Physicians Benefits

Presbyterian is known for its flexible and generous attention to employee benefits.  The following is a summary of the benefits currently available to full-time and part-time employees.

Medical Coverage

Presbyterian Offers Three Medical Plan Options

CoPay Plan - Has a higher premium taken out of your paycheck, but costs you less out-of-pocket when you use services.  This HMO plan provides in-network benefits.

Coinsurance Plan - Has a lower premium taken out of your paycheck, but will cost you more out-of-pocket each time you use services.  This plan provides in-network and out-of-network benefits.

High Deductible Health Plan - Has the lowest premiums taken out of your paycheck, but will cost you more out-of-pocket each time you use services.

Dental Coverage

Two dental plans are available.  Both are administered through Delta Dental and use Delta Dental's Advantage Plan network.

Standard Dental Plan

Provides coverage for preventive, restorative, basic, major and orthodontic services as well as for prescription drugs.

Calendar year deductible of $60 per participant.

Annual benefit maximum up to $1,500 per participant.

Lifetime $1,500 orthodontic benefit per participant.

Option Dental Plan

Provides coverage for preventive services and dental fillings only.

There are no deductibles or plan maximum.

Requires a two-year commitment.

Eye Med

This plan offers a network of vision providers who provide services at a lower cost.  If you are enrolled in the Eye Med plan and have exhausted your benefits, you may access additional care through the Eye Med secondary purchase discount plan.

Domestic Partners

Domestic Partner coverage is provided to those who meet the following criteria: two unmarried individuals in a long-term relationship (Minimum 12 months) with a mutual commitment of responsibility to each other's welfare and with shared financial responsibilities.

Healthcare Spending Accounts

Many of our employees have taken advantage of this pre-tax benefit.  You may set aside dollars from each paycheck to help pay for healthcare expenses.  Since allowable expenses are paid for with pre-tax dollars, it's like getting a discount of 24-30% on these expenses.

Dependent Daycare Spending Accounts

Dependent Daycare Spending Accounts help you pay for certain day care expenses for your children or other eligible dependents, with pre-tax dollars.  This only covers dependent day care that is provided while you work and while your spouse (if you're married) works or attends school full time.

Long-Term Disability

Presbyterian provides Long-Term Disability Insurance at no cost for benefit eligible employees.  This plan offers income protection if you are unable to work due to an extended illness or injury.  if you become totally disabled and unable to work for 90 days, the plan will pay you 60% of your pay - with a minimum benefit of $100 a month and a maximum of $7,500 a month.  Benefits may be reduced if you receive other sources of income or you return to work on light duty.

Short-Term Disability

Available after one year of employment at no cost to you.  After a one week waiting period, benefits are paid for up to 12 weeks at 80 percent of pay and at five years of service, up to 12 weeks at 90 percent of pay.  The disability period is determined by Presley-Reed guidelines based on diagnosis.

Life Insurance Coverage

Retirement-PHS

Presbyterian Healthcare Services (PHS) employees participate in a Defined Contribution Plan, the Shared Security Plan.  Under this plan, employees receive a contribution for each year they work 1,000 hours for PHS.  Employees can also contribute to a 403(b) plan with a matching provision.  Investment options range from aggressive to conservative plans.  Shared Security is available to you immediately upon employment.  Generally, matching contributions are made after one year (1,000 hours) of service, if other eligibility criteria are met.

Presbyterian also offers a 457(b) Deferred Compensation Plan. You can contribute any percentage of your salary (up to $16,500) and choose how contribution is allocated from a variety of funding options.

Individualized financial planning is available.

CME (FT)

Presbyterian encourages your continued professional and educational growth and provides up to $2,500 per calendar year for approved CME-related expenses and to maintain membership in professional organizations.  In addition, Presbyterian pays for NM Medical License (or renewal), DEA, CSR and Greater Albuquerque Medical Association (GAMA) Membership.

Other Great Benefits (FT)

Malpractice and General Liability Insurance
Domestic Partner Benefits

Know Your Numbers
Employee Assistance Program (EAP)

PLEASE NOTE:

This information is subject to change as situations warrant.  Policy changes may supersede, modify, or eliminate policies or plans summarized in this document.  This summary information does not constitute a contract or any part of a contract.  PHS reserves the right to change or cancel these plans and policies.

Pointage of .45 and above qualify for benefits. Pointage below .45 and PRN are eligible to participate in the 403(b) plan & 457(b) plan.