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Employee Benefits at Rice
- PTO / PERA / Holidays
Rice Memorial Hospital is pleased to offer our benefit-eligible
employees a rich benefits package.
Rice benefits help cover many of those experiences that are essential to an employee's personal health and well-being: medical care, dental care, reimbursement accounts, life insurance, and long-term disability coverage.
Employees are eligible for benefits if they are scheduled to work 20 hours or more per week on a regular basis. Coverage begins on the first day of the month following a 30-day waiting period. Coverage is available for dependents under the medical, dental, and life insurance coverage plans.
Employees may also be able to reduce their taxes by paying for dependent medical and dependent dental premiums before income tax and social security taxes are withheld from paychecks. This decreases taxable income and therefore decreases taxes paid. Flexible spending accounts and deferred compensation plans are also allowed through pre-tax payroll deductions.
Rice offers each benefit-eligible employee a Rice Health Plan which is administered by Medica, as Third Party Administrator.
It covers physician services, hospitalization, laboratory charges, prescriptions, and other medical needs. Coverage is also available for spouses and dependent children.
The Rice Dental Plan is administered by Delta USA. It provides coverage for 100% of preventive care and a portion of expenses for other dental work. Coverage is also available for spouses and dependent children
The Rice Life Insurance Plan through Reliance Standard, provides basic term life insurance coverage equal to one times the employee's base annual salary to a maximum of $200,000. Additional coverage of up to $100,000 may be purchased through the supplemental plans. Coverage is also available for spouses and dependent children.
Long-Term Disability Insurance
Rice's Long Term Disability Plan will help to replace lost income if an injury or illness prevents an employee from working for more then 90 days. This plan provides a basic benefit equal to 60% of one's income to a maximum of $5,000 per month.
Three reimbursement accounts are available for benefit-eligible employees to set aside tax-free dollars for medical expenses not covered by insurance, dependent care expenses and for qualifying insurances not purchased through Rice.
Public Employees Retirement Association (PERA)
As a city-owned hospital, Rice participates in Public Employees Retirement Association. Both Rice and the employee contribute to PERA with Rice contributing the larger share.
PERA provides a monthly income at retirement age based on the number of years of participation in the plan and salary earned.
Deferred Compensation Plan (DCP)
The Deferred Compensation Plan offers an avenue for retirement savings on a tax-deferred basis available through payroll deduction.
Paid Time Off (PTO)
Paid Time Off (PTO) is used to cover paid time off for vacations, short-term illness, and holidays. It is earned at a rate that can accrue a minium of 22 days per year to a maximum of 37 days per year for full-time employees. Earned PTO is pro-rated for part-time employees.
Defined holidays are New Year's Day, Memorial Day, July 4, Labor Day, Thanksgiving, and Christmas.
Extended Sick Leave
Six days accrues per year for full-time, regular staff to a maximum of 600 hours (800 for RN's). Earned Extended Sick Leave is pro-rated for part-time employees.
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