As of January 1, 2019

Health Plan

Healthcare coverage is provided through UnitedHealthcare and is offered to employees who work 20 or more hours per week, dependents up to age 26 and domestic partners. Three plans are available: EPO Base Plan, PPO Buy-up Plan and a High-Deductible HSA Plan. The plans allow the freedom to choose any physician, hospital or medical service provider or to utilize the network of service providers. Texas Biomedical is a tobacco-free campus and tobacco users pay $25 more per pay period for insurance coverage..

EPO Base Plan

Plan FeatureIn-Network (ChoicePlus)Out-of-Network
Emergency Only
Deductible$1,000 individual
$2,000 family
Co-insurance80% after deductible
Out-of-Pocket
(co-payments, co-insurance & deductible accumulate towards this out of pocket)
$4,000 individual
$8,000 family
Preventive Care100% (deductible waived)
Hospital Services80% after deductible
Emergency Services80% after $250 copay
Urgent Care Center (non-surgical)100% after $75 copay
Prescription Drug Coverage
(Mail order 2.5 x copays/90 days)
Tier 1—$10
Tier 2—$25
Tier 3—$50

PPO Buy Up Plan

Plan FeatureIn-Network (ChoicePlus)Out-of-Network
Deductible$500 individual
$1,000 family
$1,000 individual
$2,000 family
Co-insurance90% after deductible70% after deductible
Out-of-Pocket
(co-payments, co-insurance & deductible accumulate towards this out of pocket)
$4,500 individual
$9,000 family
$5,000 individual
$10,000 family
Preventive Care100% (deductible waived)70% after deductible
Hospital Services90% after deductible70% after deductible
Urgent Care Center (non-surgical)100% after $75 copay100% after $75 copay
Emergency Services80% after $250 copay80% after $250 copay
Prescription Drug Coverage
(Mail order 2.5 x copays/90 days)
Tier 1—$10
Tier 2—$25
Tier 3—$50
Tier 1—$10
Tier 2—$25
Tier 3—$50

High Deductible HSA

Plan FeatureIn-Network Only (ChoicePlus)Out-of-Network
Emergency Only
Deductible$3,000 individual
$6,000 family
Co-insurance100% after deductible
Out-of-Pocket
(co-payments, co-insurance & deductible accumulate towards this out of pocket)
$4,000 individual
$8,000 family
Preventive Care100% (deductible waived)
Hospital Services100% after deductible
Emergency Services100% after deductible
Urgent Care Center100% after deductible
Prescription Drug CoverageMeet deductible first and then copays apply

Vision

Vision coverage is provided through UnitedHealthcare and is offered under the same circumstances as healthcare. Texas Biomed pays 100% of the cost.

Dental

Dental coverage is provided by SunLife and is offered to employees who work 20 or more hours per week, dependents up to age 26 and domestic partners. The plan allows the freedom to choose any dentist or to use a network dentist. Two plans are offered, a Base Low plan and a Buy-Up High plan.

Vacation Time

  • Vacation time is prorated during first calendar year of employment and thereafter earned based on the following schedule:
    • 2 weeks per year during first 3 years
    • 3 weeks per year during 4th – 15th years
    • 4 weeks per year during 16th plus years
  • 1/24 of vacation accrual will be earned each pay period.
  • You cannot carry more than two years’ worth of earned vacation into a new vacation year.
  • Vacation hours in excess of the amount that you can carry into the new vacation year will be forfeited as stated in the Employee Handbook. Employees should examine their pay stub carefully each pay day to determine if they have vacation hours they may need to use or lose before the end of the calendar year.

Education

  • Texas Biomed provides reimbursement for covered educational expenses in order to encourage employees to further their education. Policy covers college courses and job related trade, technical or vocational school courses taken either in residence or through distance learning (on-line, etc.) provided the same criteria as residence courses is met.
  • You are eligible for the educational assistance program after 90 days of employment. You must submit your Supervisor approved request for tuition reimbursement to the Human Resources office before your first day of class. The Institute reserves the right to request proof of an institution’s accreditation prior to approval of the application. Proof of course completion and acceptable passing grade must be submitted before reimbursement is paid.
  • Reimbursement for college courses and required materials for full time employees will be up to a maximum of $5,250 per calendar year and part time employees a maximum of $2,625 per calendar year.
  • Courses DO NOT have to be related to your job.
  • You may also attend job-related training programs funded by your department with the approval of your supervisor and department chair/administrative director.

Retirement

  • Texas Biomed provides a defined contribution through a 403(b) plan (TIAA). The plan is available to all eligible employees immediately upon employment.
  • Texas Biomed contributes an amount equal to 7% of the employee’s gross pay each payday. The contribution increases to 8% after 5 years of service, and 9% after 10 years. Contributions and earnings will be 100% vested after 3 years of eligible service.
  • Texas Biomedical Research Institute Amended Retirement Plan and Trust [PDF].
  • Supplemental Retirement Annuity is optional for voluntary contributions. [PDF]- NEED

Life Insurance

  • Texas Biomedical provides basic life and AD&D at no cost to you through SunLife.
  • In the event of employee death, the plan would pay beneficiary a benefit of 2x an employee’s basic annual earnings (maximum $500,000) for natural death.
  • Accidental death insurance pays an additional two times an employee’s annual salary (maximum $500,000) for a total accidental death benefit of four times an employee’s salary.
  • Voluntary Life and AD&D is available.
  • Long-term disability is provided by SunLife at no cost. 66.67% of income will be replaced after 90 waiting period, paid monthly.
  • Voluntary short-term disability is optional and available 14 days after doctor places you on medical leave. Benefit duration is 11 weeks.
  • Voluntary Critical Illness, Accident and Home & Auto plans are offered by MetLife.

Holidays

The Institute has nine paid holidays a year.

New Year's DayTuesdayJanuary 1, 2019
Fiesta Battle of FlowersFridayApril 26, 2019
Memorial DayMondayMay 27, 2019
Independence DayThursdayJuly 4, 2019
Labor DayMondaySeptember 2, 2019
Thanksgiving DayThursdayNovember 28, 2019
Thanksgiving (Day after)FridayNovember 29, 2019
Christmas EveTuesdayDecember 24, 2019
Christmas DayWednesdayDecember 25, 2019

Paydays

Employees are paid 24 times a year on the 7th and 22nd.