Insurance
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Medical Insurance
Residents are insured by Exclusive Plan Option with Basic Prescription Plan.
Medical Insurance is provided by Palmetto Health for you. Inpatient hospital services are covered at 85 percent after $500 co-pay if services are provided by Palmetto Health Richland or Palmetto Health Baptist. Outpatient services are covered at 85% with $500 deductible. Diagnostic and laboratory charges are paid at 100% if services are provided at Palmetto Health Richland or Palmetto Health Baptist.
Hospice care provided at 100% no deductible with a $20,000 maximum limit. Home Health Care is 80% after a $500 deductible.
Routine and preventative services are paid at 100% after $20 co-pay when using a Premier Network provider. Well-baby care also is covered at 100% after $20 co-pay when using a Premier Network provider. Mental/nervous and substance abuse services are also provided. Inpatient mental/nervous services are covered at 85% after $500 co-pay at Palmetto Health Richland and Palmetto Health Baptist. Outpatient mental health covered at 100% after $20 co-pay when using a Palmetto Health Provider. If using a Premier Network provider, services are covered at 80% after a $500 deductible.
The out-of-pocket maximum (excluding deductible and co-pays) are $2,500 for an individual and $6,000 for family — after which, all covered expenses are paid at 100% for the remainder of the year. The lifetime maximum benefit is $1 million.
Prescription Drug Program
The Basic Prescription Plan is automatically included with the Exclusive Plan Option. A $100 deductible must be met in order for prescriptions to be paid at 80%. The $100 deductible is shared with the Mail Order Program. The deductible is not shared among family members. Each family member must meet the $100 deductible in order for prescriptions to be paid at 80%. The Retail Drug is a 30-day supply and the Mail Order Program is a 90-day supply.
Dental Insurance
"Low option" dental coverage is provided to you by Palmetto Health.
Preventative services (cleanings) are covered at 80 percent with no deductible. Routine services (fillings) are covered at 80 percent after a $70 annual deductible has been met. Major services (bridges) are covered at 50 percent after a $70 annual deductible has been met. The annual maximum insurance payment is $500 per person. "High option" coverage, which includes orthodontic coverage for you and your dependents, may be purchased for you and your dependents through payroll deduction. Deductibles are waived at the Palmetto Health Dental Clinic.
Vision Insurance
Vision coverage on exams, eye glasses, frames and contact lenses is provided by Palmetto Health for you at discounted group rates through payroll deduction.
Short-Term Disability Insurance
Short term disability coverage begins after a 3-day elimination period. The benefit amount is 50% of basic income and the maximum benefit period is 13 weeks.
Long-Term Disability Insurance
After 90 days of continuous employment, you are provided with a long-term disability insurance plan. The plan includes an elimination period of 180 days and is designed to pay you 100% (monthly maximum $3,000) of your income to age 65. The plan is completely funded by Palmetto Health. Also, when you complete your residency you may continue the plan on an individual basis at the same low rate.
Life Insurance
A basic term life policy with a one-times-your-annual-base salary benefit is provided at no cost by Palmetto Health. You may purchase additional coverage of one or two times your annual base salary at discounted group rates. A dependent term life policy with a $5,000 benefit also is available. These policies may be paid through payroll deduction.
Malpractice Insurance
Your malpractice insurance is provided by Palmetto Health while you are participating in the Palmetto Health Graduate Medical Education Program. Palmetto Health will assist you in obtaining additional insurance if needed for moonlighting purposes, and the premium may be payroll deducted for six months.