1. finance
2. personal finance
3. insurance
4. health insurance

Active, full-time associates working at least 30 hours per week
are eligible for benefits.
Cadence Bank offers a comprehensive
benefits lineup that provides associates
the opportunity to design their own
benefits program to keep benefits in
sync with their needs as well as the
needs of their families. The information
contained in this document is meant to
give you an “At-A-Glance” look at
available benefit plans and essential
details to get you started in
determining the best fit for you.
Health Insurance Plans
Cadence Bank offers three PPO health plans for you to choose from.
They are all administered by Blue Cross and Blue Shield of Alabama.
BCBS CDHP Premier Plan
BCBS CDHP Core Plan
BCBS Base Plan
A Consumer Driven Health Plans (CDHP) offer lower premiums than
the Base Plan, but deductibles and co-insurance amounts are higher.
For a comparison of the three available plans, please refer to the
chart below. Coverage is effective the first day of the month
following your date of hire.
2015 Health Plan In-Network Deductible/Co-Insurance Comparison
In-Network Benefits
BCBS Base Plan
BCBS CDHP Core Plan
BCBS CDHP Premier Plan
Calendar Year Deductible
$750 Individual
$2,250 Family
$1,300 Individual
$2,600 Family
$2,850 Individual
$5,650 Family
Calendar Year Out of Pocket
Maximum
$3,500 Individual
$10,500 Family
$2,500 Individual
$5,000 Family
$4,725 Individual
$9,400 Family
Office Visits
$35 Copay-Primary
$50 Copay-Specialist
80% after annual deductible is
met
80% after annual deductible is
met
Co-Insurance
90% after annual deductible is
met
80% after annual deductible is
met
80% after annual deductible is
met
Routine Preventive Care
100% not subject to deductible
100% not subject to deductible
100% not subject to deductible
Prescription Drug Card

After annual deductible is met:
After annual deductible is met:






Generic - $15 copay
Separate $150 annual deductible
per person per calendar year
(Preferred Brand and Other Brand
Drugs)
Premium Tiers

Preferred Brand - $60
copay


Other Brand - $90 copay
Specialty - $125 copay
Semi-Monthly Payroll
Deduction
Generic – 80%
Preferred Brand – 60%
Other Brand – 60%
Generic – 80%
Preferred Brand – 60%
Other Brand – 60%
Semi-Monthly Payroll
Deduction
Semi-Monthly Payroll
Deduction
Individual
$72.50
$55.00
$37.00
Individual + Spouse
$179.00
$119.00
$82.00
Individual + Child
$161.00
$97.50
$66.00
Family
$227.00
$167.50
$113.00
Dental Insurance
Vision Insurance
Administered by Delta Dental Insurance Company
Coverage is effective the first day of the month
following your date of hire.
Administered by VSP, In-Network Benefits below
Coverage is effective the first day of the month following your date of hire.
Benefit
Description
Copay
Frequency
Benefits and Covered
Services
In-Network
Out-ofNetwork
Diagnostic &
Preventative Services
Exams, cleanings, x-rays,
sealants
100% of
Network Fee
Schedule*
100% of
UCR**
Basic Services
Fillings, simple tooth
extractions, denture
repair, endodontics
(root canals), nonsurgical periodontics
80% of
Network Fee
Schedule*
80% of
UCR**
Major Services
Oral surgery, crowns,
inlays, onlays, cast
restoration, bridges,
dentures, and surgical
periodontics
50% of
Network Fee
Schedule*
50% of
UCR**
Orthodontia for
Dependent Children
50% of
Network Fee
Schedule*
Annual Deductible
Single/Family
Exam
Well Vision exam focusing
on your eyes and
wellness
Prescription
Glasses
Frame: $130 allowance,
20% off amount over
allowance
Benefit
Lens Options
$25
Description
Allowance
Standard progressive
lenses
Custom progressive
lenses
$50/$150
Annual Maximum
Benefit
$1,500
Orthodontia Lifetime
Maximum (covered
dependents up to age
19)
$1,000
Semi-Monthly Payroll Deduction Amount
Contacts
(instead of
glasses)
Every calendar
year
Every calendar
year
$80-$90
$120-$160
Contact lens exam (fitting
and evaluation)
$150 allowance for
contacts; copayment
does not apply
Every calendar
year
Up to $60
Semi-Monthly Payroll Deduction Amount
Individual
$3.54
Individual + 1 Dependent
$7.08
Family
$11.39
$10.34
Individual + Spouse
$24.12
Individual + Child(ren)
$26.08
Employee Assistance Program
Family
$42.78
Administered by New Directions
**UCR Fee refers to the Usual, Customary and Reasonable (UCR)
charge, which is based on the lowest of (1) the dentist’s actual
charge, (2) the dentist’s usual charge for the same or similar
services, or (3) the charge of most dentists in the same geographic
area for the same or similar services as determined by Delta
Dental.
Frequency
$50
Individual
*Network Fee Schedule refers to the fees that Delta Dental PPO
and Premier providers have agreed to accept as payment in full,
subject to any co-payments, deductibles, cost sharing and benefit
maximums.
Every calendar
year
Every other
calendar year
Lenses: Single vision,
lined bifocal, and lined
trifocal lenses,
Polycarbonate lenses for
dependent children
Premium progressive
lenses
50% of
UCR**
$10
The Cadence Bank EAP program is a confidential assessment, short-term
counseling and referral service for all regular associates and their eligible
dependents that need help in areas including: Marital and Family Issues,
Alcohol and Other Drug Dependency, Stress Related Issues, Financial/Legal
Referrals, Emotional Problems, and Personal Growth. All counseling
offered through the EAP is provided at no cost to you up to 6 sessions a
year.
Flexible Spending Accounts (FSA)
Life Insurance
Administered by Liberty Mutual
Coverage is effective with date of hire.
Cadence Bank provides
associates with Basic Life
and Accidental Death &
Dismemberment
insurance at 2X their
annual salary, rounded to
the next highest $1,000.
Voluntary Term Life
Insurance is available for
you to purchase for
yourself, your spouse
and/or your children.
Disability Insurance
Cadence Bank provides
associates with Basic
Long-Term Disability
Insurance. The maximum
monthly benefit is equal
to 60% of salary, up to
$10,000.
If 60% of your monthly
salary exceeds $10,000,
you may be eligible to
purchase additional LongTerm Disability coverage
to increase your monthly
benefit up to a combined
maximum of $15,000.
Short-Term Disability
insurance is available for
you to purchase and it
provides a maximum
weekly benefit of 60% of
your salary up to $1,000
per week for a maximum
benefit period of 13
weeks.
Administered by TASC
Coverage is effective the first day of the month following your date of hire.
A Flexible Spending Account allows you to set aside pre-tax dollars to pay for
eligible health care and dependent care (daycare) expenses. In 2015, you may
contribute up to $2,550 into a Health Care FSA and/or $5,000 into a Dependent
Care FSA. TASC also offers the following:
TASC Visa Prepaid Card enabling access to FSA funds at the point of
purchase
TASC mobile app allowing the user to check their FSA balance, request
reimbursements, and check the status of reimbursement all from your
smart phone
Health Savings Account (HSA)
Coverage is effective the first day of the month following your date of hire.
Associates electing a Consumer Driven Health Plan (CDHP) are eligible to contribute
to a Health Savings Account. An HSA is similar to a Health Care FSA but offers so
much more. Payroll contributions are withheld on a pre-tax basis but the following
features are only available through an HSA:
Can be used as a long-term savings vehicle for medical expenses in
retirement
You own the account – it’s fully portable (like an IRA)
2015 Annual Contribution from $3,350/single to $6,650/family with
additional $1,000 annual catch-up contribution allowed for participants age
55-65
Year-end balances carry over from year to year
Cadence will be contributing seed money (pro-rated based on date of hire) to an HSA
for those associates electing a CDHP in 2015.
Cadence Bank 401(k) Plan
Administered by Fidelity
Associates (age 21 and older) are eligible to participate in the Cadence Bank 401(k)
Plan. Associates can contribute from 1% to 50% of eligible compensation. The
maximum dollar amount that can be contributed is $18,000.00 for 2015.
Cadence will match 100% of the first 3% in eligible compensation deferred and 50%
of the next 2% in eligible compensation deferred. The match is 100% vested
immediately.
Associates that are age 50 or over can contribute an additional $5,500.00 annually as
a catch-up contribution.
Cadence Bank Benefit Time Information
Vacation Policy
Full-time associates earn vacation based on the following guidelines:
Calendar Service Year
Non-Exempt
Exempt
Up to 5 years
10 Days
15 Days
5 to 15 years
15 Days
20 Days
15 or more years
20 Days
20 Days
Part-time associates who are scheduled to work 20 or more hours weekly are
eligible to earn one-half of the stated guidelines.
Cadence Bank
Holiday Schedule
Cadence Bank observes the
following holidays:
New Year’s Day
Martin Luther King, Jr.
Day
President’s Day
Memorial Day
Associates at the Vice President level and above are eligible for 20 days of
vacation per calendar year.
Associates hired prior to September 1st are eligible to receive vacation based on
each full month of employment worked. Associates hired after September 1st
are not eligible for vacation until January 1st of the following year.
Independence Day
Labor Day
Columbus Day
Veteran’s Day
Thanksgiving Day
Christmas Day
Sick Time Accrual
Full-time associates who are scheduled to work 30 or more hours per week will
be awarded one day of sick time per month, with a maximum accrual of 65
days.
Part-time associates scheduled to work 20 or more hours per week will be
awarded ½ day per month, with a maximum accrual of 32.5 days.
In addition to the above
holidays, Cadence Bank also
grants one floating holiday per
calendar year to all associates
who are employed prior to
January 1st.
Cadence Bank recognizes that we have a responsibility to the communities we serve. Many of our associates are leaders in
these communities, serving on boards, working with non-profits, volunteering much of their personal time to call attention
to causes or support civic organizations. The Cadence Cares program encourages associates to perform local volunteer work
– one day per calendar year, with pay – to support an organization or cause that contributes value to the community.
Eligible associates include full-time and part-time associates who have been employed at least 90 days (Cadence Cares day is
pro-rated for part-time associates).
The above is a summary of the Cadence Bank Benefits Plans, and is not intended to be a complete summary of plan terms and
conditions. Please refer to the Cadence Bank Benefits Guide along with plan documents for more specific information. In the event of
a question, the plan documents govern all benefits and terms of the programs.