- 4 -
Met Life contribution is greater for employees who select medical
and dental coverage for themselves but not their dependents than
it is for employees who do not select any medical and dental
coverage. Specifically, employees who select medical and dental
coverage for themselves and two or more dependents receive a Met
Life contribution in the amount of $4,811, whereas employees who
select medical and dental coverage for themselves but not their
dependents receive a Met Life contribution in the amount of
$1,990. Employees electing not to receive any medical or dental
benefits receive a Met Life contribution in the amount of $881.
The cost of employee benefits is determined by the type and
level of coverage selected and, in the case of medical and dental
benefits, also by the number of covered dependents. For
employees selecting lower levels of coverage (e.g., less life
insurance or higher deductibles), the cost is less than for
similarly situated employees selecting higher levels of coverage
(e.g., more life insurance or lower deductibles).
Although employees are not required to select either medical
or dental coverage, employees are required to select long-term
disability coverage and life insurance coverage. However,
employees may choose among several options for each type of
required coverage. In the case of long-term disability, the
options involve coverage based on different replacement-of-salary
percentages, which range from 50 percent of salary to 60 percent
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011