Total Annual Cash Compensation
Under the Medical Plan, Total Annual Cash Compensation (TACC) is used to determine your Medical Plan contribution pay tier, the annual deductible, copayments and the annual out-of-pocket maximum.
Your TACC is:
- Your annual rate of base salary plus applicable job differential pay (for example, shift pay) as of each August 1, plus
- Any cash earnings from any incentive plans (for example, annual incentive compensation, commissions, draws, overrides, and special recognition payments or incentives) that are paid to or deferred by you for the previous 12-month period ending each July 31.
- Overtime is not included.
For purposes of determining the Medical Plan contribution pay tier and plan design that applies to you, your TACC is recalculated as of each August 1 to take effect the next January 1 and will remain unchanged throughout the year. For most employees hired on or after August 1, TACC will be equal to base salary plus job differentials.
Separate definitions may apply to employees in certain positions who are paid on a draw-and-commission basis. If this situation applies to you, you will be notified by your Line of Business.
Your TACC in effect for the plan year is available on the Benefits Web Center via My Health.
Please Note: Your TACC is measured as of August 1 and remains unchanged for purposes of determining Medical Plan contributions and the deductible, copayments and the annual out-of-pocket maximum for the next calendar year. If you change pay tiers due to an increase in TACC, you may experience a larger than average increase in medical payroll contributions the next year.
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Tier
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Total Annual Cash Compensation
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Employee Pays
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1
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< $59,999
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|
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2
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$60,000–$79,999
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|
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3
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$80,000–$99,999
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|
|
4
|
$100,000–$149,999
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|
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5
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$150,000–$249,999
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|
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6
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$250,000–$349,999
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|
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7
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$350,000 and above
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