Flexible Spending Accounts

Piedmont Internal Medicine offers two Flexible Spending Accounts (FSA) through Benefit Alternatives. These accounts allow you to set aside money on a pre-tax basis to pay for eligible dependent care and qualified medical/dental/vision/pharmacy expenses not covered by your insurance.

Contributing to an FSA gives you the opportunity to save money because your contributions are deducted from your pay before federal / state income taxes, Social Security, and Medicare taxes are withheld. The maximum you can contribute to the Healthcare FSA is $3,050 per year. You can roll over up to $610 of unused funds to the next plan year. The maximum you can contribute to the Dependent Care FSA is $5,000.

Disability & Life Insurance

For more information on any of these plans, see details in the Bernie Portal.

SHORT & LONG TERM DISABILITY

Piedmont Internal Medicine pays 100% of the Short Term Disability and Long Term Disability coverage for full time employees that have satisfied their waiting period. Coverage is provided through MetLife.

Short Term Disability covers 60% of your weekly earnings to a maximum of $2,500 a week. The maximum benefit period is 12 weeks.

Long Term Disability provides 50% of your monthly income to a max of $6,000.

Employees have the option to purchase additional coverage for LTD. Contact Erica LaBarreare at Sterling Seacrest Pritchard for more information.

BASIC LIFE, AD&D & VOLUNTARY LIFE

Piedmont Internal Medicine pays 100% of the Basic Life and Accident Death and Dismemberment Insurance coverage for full time employees that have satisfied their waiting period. Coverage is provided through Cigna. The benefit amount is 1.5x your annual salary.

AD&D insurance provides additional financial protection for covered injuries that are the result of a covered serious accident, whether that accident happens at work, on a business trip or vacation, or as you go about your daily activities. It also covers the accidental loss of life.

Voluntary Life Insurance is available for full time employees and their dependents. Rates will vary based on age and the benefit amount you select. An employee can elect up to 5x their annual salary. Pricing and plan information can be found in the Bernie Portal.