BRIEF OUTLINE OF EMPLOYEE BENEFITS
ATC Health Care Associates (HCAs)
The benefits of becoming an ATC associate
The Benefits
The Opportunities
Medical Plan
The Company offers two types of medical plans, the Open Choice (PPO) Plan or the Traditional Choice Indemnity Plan through the Aetna Life Insurance Company. If an employee lives in an area where participating network providers are available, the employee will be assigned to the Open Choice (PPO) Plan. In cases where no participating network providers are available in the employee’s location, the Traditional Choice Indemnity Plan will be assigned. The medical insurance plans include a prescription drug plan and a vision discount program.
Dental Plan
The Company offers two choices of dental plans, the DMO Plan (Dental Maintenance Organization) or the PPO Plan (Preferred Provider Organization/Indemnity) through The Aetna Life Insurance Company. Employees and their eligible dependents have the freedom to switch plans, on a monthly basis, from the DMO Plan to the PPO Plan, and vice-versa.
Long Term Disability (LTD)
The long term disability plan is being provided at no cost to the employee.
After a 90 working day disability period, benefits are payable at 60% up to $5000.00 per month and generally end up to age 65.
Eligibility: All regular full-time and regular part-time employees, who average 30 hours or more per week for three (3) consecutive months are eligible for Medical, Dental and Long Term Disability benefits. The benefits are effective the first of the month following three consecutive months of employment. After satisfying the average workweek requirement, the HCA must continue to average 30 hours or more per week for every subsequent three (3) month period, in order to maintain continued eligibility. Should the HCA fail to satisfy this requirement, all benefits will cease. However, eligibility may be reinstated by completing a new three (3) consecutive month period
of averaging 30 hours or more per week.Flexible Spending Accounts (FSA’s)
The Health Care Reimbursement Account (HCRA) and the Dependent Care Reimbursement Account (DCRA) allow employees to use pre-tax dollars to pay for eligible out-of-pocket non-reimbursable health care and/or dependent care expenses throughout the year.
Eligibility: All regular full-time and regular part-time employees, who average 30 hours or more per week for three (3) consecutive months are eligible for the flexible spending account benefits. The benefits are effective the first of the month following three consecutive months of employment. After satisfying the average workweek requirement, the HCA must continue to average 30 hours or more per week for every subsequent three (3) month period, in order to maintain continued eligibility. Should the HCA fail to satisfy this requirement, the flexible spending account will cease. In this event, employees will not be permitted to participate again until January 1 of the following year, providing the eligibility requirements are re-established.
BRIEF OUTLINE OF EMPLOYEE BENEFITS
ATC Health Care Associates (HCAs)
Tuition Reimbursement Program
The Tuition Reimbursement Program will provide financial assistance to employees for courses taken at accredited educational institutions that are part of a formal education curriculum leading to a degree in business, management, or other major field of study directly related to the business of the Company. Financial assistance will also be provided to employees for courses, including adult education courses, which will improve their ability to perform the functions and responsibilities of their current position or a future position within the Company that the employee can reasonably expect to achieve.
The cost of tuition, registration fees, and related course fees, i.e., laboratory fees, for an
approved course or degree program course, will be reimbursed up to a maximum of two courses per term. Reimbursement will not exceed $1,000 per term and $2,000 per calendar year. For each course completed, employees will be reimbursed at 100% for a Grade C and higher, or a passing grade. Letter grades of D or F are not reimbursable.
No reimbursement will be allowed for books, supplies, equipment, parking fees, or any other incidental costs or fees.
All courses must be reviewed and recommended by the employee’s department management and approved by the Human Resources Department prior to the registration and commencement of such courses. The Company reserves the right to make the final determination as to the approval of courses and educational institutions based on several factors including, but not limited to, accreditation, course content, associated costs, etc.
Eligibility: All regular full-time and regular part-time HCA employees, who average 30 hours or more per week, are eligible to participate in the program. HCA employees must have completed six (6) consecutive months of employment as a regular full-time or regular part-time employee and averaged 30 hours or more during this six-month period. Employees may not request course approval and register for a course under this program until the eligibility
requirements are satisfied.
In order to receive tuition reimbursement, employees must be actively employed when a course is completed. In addition, at the time of course completion, HCA employees must maintain their regular full-time and regular part-time status and continue to average a minimum of 30 hours per week for a three-month period prior to a course’s completion.
BRIEF OUTLINE OF EMPLOYEE BENEFITS
ATC Health Care Associates (HCAs)
401 (K) Savings Program
Employees may elect to defer from 1% to 15% of their gross salary through convenient payroll deductions. The total employee contributions cannot exceed the maximum limits, as established by federal law. The money contributed is not subject to federal income taxes and, in most cases, state income taxes.
An attractive feature of the plan is the Company’s matching contributions to a portion of the employee’s savings contributions. The Company will match $0.10 for each $1.00 saved up to 6% of salary deferred. The Company matching contributions are subject to a vesting schedule based on years of service with the Company.
A variety of investment fund options are available to plan participants. The investment options range from conservative investment funds to higher risk investment funds.
Eligibility: Employees hired on or after January 1, 2002 must complete one year of service from their effective date of employment, and work at least 1000 hours. Employees hired prior
to January 1, 2002 are eligible to join the plan on the first day of the month following the completion of one month of service. Employees must be 21 years of age. .
Employee Stock Purchase Plan
The ATC Healthcare, Inc. Employee Stock Purchase Plan (the “Plan”) offers eligible employees the opportunity to voluntarily purchase ATC company stock (ATCHA) at a 10% discount, with no brokerage fees through payroll deductions. You may elect to have between 1% and 10% of your compensation (in whole percentages only) deducted from your weekly paycheck and applied to purchase ATCHA common stock. Enrollment periods are January 1, April 1, July 1 and October 1. Purchases will be made on the last trading day of each three-month period ending on March 31st, June 30th, September 30th, and December 31st of each year. The prices for shares purchased under the Plan will be equal to 90% of the fair market value of the shares at the beginning or the end of each quarterly period, whichever is lower. Thus, you receive a 10% discount off the purchase price of your shares under the Plan.
Eligibility: You must be employed by ATC Healthcare for one full year as of the beginning of an Enrollment period and must have worked 1,000 or more hours within
that year.
Note: The aforementioned provides a brief outline of the employee benefit programs offered to eligible employees. For additional information, the applicable “Summary Plan Descriptions”, provided by the company’s different carriers, or the “Summaries of Employee Benefit Plans” provided by ATC, should be referenced. Should a discrepancy occur between this brief outline or the “Summary Plan Descriptions and the Master Policies/Plan Documents, the Master Policies/Plan Documents will govern.
Dental Assistant
Medical Assistant
LPN RN
Front office
Nursing Assistant Pharmacists
Physical
Therapist
Medical biller, coder Recruiter
Current RN
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