Employee Benefits at Agency Insurance Company

THE BEST OPPORTUNITY

Agency Insurance Company believes that our business success is directly related to the exceptional quality and dedication of our associates. We are committed to providing employees with the best opportunity for job satisfaction and professional growth. In support of that commitment, we recognize that a comprehensive and versatile, yet cost-effective group benefit selection is important to employees and their families as a considerable segment of their compensation package.

MEDICAL AND PRESCRIPTION DRUGS

The Company offers medical coverage through National Claims Administrative Services (NCAS). NCAS is the third party administrator for CareFirst BlueCross BlueShield. Employees have access to the CareFirst BlueCross BlueShield PPO network to use for accessing care for in network benefits. NCAS also allows employees and their family members access to their claims online via their website. Employees are able to log on to a secure website and view the status of a claim, download and print Explanation of Benefits (EOB's) and other useful forms.

The PPO plan also offers prescription drug coverage through Express Scripts. Generic drugs are covered with a $10 copay, preferred brand name drugs are covered with a $25 copay and non-preferred brand drugs are covered with a $40 copay.

DENTAL

Our dental plan is offered through the Cigna Dental Care Plan. The network of dentists is nationwide and one of the largest in the United States. Covered family members can choose their own dentists - near home, work, or school. The plan has no deductibles to meet. No dollar maximums. No claim forms to file. No waiting periods for coverage. You'll know exactly what the fees will be up front, before starting treatment. Diagnostic/Preventive is covered at 100%. Other services are discounted 35% to 75%. Orthodontic coverage is offered to both children and adults.

VISION

Also included in the medical plan is coverage for one routine vision exam covered with a $25 copay. In addition, Express Scripts offers savings on eyecare through the Vision One Eyecare Discount Program. Employees will receive discounts of up to 60% at America's best known eyecare companies and through Cole Managed Vision's network of Independent Doctors of Optometry. Savings apply to most vision products. To locate a provider, visit www.colemanagedvision.com.

LIFE INSURANCE

The Company offers basic term life and accidental death and dismemberment (AD&D) coverage for each eligible employee equal to 2x's annual salary. We also offer dependent life insurance. This is a company paid benefit. Additional life insurance is available for purchase at group rates.

FLEXIBLE SPENDING ACCOUNTS

  • Healthcare Flexible Spending Accounts allow employees to set aside pre-tax dollars to help pay for expenses that are either partially covered or not covered by medical, dental or vision insurance. Employees may contribute up to $1,400 in the account each year.
  • Dependent Care Flexible Spending Accounts allow employees to set aside pre-tax dollars to provide care for dependents so parents can work. Contributions up to $5,000 per year are permitted.

401K PLAN

AIC's 401k plan allows employees to select from a range of investment options including Legg Mason, Putnam and Lazard funds. Employees may contribute up to 15% of salary to the plan on a pre-tax basis. The company matches 100% on the first 3% of salary deferred and 50% on 4% and 5% of salary deferred. Enrollment is quarterly.

529 COLLEGE SAVINGS PLAN

529 College Savings Plans offer tax deferred and tax free withdrawal options for college savings. The plan can be used for educational costs at any eligible college, university, or graduate school in the United States. In addition to earnings growing tax deferred, all withdraws for qualified educational expenses are federal income tax free. Employees may contribute as little as $25.00 per pay. This savings plan is offered by Manulife College Savings.

TUITION ASSISTANCE

The Company is committed to furthering the education of employees by offering tuition assistance for full-time employees for both undergraduate and graduate level classes. The tuition assistance plan covers the cost of up to three courses per semester. Employees are responsible for tuition costs over $125 per credit hour for under-graduate courses and $175 for graduate level courses.

VACATION/PERSONAL/SICK LEAVE

  • Vacation: Employees receive two weeks of vacation per year for the first five years of employment. The first year is pro-rated. After five years of employment, employees receive three weeks, and after ten years employees receive four weeks of vacation.
  • Personal: The Company offers a ten day holiday/personal day package. Usually, Agency is closed five holidays per year and grants five personal days per year for the holidays the Company remains open.
  • Sick: All employees receive five sick days per year. This time can also be used for sick family members.

SHORT TERM DISABILITY

In an effort to help employees balance their work and family life, the Company offers short term disability to employees. Upon completion of a 15 day qualifying period, employees receive salary, or a percentage thereof, based upon tenure for up to 24 weeks, not to exceed 120 working days per incident.

DRESS CODE POLICY

The Company's objective in establishing a dress code is to enable employees to project a professional, business-like image while experiencing the comfort advantages of more casual and relaxed clothing. Fridays are dress down days ("jeans day"). On these days, jeans and a more casual approach to dressing, although never potentially offensive to others, is allowed. Management may occasionally call a "Business Professional Day" if we are expecting outside visitors. On those days, the Company asks employees to dress their professional best.