Employee Benefits Enrollment Guide · 2019. 8. 26. · Employee Benefits Enrollment Guide 600 INDUSTRIAL PARK RD. ST. ALBANS, VT 05478 Partnership Pioneering the Possible At Superior

Employee Benefits Enrollment Guide

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Partnership Pioneering the Possible

At Superior Technical Ceramics (STC) we are committed to advancing all employees as problem solvers in a supportive, safe learning environment, in order to ignite the future of our employees, to develop a competitive edge and to increase value for our customers. Here’s a brief summary of the benefits we provide to our employees.

2 | Benefits Enrollment Guide

Medical BenefitsSuperior Technical Ceramics Corporation offers a medical plan administered by CIGNA Group. The Medical Plan features a deductible, office visit copayment, prescription drug coverage and coinsurance for certain services.

Through these plans you have access to thousands of network physicians and hospitals in the United States. You, the employee, and your dependents are responsible for ensuring the providers that you utilize are In Network. To access a listing of providers, logon to the CIGNA Group website. www.mycigna.com

IN-NETWORK OUT-OF-NETWORK

Coinsurance 20% unless otherwise noted below 40% unless otherwise noted below

Physicians Office Visit

Specialists Office Visit

Preventive Care Services

Diagnostic X-Ray & Laboratory

$25 Deductible & Coinsurance

$45 Deductible & Coinsurance

Covered in Full Deductible & Coinsurance

No charge after initial co-pay for office visit, No charge at an outpatient facility

Deductible & Coinsurance

Hospitalization

Inpatient

Outpatient

Deductible & Coinsurance$1,000 per admission deductible

then 40%

Deductible & Coinsurance Deductible & Coinsurance

Emergency Room $200 $200

Urgent Care $45 Deductible & Coinsurance

Prescription Drugs (Retail) *Member pays 100% up-front, then

50% reimbursement after

Generic

Preferred Brand

Non-Preferred Brand

Maximum Day Supply

$10 $10

$25 $25

$50 $50

30 days* 30 days

*If you choose to fill a 90-day prescription, it must be filled at a 90-day network retail pharmacy or Cigna Home Delivery to be covered by the plan.

Prescription Drugs (Mail Order) *

Generic

Preferred Brand

Non-Preferred Brand

Maximum Day Supply

$20 Not Covered

$50 Not Covered

$100 Not Covered

90 days / Specialty 30 days at retail copays Not Covered

*Using Advantage Drug list. Note: Some Rx may require Prior Authorization.

IN-NETWORK OUT-OF-NETWORK

Annual Deductible $1,250 / $3,750 $2,000 / $6,000

Annual Out-of-Pocket Maximum(Includes your annual deductible, coinsurnace, and copays)

$2,500 / $7,500 $5,000 / $15,000

Refer to the benefit summary or certificate of coverage for more information.

Benefits Enrollment Guide | 3

Dental BenefitsThe Superior Technical Ceramics Corporation’s Dental Plan is designed to provide the dental coverage you need with the features you want. Take advantage of what this plan has to offer without compromising what matters most - including the freedom to visit the dentist of you and your dependents choice — an “in-network” dentist or an “out-of-network” dentist.

For the best savings, use a CIGNA Group participating dentist or specialist. You can find a dentist by visiting CIGNA Group website, www.mycigna. You can also call CIGNA Group 1-866-494-2111. Just show your dental plan card when you visit the dentist. If you choose a dentist who does not participate in our dental plan, your out-of-pocket expenses may be more, since you will be responsible for paying any difference between the dentist’s fee and the plan’s payment for the approved service.

If Dental work is required, request a pretreatment estimate from your Dentist. Your Dentist will contact CIGNA Group, then you and your dentist can review your care and costs before treatment. It’s a great way to be prepared and plan ahead.

DENTAL PPO ALL EMPLOYEES IN-NETWORK OUT-OF-NETWORK

Preventive Care / Diagnostic 100% 100%

• Oral Examinations: Two per Calendar Year

• Sealants: Limited to posterior tooth. One treatment per tooth every three years up to age 14

• Bitewing x-rays: 2 per Calendar Year

Basic Restorative 80% 80%

• Full Mouth X-Rays: Full mouth: 1 per 36 consecutive months. Panorex: 1 per 36 consecutive months

• Endodontics - root canal

• General Anesthesia

• Oral surgery

• Periodontal scaling and root planning: Various limitations depending on the service

Major Restorative 50% 50%

• Relines, Rebases, and Adjustments: Covered if more than 6 months after installation

• Repairs - Bridges, Crowns, Dentures, and Inlays: Reviewed if more than once

• Crowns I Inlays I Onlays: 1 per 60 consecutive months

• Dentures and Bridges: 1 per 60 consecutive months

Orthodontia Not Covered Not Covered

Dependent children are covered to age 26; please see your Plan Description for complete details



Vision Benefits- Coverage starts first of the month after your waiting period

Our vision plan is administered by Vision Service Plan which offers a Preferred Provider Network for you to choose a vision care provider. To access a listing of providers (private practice and retail centers) logon to Vision Service Plan website.

The benefits are below. Look them over. If they seem fuzzy, it might be time to sign up and utilize them! www.vsp.com

VISION ALL EMPLOYEES IN-NETWORK OUT-OF-NETWORK

Co-pays

Materials $20 varies by item

Exam

Benefit

Frequency

$20 up to $50

Every calendar year Every calendar year

Lenses

Single Vision

Bifocal

Trifocal

Frequency

Included in prescription glasses up to $50




Frames

Benefit

Frequency

Included in prescription glasses -$130 allowance; $150 allowance for featured brands; 20% savings on the

amount over your allowance

up to $70

Every other calendar year Every other calendar year

Contact Lenses (instead of Lenses & Frames)

Medically Necessary

Frequency

up to $60 up to $105


Additional Plan Features

Glasses and Sunglasses:

• Extra $20 to spend on featured frame brands. Go to vsp.com/special offers for details.• 30% savings on additional glasses and sunglasses, including lens enhancements, from the same VSP provider on

the same day as your Well Vision Exam. Or get 20% from any VSP provider within 12 months of your last Well Vision Exam.

Laser Vision Correction:

• Average 15% off the regular price or 5% off the promotional price; discounts only available from contracted facilities



Income Protection Benefits- Coverage starts first of the month after 30 daysBasic Life and AD&D Insurance

Superior Technical Ceramics Corporation provides a Basic Life and AD&D benefit to eligible employees through CIGNA Group. The Life insurance benefit will be paid to your designated beneficiary in the event of death while covered under the plan. The AD&D benefit will be paid in the event of a loss of life or limb by accident while covered under the plan.

Disability Coverage

Disability insurance is designed to cover a portion of your salary when you are unable to work due to an accident or illness. The unexpected could happen at anytime. If you suddenly didn’t receive a paycheck, how would you pay your bills? It’s important to consider that sick and vacation time will only go so far.

The Short Term Disability Plan is offered at no cost to you. Please review the brief description below.

LIFE & AD&D CIGNA GROUP LIFE AND AD&D

Life (Employee)2 times annual compensation rounded to the next higher $1,000, OR maximum of $250,000. Providing you are still employed, benefits are

reduced to 50% at age 70, to 30% at age 75 and 20% at age 80.

AD&DIn the event of an accidental dismemberment, a benefit is

provided up to a scheduled amount corresponding to the loss. Please see your booklet for further details.

SHORT-TERM DISABILITY CIGNA GROUP STD

Benefit Waiting Period0 days Accident / 7 days Illness

Before collecting STD benefits, you must satisfy the benefit waiting period following your date of disability.

Weekly Benefit

66.67% of your weekly earningsIf disability benefits are payable to you under this policy, you may be

eligible for benefits from other income benefits. If so, we may reduce the disability benefits by the amount of such other income benefits. Please refer to your employee certificate for a complete list of what payments

qualify as other income benefits.Earnings include your basic weekly earnings in effect prior to your period of disability. It does not include amounts received as bonus,

commissions, overtime pay or other extra compensation.

Minimum Weekly Benefit N/A

Maximum Weekly Benefit N/A

Maximum Benefit Duration 26 Weeks



Additional Benefits for Eligible EmployeesThe following employee discounts are available to all employees from day one of employment:

Cellular Phone Service

Verizon 8% Employee Discount.Must call William Auch 802-238-6321 [email protected]

Combined Time Off (CTO)

Combined Time Off (CTO) is available to regular full time employees on a calendar year basis for the purpose of rest, relaxation and personal needs. CTO may be used for vacation, personal illness, illness of spouse or dependents, celebration of holidays that are not designated company holidays, children’s school events or other personal business. Please see your HR for more details.

2019 Paid Holidays

New Years Day: January 1st

Winter Break: February 25th

Memorial Day: May 27th

Independance Day: July 4th

Floating Holiday: July 5th

Labor Day: September 2nd

Thanksgiving: November 28th & 29th

Holiday: December 24th & 25th

401(k) Retirement

The Company has a 401K savings plan administered by John Hancock, operated and funded solely through employee contributions. Employees are eligible the first of the quarter following 6 months of employment, and will be notified of their eligibility by Human Resources. Participants can cease making contributions to the Plan at any time, but must wait until the beginning of each quarter to resume or change contributions. Participants are fully vested in their contributions to the Plan. Refer to the Summary Plan Document for more detailed information.

Auto Deferral Feature

All newly eligible employees will automatically have 3% withheld from paychecks and a default John Hancock account will be setup for them. Employees can opt out of this feature by completing a John Hancock Employee Change Request form and handing it in to Human Resources.

Profit-Sharing

Pension Plan

The Company has a fully funded, vested profit sharing plan in which employees participate after completing 1000 hours of service during the twelve (12) consecutive months preceding the enrollment dates of June 30 or December 31. Participants are subject to a six (6) year vesting schedule. The Summary Plan Description document is available in Human Resources for review.

Staff Development Benefit

In addition to any training or development activities employees may be required to attend as part of their regular job duties or responsibilities, all employees are encouraged to take advantage of educational opportunities that will enable them to improve their job skills. The Company’s educational assistance program provides financial support to employees who wish to improve their work-related skills and who have been employed for a minimum of one (1) year. Courses must be preapproved and job skill and undergraduate degree related. The Company will approve an employee to participate in one (1) course per semester. The annual per employee contribution cannot exceed $5,250 per year. All educational activities must be approved by your manager and Human Resources.


Employee Payroll Contributions- Effective January 1st, 2019For your reference, we have listed your employee contributions for our benefit plans listed below:

EMPLOYEEEMPLOYEE &

SPOUSEEMPLOYEE & CHILD(REN)

EMPLOYEE & SPOUSE

& CHILD(REN) (FAMILY)

Medical without Wellness Incentive

Employee Cost Monthly $106.08 $222.77 $201.56 $318.25

Employee Cost Per Paycheck $48.96 $102.82 $93.03 $146.88

Medical with 50% Wellness incentive



Dental

Employee Cost Monthly $0 $0 $0 $0

Employee Cost Per Paycheck $0 $0 $0 $0

Voluntary Vision



Life / AD&D



Short Term Disability



For domestic partners that do not qualify as dependents under Section 152 of the Internal Revenue Code, premium associated with domestic partner coverage will be paid by the employee with after-tax dollars and the fair market value of any employer contributions made on behalf of your domestic partner will be imputed as income to the employee. Unless otherwise requested, premiums will automatically be deducted on a pre-tax basis.

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With Great Pay & Benefits

It’s only fair that we robustly support those who have such profound impacts on our nation and the world. Benefits include dental, vision, health, income protection, and more.

In an Expanding Tech Industry

The fact is, we have been expanding for over 120 years, and there’s no sign of stopping. With today’s focus on STEM initiatives and local sourcing, we’re poised to grow.

Building a Better FutureEngineering. Partnership. Solutions.

From space exploration to resource acquisition to our nation’s defense, we’re on the front lines of how things improve.

We specialize in providing highly technical, custom solutions for some of the nation’s most advanced technology firms. We are able to offer our customers deep expertise in the specific material properties of given ceramic materials, and matching them to specific applications.

Contact: Erica J Hubbard

Director of Human [email protected](802) -527-5864

Revised on 8/26/19

Documents

Employee Benefits Enrollment Guide · 2019. 8. 26. · Employee Benefits Enrollment Guide 600 INDUSTRIAL PARK RD. ST. ALBANS, VT 05478 Partnership Pioneering the Possible At Superior