NCFLex – Dental, Vision, Flexible Spending Accounts, AD&D and More
The NCFlex Benefits Program provides a variety of plans to meet the needs of you and your family. These benefits are available to permanent employees through payroll deduction. Please refer to the NCFlex website for further information.
Available benefits include:
Two traditional options are available; a high coverage plan and a low coverage plan. New employees have 30 days to enroll in either plan and the deduction is taken on a pre-tax basis. Annual enrollments allow for late entrants. Further information is available at the NCFlex website (enter ‘NCFLEX’ as the company name on the MetLife website).
The monthly cost for eligible employees is as follows:
| Coverage Type | High Option | Classic Option | Low Option |
|---|---|---|---|
| Employee Only | 55.40 | 35.90 | 24.18 |
| Employee/Spouse | 111.12 | 72 | 48.74 |
| Employee/Child(ren) | 119.84 | 78 | 52.34 |
| Employee and Family | 196.20 | 123.00 | 83.44 |
Flexible spending accounts allow employees to set aside pre-tax money for out-of-pocket expenses for health care (medical, dental, vision, etc.) or dependent day care (child or adult).
Participation in the health care Flexible Spending Account (FSA) can result in savings of 25% to 42% or more, depending on the employee’s overall tax rate. The annual minimum contribution is $120 ($10/month) and the maximum is $2,750 ($229.17/month) for the health care FSA and $5,000 ($416.66/month) for the dependent day care FSA.
Administered by Voya Financial, this free program will pay a benefit of up to $10,000 if you suffer a loss or sustain certain disabling injuries while covered.
Please refer to the NCFlex website for further information.
The Accident Plan, administered by Voya Financial, pays benefits for specific injuries and events resulting from a covered accident. This plan can help relieve some of the financial stress that results from an accidental injury.
Please refer to the NCFlex website for further information.
Also administered by Voya Financial, this voluntary, fee-based program will pay a benefit if you suffer a loss or sustain certain disabling injuries while covered.
Please refer to the NCFlex website for further information.
Another benefit provided through NC Flex, this plan is administered by EyeMed Vision Care, and includes eye examinations, glasses, and contact lenses.
Employees may cover themselves and their families. Complete plan details are available on the NCFlex website.
The monthly cost for eligible employees is as follows:
| Coverage Type | Basic | Enhanced | Core Wellness |
|---|---|---|---|
| Employee Only | 4.50 | 8.00 | No Charge |
| Employee and Family | 11.66 | 20.52 | N/A |
The insurance is administered by Allstate Benefits and complements your existing medical coverage, but does not replace it. The coverage pays a lump-sum payment when a covered person experiences a covered condition.
Please refer to the NCFlex website for further information.
Voluntary Group Term Life Insurance, administered by VOYA, pays a benefit to your beneficiary(ies) if you die while covered under the policy. A minimum of $20,000 of coverage is available up to a maximum of $500,000.
Cancer Insurance is underwritten by Allstate Benefits and helps pay for cancer-related expenses as well as expenses related to 29 other diseases. Employees can enroll in employee or family coverage and choose among 3 different tiers: low, high and premium.