Employee Benefit Plan Highlights
CBHC offers a comprehensive benefits program for full-time employees, including Medical, Dental, Life, Retirement Plan, Paid Holidays, and Leave Benefits, and an Employee Assistance Program. Additional supplemental insurance plans are offered including, but not limited to: Hospital Protection; Accident Indemnity, Sickness/Disability, Cancer and/or other Specified Diseases Indemnity, Life Insurance, Long Term Care through AFLAC or Allstate. Employees are eligible to enroll in the medical, dental, and supplemental health plans effective the first of the month following 90 days of full-time employment. Employees who enroll in the agency-offered benefits through payroll deduction have the option of electing pre-tax deductions, except for Disability or Life benefits. Qualifying events (under IRS guidelines) are required to change an employee’s coverage during the plan year.
Medical Insurance Plans:
CBHC offers full-time employees Blue Cross Blue Shield medical insurance. There are three plan options from which to choose. The plans do have in-network and out-of network provisions with co-pays and/or deductibles and co-insurance provisions. The High Deductible Health Plans feature higher deductibles but also the opportunity to enroll in a Health Savings Account. CBHC provides most of the cost of an employee’s medical insurance premium. However, employees pay most of the cost for dependent coverage.
Guardian Dental Insurance is offered to full-time employees: A Low Option or a High Option is offered.
Retirement Plans (VALIC):
There are two parts to an employee’s Retirement Plan at CBHC. CBHC has a VALIC Financial Advisor visit the work site on a regular basis to assist the employee with their retirement planning, administration of their accounts, and fund selections.
- CBHC 403(b) Plan: CBHC provides a 9% employer contribution to a VALIC retirement account for the employee – after one full year of employment service of 1,000 hours or more (not to exceed 80 paid hours in a pay period). Continued contributions are made by the agency on a bi-weekly basis. However, the employee must work at least 1,000 hours to be eligible for the CBHC contribution for each following year. Contributions do not come out of an employee’s pay. There is a three-year vesting period for the employee to be eligible for the CBHC contributions. At that time the employee can also define the fund for the CBHC contribution, obtain a loan if they qualify, and make withdrawals under plan and IRS criteria.
- Employee Voluntary 403(b) Plan: Employees may make voluntary pre-tax contributions to a 403(b) plan or after-tax contributions to a Roth IRA (immediately after hire). There is no waiting period! Money contributed to the employee voluntary account does belong to the employee; however, withdrawal is subject to plan definitions, fund definitions, and IRS regulations. The employee is always 100% vested in their own contributions; but it is subject to fund fluctuations.
Paid time off for full-time employees includes vacation accrual and sick leave credits per bi-weekly pay periods. Vacation leave accruals are based upon an employee’s years of service with CBHC. Sick leave can be used for personal or family related illness/injury, doctor appointments, or death in the immediate family.
CBHC observes the following ten holidays:
- New Year’s Day
- Martin Luther King Day
- President’s Day
- Memorial Day
- Independence Day
- Labor Day
- Day after Thanksgiving
- Christmas Eve Day
Training and Development Programs: CBHC is committed to the continued personal and professional development of our employees as a strategic investment. Our internal training and development programs focus on the professional, technical, business, and leadership skills necessary to support CBHC’s mission – and aligning that knowledge and skills with the development objectives of our employees.
CBHC reviews and approves reimbursement for CEU and other professional training outside of CBHC on an individual basis. CBHC pays for the cost of license renewal if the license is pertinent to the work the employee performs at CBHC. In addition, CBHC strives to bring training directly to the worksite so that more employees can have access to information and training on a regular basis.