Layne Christensen Company Offers Valuable Benefit Options to Employees

ELIGIBILITY

  • All full-time salaried exempt, non-exempt and hourly non-union employees working at least 20 hours per week are eligible to elect health and welfare benefits
  • Employees are eligible to elect benefits effective the first of the month following 30 days of employment
  • Coverage is available to all eligible dependents and eligible children to age 26

CONSUMER-DRIVEN HEALTHCARE PLAN AND HEALTH SAVINGS ACCOUNT

  • Consumer-driven healthcare plan offers an in-network deductible of $2,000 for single coverage and $4,000 for family coverage through Blue Cross Blue Shield of Texas.
  • Employees pay 100% of medical expenses until the deductible is met and 10% co-insurance until out of pocket maximum is reached. After that Layne will pay 100% of covered expenses (excluding emergency room visits) for the rest of the year
  • Preventive care expenses are covered at 100% before the deductible has been met.
  • Health plan offers employees the option to participate in a Health Savings Account allowing individuals to set aside pretax dollars to help offset unreimbursed medical expenses.
  • Layne also offers a contribution matching program to help eligible employees put money into the HSA and aid in offsetting some of the cost to the employee. Layne matches $1 for $1 up to 50% of the annual deductible ($1,000 for single and $2,000 for family).

DENTAL INSURANCE THROUGH DELTA DENTAL OF KANSAS

  • There is a calendar year deductible of $50 single/$150 family, but preventive services (exams, x-rays, etc.) are not subject to this deductible
  • Preventive and basic services (oral exams, cleanings, fillings) are covered at 80%, while major services (crowns, root canals, etc.) are covered at 50% of the cost

VISION INSURANCE THROUGH VISION SERVICE PLAN (VSP)

  • Plan covers in-network services at 100% after a $10 exam and $25 materials copay.
  • Laser vision correction surgery options are also available.

LIFE, AD&D, AND DISABILITY INSURANCE OPTIONS

  • Basic life and Business Travel Accident are provided at no charge to the employee.
  • Supplemental and dependent life are available as well as accident, critical illness and additional accidental death and dismemberment insurance are offered as an employee-paid option
  • Layne pays for long-term disability insurance and offers short-term disability as a voluntary option

401(K)

  • Employees are eligible to participate in the 401(k) plan following 90 days of employment.
  • Layne offers several matching options that include an exact match of annual salary deferrals between 1% and 3%, a 3.5% match on 4% deferrals and a 4% match on deferrals of 5% or more.

OTHER KEY BENEFITS OFFERED BY LAYNE

  • Flexible Spending Account options including dependent care
  • Discounted rates on automobile and homeowner insurance coverage through MetLife
  • Prepaid Legal Services
  • Identity Theft Plan Services
  • Nine paid holidays per year

*This is a summary and does not include all coverage detail and eligibility information for Layne Christensen Company. Please see your Human Resources representative for more details on these benefits.