Columbus Regional offers one of the area’s most progressive and comprehensive benefit programs available in order to ensure our employees’ current and future financial security.
Following is a summary of our key benefits. Details of each benefit are available through the Human Resources Department.
Group Health Insurance
Columbus Regional offers three health plan options: the Columbus Regional Health Plan is our health maintenance organization (HMO), the PPO Plan, or the Consumer Driven Health Plan. This choice allows you the flexibility to select the benefits that are best suited to your healthcare needs. The plans feature comprehensive medical coverage for you and your family.
Group Dental Insurance
You may choose one of two options that allow you to receive the benefits best suited to your needs. You have a choice of either the Basic Plan option or the Premium Plan option, and you can choose dental coverage without electing a medical plan option,
or vice versa.
Health Care Spending Account (Flex Plan)
Columbus Regional offers both Health Care and Dependent Care Spending Accounts. Spending accounts provide a way for employees to pay for certain un-reimbursed healthcare and dependent care expenses with tax-free dollars.
Group Term Life and Accidental Death and Dismemberment
Columbus Regional provides company-paid basic term life and AD&D insurance in the amount of one and a half times the employee’s basic annual salary up to a maximum of $750,000. An employee may purchase up to 5 times the basic annual salary at reduced group rates to supplement the Basic Life provided by the company. Life insurance for dependents with coverage options of $1,500, $2,000, $5,000, $10,000 or $20,000 also is available.
We provide a company-paid LTD benefit plan with a 180-day elimination period. If you are permanently disabled, the plan pays up to 50 percent of your annual salary to a maximum of $5,000 per month until you reach age 65.
This is a voluntary plan that allows you to ensure a weekly income in case of an illness or accidental injury and to bridge the gap between paid time off (PTO), your extended illness bank (EIB) and long term disability.
Defined Contribution Retirement Plan
Columbus Regional will begin making contributions to a retirement account for you beginning the pay period after you have been employed for one year. The contribution is fully vested in the account after three years. This account is fully funded by Columbus Regional.
Retirement Savings Plan [403(b)]
Our 403(b) plan is a voluntary plan designed to help employees save for retirement. Employee contributions are made by payroll deduction on a before-tax basis. Columbus Regional will contribute $.25 for every $1.00 contributed by the employee up to 6 percent of their compensation. All contributions, both employee and employer, are immediately 100 percent vested.
Paid Time Off (PTO)
Eligible employees begin accruing Paid Time Off (PTO) from the date they are hired. The accrual rate is based on years of employment.
Extended Illness Bank (EIB)
In addition to PTO, new employees begin accruing 1.538 hours per pay period (5 days per year) in their extended illness bank from the time they become full-time employees. Extended Illness Bank time may be used beginning with the 41st hour of each single consecutive absence due to an employee’s personal illness. You must be employed a minimum of six (6) months.