LYNX has three High Deductible Health Plan (in network only) medical options offered through Cigna with an optional Health Savings Account (HSA) through Bancorp. With these medical plans, preventive care is covered at 100% with no need to reach a deductible. Preventive medications like cholesterol lowering and blood pressure medications are also available at co-pay/coinsurance without regard to a deductible. However, for all non-preventive care, a deductible will apply. Prior to reaching a deductible, which varies depending on the health plan an employee chooses to enroll into, the employee will pay the full Cigna negotiated rate for all non-preventive covered medical and pharmacy benefits. After the deductible is met, the employee will pay 20% of the negotiated rate for these services. Each plan also has an out-of-pocket maximum (safety net) which varies depending on the health plan the employee chooses. Once the out-of-pocket maximum is met, all covered medical and pharmacy will be paid 100% by the plan for the rest of the calendar year.
To help employees pay for medical and pharmacy expenses, individually owned HSA’s can be set up by eligible employees through Bancorp. HSA’s reduce your taxes three ways:
- Money deposited can be tax-free
- You pay no tax on the interest you earn
- Withdrawals for eligible expenses are tax-free
For new employees, there is a 60-day waiting period.
There are three options for participation:
- DHMO Plan - This is a plan where an employee selects a dentist from a network. The employee must go to this dentist until they designate a new dentist with provider. Preventive services are covered at 100%. All other procedures are covered by specific co-pays. There is no annual maximum.
- Low PPO Plan - This is traditional coverage with a $50 deductible. Preventive services are covered at 100%. Basic services are covered at 70%, and major services are covered at 40%. There is a $1,000 maximum reimbursement per year, and orthodontia is limited to children, with a $1,000 lifetime maximum.
- High PPO Plan - This is traditional coverage with a $50 deductible. Preventive services are covered at 100%. Basic services are covered at 80%, and major services are covered at 50%. There is a $1500 maximum reimbursement per year, and orthodontia is limited to children, with a $1000 lifetime maximum.
For new employees, there is a 60-day waiting period.
The Vision Plan provides coverage for routine eye examinations every 12 months. It also provides for required corrective lenses every 12 months and frames every 24 months. There is a $5 co-payment for an examination plus a $15 co-payment for frames and/or lenses prescribed when listed providers are used. For new employees, there is a 60-day waiting period.
LYNX promotes health and encourages employees to focus on their lifestyle choices. In response to the increasing cost of delivering employee healthcare benefits and the overwhelming evidence that tobacco use is a leading cause of serious illness, LYNX has instituted a tobacco user surcharge of $25 per pay period. The surcharge is applicable only to employees enrolled in LYNX’ medical plan.
Medical Flexible Spending Account
This is a pre-tax account for employees to set aside a portion of their earnings to pay for qualified out-of-pocket medical expenses. Participation is voluntary and open to employees who opt out of LYNX’ medical plan.
Disability coverage is provided at 60% of the employee’s salary, up to a maximum of $10,000 a month. This coverage is provided at no cost to the employee and benefits are available after 180 days.
Employee Short-Term Disability
Employees have the option of paying for a Short Term Disability (STD) plan. As with the LTD, the STD Plan will pay employees an amount up to 60% of their pre-disability salary to a monthly maximum of $10,000 up to 6 months. LYNX has five Short-Term Disability Plan options for employees to choose from: A 120 day waiting period; a 90 day waiting period; a 60 day waiting period; a 30 day waiting period; and a 15 day waiting period. Benefits are available after the waiting period has been met and all available leave balances are exhausted.
Employee Life Insurance
Life insurance is provided at the rate of 100% of an employee's annual salary; accidental death and dismemberment coverage is two times the employee's life insurance amount. The entire premium is paid in full by LYNX. An employee may purchase additional life insurance coverage up to five times the annual salary in increments of $10,000. There is a $500,000 limit on the total value of life insurance (basic and additional life insurance combined).
Dependent Life Insurance
Optional spouse life insurance may be purchased in $10,000 increments, not to exceed 50% of employee's total life insurance. Optional child dependent life insurance coverage may be purchased in amounts of $5,000 or $10,000, not to exceed 50% of employee's life insurance.
Administrative employees participate in a Defined-Contribution Plan called a Money Purchase Plan. Bargaining Unit employees hired before 3/1/2014 participate in a Defined-Benefit Pension Plan. Bargaining Unit employees hired after 3/1/2014 participate in a Defined-Contribution Plan called a Money Purchase Plan.
Deferred Compensation Plan
Deferred Compensation is an optional benefit provided by LYNX to assist employees with an additional retirement savings plan. This is an employee-funded retirement plan. No federal income tax is paid on the salary deferred, or any of the investment earnings until it is drawn out at retirement. There are tax implications for an early withdrawal.
Administrative employees receive eight (8) paid holidays per year. Bargaining Unit employees receive seven (7) paid holidays per year.
Administrative employees receive two (2) paid personal days per year. Bargaining Unit employees receive three (3) paid personal days per year.
LYNX provides full-time administrative employees with paid vacation based on their years of service. The accrual rate is per administrative policy. Part-time administrative employees working at least 20 hours per week (1,040 hours per year) earn vacation on a pro-rata basis.
Bargaining unit employees earn vacation as outlined in their collective bargaining agreement.
Employees may receive up to three (3) days of leave due to the death of a covered family member.
Employee Assistance Program
LYNX provides a prepaid professional counseling service to employees to help them with personal problems that may be affecting work performance. Employees and their immediate family members may use this benefit. This service helps employees and their families deal with issues such as personal/family matters, financial debt counseling, substance abuse, etc. Any assistance received is completely confidential.
LYNX employees are eligible to join the Fairwinds or Orlando Federal Credit Union.
LYNX’ Wellness Center is located at the LYNX Operations Center and is accessible for all employees. The Wellness Center contains exercise equipment and video viewing equipment for cardio workouts.