employee health benefits

SHORT-TERM DISABILITY

The company provides employees with disability coverage through Aetna at no cost to the employee. Effective after three months of employment, all employees regularly scheduled to work at least 30 hours per week receive this benefit. It becomes payable on the eighth day of absence due to non-work related injury or illness.

Short-term disability benefits pay eligible non-exempt employees up to 60% of their weekly pay for up to 26 weeks. The plan also continues 100% salary for eligible exempt employees for up to 26 weeks.

LONG-TERM DISABILITY

In case of disabilities continuing after 26 weeks, DLO also provides each eligible employee with long-term disability insurance. This benefit is paid on a monthly basis as long as the employee is disabled, up to age 65 (later if the disability begins after age 60). Payments equal 60% of the employee's monthly pre-disability earning, up to $15,000 per month. Effective after three months of employment, this benefit is provided to all employees regularly scheduled to work at least 30 hours per week.

LIFE INSURANCE

DLO pays for base life insurance, AD&D, and business travel accident insurance coverage for eligible employees at no cost to the employee. The amount of base life insurance equals 3 times the annual base pay for Exempt employees and 11/2 times the annual base pay for Non-Exempt employees. Employees may purchase supplemental life and AD&D insurance up to 2 times their annual base pay. Coverage is effective after one month of employment for all employees regularly scheduled to work at least 30 hours per week.

EMPLOYEE ASSISTANCE PROGRAM

Free counseling services are provided to all employees and their family members through Employee Advisory Resource (EAR). A toll-free number 1-800-328-1952 is available 24 hours a day, 365 days a year, to connect you with a professional counselor.

EDUCATIONAL ASSISTANCE

After six months of employment, DLO reimburses tuition paid by employees regularly scheduled to work at least 30 hours per week for pre-approved, job/career related courses taken at an accredited institution. Full reimbursement of eligible expenses (tuition) is provided for two courses per semester. Reimbursement is subject to a "B" grade or above.

OTHER BENEFITS

Employees may also use the following programs to their advantage:

• Access to a range of MetLife employee paid programs. These include insurance for Long Term Care, Veterinary Pet Care, Legal Services, Dependent Life, Auto, and Homeowners/Renters coverage and Financial Management consulting.
• Adoption Assistance
• Matching Gifts to selected non-profit organizations
• Health Risk Assessments
• Discounted purchase programs for products and services, including phones, movie tickets and cars.

PRE-TAX SAVINGS PLAN (THE 401(K) PLAN)

After completing one month of service, DLO employees may invest up to 35% of their pre-tax income in any one, or a combination of over 15 available, investment options with Fidelity Investments. The available options include investment funds, lifecycle funds, and a company stock fund. After 12 months of service, the company matches employees' contributions, dollar for dollar, up to 6%. This match is non-forfeitable, i.e., fully vested, at all times

EMPLOYEE STOCK PURCHASE PLAN (ESPP)

DLO employees may purchase Quest Diagnostics Incorporated stock each calendar quarter, at a cost of 95% of the market price at either the beginning or end of that quarter, whichever is lower. From each paycheck, a minimum of $10 and a maximum of 10% of the employee's pay may be invested. Through a quarterly enrollment, The ESPP is available to employees regularly scheduled to work at least 20 hours per week. Dividends paid on purchased stock are automatically reinvested.

VARIABLE COMPENSATION PLANS

Through the Company’s Goal Sharing Plan, employees are recognized and rewarded for the continuous improvement of their organization. This plan is paid via direct deposit once annually to all eligible regular full time, part time and on call employees with more than six months of service. Eligible earnings do not begin to accrue until after six months of service. Management Incentive Plan (MIP) eligible employees and sales personnel participating in variable compensation plans are rewarded under separate incentive compensation plans. Details of these plans are outlined in the relevant plan.

FLEX SPENDING ACCOUNT

Employees use an FSA to set aside (through pre-tax payroll deductions) up to $5,000 per account for expenses related to eligible health care or dependent/child care. Employees regularly scheduled to work at least 30 hours per week are eligible to participate in these accounts after one month of employment.

HEALTH & DENTAL INSURANCE

DLO is pleased to offer employees the opportunity to enroll in a Consumer-Directed Health Plan, choosing between Lumenos and the Aetna Choice POS II Medical Plan.  We are committed to supporting our workforce by covering over 80% of the premium for these health plans.

Employees who are regularly scheduled to work at least 30 hours per week are encouraged to participate in one of our comprehensive medical or dental plans.  We also welcome eligible dependents, including qualified domestic partners, to enroll in Lumenos or Aetna Choice POS II Medical Plans.  Coverage will begin in the first month that coincides with or follows one month of employement, ensuring a smooth transition to your health benefits.

Additionally, we offer the Dental PPO coverage as a stand-alone plan, allowing you the flexibility to purchase it independently from medical insurance.  We are dedicated to providing valuable options for your health and wellness needs.