Beaver ToyotaEmployee Benefits Overview
Beaver Toyota offers a flexible and comprehensive package of benefits, along with valuable work and family programs. We are committed to making Beaver Toyota a great place to work and encourage our employees to closely review the benefits being offered. These programs can help employees maintain financial security as well as help to meet the everyday health needs. Our programs are designed to allow you to tailor a benefits package that best meets the unique needs of you and your family. Our current health plan year runs from September 1, 2020 through August 30, 2021. This year we are continuing our health coverage with Blue Cross Blue Shield of Florida. NetworkBlueSM is the Preferred Provider Network designated as “In-Network” for BlueOptions plans and all medical plans include a family Teladoc subscription. Our Dental and Vision coverage continues to be administered. We are also offering a suite of Income Protection Programs from USAble Life.
Our Health coverage plans are ACA compliant and meets or exceeds all of the ACA standards for essential benefits and affordability. If you don’t have ACA compliant health coverage, you may have to pay a federal tax penalty when your file your personal income taxes. We have provided the penalty estimator for your reference.
COBRA: COBRA provides you with the option to continue your health care coverage (Medical, Dental and/or Vision) in the Beaver Toyota employee plans after termination of your employment. Other health coverage options that may be available to you, including coverage through the Health Insurance Marketplace at www.HealthCare.gov CLICK HERE FOR MORE COBRA INFORMATION
Eligible Employees: All full-time (working a minimum of 30 hours per week) are eligible for benefits on the first of the month following the 60-day waiting period. It is imperative that eligible employees enroll prior to their effective date; otherwise, they may not be eligible to enroll until the next annual Benefits Enrollment Period.
Our Health Coverage offers a broad array of services, including hospital and physician services, prescription drugs and preventive benefits. All full-time employees are eligible to select health coverage. When you enroll in the medical plan you will also be provided with a $15,000 life insurance plan.
The Dental Plan is a PPO plan administered by Humana. Enrollment is automatic for employees who have elected dental coverage for themselves and their covered dependents. Utilizing a dentist in the Humana PPO network may provide a cost savings for you, as well as ease of claims filing. However, the plan allows you the freedom and flexibility to visit any dentist with the same benefit coverage.
Our Vision Plan is administered by Superior Vision. Enrollment is automatic for employees who have elected vision coverage for themselves and their covered dependents. Utilizing a provider in the vision network may provide a cost savings for you, as well as ease of claims filing.
Income Protection Programs
Nobody thinks it will happen to them, but one in eight workers will be unable to work due to an injury or sickness. There are a few ways to protect yourself against the financial implications of becoming too sick or injured to work and earn an income.
A good start to protecting your income is through an Accident/Disability income insurance policy. Such a policy typically covers up to 60% of pre-disability salary. Life Insurance and Critical Illness insurance plans can provide your family with financial security in the absence of your income.