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Optional Employee Benefits

TBR offers a wide range of optional or voluntary benefits to employees and their families . Optional benefits available include:

Deferred Compensation Plans

TBR employees are eligible for are three optional, tax-deferred retirement savings plans: a 457 plan, 403 (b) and a 401(k) plan. Compare the two plans here. If you choose to participate in either or both of these plans, you make contributions through regular payroll deductions.

You may obtain prospectuses and fund profile sheets for the available investment options from the program's Internet site at http://www.treasury.state.tn.us/dc

Flexible Spending Accounts

Flexible Spending Accounts (FSAs) to help you save money on your eligible medical and dependent care expenses. A Flexible Spending Account (FSA) is an IRS-approved, tax-free account that saves you money on eligible medical and dependent care expenses. By enrolling in Flexible Spending Accounts, you authorize per-pay-period deposits to your FSA from your before-tax salary. Then, as you incur eligible expenses, you request tax-free withdrawals from your account to reimburse yourself. There are two kinds of FSAs: a Medical Expense FSA and a Dependent Care FSA. If you incur both types of expenses, you can establish both accounts. You never have to pay federal or state income and Social Security taxes on the money you contribute to your FSA. Since you pay less in taxes, you have more spendable income. More information is available at http://www.myfbmc.com.  Enrollment Guide   Enrollment Form 

Long-Term Care

Long-term care is a variety of services provided when an individual is unable to take care of themselves without the assistance of others due primarily to an injury, chronic illness, advanced age or cognitive impairment. Long-term care insurance is provided through MedAmerica Insurance Company. More information is available on Benefits Administration’s Long-term Care Insurance Web page 

Long-Term Disability

Long-term Disability (LTD) benefits provide you with loss of income protection if you become disabled form a covered sickness or accidental bodily injury. There are three options to choose from: 

Elimination Period: This the period of time you must be disabled before benefits become payable.

  • Option 1: 180 Days
  • Option 2: 120 Days
  • Option 3: 90 Days

Benefit percentage/maximum & minimum monthly benefits differ depending on employment class.

  • Non-Exempt Employee Plan Details  (link)
  • Exempt Employee Plan Details  (link)

Optional Special Accident

For those employees who elect health coverage, basic term life and special accident coverage is provided at no cost. Also available, on a contributory basis, is optional special accident insurance for employees and dependents (spouse and children) in addition to the basic special accident death coverage.

Optional Term Life and Optional Universal Life Insurance

These programs are available on a contributory basis for all eligible employees and dependents (spouse and children) whether or not they participate in health coverage. The Optional Universal Life provides a death benefit, level premiums, a cash value account and policy loan provision. The Optional Term Life provides a lower cost pure death benefit product, but the premiums increase with age. Both optional life products offer advance benefit feature, which makes available part of the life insurance proceeds if an insured encounters a terminal illness.

Provident Life and Accident Insurance Company, an insuring subsidiary of UnumProvident Corporation of Chattanooga, Tennessee, underwrites both plans.

More information on the Benefits Administration’s Life Insurance web page.

Supplemental Insurance

The American Family Life Assurance Company of Columbus (AFLAC), offers policies that pay cash benefits to you for loss of earnings and other out-of-pocket expenses associated with an illness or accident. These cash benefits can be used to help fill the gaps in your primary health care plan. Policies offered to TBR employees include: Cancer, Accident, Hospital Indemnity, Personal Sickness Indemnity and Critical Illness. Click here to review these policies.

Vision Insurance

Eyecare and eyewear services are provided by VSP Vision Care.  For more information go to: http://tbrvision.com .

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