My Total Rewards 2020

Fairview Clinics and Hospital Physicians

Fairview offers total rewards to fit your life. We know you and your family have different personal and financial health needs at different stages in life. Employees authorized 48 or more hours per pay period enjoy a wide range of both traditional benefits and leading-edge rewards. You will enroll online at the time of hire and each year during Open Enrollment. During enrollment, you will make choices for medical, dental and vision insurance, health care and dependent flexible care spending accounts, life insurance, and much more. 

The information below is an overview. Additional information is available through Fairview’s Employee Service Center at 612-672-5050 or toll-free 877-903-5050.

Medical Insurance 

Fairview offers five medical plan options. Dependents are also eligible for coverage (proof of dependent status will be required upon enrollment of a new dependent). Coverage is effective the first of the month following your date of hire, or on the first of the month if hired on the first of a month.

Employees have five medical plans to choose from:

  • PreferredHealth Exclusive Provider Plan: A $0 deductible, traditional copay plan that uses a narrow network of providers; there is no out-of-network provider coverage.
  • PreferredHealth Copay Plan: A traditional copay plan that uses a narrow network of providers; providers in the Aetna Travel Network are covered as in-network providers when you are out of the PreferredOne service area.
  • PreferredHealth High-Deductible Plan: An annual deductible is required before this plan pays benefits; this plan uses a narrow network of providers. Providers in the Aetna Travel Network are covered as in-network providers when you are out of the PreferredOne service area. This plan allows you to contribute to a Health Savings Account (HSA) if you are eligible.
  • Open Access Copay Plan: A traditional copay plan that uses a broader network of providers.
  • Open Access High-Deductible Plan: An annual deductible is required before this plan pays benefits; this plan uses a broader network of providers. This plan allows you to contribute to a Health Savings Account (HSA) if you are eligible.

Provider networks:

  • PreferredHealth Network providers offer the highest level of coverage. This level of coverage applies to providers from HealthEast, Entira, Fairview, University of Minnesota Physicians, Vibrant and Fairview Physician Associates, as well as Children’s Hospital and Clinics and North Memorial.
  • PreferredOne Open Access 200 Network providers offer the highest level of coverage. Providers include members of the PreferredHealth Network as well as local competitors of HealthEast and Fairview.
  • Out-of-Network providers offer the lowest level of coverage, if any. You’ll need to pay a larger percentage of the total cost, a higher coinsurance percentage and higher annual out-of-pocket maximums. Fairview uses the Aetna Signature Administrators national provider network for discounted services. View providers at preferredone.com/aetna/asa/. There is no out-of-network coverage on the PreferredHealth Exclusive Provider plan.

View all provider directories

Premiums:

What you pay each pay period for medical insurance depends on how many people you cover, which plan you choose, and your tobacco status. View premium rates for each plan.

Health Savings Account (HSA)

Fairview partners with Optum for HSA administration. An HSA is a tax-advantaged account that allows you to set aside money to pay for eligible out-of-pocket health expenses not covered by your medical, prescription drug, dental, and vision plans. Some examples include copayments, deductibles, eyeglasses, hearing aids, and contacts.

If you choose to make contributions to your HSA, you must make an election each year during the Open Enrollment period. Annually, Fairview matches your HSA contributions, up to $500 for employee-only coverage and up to $1,000 for employee plus dependent(s) coverage. All contributions are made per pay period; you will not receive a Fairview contribution if you do not contribute to your own HSA.

In 2020, the combined employer/employee contributions cannot exceed $3,550 for single coverage or $7,100 for family coverage. Participants age 55 or older are eligible to contribute an additional $1,000.

Dental Insurance

Fairview offers two dental plan options, both administered by Delta Dental. Dependents are also eligible. Coverage is effective the first of the month following your date of hire, or on the first of the month if hired on the first of a month. View premium rates for Fairview’s dental plans.

Vision Insurance

Employees have the option to enroll in the vision plan administered by VSP. Dependents are also eligible. Coverage is effective the first of the month following your date of hire, or on the first of the month if hired on the first of a month. View premium rates for Fairview’s vision plan.

Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance

Fairview partners with Securian Financial for life insurance administration. Coverage is effective the first of the month following your date of hire, or on the first of the month if hired on the first of a month. Basic term life insurance is provided to you at no cost. You are eligible for one times your annual salary up to $500,000. The IRS requires that any life insurance benefit valued over $50,000 must be included in income and is subject to applicable taxes. If your annual salary exceeds $50,000, you will see the taxation on your paycheck.

Optional life insurance coverage is available for purchase for you, your spouse, and dependent children. You may enroll in optional life insurance for up to six times your annual earnings to a maximum coverage of $2,500,000.

Please note: Life insurance rates for spouses are based on the Fairview employee’s date of birth.

AD&D insurance can be purchased as a supplement to employee optional life insurance. If you die as the result of an accident, your beneficiary will receive the amount of your AD&D coverage in addition to your basic and optional life insurance benefit. AD&D insurance may also pay all or a portion of your benefit if you are seriously injured in an accident.

It may be necessary to provide Evidence of Insurability (EOI) to obtain some levels of life insurance. Any coverage amount that requires EOI will not take effect until necessary approval is obtained through Securian. Coverage is subject to benefit reductions after age 70.

Disability Insurance

Disability insurance provides salary continuance in the event that you become disabled and are unable to work. Coverage is effective the first of the month following your date of hire, or on the first of the month if hired on the first of a month. Disability insurance is provided to you at no cost. While receiving pay under Salary Continuation, you will be paid at 100% of your regular pay rate. For physicians whose pay is production-based, Salary Continuation would be paid at the base draw rate. Salary Continuation will be paid for the first 90 days of disability. The salary continuation benefit is paid through Fairview Payroll and taxed as ordinary income.

  • Short-Term Disability Insurance: Provides a benefit equal to 60 percent of your weekly earnings to a maximum benefit of $5,500 per week. Coverage begins after seven calendar days of disability and is taxable.
  • Long-Term Disability Insurance: Provides a benefit equal to 60 percent of your monthly earnings to a maximum benefit of $22,500 per month. Long-term disability coverage begins after 180 calendar days of disability and is taxable. Own occupation/own specialty coverage is available.

Voluntary Benefits

Fairview is pleased to offer a suite of voluntary benefits, including:

  • Accident Insurance: The MetLife Accident Plan can protect you and your family from the potential financial impact of an accident by helping to offset out-of-pocket costs, such as deductibles and coinsurance, which are not paid by your medical insurance carrier. Policies are designed to cover injuries and accident-related expenses such expenses as hospitalization, emergency room care, fractures, dislocations, surgery, and transportation.
  • Critical Illness Insurance: The MetLife Critical Illness Plan helps you and your family recover from the financial stress of surviving a critical illness. Policies pay a lump sum benefit for specific serious illnesses.
  • Hospital Indemnity Insurance: The MetLife Hospital Indemnity Plan offers you supplemental medical coverage that provides cash benefits to help offset expenses associated with the out-of-pocket costs of deductibles, coinsurance, and non-covered hospital services.
  • Identity Theft Protection: The InfoArmor Identity Theft Plan protects you from unauthorized use or attempted misuse of an existing credit card or other existing account, and the misuse of personal information to open a new account or another fraudulent purpose.
  • Legal Plan: The ARAG Legal Plan offers you easy access to qualified attorneys in your area. Plan attorneys provide a wide range of legal services, covering most personal legal needs.

Premiums for these products are paid through post-tax payroll deductions.

Retirement: 403(b) and 401(k) Plans

All employees are eligible upon hire to contribute to a tax-deferred 403(b) or 401(k) retirement savings plan with Fidelity Investments. This includes casual-status employees who would normally not be eligible for benefits. New hires will be automatically enrolled into the tax-deferred option at a three percent contribution level on the first pay date following 30 days of employment. Employees may opt-out of this automatic enrollment or change their contribution amount by contacting Fidelity at 1-800-343-0860 or www.netbenefits.com/Fairiew. Any contributions made cannot be refunded.

 Fairview also offers a Roth option, which allows you to contribute after pre-tax dollars to your account at Fidelity and make potentially tax free withdrawals in retirement.

Fairview contributions:

For eligible employees meeting annual employer contribution requirements, Fairview contributes a discretionary (base) amount equal to three percent of your compensation each year to the plan. The discretionary (base) contribution is made annually, after year-end, and is subject to annual eligibility requirements. 

For the discretionary (base) contribution, eligible employees are at least 21 years of age and have completed one year of employment with at least 1,000 hours of service. 

In addition, Fairview will match employee contributions on a per pay period basis. Eligibility is immediate. Any contribution an eligible employee makes, up to six percent, of their compensation will be matched at 50 percent. This means you could earn an additional three percent matching contribution from Fairview (for a total of up to six percent employer contribution) if you contribute six percent or more to your retirement plan.

All employee contributions are immediately 100 percent vested. Fairview employer contributions are subject to this vesting schedule.

Professional Liability Coverage

All Fairview employees are covered by Fairview’s professional liability coverage while performing assigned duties for Fairview. The insurance is automatic and starts on the employee’s first day of employment. If an individual leaves Fairview employment, coverage remains in place for any claims that may be made after employment has been terminated for acts or omissions that occurred during the individual’s period of employment. Fairview pays the premium for this post-employment coverage.

Licenses and Fees

Fairview will pay all fees for licenses and registrations that are required in order for physicians to be licensed, gain hospital privileges, or prescribe medications. Examples include hospital dues, DEA registration, and Minnesota license fees.

Health and Wellbeing Resources

Fairview is committed to enhancing the health and wellbeing of Fairview employees and their families. You have several opportunities and resources to help you maintain and improve your personal health:

  • Employee Wellness Services: Access a variety of resources for fitness, nutrition, stress management, tobacco cessation, mindfulness, discounts, and more through the employee intranet, blog community, and activities both online and onsite.
  • Fairview Wellbeing Dollar Allowance: Fairview employees can take advantage of the Fairview Wellbeing Dollar Allowance Program, regardless of your enrollment in a Fairview medical plan. The allowance is $350 per year for benefit-eligible employees and $150 per year for non-benefit-eligible employees to be used towards services at Ways to Wellness or other qualified programs. Find details on the Fairview intranet’s Employee Wellbeing page, under Benefits & Services.
  • PreferredOne Fitness Advantage Discount: Get in shape and save money. Employees on a Fairview medical plan can save up to $20 a month on a gym membership when you work out 12 or more days each month (up to $40 per family).
  • Healthy Savings: Eat healthy and save on your grocery trips this year. Fairview will continue to offer all employees a 25 percent discount on your fresh produce purchases up to $5 every week at participating grocery retailers. Sign up for your Healthy Savings card anytime. Find the link on the Employee Wellbeing intranet page, located under Benefits & Services on the Fairview intranet.
  • Employee Assistance Program: Employees and family members receive up to six sessions of free, confidential short-term counseling, problem-solving, and referrals. Seek help for work or personal concerns including stress, anxiety, depression, relationship issues, and more.

Adoption Assistance

For benefit-eligible employees, Fairview reimburses adoption expenses up to $2,000 per adoption, per household. Reimbursement is paid upon finalization of the adoption.

Continuing Medical Education

Continuing medical education is a calendar year benefit and is prorated for employees starting employment mid-year.

  • You will receive an annual dollar allotment for approved expense reimbursement and may accrue paid time off (prorated for part-time employment and mid-year start).
  • If you are employed half-time or less, you will receive a minimal dollar allotment, but no time off.

Tuition Assistance and Reimbursement

Through the tuition reimbursement plan, Fairview recognizes the importance of continuing education. Courses will be approved if:

  • The course is taken at an accredited educational institution;
  • The employee satisfactorily completes the course; and
  • The degree or course enhances the employee’s current position or prepares the employee for a position that may be available at Fairview in the future.

Fairview provides tuition and initial certification reimbursement for eligible employees. Starting Jan. 1, 2020, Fairview will move to a direct pay model called Tuition Assistance for eligible educational institutions. This means that Fairview will work directly with the learning institution to pay before you start class. You do not need to pay up front and get reimbursed later. If your educational institution does not participate in Tuition Assistance, you may still be eligible for reimbursement through this program. A two-year employment commitment applies to employees receiving a benefit from this program.

Employees working at least 48 hours per pay period, may receive reimbursement for up to 100 percent of the cost of tuition and books, up to $3,750 annually. Employees must agree to work at Fairview for two years after completion of course work.

This is intended to provide a summary of benefits offered to Fairview employees. While Fairview believes the information included in this summary to be true, it is not intended to be all-inclusive nor is it intended to set conditions of employment. Fairview reserves the right to modify, change or reserve any part or parts of this information at any time. The language in this brochure is not intended to create, nor can it be construed to create, a contract between Fairview and its employees. The language in the insurance contracts and documents will prevail should there be a conflict of information.