Benefits at Texas Mutual
| Medical Benefits | Employees can elect to participate in a PPO medical plan. The plan has a $500 individual deductible and a $15 office visit co-pay for "in-network" services, delivered by a primary care physician. The plan covers prescription drugs, wellness exams, vision exams, and vision materials (frames, lenses and contacts). The company pays a majority of employee-only coverage and assists with the cost of dependent coverage. The company’s
contribution toward the benefits will vary depending on coverage the
employee selects.
Back to top |
| Dental Coverage | The company’s dental plan provides coverage for preventive care (cleanings), basic restorative services (fillings), and major restorative services (bridges
and crowns). The plan also covers orthodontia services for dependent children. Employees covered by the plan can utilize any dentist they wish. Employees electing dental coverage are required to pay part of the premium. Back to top |
| Wellness | The company believes in promoting wellness among its employees and rewarding employees who lead a healthy lifestyle. The Healthy Lifestyle Incentive Program is designed to assist employees and covered dependents in identifying and reducing potential health risks. If you meet participation requirements, the company offers a reduced medical premium.
Back to top |
| Retirement Plan | The company contributes four percent of employees’ wages to their retirement accounts. Employees choose how to invest the employer contributions from a list of over 25 mutual funds available through Fidelity Investments. Employees become vested in employer contributions based on their years of service.
Back to top |
| Matched Savings Program | In addition to the company’s contribution to the retirement plan, employees may also contribute toward building their retirement accounts. Employees may contribute up to 75 percent of their annual wages to the savings program. If employees contribute to the Matched Savings Program, the company will match employees’ contributions $0.75 for each $1.00 contributed, up to 6 percent of wages.
Back to top |
| Disability and Life Insurance | The company provides each full-time employee with Long Term Disability, Short Term Disability, and Life insurance. The disability benefits assist in replacing a portion of the employee's wages if the employee is unable to work due to an injury or illness. The company’s life insurance benefit is equal to 150 percent of annual wages. Employees can also purchase additional life insurance for themselves and their spouses.
Back to top |
| Pre-Tax Premium/Flexible Spending Accounts | This plan allows premiums for certain benefits to be deducted before income taxes are applied. The plan also allows employees to contribute to flexible spending accounts on a pre-tax basis to cover expenses related to dependent care and out-of-pocket medical expenses.
Back to top |
| Leave Time | The company observes 9 paid holidays. Employees can earn 2 personal days per year, up to 12 sick days per year, and between 2 and 4 weeks of vacation per year, depending on tenure with the company.
Back to top |
| Workers' Compensation | The company is committed to reducing on-the-job injuries and illnesses throughout the company. If an employee sustains a work-related injury or illness, the company offers workers’ compensation insurance coverage, which pays for reasonable and medically necessary treatment related to the compensable injury or illness.
Back to top |
| Return-to-Work Process | If an employee is injured or disabled, the company will work with the employee and his or her treating physician to try to help the employee to return to safe, productive work as soon as medically reasonable. The company believes that the support and participation of management and all employees is essential for the success of the return-to-work process.
Back to top |
| Optional Benefits | The company offers several optional benefits that employees may purchase. These benefits include an AFLAC cancer plan, Long Term Care insurance, Group Auto and Homeowners insurance, and Individual Disability insurance.
Back to top |
| Medical Privacy | As an employer that maintains a group health plan, the Health Insurance Portability and Accountability Act requires Texas Mutual Insurance Company to protect the privacy of employees' health information. You may review and/or print the complete "Notice of Privacy Practices," in MS-Word or PDF formats.
Back to top |