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Benefits Summary

Effective Until 6/30/2007

The following benefits are offered to all full time (30 hours a week or more) employees of Concurrent Computer Corporation. All benefits that require a partial premium paid for by the employee are payroll deducted on a biweekly basis. The premium payments below are the monthly costs. Employees are eligible on the day of hire.

Type of Benefit Paid for By Coverage/Cost
Cigna Health Care Plan Partial premium paid for by Employee and Company pays the rest. Employee Costs are:  
HMO

Employee only: $65.00/month
Family only: $285.00/month
No Deductible
$20.00 co-pay per visit
$30.00 co-pay per visit specialist
$15 / $30 / $45 Rx
$100.00 co-pay for ER
Vision included
POS







Non-Par Provider
Employee only: $78.00/month
Family: $310.00/month






$300 / $600 deductible-only
applicable for major medical
100-90% Co-insurance rate
$25.00 co-pay per visit
$35.00 co-pay per visit specialist
$15 / $30 / $45 Rx
$100.00 co-pay for ER
Vision included

$600.00 employee deductible
$1200.00 family deductible
70% Co-insurance rate
PPO
As of 7/1/05, the PPO will only be offered as a new election to employees living outside the Cigna network.


Non-Par Provider
Employee only: $65.00/month
Family: $250.00/month





$300 / $600 deductible
90% Co-insurance rate
$20.00 co-pay per visit
$30.00 co-pay per visit specialist
$15 / $30 / $45 Rx
$100.00 co-pay for ER
Vision included

$600.00 employee deductible
$1200.00 family deductible
70% Co-insurance rate
HRA





Non-Par Provider
Employee only: $50.00/month
Family only: $250.00/month




Emp Health Fund $750emp/$750ccur
Fam Health Fund $1500emp/$1500ccur
$1500/$3000 Deductible
90% Co-insurance
No Charge for Preventative Services*
Pharmacy contributes to deductible

$3000.00 employee deductible
$6000.00 family deductible
70% Co-insurance rate
Metlife Dental Plan

PDP
Employee only: $7.00/month
Family: $21.00/month
$50.00 Annual Ded. Individual
$150.00 Annual Ded. Family
Preventive Services 100%
Basic Services 80%
Major Services 50%
Orthodontia Services 50%
$1500.00 yearly benefit
Basic Life Insurance Company paid 1.5 x basic annual salary for employee
Supplemental Life Insurance Minimum premium paid by employee is determined by age and salary. Available at 1 x to 5 x annual salary.
May require proof of insurability.
Basic Accidental Death and Dismemberment Company paid 1.5 x basic annual salary for employee
Supplemental AD&D Premium determined by amount of coverage Available for employee at 1 x to 5 x annual salary.
Spouse/AD&D Paid by employee at 4 cents ($0.04) per $1,000. For spouse – coverage amount is $5,000.
Short Term Disability Company paid 75% of weekly base salary from 1st thru 13th week.
65% of weekly base salary from 14th thru 26th week – Maximums apply.
Supplemental Long Term Disability Insurance Premium determined by salary and degree of coverage. 60% of base salary or 66-2/3% available.
Dependent Life Insurance Premium paid by employee Covers spouse and/or dependent children. Three options to choose from.
AFLAC Insurance
Cancer Insurance
Accident Insurance
Personal Recovery Insurance
Hospital Protection Plan
Paid by Employee:
Employee or Family coverage varies by choice
Pays cash directly to employee for various procedures associated with plans.
Reimbursement Account Employee paid Medical is $4,000 per year max
Dependent is $5,000 per year max
401K Retirement Plan Employee can contribute 1% to 19% (pre-tax or after tax dollars). Company matches 50% of 1st 5% of contributions.
Vacation Company paid 1 – 4 yrs = 10 days.
5 – 14 yrs = 15 days.
15 – 24 yrs = 20 days.
Holidays Company paid 10 holidays per year.
Sick Company paid Exempt: 120 hrs @ start of each fiscal year. Non-Exempt: accrue 3.08 hrs per pay period (80 hrs/yr can be rolled over to max of 120 hrs.)
Education Reimbursement Company paid Reimbursed tuition and lab fees of 75% for undergraduate – 100% for graduate - $3,000 max per year.

NOTE: The information above is summary of information contained in other written procedures / contracts. If there is any conflict between the language in the summary and such procedures / contracts, the latter will control.

*Subject to preventative care dollar maximum.



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