Health Savings Account
The Health Savings Account( HSA) is provided by HSA Bank. You may elect the HSA Account if you are enrolled in the Medical High Deductible Health Plan( HDHP). Your contribution maximum amount is based on your Medical Plan Tier Level. Your contribution is loaded onto your HSA Bank Mastercard as it is deducted from each paycheck and may be rolled from year-to-year.
Employee Only Tier Level- Maximum Plan Year Contribution: $ 3,225 * All Other Tier Levels- Maximum Plan Year Contribution: $ 6,412.50 * Age 55 Catch Up- Additional: $ 750
Expenses include but are not limited to: Expenses under your Medical, Dental, and Vision Plans, in addition to certain over-the-counter medications and products.
* Annual Amounts are adjusted to reflect nine( 9) month Plan year.
Life & AD & D
Life Insurance with Accidental Death & Dismemberment( AD & D)
Life Insurance and AD & D coverage are provided by Mutual of Omaha( MOO). The City covers you at two( 2) times your annual base salary, up to $ 300,000, under the Life Insurance policy and matches this amount under the AD & D policy. These benefits are employer paid. A coverage reduction schedule begins at age 70.
Voluntary Employee Life with AD & D
Voluntary Employee Life / AD & D Insurance is provided by Mutual of Omaha( MOO). This coverage is employee paid. Your cost is based on your age as of January 1 of each year and is calculated based on 5-year age brackets. You may elect coverage in $ 10,000 increments with a minimum of $ 20,000 and a maximum of eight( 8) times your annual base salary or $ 500,000( whichever is lesser). A coverage reduction schedule begins at age 70.
New Hires: The guaranteed issue amount is $ 250,000. If you elect more than $ 250,000, Evidence of Insurability( EOI) is required and subject to approval by the insurance company.
Voluntary Spouse Life with AD & D
Voluntary Spouse Life / AD & D Insurance is provided by Mutual of Omaha( MOO). If you purchase coverage on yourself, you may also purchase coverage for an eligible spouse. This coverage is employee paid. Your cost is based on your age as of January 1 of each year and is calculated based on 5-year age brackets. You may elect coverage in $ 5,000 increments with a minimum of $ 5,000 and a maximum of $ 150,000, not to exceed 100 % of your coverage. A coverage reduction schedule begins at age 70.
New Hires: The guaranteed issue amount is $ 50,000. If you elect more than $ 50,000, Evidence of Insurability( EOI) is required and subject to approval by the insurance company.
Voluntary Child Life with AD & D
Voluntary Child Life / AD & D Insurance is provided by Mutual of Omaha( MOO). If you purchase coverage on yourself, you may also purchase coverage for eligible child( ren). This coverage is employee paid. Your cost is $ 2.06 monthly for $ 10,000 in coverage, and this cost remains the same regardless of the number of children covered.