At Furnitureland South, we believe that our people are our most valuable resource. As part of our commitment to the health and well-being of our employees and their families, we provide a comprehensive and competitive benefit program. All of the following benefits are offered to regular full-time Furnitureland South employees.
As an employee with Furnitureland South, you can participate in the group medical plan through Blue Cross Blue Shield of North Carolina. Through BCBSNC you will have two coverage options: BCBSNC Blue Options 1-2-3 and BCBSNC Blue Options HSA. The BCBS Blue Options 1-2-3 medical plan covers a variety of benefits including no cost preventive services, copayments for primary care physician offices visits and pharmacy services, routine vision coverage and hospitalization. The BCBS HSA medical plan also covers no cost preventive services, and provides a lower maximum out-of-pocket along with the ability to fund and utilize a Healthcare Savings Account (HSA). Both Blue Cross Blue Shield medical plans also cover routine eye exams and provide a $200 per year per covered member lens and frame benefit. Regardless of the plan you choose, the extensive network of providers offered by Blue Cross Blue Shield and the market competitive premiums make this a great benefit for employees of Furnitureland South. In addition, after 1 year of continuous service, medical deductions for coverage are reduced.
Furnitureland South also offers a “stand-alone” vision care plan through United Healthcare to help manage the cost of eyeglasses and contact lenses. Annual eye examinations are provided to each covered member at any network provider for a copayment.
An employee who participates in the BCBSNC dental plan with Furnitureland South can see any dentist for their dental needs. Twice annual cleanings are covered with no co-pay or deductible, and every covered family member receives a maximum of $1,500 per calendar year in benefits.
Flexible Spending Accounts
Flexible spending accounts (FSA) help you take advantage of tax savings on eligible health care and dependent care expenses. Furnitureland South offers two flexible spending accounts: a Health Care Reimbursement Account (for those medical expenses not covered under insurance) and a Dependent Care Reimbursement Account (for reimbursement for daycare expenses for eligible dependents). The FSA may be used in conjunction with the BCBS Blue Options 123 medical plan (it may also be used with the BCBS Blue Options HSA plan as long as you are not funding an HSA account) or with another eligible plan outside of those offered by Furnitureland South.
Furnitureland South provides every eligible employee with $10,000 of group term life insurance coverage, as well as $2,500 spousal and up to $2,500 dependent coverage at no cost to the employee. Additional supplemental group term life insurance coverage is offered through Prudential Insurance at very affordable premiums on a guaranteed issue basis.
Should you be unable to work and provide for your family, short-term and long-term disability coverage is available to eligible employees. This coverage is provide by Lincoln Financial and pays you 60% of your pre-disability income should you become disabled. The reasonable premium cost more than makes up for the peace of mind this coverage brings.
Accidents happen, and this coverage helps plan for those inevitable events! The accident coverage through USAble Life, provides monetary compensation for medical and non-medical related expenses incurred as a result of an accident. There is also a wellness benefit included, which provides a $60.00 per year reimbursement for most routine services performed.
Hospital Confinement Coverage
Nobody plans to stay in the hospital, but should you have the unexpected need to do so, the cost to you can be great. Hospital Confinement coverage through USAble Life, provides monetary compensation for hospital confinement related to an injury or an illness. Typically this reimbursement is used to offset any deductible or coinsurance expenses not covered under the medical plan. There is also a wellness benefit included which provides a $75.00 per covered individual per year reimbursement for most routine services performed.
Cancer insurance through USAble Life, is offered to help supplement existing insurance coverage and provide reimbursement for non-medical expenses related to cancer treatment, which can be significant. Additionally, there is a cancer screening benefit within the plan that provides for a $75.00 per covered individual per year reimbursement for most cancer screening associated with a routine exam.
Furnitureland South offers a 401(k) plan through Securian Retirement Services that is funded by your voluntary pre-tax contributions along with a $.50 on the dollar (up to 4% of your gross compensation) match provided by the company. You are eligible to participate following 6 months of continuous employment and may enroll during the 401(k) open enrollment period in January or July. A Roth(k) after-tax option is also offered as part of this savings plan.