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Medical
For eligible employees, Modern Professional Services offers a choice of several
types of Preferred Provider Organization (PPO) plans or a Health Maintenance
Organization (HMO), so you can tailor your medical insurance with your needs and
those of your eligible dependents. Both plans provide extensive provider networks.
Also, some of the PPO choices allow out-of-network coverage. Prescription drugs are
covered under all above plans, except the lowest level PPO choice.
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Dental
Modern Professional Services offers eligible employees a choice of three levels of dental
plans for employees and their eligible dependents. Although the flexibility of out-of-network
coverage is designed in this choice, it also provides you the ability to optimize your
dental expenses by using in-network providers.
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Vision
Modern Professional Services offers a vision plan to eligible employees and their eligible
dependents that provides covered expenses for exams, lenses, frames and contact lenses.
Significant discounts and higher level of benefits are realized by using network providers.
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Flexible Spending Accounts
Modern Professional Services provides eligible employees the opportunity to establish
pre-tax spending accounts for either a Health Care Reimbursement Account (HCRA) for expenses
(not covered by health insurance) up to $3,500 / year or Dependent Care Reimbursement Account
(DCRA) for expenses (e.g. child day care to enable you to work) up to $5,000 / year. These
accounts are governed by federal regulations, including the "annual use it or lose it rule",
but can save significant tax dollars if planned properly.
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Life Insurance
Modern Professional Services provides $50,000 basic Life insurance to eligible employees.
Furthermore, employees can purchase additional amounts of Life insurance for themselves and
/ or their eligible dependents if they so desire.
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Accidental Death & Dismemberment Insurance
In addition to basic Life insurance, Modern Professional Services provides $50,000 AD&D
insurance to eligible employees. Furthermore, employees can purchase additional amounts of
AD&D insurance for themselves and / or their eligible dependents if they so desire. This
insurance provides protection in addition to Life insurance (above) in the event of an
accidental death or loss of limb.
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Short Term Disability
Modern Professional Services provides eligible employees with basic STD insurance. If an
eligible employee is disabled from work for more than 7 calendar days, they may be eligible
for pay replacement benefits of 60% of base pay up to a maximum $ amount for a maximum
period of 12 weeks. Employees are also offered the choice to "buy-up" to higher levels of
STD benefit.
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Long Term Disability
Modern Professional Services provides eligible employees with basic LTD insurance. If an
eligible employee is disabled from work for more than 90 days, they may be eligible for pay
replacement benefits of 50% of base pay up to a maximum $ amount for the duration of their
disability (benefits may be reduced at age 62). Employees are also offered the choice to
"buy-up" to a higher level of LTD insurance.
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401(k) Plan
Modern Professional Services provides eligible employees the opportunity to save up to 50%
of their pre-tax pay (up to the annual maximum allowed by regulation) towards retirement in
a 401(k) plan that provides more than 20 investment choices with Fidelity Investments (the
largest provider of 401(k) plans). Furthermore, the company may provide a matching
contribution each year. The VME 401(k) Plan contains provisions that accept rollovers into
the Plan of pre-tax and post-tax monies from another qualified plan. There are also loan
provisions that allow you to borrow from your own account.
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Paid Vacation
Eligible Modern Professional Services employees earn vacation at each anniversary of their hire date as follows (assuming employee actually works at least 1750 hours / year or more):
After 1 year 40 hours
After 2 years 80 hours
After 5 years 120 hours
After 15 years 160 hours
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Holidays
Modern Professional Services observes 7 paid Holidays / year for eligible employees.
Modern Professional Services is seeking employees who are interested in a long-term
commitment. Our employee benefit package is indicative of the commitment our company wants
to make to you and your family.
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