Venezia Transport Service, Inc. Employee (Drivers) Benefit Summary

Company Benefits Full-time employees are eligible for:

Health Insurance

• The health plan includes major medical, hospitalization, prescription and other benefits as explained in the Plan Document and Summary Plan Description booklet.

• Health insurance benefits are effective on the first of the month following the completion of 90 days of fulltime continuous employment.

• Weekly cost for the HIGH OPTION plan:  Family - $60.77: Single - $17.61

• Weekly costs for the LOW OPTION plan: Family - $48.74: Single - $5.01

High Option:

In-Network Out-of Network
Deductible: $200 / $400 $500 / $1,500
Coinsurance: 90% PPO 70% Reasonable/Customary
Out of Pocket Maximum: $1,200 / $2,400 $3,500/$10,500 - Excludes Deductible
Office Visit Copay: $10.00 70% Reasonable/Customary -after Deductible
Hospital Copay: None $250 Copay per Admission - (In Addition to Deductible and Coinsurance)
Out-Patient Surgery Copay: None None
All Other Services*: 100% 70% Reasonable/Customary -after Deductible
*Birthing Centers, Skilled Nursing, Extraction of Wisdom Teeth, Hospice Care, Home Health Care, Emergency Room, Pre-Admission Testing, and Rehab Facility

Physical, Speech, & Occupational Therapy $10.00 Copay 70% Reasonable/Customary -after Deductible

Weekly Payroll Deductions for High Option Plan

Low Option:

In-Network Out-of Network
Deductible: $500 / $1,000 $1,000 / $3000
Coinsurance: 80% PPO 60% Reasonable/Customary
Out of Pocket Maximum: $2,400 / $4,800 $5,000/$15,000
Office Visit Copay: $20.00 60% Reasonable/Customary -after Deductible
Hospital Copay: $500 per Admission $500 per Admission
Out-Patient Surgery Copay: None None
(Copay would apply, then Deductible, then Coinsurance Limit)
Out-Patient Surgery Copay: $250 per Surgery $250 per Surgery
(Copay would apply, then Deductible, then Coinsurance Limit)
All Other Services*: 100% 70% Reasonable/Customary -after Deductible
*Birthing Centers, Skilled Nursing, Extraction of Wisdom Teeth, Hospice Care, Home Health Care, Emergency Room, Pre-Admission Testing, and Rehab Facility

Physical, Speech, & Occupational Therapy $10.00 Copay 70% Reasonable/Customary -after Deductible

Life Insurance

• The life insurance benefit is $15,000

• The benefit is effective on the first of the month following the completion of 90 days of fulltime continuous employment.

• The benefit is provided to the employee at no cost.

Dental Insurance

Dental insurance (through Independence Administrators) provides you with a $500 annual benefit that can be used for legitimate dental expenses.

• Dental insurance is effective after one (1) year of continuous fulltime employment.
• The benefit is provided to the employee at no cost.
• See Medical Summary Plan Description for specific details.

Holidays

Holidays are paid after the completion of 90 days of employment.  Escalating pay Scale for Longevity, ranging from $125 to $175.  The holidays observed by the company are:

New Year’s Day                           Labor Day
Memorial Day                              Thanksgiving Day
Independence Day                      Christmas Day

Vacation Day

Full time employees will receive paid vacation per the following schedule after meeting service requirements:

• After one (1) year                        1 week
• After two (2) years                      2 weeks
• After seven (7) years                  3 weeks
• After fifteen (15) years               4 weeks
• After twenty (20) years              5 weeks

• Must take first 2 weeks – option to cash in the 3rd, 4th & 5th weeks.   It is a “use or lose” program, based on each driver’s anniversary date.

Personal Time Off

• Personal days can be earned on a yearly basis upon achieving Emerald Club Status – Must take these days – Paid at $150 per day and con not be cashed in.

• Gold Status – 5 personal days
• Silver Status – 3 personal days
• Bronze Status – 1 personal day

401k Employee Savings Plan

• All employees, at least 21 years of age, with 90 days of service are eligible to join the plan.  Enrollment dates are the first of each month.

• You may ‘set aside” up to 15% of your weekly pay on a pre tax basis.

• The company will match $.50 for every dollar of your contribution up to 3% of your pay.