Benefit Eligibility

Omaha Track Equipment offers health and welfare benefits to all full-time employees. New salaried employees are eligible for benefits on the first day of the month following 30 days of employment. New hourly employees are eligible for benefits on the first day of the month following 60 days of employment.

Medical, Dental, & Vision Insurance

Omaha Track Equipment offers a high-deductible medical plan, coupled with a self-funded Health Reimbursement Account (HRA). The HRA reduces the in-network deductible to an out-of-pocket maximum of $2,500 for employee only coverage, and $5,000 for employee with dependent coverage. The employee contribution is deducted pre-tax on a weekly basis as indicated in the table below. This weekly cost includes medical and dental coverage.

Coverage Level Weekly Cost
Employee Only $18.00
Employee + Child(ren) $50.00
Employee + Spouse $95.00
Employee + Family $130.00

 

Omaha Track Equipment also offers vision coverage to employees. Our vision plan through Ameritas offers coverage through VSP’s Choice Network.  The weekly cost of vision benefits are outlined below:

Coverage Level Weekly Cost
Employee Only $0.46
Employee + Child(ren) $2.19
Employee + Spouse $2.36
Employee + Family $4.10

 

Dental coverage is available to those employees who waive medical.  Coverage is through Ameritas and includes an employer contribution to employees who waive coverage under the medical plan. The weekly cost of “dental only” benefits are outlined below:

Coverage Level Weekly Cost
Employee Only $0.83
Employee + Child(ren) $3.59
Employee + Spouse $3.66
Employee + Family $6.42

 

Health Savings Account

Employees that participate in Omaha Track Equipment’s medical plan have the opportunity to elect to have a Health Savings Account (HSA). Omaha Track Equipment encourages employees to establish a HSA by providing a one-time initial employer contribution, as well as a monthly dollar-for-dollar match up $25/month for employee only coverage, and $50/month for employee with dependent coverage.

Disability & Life Insurance

Omaha Track Equipment provides, at no cost to the employee, short term disability, long term disability, and life insurance to all eligible employees. Employees also have the opportunity to elect additional voluntary term life and voluntary AD&D insurance for themselves, as well as their spouse and/or children.

Employee Assistance Program (EAP)

Omaha Track Equipment provides all employees and their dependents EAP services at no cost. This includes short-term counseling, dependent care information and referrals, and legal and financial services, including consultations and referrals. Employees also have access to the EAP website which has a host of health and wellness resources and webinars.

Accident and Critical Illness Insurance

Omaha Track Equipment offers accident and critical illness insurance through Allstate Benefits. No one plans on having an accident or getting seriously ill, it happens unexpectedly. These coverages are designed to work with your existing health insurance, and company provided disability coverage. Both of these benefit options provide cash benefits paid directly to you to help you pay for out-of-pocket expenses and medical costs that your health insurance may not cover. They are portable, which means if your employment ends, you can take your coverage with you.