SBL Total Benefits Package
One of the most important things we can do as your employer is connect with you, professionally, and as importantly, personally. We know it is imperative to your wellbeing and that of your family’s that you have access to meaningful benefits to help keep you healthy and financially secure.
Within this document you find a high-level summary of our flexible benefits package that allows you to choose plans that best fit your needs and those of your eligible dependents.
Health and Welfare Benefits
Eligible employees must be regularly scheduled to work a minimum of 20 hours per week.
Medical and Prescription Drug Coverage
Two medical plans, PPO (with FSA), and HDHP (with HSA) are available for you and your eligible dependents.
Dental Benefits
Benefits offered for preventative care and diagnostic services for both basic and major services. Orthodontia coverage (including Invisalign) available.
Vision Benefits
Vision plan provides up to $250 per calendar year for eye exams and/or glasses or contact lenses.
Flexible Spending Accounts
If you choose the Traditional PPO plan, you can contribute pre-tax dollars to cover out-of-pocket medical, dental, or vision expenses. The full amount is available on January 1st and must be used by December 31st of the calendar year. FSA funds are ‘use-it-or-lose-it’, but you can carry over the IRS limit at the end of each year.
Health Savings Accounts
If you choose the High Deductible Health Plan, SBL contributes to the plan and you may also contribute pre-tax funds to help reach IRS limit. You maintain your HSA plan balance, even if you are no longer employed with SBL.
Provided Benefits
Basic Life
SBL provides full-time employees term life insurance at no cost. The coverage is two times your annual salary, up to $250,000.
Accidental Death & Dismemberment Insurance (AD&D)
Full-time employees are provided accidental death and dismemberment coverage equal to two times their base salary, with a maximum benefit of $250,000.
Long-Term Disability
Sarah Bush Lincoln provides full-time employees Long-Term Disability (LTD) coverage at no cost. The LTD plan provides a monthly benefit of up to 60% of your base salary, after 90 days of disability.
Voluntary Benefits
Accident
Accident Insurance from Reliance Standard helps cover out-of-pocket costs for accidents. It provides benefits for ambulance, ER visits, doctor appointments, fractures, burns, surgery, medical equipment, and more.
Voluntary Term Life Insurance
Employees can choose up to $250,000 in Voluntary Term Life Insurance for yourself and your eligible dependents. Rates depend on age and income. You can get up to $250,000, for yourself, and $30,000 in coverage for your spouse.
Accidental Death & Dismemberment Insurance (AD&D)
The Plan also allows you to purchase additional Voluntary Accidental Death and Dismemberment (AD&D) Insurance for yourself and your eligible dependents.
Short-Term Disability
Short-Term Disability (STD) coverage is available to protect your income. The STD plan provides weekly payments of up to 60% of your base salary. You can choose between two coverage options for added flexibility.
• Coverage beginning after 14 days of disability
• Coverage beginning after 30 days of disability
Critical Illness
Critical Illness Insurance through Reliance Standard helps protect your family and assets during tough times. If you or a covered loved one is diagnosed with conditions like cancer, heart attack, or stroke, the policy provides a lump-sum cash benefit.
Hospital Indemnity
Hospital Indemnity Insurance through Reliance Standard helps protect your finances by paying a daily benefit for each day you’re confined to the hospital, along with a lump-sum admission benefit.
The plan pays benefits directly to you, in addition to your medical plan, giving you flexibility to use the funds as needed. You can cover out-of-pocket hospital expenses or other costs, like groceries or childcare.
Work/Life Balance
Time Off Paid (TOP)
The TOP program provides paid time off for vacations, illness, and holidays. Full-time and part-time employees earn TOP time based on their length of service.
TOP hours begin accruing immediately upon hire.
Reserve Sick
The Reserve Sick account provides protection from pay losses due to your own hospitalization, long-term serious medical problems, outpatient surgery, oral surgery, invasive procedures, and procedures requiring sedation and open or closed reduction of fractures.
Tuition Assistance
As a full-time or part-time employee, after completing your trial period, you can receive up to $4,000 tuition reimbursement for approved courses. Courses must be from an accredited institution and related to your job or career path.
Adoption Assistance
Adoption assistance is available to employees who have been with the company for 12 months in a benefit-eligible status. Full-time employees can receive up to $5,000 in reimbursement, and part-time employees up to $3,000.
Student Debt Program
SBL will provide eligible employees with a monthly company funded payment to qualified higher education student loans to help reduce student loan debt.
Wellness Benefits
Wellness & Health Plan Rewards
Employees who participate in our Wellness Program and are enrolled in one of our health plans receive up to $300 loaded onto a Health Reimbursement Account (HRA).
Funds contributed to the HRA will be loaded to the Benny Card. These funds may be used to pay for out-of-pocket expenses related to health, dental or vision care.
Participation in the SBL Wellness Program may also qualify you for a 20% discount on the health plan premium, if you are nicotine free or participate in our free nicotine cessation course.
Employee Assistance Program (EAP)
The Sarah Bush Lincoln EAP staff, consisting of behavioral health professionals, can assist with various issues. SBL covers the cost of EAP services as a benefit for employees and their families, providing each person with up to 10 hours of service per year. EAP services extend to your family members living in the same household as you.
ComPsych
ComPsych Guidance Resources benefit offers 24/7 support for you and your dependents, providing confidential counseling, legal assistance, financial resources, and personalized work-life help for all of life’s changes.
Additional Benefits
Retirement Benefit
SBL provides a 403(b) retirement plan. All employees may begin making contributions to the retirement plan from their date of hire. Participating employees become eligible for the employer match the first of the month following 30 days of employment and attaining age 18.
The SBL match is equal to 50 percent of your contribution, not to exceed 4 percent.
Gainsharing Program
Employees are rewarded with an incentive bonus when Sarah Bush Lincoln reaches established goals. Goals center around the overall financial performance, patient experience, and employee retention – in achievement of our strategic priorities. The annual maximum payout is $1,500. Eligibility criteria includes hire date, hours worked, and active employment at time of payout.
Employee Referral Program
SBL offers a referral bonus program. Current employees can earn a $100 reward for referring a friend who is hired. It’s a great opportunity to share the benefits of working at SBL with others and receive a bonus when your referral is successful!
PerkSpot
SBL is excited to offer PerkSpot, a convenient platform for exclusive discounts at many national and local merchants. PerkSpot is free to use and works on desktops, tablets, and phones.