Benefits for Contractors

In today’s competitive staffing arena, benefits are critical elements for contract employees.
I firmly believe that quality benefits attract quality candidates and also provides a motivation force for contractor retention. As the employer, can offer the following Benefits to their contract employees. Contractors may choose any combination of these benefits. The majority of the benefits are pre-taxed payroll deductions.

Health Insurance: This is a national PPO Plan available to all contractors who work at least an average of 25 hours per week. Prescription coverage is included. The cost of the medical coverage is based on individual, employee and spouse, employee and child(ren), or family coverage.

Dental Insurance: Every employee has the option to elect dental insurance. This is a voluntary plan where the employee can choose to see any dentist. 100% of the usual and customary cost is covered for preventive procedures immediately, 80% for restorative procedures immediately, and 50% for major procedures after a 12-month waiting period. The cost to the employee is based on individual, employee and spouse, or family coverage.

Vision Insurance: This voluntary plan is available to all contractors who work at least an average of 25 hours per week. The vision plan includes savings on vision exams, frames, lenses, and contact lenses. A laser vision correction benefit is also included.

Life Insurance: This policy is available to all contractors who work at least an average of 20 hours per week. The contract employee may buy the life insurance in multiples of $10,000 up to $300,000, not to exceed six times their annual salary. Additional life insurance may be purchased for spouse and children. These policies are portable, meaning they can stay with the contractor even if he/she leaves the contractor.

Accidental Death and Dismemberment Insurance: Included in the above life insurance policy is AD&D coverage. If a covered employee loses their life caused by an accident, the life insurance amount will be doubled. If the covered employee loses their hand, foot, or sight of one eye caused by an accident, half of the life insurance amount will be paid. If the covered employee loses two of the above caused by an accident, the life insurance amount will be doubled.

401(k) Savings Plan: Each Contracting employee has the option to join our 401(k) Savings Plan at the end of six months of continuous employment. The employee can contribute up to 90 percent of their weekly salary up to the 2005 maximum of $14,000 ($18,000 if age 50+)


Disability Insurance: Eligibility is determined by the insurance company. Disability benefits can be payable if the employee has a non-work related accident or illness and is unable to work. Benefits range from $700 to $3000 per month, depending on the employee’s monthly income. The length of the benefit can range from three months to 24 months and the waiting period for the benefit can range from 0 to 90 days. These three variables determine the cost of this benefit to the contract employee. This policy is portable, meaning it can stay with the contractor even if he/she leaves Contracting’s employ.

Personal Accident Insurance: This option is available to all active employees. This policy is designed to help cover the expenses associated with an accidental injury. This policy pays the employee directly, regardless of any other insurance they may have. The cost to the employee is based on individual, employee and spouse, employee and child(ren), or family coverage.

Voluntary Indemnity Plan: This option is available to all active employees. This policy is designed to help cover expenses associated with hospital confinements, surgery, ambulance services, heart attack, stroke, coma, and paralysis diagnoses. This policy pays the employee directly, regardless of any other insurance they may have. The cost to the employee is based on individual, employee and spouse, employee and child(ren), or family coverage.

Cancer Protector Plan: This option is available to all active employees. This policy is designed to help cover expenses associated with cancer diagnosis. Payable benefits include a first occurrence benefit, radiation and chemotherapy, hospital confinement, experimental treatment, nursing services, and prosthetic device benefits. This policy pays the employee directly, regardless of any other insurance they may have. The cost to the employee is based on individual, employee and child(ren), or family coverage.

Intensive Care Protection Plan: This option is available to all active employees. This policy is designed to help cover expenses associated with confinement in a hospital intensive care unit (ICU). Benefits include a sub-acute intensive care unit benefit, human organ transplant benefit, and ambulance benefit. This policy pays the employee directly, regardless of any other insurance they may have. The cost to the employee is based on individual, employee and spouse, employee and child(ren), or family coverage.