For many people, the announcement last year that the three major credit reporting agencies would remove paid medical debts from credit reports was a welcome relief. Medical bills and the confusion those bills and insurance cause, has led to many people owing debts they never planned for. Here is an update on the changes to credit reports, credit scores, and how to manage medical bills.
Medical, Dental, Pharmacy & Vision: AFS contributes towards the cost of premiums for eligible employees and their dependents. AFS also will pay an additional 10% of the employee’s portion of the premium when the employee enrolls in the Healthy Incentive Plan.
Flexible Spending Account: AFS provides a FSA program to allow employees to set aside money on a pre-tax basis to pay for health and day care costs. This allows employees to save on taxes by setting aside up to $2,000 for health care expenses and/or $5,000 for daycare costs, in a Flexible Spending Account.
Life and Accidental Death & Dismemberment Insurance: AFS pays 100% of premiums for Fulltime employees.
Long Term Disability: AFS pays 100% of premiums for Fulltime employees. The plan pays 60% of the first $8333 of monthly income to a maximum monthly benefit of $5,000 after a 90 day waiting period.
401-k Retirement Plan: All employees working a minimum of 1000 hours per year are eligible to participate in the AFS 401(k) plan. Employees may contribute between 1% and 90% of their eligible pay on a pretax basis, up to the annual IRS dollar limit. AFS may make a discretionary pretax matching contribution.
Vacation & Sick Leave: AFS provides a PTO bank for use of vacation and sick leave. The amount of PTO increases with the length of employment. The first year, a fulltime employee has 13 days available for use. Part time employees working a minimum of 20 hours per week will have PTO accrue on a pro-rated basis.
Holiday Pay: AFS provides 9 paid holidays including 2 floating personal days. Part time employees working a minimum of 20 hours per week are eligible for Holiday Pay on a pro-rated basis.
EAP: AFS provides an Employee Assistance Plan for employees and for the employee’s dependents and household members. Fulltime and part time employees are eligible for EAP coverage.
Tuition Reimbursement: AFS provides up to a maximum of $700 per quarter towards tuition reimbursement on pre-approved courses for regular fulltime employees.