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Health and Retirement Benefits

Medical Benefits

A tobacco-user surcharge has been added to the medical plans effective January 1, 2011. If you or a covered family member uses tobacco products and elects a medical plan, a surcharge will be included in the bi-weekly premium.
  • Aetna Choice POS II Plan

    This plan option pays 100% for most covered services after a co-payment of $20 or $30. There will be a payment limit for preferred care. The payment limit is the most you are required to pay out of your own pocket for covered expense in a calendar year. The preferred payment limit will be $2,000 for an individual and $4,000 for a family. After this limit is reached, the plan pays covered expenses at 100% for the rest of the calendar year. Provider referrals are not required for office visits and members are not required to designate a primary care physician. The POS II option also offers the flexibility of out-of-network benefits after the annual deductible ($800 individual/$1,600 family) has been satisfied. The plan will pay 60% after the deductible has been met for out of network services.

    In-Network
    • $400 individual/$800 family deductible for hospital care
    • Preventive Care Services: 100%, no copay
    • Office Visits: 100% after $20 copay; $30 for specialist
    • Hospitalization: Inpatient - 80% after deductible and $250 per-confinement copay up to $2,000 maximum (individual) or $4,000 maximum (family)
    • Hospitalization: Outpatient - 80% after deductible and $100 outpatient surgery copay up to $2,000 maximum (individual) or $4,000 maximum (family). Deductible waived.
    • Emergency Room Visit: 100% after $100 copay (waived if admitted)

    Prescription Drugs - up to a 30-day supply
    • Generic drug $10 copay
    • Formulary brand-name drug $35 copay
    • Non-Formulary brand-name drug $60 copay

    (Out-of-network prescriptions covered at 50% after copay)

    Mail Order - up to a 90-day supply
    • Generic drug $20 copay
    • Formulary brand-name drug $70 copay
    • Non-Formulary brand-name drug $120 copay

  • Aetna Choice POS II CONSUMER PLAN

    This is an innovative medical plan that gives you greater control over your health care expenditures. Contributions are lower under this plan; you pay more out-of-pocket for the health care services you receive. The plan pays 80% for most covered services in-network after the deductible, and the member is responsible for the 20% coinsurance. The plan will pay an out-of-network benefit of 60% after the annual deductible ($2,600 individual/$5,200 family) has been satisfied. There is an annual out-of-pocket maximum of $5,400 individual/$10,800 family for out of network services.

    In-Network
    • Annual Deductible: $1,300 individual/$2,600 family
    • Preventive Care Services: 100%, no deductible
    • Office Visits: 80% after deductible
    • Hospitalization: 80% after deductible
    • Emergency Room Visit: 80% after deductible
    • Prescription Drugs: 80% after deductible
    • Mail Order: 80% after deductible
    • Annual Out-Of-Pocket Maximum: $2,700 individual/$5,400 family
  • Health Savings Account (HSA)

    This is a tax-advantaged account used to pay for qualified medical expenses or save for future health care expenses. E*TRADE FINANCIAL will contribute $500 into your Health Savings Account if you elect to contribute a minimum of $120 for the year. The maximum allowable total contribution is $2,550 for individual and $5,650 for family. Unused funds in the account will rollover at the end of the year and are portable if you leave E*TRADE FINANCIAL. Contributions made through payroll deductions are pre-tax and the money in the account earns interest. Participation in the HSA is only available to employees enrolled in the Aetna Consumer Plan.

  • Dental Benefits
    Basic Dental
    Preventive care is paid at 100% with no deductible. Other in-network services are subject to an annual $50.00 deductible ($150.00 per family) and reimbursed at 80% except for major services, which are reimbursed at 50%. The annual maximum benefit is $1,500 per participant. There are no orthodontia benefits under this plan. You have the freedom to see the dentist of your choice. If you select a participating MetLife provider, your out-of-pocket expense will be lower.

    Premier Dental
    Preventive care is paid at 100% with no deductible. Other in-network services are subject to an annual $50.00 deductible ($150.00 per family) and reimbursed at 80% except for major services, which are reimbursed at 50%. The annual maximum benefit is $2,000 per participant. Orthodontia for adults and children are reimbursed at 50% with lifetime maximum payment of $2,000. You have the freedom to see the dentist of your choice. If you select a participating MetLife provider, your out-of-pocket expense will be lower.
  • Vision Benefits
    Every calendar year your vision benefits will allow an eye exam for a $20 copay. The plan allows for glasses or contact lenses every 12 months with an enhanced benefit for a second pair of glasses or contact lenses every 12 months provided from a VSP participating provider.
  • 401(k) Benefits
    Effective on your date of hire, you are automatically enrolled in the 401(k) plan at a 3% pre-tax contribution which will automatically be deposited into the Dodge & Cox Balanced Fund. You may contribute up to a maximum IRS limit of $16,500 for 2011. E*TRADE FINANCIAL will match employee contributions at 50% up to the first 5% of your contribution (up to a maximum of 2.5% contribution rate) immediately upon participation in the plan. The company match vests over 3 years as follows: 20% after one year of service, 60% after two years, and 100% after three years.
  • Other Employee Benefits
    Short-term Disability
    At no cost to you, this plan will pay 60% of your pre-disability earnings up to $1,800/week should you suffer an injury or illness, which prevents you from working. This benefit lasts for up to 90 days and is integrated with any other disability benefits you may receive such as state disability benefits. Short term disability benefits are considered taxable benefits.

    Long-term Disability
    At no cost to you, after 90 or more calendar days of partial or full disability, this benefit insurance will pay 66-2/3% of your pre-disability earnings up to $10,000 per month, less any benefits you may be receiving such as state disability, social security, etc. Benefits may continue to age 65 and are considered taxable income.

    Basic Life Insurance
    1x Annual Salary term life and accidental death and dismemberment insurance at no cost to you.

    Voluntary Life
    An employee may purchase optional term life insurance coverage in the amounts of 1x, 2x, 3x, 4x, and 5x the employee's salary. The amount of coverage an employee may purchase for his/her spouse is $10,000, $25,000, $50,000, $125,000 or $250,000. The amount of coverage for an employee's spouse cannot exceed 50% of the approved optional employee coverage. Coverage for child(ren) is $5,000 or $10,000.

    An Evidence of Insurability (EOI) form is required and subject to approval if:
    • As a new hire you elect 4x or 5x salary or if the coverage exceeds $500,000
    • As a new hire the coverage you elect on your spouse exceeds $50,000
    • During Open Enrollment you increase your coverage by more than one level up to the Guaranteed Issue Amount (GIA) which is the lesser of 3x salary or $500,000
    • You are not currently enrolled in optional life insurance for yourself or your spouse and elect any amount of coverage

    The maximum amount of Basic and Optional employee life insurance cannot exceed $2,000,000.

    Hyatt Legal Services
    The legal plan gives you your own "attorney on retainer". The plan allows you to call a plan lawyer for quick advice. The plan covers both phone and office visit consultations.

    Flexible Spending Accounts
    You may reduce your salary on a pre-tax basis to pay for up to $5,000 in annual child care expenses by participating in the Dependent Care Flexible Spending Account. You may also participate in the Health Care Flexible Spending Account to an annual maximum of $4,000 in pre-tax contributions for payment of IRS approved health care expenses. Not eligible to participate in the HC FSA option if you are enrolled in the Aetna Choice POS II CONSUMER plan. However, you will be eligible to participate in the Health Savings Account (HSA) plan.

    Tuition Reimbursement
    Employees may receive reimbursement for pre-approved college courses after the completion of the course(s) with an official grade report or certificate. The percentage of reimbursement will be based upon the grade received. Employees are eligible for this benefit following their 6th month of employment.

    Licensing Training
    Depending on your current job, you may be eligible for company sponsored training to take the Series 7 or other licensing exams.

    Employee Assistance Program
    E*TRADE Financial offers an Employee Assistance Program (EAP) for you and your family members. This service is completely confidential and available 24/7 at no cost to you. LifeWorks Online allows you access to information, resources, and personal support whenever you need it. In addition, the service allows telephonic consultation and up to three face-to-face sessions.

    Employee Discount Program
    E*TRADE FINANCIAL has partnered with various companies to provide employees access to promotions and discounted offerings on a wide range of products and services. Products and Services are offered through our own internal employee store.


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Investment Products:
Not FDIC Insured No Bank Guarantee May Lose Value

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Securities products and services offered by E*TRADE Securities LLC, Member FINRA/SIPC. Commodity futures products and services offered by E*TRADE Futures LLC, Member NFA. E*TRADE Securities LLC and E*TRADE Futures LLC are separate but affiliated companies.

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