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Important message from Debbie Dover about FY19 pay increase

This is a message from Debbie Dover, our Ballad Health SVP, talent engagement and chief HR officer Dear Colleague: As the calendar changed to July 1, it also signaled the start of fiscal year 2019 – our first full fiscal year together as Ballad Health. I would like to give you an update on a few issues I hope will be helpful to you. First, I’m pleased to announce that the Ballad Health board of directors has approved a 2% annual pay increase for team members in FY19. Given the significant reimbursement challenges and declining inpatient utilization rates for hospitals, this increase is being made possible due to improved productivity and reductions in team member turnover. As in past years, your increase will be applied at the time of your annual performance evaluation. Also during fiscal year 2019, you can expect to see a few other beneficial changes: To support your career development, you can…

July 1, 2018 – What does that mean for team member benefits?

July 1 marks the beginning of the new fiscal year and the effective date of the new Ballad Health benefits. Benefits selected during open enrollment this past May begin on this date.  Any benefit-eligible team members who did not complete the online open enrollment will only have EAP, basic life insurance, basic AD&D, and long-term disability option 1. These are the benefits paid by Ballad Health. No premiums will be deducted from your paycheck. MEDICAL – The Ballad Health Choice and Ballad Health Bronze plans begin on 7/1/18 and all deductibles and out-of-pocket accumulators start over. BlueCross BlueShield of TN mailed new cards to all subscribers. Those with individual coverage will receive one (1) card with their name on it. Those covering dependents will receive two (2) cards but each card will only have the subscriber’s name. The covered dependents are listed on the card holder. For additional cards, you may call BCBST at 800-565-9140….

Here’s what you need to know about our Ballad Health wellness program

The team member wellness program is an important part of Ballad Health’s benefits package. If you select the Ballad Health Choice Plan for your medical insurance, you can get a significant savings on your premiums by participating in our voluntary wellness plan. But more importantly, it can lead to better health – and a happier life – for you! This fits with Ballad Health’s mission to improve the health of our region, and it makes sense to start with ourselves. The wellness program encourages making healthy lifestyle choices and rewards team members who follow through with the plan. It’s simple and we’ve tried to make it as convenient as possible for all team members.   HOW DOES IT WORK? If you picked the Choice Plan, how much you’ll pay in insurance premiums will be determined by whether or not you do the wellness program, and whether or not you use tobacco. If you don’t use…

Important details about open enrollment and our Ballad Health benefits packages

Open enrollment is May 16-31, and all benefit-eligible Ballad Health team members must re-enroll in order to have benefits for the coming fiscal year.  FY19 runs from July 1, 2018, through June 30, 2019. No benefits will roll over from last year with your legacy system, so team members must participate in open enrollment or they will lose their benefits starting July 1. The Ballad Health benefits plan is a combination of elements from both Wellmont and Mountain States, building on the existing strengths of both systems. We value our team members and we want to provide a package that makes good health and quality medical care as accessible as possible. Please take time to review all the choices you have as a Ballad Health team member! Eligibility note: You are eligible to participate in the Ballad Health benefit plans if you work at least 30 hours per week or more and are classified in…

Choice of Lincoln Financial as Ballad Health’s retirement plan provider means direct savings to team members

Dear team members: You’ve been hearing for many months about the benefits of our merger into Ballad Health, and today I’m excited to let you know about a benefit our team members are going to feel directly. We’ve selected our Ballad Health retirement plan provider – Lincoln Financial Group, effective July 1, 2018 – and this choice will result in a savings to our team members of more than $700,000 a year in recordkeeping and administrative fees. That means more of the money you contribute each paycheck to your retirement plan will go directly into your retirement savings, and less of it will be spent on administrative fees. This will be reflected in your quarterly statements once we make the transition on July 1. Neither Wellmont nor Mountain States was able to obtain such favorable administrative fees alone, but together as Ballad Health, we can. We’re pleased that this synergy can directly benefit t eam…

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