These include:
- Health Insurance (required for employees)
- Supplemental Life Insurance and AD&D
- Dependent Life Insurance
- Dental Insurance
- Vision Benefits
- Cancer Benefits
- Legal Plan
- Specific Disease Insurance
- Flexible Spending Accounts
Health Insurance Plan Options
You will be eligible to enroll yourself and eligible dependents in a health insurance plan. Eckerd may offer a Health Maintenance Organization (HMO), Preferred Provider Plan (PPO), or a Point of Service (POS) plan. Depending on your geographic location, you may have up to two of these options from which to choose. Eckerd pays a significant portion of premium costs for your health plan. If you elect dependent health coverage, Eckerd also pays a portion of that premium. All employees are required to maintain health insurance coverage for themselves. If health insurance is not elected through Eckerd, proof of coverage must be provided.
Dental Insurance
Dental protection is an important part of a complete health benefits program. Eckerd provides all employees the opportunity to elect dental coverage through Eckerd’s own Indemnity Dental Plan. Employees residing in Florida have a second option to elect dental insurance through a Prepaid Dental Plan.
Vision Insurance
Eckerd offers a voluntary vision care plan that can save you money on your vision care expenses. It provides members access to a national network of eye care physicians and optical retailers.
Life Insurance and AD&D Insurance
Eckerd provides, at no cost to you, one times your base annual earnings in life insurance, and one times your base annual earnings in Accidental Death and Dismemberment Insurance.
In addition to the core benefits provided by Eckerd above, you have the option to purchase supplemental life insurance for yourself and/or dependent coverage for your spouse and/or children. Additional details on this benefit can be found in the Summary Plan Description.
Disability Insurance
Eckerd provides short-term disability insurance to all employees at no cost. As part of mandatory benefits, employees purchase long-term coverage through after-tax payroll deductions.
Short-term disability paid by Eckerd provides 60% of your base weekly earnings to a maximum of $1,900 a week. This benefit will continue for up to 13 weeks after you are out of work for a period of 1 day for an accident and 7 days for an illness.
Long-term disability is paid by the employee with after-tax dollars and is considered a mandatory benefit. This benefit ensures that the employee will receive up to 60% of his/her base earnings to a maximum of $8,000 a month after 90 days of continuous disability.
Business Travel Insurance
Many employees are required to travel on behalf of Eckerd and as a supplement to basic life insurance, Business Travel Insurance is provided by Eckerd at no cost for all employees. Business Travel Insurance provides up to $100,000 in coverage if accidentally killed while traveling on company business and $1,000,000 maximum cumulative benefit per accident.
Critical Illness Insurance
Unum offers voluntary specified critical illness insurance to all eligible employees. This benefit can pay you a lump sum at the first diagnosis of a covered illness. Illnesses covered by the plan include: cancer, heart attack, stroke, bypass surgery, etc. Additional details on this benefit can be found in the Summary Plan Description.
Accident Insurance
Unum offers Accident Insurance to all eligible employees for covered accidents that occur on and off the job. The Accident Insurance covers a lump sum benefit based on the type of injury (or covered incident) you sustain, such as: broken bones, burns, torn ligaments, ruptured discs, etc.
Legal Coverage
ARAG offers legal protections to you and your family. Legal coverage benefits can be used to obtain the following free services:
Standard will preparations, power of attorney, criminal misdemeanor, real estate issues, consumer protection issues and debt collection.
Flexible Spending Accounts (FSAs)
The Flexible Spending Accounts (FSAs) allow you to set aside money through payroll deductions that can be used to reimburse you for qualified dependent care and health care expenses. Your eligible health care and/or dependent care expenses must equal or exceed the amount in your account(s) and be incurred during the calendar year.
- Health Care Account - This account provides a way to set aside pretax dollars to pay for eligible medical, dental, and vision care expenses not covered under other Eckerd benefits plans. You may also cover dependent health care expenses through the account, even if you choose single medical or dental coverage. You may contribute an annual maximum of $3,000 into this account.
- Dependent Care Account – This account provides a way to set aside pretax dollars to pay for dependent care expenses. This program allows reimbursement with pretax dollars for work-related dependent day (or night) care costs. You may contribute up to a maximum of $5,000 annually into this account.
Paid Time Off (PTO)
The Paid Time Off (PTO) program is designed primarily for your rest and relaxation. This program allows you to manage your own time away from work, whether it is used for sick, personal, or vacation time. Full-time employees begin to accrue PTO as of their date of hire. Full-time regular employees accrue 17 days per year.
Employee Assistance Program
Eckerd offers all employees access to Ceridian’s LifeWorks® program. This is an independent, confidential counseling and information resource available 24 hours a day 7 days a week to assist employees and their dependents in dealing with life’s challenges.
LifeWorks® can assist with counseling on issues pertaining to emotional problems, marital problems, substance abuse, troubled personal relationships and family difficulties. Additionally, this service can provide information and referral services relating to child care, finances, education, legal issues, and consumer problems.
Direct Deposit
Eckerd offers all employees the convenience of direct deposit and/or a pay card. Direct deposit is a safe, hassle-free way to get checks deposited and avoid standing in line at the bank.
Pension
Employees, after one year of service of at least 1000 hours, are enrolled in the Eckerd Pension Plan. Eckerd contributes 5% of your annual earnings each year.
Other Benefits
Other benefits for which you may be eligible include:
- Credit Union
- Family/Medical Leave
- Leave of Absence
- Military Reserve Training Leave/Pay
- Professional Education Training
- Social Security/Medicare Contributions
- Voluntary Tax Sheltered Annuity (VALIC)
- Unemployment Insurance
- Workers’ Compensation Insurance
A Human Resources representative or the Benefits Department can provide you with more information on these and other programs.
This information contains the highlights of the benefit options available through the Eckerd Benefit package. This is intended to be only an overview to assist you in understanding the options available to you. Not all plan provisions, limitations and exclusions are included here. In the event of any conflict between the information contained in this publication and the plan provisions, the plan documents’ summary plan descriptions and insurance contracts will govern. The Human Resources Department has all plan documents, summary plan descriptions and insurance contracts, which are available for your review. Speak with your recruiter for more information.
