Cooper Employment Benefits Summary

Medical: (PPO Network Provider – Medcost)

PPO Network Primary Care: Fixed co- payment per medical visit to primary care physician.
Out-of-PPO Network Primary Care: Subject to deductible, then 70% covered.
Calendar Year Deductible: Cap applies to employee and family.
Reimbursement Ratio: In-PPO Network- 80%; Out-of-PPO Network – 70%
Wellness Benefit: $200/calendar year
Prescriptions: Fixed Co-pay for Name Brand and Generic prescriptions.
Available Coverage: Employee Only; Employee + Child(ren); Employee + Spouse; Employee + Family.

Dental: (MetLife)

Calendar Year Deductible: $50/person; $150/family on basic & major services
Reimbursement Ratio: Preventive Services – 100%; Basic Services – 80%; Major Services – 50%
Available Coverage: Employee Only; Employee + Child(ren); Employee + Spouse; Employee + Family.

Life Insurance: (UnumProvident)

$10,000 paid to employee beneficiary with additional $10,000 accidental benefit.
No Cost to employee.

Accidental Insurance:

$100,000 paid to employee’s beneficiary by company.
Available Coverage: Employee - $100,000 policy; Spouse - $50,000 policy; Child - $10,000 policy (per child).

Tool Insurance:

401K Retirement Savings:

Eligible to enroll at first of calendar year quarter after one year of service.
Company matches $.50 of each employee dollar contributed up to 4%. Employees may contribute up to 20% of tax deferred wages.
New employees are eligible to rollover previous 401(k) monies into plan immediately.

Vacation:

Sick Leave:

Holiday Pay:

Eight hours of regular pay for 6 holidays/year (New Year’s Day, Memorial Day, July 4th, Labor Day, Thanksgiving and Christmas).

Uniforms:

Workers’ Compensation:

Medical Services: 100% covered
Lost Wages: 66 2/3% base weekly earnings overtime included. Lost wage reimbursement begins after a seven day waiting period. If out of work greater than 21 days, initial 7 days are reimbursed.

Short Term Disability:

60% base weekly earnings for injury occurring off the job. Benefits payable, upon receipt of appropriate medical documentation, after eighth day out of work up to 26 weeks maximum.
No cost to employee.

Long Term Disability:

60% of base weekly earnings for disability exceeding six months as long as employee is disabled or age 65, whichever comes first.
No cost to employee

Flexible Spending Account(s):

Allows employees to pay for various out of pocket health and dependent care expenses through weekly pre-tax payroll deductions.
This plan covers deductibles, co-payments, prescription drugs, and non-covered medical, dental, vision expenses and over-the-counter medications.
Maximum medical expense election: $2500; Maximum dependent care expense election: $5000.

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