What is UTC Choice?
A flexible benefits program that gives employees the opportunity to choose from a variety of benefit plans and select the options that best meet their needs. The company provides the major share of the funding toward these plans, and depending on the coverage levels chosen, employees usually have a contribution. However, you actually receive credits back (this means additional money in your paycheck!) if you choose less than the company-provided levels.
The Flexible plans include:
- Comprehensive medical plan options covering medical services in a doctor's office or hospital, emergency care, prescription drugs, and mental health/substance abuse treatment
- Dental plans that help pay for a broad range of dental services, including 100% coverage for preventive dental care and a comprehensive plan option that includes restorative and orthodontia coverages
- Various levels of life insurance, including employee coverage up to 5 times annual salary and dependent life insurance
- Health care and dependent care flexible spending accounts, where employees can set aside TAX-FREE money to reimburse themselves for qualified expenses
- A long term disability plan giving employees three choices of income replacement in the event they are disabled
- Purchased vacation, a plan allowing employees to buy up to 5 days vacation in addition to their company-provided vacation
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