Phoenix Children's offers three medical plan options: 500 PPO plan, 1000 PPO plan, and the consumer directed health plan. Contribution toward the cost of this benefit, if elected, will be deducted on a pretax basis. A copy of our 2024 benefits guide is included for reference and can also be accessed at the following link.
Phoenix Children’s offers a tax-exempt account in which a participate can save money for future qualified medical expenses. When enrolled in the CDHP there is the option to contribute to a health savings account (HSA) and Phoenix Children's will match employee contributions up to $900, based plan tier election and FTE status. When contributing to the HSA that money and any company match becomes your money. It will roll over to the next year and is portable if employment Phoenix Children's were to end. However, annual election of HSA contributions is required every year. The 2024 maximum IRA contribution limit to HSA's is $4,150 for single plan coverage and $8,300 for family plan coverage and an additional $1,000 Catch-up contribution if over age 55.
You are also eligible to participate in the Phoenix Children's Medical Group patient safety, quality and experience incentive plan. The plan provides the annual incentive compensation of up to 5% of providers actual base salary prorated for their respective calendar year, based on the achievement of annual patient safety, quality, and experience performance metrics by PCMG and physicians division, or otherwise determined by PCMG. Participation in the Phoenix Children's medical group patient safety, quality and experience incentive plan will commence upon date of hire.
Phoenix Children's will provide you with a gross starting bonus in the amount of $20,000 payable with regularly scheduled payroll upon your commencement of employment with Phoenix Children's this amount will be considered taxable income to you, subject to all applicable tax withholdings, and will not be considered compensation for the purposes of any phoenix children's employee benefit plan. This starting bonus will not to be repaid on a prorated basis should you terminate your employment with Phoenix Children's within the 1st 24 months of employment.
Phoenix Children's will assist with relocation costs up to $15,000. This payment will be subject to all applicable tax withholdings and IRS guidelines will not be considered as compensation for the purposes of any phoenix children's employee benefit plans. The relocation payment will need to be repaid on a prorated basis should determinate your employment with Phoenix Children's within the 1st 24 months of employment.