Summary of Employee Benefits
All employee benefits and additional information disclosed in this summary are subject to change without notice. Currently, the following are available to Primaris employees:
Primaris offers two options of healthcare plans to regular full-time employees (30+ hours/week) that have been designed to encourage preventive care and to protect employees and their families against financial hardship in the event of serious illness or injury.
The options include a High-Deductible Health Savings Account (HSA) compatible plan or a Preferred Provider Organization (PPO) plan. Primaris pays 90 percent of employee premiums and 65 percent of family premiums.
Regular full-time employees (30+ hours/week) are eligible for medical coverage on the first of the month following a thirty-day waiting period.
Primaris provides prescription drug coverage for outpatient prescription drugs which are approved for use in the United States by the federal Food and Drug Administration and require a written prescription order from the employee’s physician.
Prescription drug coverage options vary based on the medical insurance plan chosen by the employee.
Regular full-time employees (30+ hours/week) are eligible for prescription coverage on the first of the month following a thirty-day waiting period.
Primaris provides preventive, basic, and major dental coverage for regular full-time employees (30+ hours/week). The latter two have a $50 deductible per year. Preventative pays 100 percent of covered charges. Basic pays 90 percent of covered charges over the deductible. Major pays 60 percent of covered charges over the deductible.
Primaris pays 85 percent of employee premiums and 60 percent of family premiums.
Regular full-time employees (30+ hours/week) are eligible for dental coverage on the first of the month following a thirty-day waiting period.
Primaris provides term life insurance as follows:
- Two times annual salary to a maximum of $300,000 (or double for accidental death) for regular, full-time employees in entry-level through manager-level positions
- Three times annual salary to a maximum of $300,000 (or double for accidental death) for regular, full-time employees in director-level through chief-level positions
- $5,000 for spouse, and
- $5,000 for dependent child age 14 days to 22 years (24 years if full-time student).
Primaris pays 100 percent of premium. Regular, full-time employees (30+ hours per week) are eligible for life insurance coverage on the first of the month following a thirty-day waiting period.
Additional life insurance can be purchased for the employee and/or dependents through payroll deduction. Additional coverage is offered, without evidence of insurability, for the employee and/or his or her dependents only during the first thirty days of employment.
Primaris provides short-term disability benefits to eligible employees in the amount of 60 percent of an employee’s insured earnings (rounded to the nearest dollar). Primaris pays 100 percent of premium. Benefits begin on the 15th day due to accident or sickness and can last up to 11 weeks.
Primaris provides long-term disability benefits to eligible employees in the amount of 60 percent of an employee’s insured earnings (rounded to the nearest dollar). Primaris pays 100 percent of premium.
Regular full time employees (30+ hours/week) are eligible for disability coverage on the first of the month following a thirty-day waiting period.
Paid Time Off
Paid Time Off (PTO) combines vacation and sick leave benefits into one category of time off with pay. PTO days may be used for illness, vacation, family emergencies, preventive health, dental care, or personal business.
Employees begin earning PTO* from the first day of employment at the rate of 5.77 hours for each 2-week pay period worked. PTO hours will be prorated for the pay period in which the employee begins, based on the start date; the pay period in which the employee terminates, based on the ending date; and in any pay period in which leave without pay occurs. *Primaris Foundation staff (the nonprofit side of Primaris Holdings) does not accrue PTO and their leave is determined by their supervisor.
Employees can start using PTO as soon as the first six months of employment are completed. During the first six months of employment, PTO can be used for an illness or family emergency if enough hours are accrued. PTO may be accumulated up to 400 hours. If PTO accrual goes beyond 400 hours, at the end of the calendar year, the employee will be paid for the hours in excess of 400 hours at one-half of his or her current salary rate.
Paid holidays are prescheduled at the beginning of the calendar year. A schedule of approved holidays will be provided to each employee. Currently, Primaris grants the following paid holidays to regular full-time employees:
- New Year’s Day
- Martin Luther King Day
- President’s Day
- Memorial Day
- Independence Day
- Labor Day
- Veteran’s Day
- Thanksgiving Day
- Friday after Thanksgiving
- Christmas Day
Primaris provides a 401(k) Safe Harbor Plan for each employee. At the present time, Primaris contributes 5 percent of taxable wages to each employee’s account. Eligibility begins the first day of the month following six consecutive months of service with the organization. Employees are 100 percent vested on the date of eligibility. In addition to Primaris’ contribution, each employee has the option to defer up to one hundred percent of his/her salary to the 401(k) Safe Harbor Plan up to the total maximum allowed by IRS.
Long-term care insurance
Primaris Holdings, Inc. provides one unit of Long-term Care insurance to full-time employees at no cost. Employees have the option to purchase additional units or “buy up” levels of units at an additional premium. Long-term Care insurance provides the type of care one may need if they couldn’t independently perform the basic activities of daily living.
- Long-term Care Insurance
- Direct deposit to the bank of your choice
- Cafeteria Plan Enrollment (dependent premium, qualified medical expenses, and/or child care expenses being paid with before-tax dollars)
- Tuition Reimbursement of up to $2,000 per year for successful completion of a job-related course or educational program. An employee must have completed one year of service and be a regular full-time employee to be eligible. Supervisor and Human Resources must preapprove courses.