Benefit Costs

The pre-tax cost for the medical plans depends on the chosen plan option and the level of coverage selected.

Visit the medical web page to view all the details of each plan and the cost savings available provided with enrollment.

The pre-tax cost for the dental plan depends on the chosen plan option and the level of coverage selected.

Visit the dental web page to view all the details of each plan and the cost savings available provided with enrollment.

The pre-tax cost for vision plans depends on the chosen plan option and the level of coverage selected.

Visit the vision web page to view all the details of each plan and the cost savings available provided with enrollment. 

The cost of Flexible Spending Accounts (FSAs) and Dependent Care Reimbursement Accounts (DCRAs) will vary depending on the annual contribution amount you elect.  Because FSAs and DCRAs are funded through pre-tax payroll deductions, the cost is essentially reduced due to the tax savings. 

It’s important to note that while you contribute to FSAs and DCRAs, they may not directly “cost” anything in the traditional sense. Instead, they are a mechanism to set aside pre-tax dollars to cover eligible healthcare or dependent care expenses you expect to incur.

Any funds contributed to an FSA and DCRA that are not used by the end of the plan year may be forfeited, so it’s essential to carefully consider expected expenses when deciding how much to contribute.

Diversified provides one times your annual salary in life and accidental death and dismemberment insurance at no cost for all eligible employees. 

Additional coverage may be purchased up to $500,000 for you and your spouse.  Keep in mind, your total annual life insurance volume is the employer provided volume + your elected volume. Premiums for elected volumes are age rated as shown in the table below.  

Child life insurance is a $10,000 policy for one flat premium of $0.46 per pay period.  The policy may cover all eligible children. 

Estimate the cost of your elected life insurance volume with this formula: 

Bi-weekly premium = (Volume/$1,000)*age rate

Supplemental accident insurance coverage provides financial protection in the event of accidental injuries. It is designed to complement your health insurance coverage by providing additional financial support in the event of unexpected accidents. 

Visit the Voluntary Supplemental Insurance plans page to compare the plan options. 

Voluntary critical illness insurance is a type of supplemental insurance coverage that provides a lump-sum cash benefit if diagnosed with a covered critical illness or medical condition. This coverage is designed to help individuals cope with the financial impact of serious illnesses that may not be fully covered by traditional health insurance plans. 

Estimate the cost of your elected critical illness volume with this formula: 

Bi-weekly premium = (Volume/$1,000)*age rate

Visit the Voluntary Insurance plans page to view details of the plan’s coverage. 

Voluntary hospital indemnity insurance is supplemental coverage that provides financial protection for hospital stays due to covered medical conditions and/or accidents. It is designed to complement your health insurance by offering additional benefits to help cover out-of-pocket expenses associated with hospitalization.

Visit the Voluntary Supplemental Insurance plans page to compare the plan options. 

Identity theft Protection provides protection and credit monitoring for you and your family. It offers a range of features designed to help protect personal information and financial assets from identity theft and fraud, and provides white glove assistance should you become a victim of identity theft.

Visit the Identity Theft Protection page for full coverage details.