Health & Wellness

Health Insurance

Medical insurance coverage is offered through Excellus Blue Cross® Blue Shield® (BCBS). If an eligible employee elects medical insurance, coverage begins upon date of hire. Employees can elect individual or family coverage. Employee contribution for the premium is pre-tax, reducing overall cost.

• Signature Copay Plan 30-50

• Signature High Deductible 1800, 3000, 5500

LaBella Associates shares the cost of medical premiums for regular full-time employees. Full-time employees pay their share through pre-tax payroll deductions. Please contact the Benefits Team for information regarding current medical premiums.

Health Opt Out: if a regular fulltime employee does not elect medical insurance, a $25 taxable opt out credit is provided as earnings per month.

Vision Insurance

LaBella provides optional vision insurance coverage through Eyemed’s Insight network. Employee pays the premium pretax.

Dental Insurance

LaBella provides three dental insurance options through Excellus BCBS. There is a basic plan and plans that include orthodontics for children. Employees pay the premium pre-tax.

Life Insurance/ AD&D Insurance

LaBella provides group term life insurance in an amount equal to 1.5 times the employee’s annual earnings to a maximum of $500,000 for all regular employees working at least 30 hours per week. Employees are also covered by accidental death and dismemberment insurance, which is additional life insurance equal to their basic group life, payable in the event of accidental death or dismemberment.

The work of our Wellness Committee is varied, inclusive, and innovative. Others have taken notice - we received recognition from both the Charlotte Business Journal and Rochester Business Journal in 2020 for best-in-class workplace wellness programs.

Supplemental Life

The supplemental life insurance program offers additional coverage for all regular employees working at least 30 hours per week. Employees can apply for coverage up to five times their annual earnings, not to exceed an overall maximum total of $500,000. Employees may also apply for up to $100,000 spousal coverage in $10,000 increments. Employees may elect $10,000 of supplemental dependent life insurance to cover dependents.

Long-Term Disability

Employees who are disabled for more than 90 days are eligible to apply for long-term disability (LTD) benefits. The benefit paid is equal to 60% of annual earnings to a maximum monthly benefit of $10,000. LTD insurance continues until the employee is no longer disabled or reaches age 65. The employee pays the monthly premiums.

Supplemental Short-Term Disability

Employees can enroll in additional coverage, which covers 60% of weekly earnings, capped at $1,200 per week, for up to 25 weeks. The monthly premiums are paid by the employee.

Of course, it felt a little strange to accept two awards for Wellness in 2020, when the word took on a far-reaching new meaning. At the time. lunchtime yoga seemed like a thing of the past.

Though the programming of our Wellness Committee has changed, our approach has not. We focus on providing support for our employees in three broad categories: Body, Brain, and Belonging. We track our progress in those areas using our Wellness “passport” - you can earn stamps for working on your financial wellness (brain), attending a firm social event (belonging), or taking a lunchtime walk (body).

Employee Assistance Program

The Employee Assistance Program (EAP) helps LaBella employees and their families obtain confidential, professional assistance for a wide range of issues that may affect their personal lives and job performance.

Fitness Reimbursements

Receive a fitness reimbursement up to $200 per calendar year for eligible fitness facilities, memberships, and classes.

Holidays

LaBella observes eight holidays each year: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day After Thanksgiving, and Christmas Day. The eighth holiday is a floating holiday designated by LaBella each year.

Paid Time Off (PTO)

PTO can be used for vacation, personal, or sick time. Part-time employees accrue vacation on a pro-rated basis. Employees are permitted to buy and sell up to 5 days of PTO for the following benefit year.

Parking

For locations with paid parking, there is an employer contribution which varies by location and parking area. Any remaining employee cost is a pre-tax deduction.

401(k) Plan

LaBella provides a 401(k) Retirement Plan administered through ADP 401K. Employees are eligible to participate in the 401(k) Plan after three months of employment. Employees can contribute up to 100% of their salary on a pre-tax basis up to a dollar limit set by the IRS annually. An optional after-tax savings component is also provided by the Plan in addition to a Roth 401(k) feature. Each year, LaBella determines a matching contribution amount for the Plan. Rollover contributions from other qualified plans are accepted upon approval by the plan administrator. A loan program is also provided through the Plan, allowing participants to borrow against their vested account balances.

Health Savings Account

Employees who enroll in a HDHP health plan can elect a Health Savings Account (HSA), which allows employees to pay for qualified health care expenses on a pre-tax basis. The maximum contribution per calendar year is $3,650 for an individual and $7,300 for a family. If the employee is age 55 or older they may elect to contribute an additional $1,000 per calendar year. HSA funds remain in the account indefinitely until depleted.

Flexible Spending Accounts

Employees can enroll in a Flexible Spending Account (FSA), which allows you to pay for qualified dependent care and health care expenses on a pre-tax basis. Employees can open a Health Care Flexible Spending Account and/or a Dependent Care Reimbursement Account. The maximum contribution per calendar year is $2,850 in an FSA and $5,000 in a DCRA.