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Health, Life And Disability Coverage
City National Bank offers colleagues a comprehensive benefits program
that allows you the freedom to select from a variety of insurance
coverages based on your individual and family needs. You have
flexibility in choosing the right coverage for you and your family.
Benefits
of working at City National Bank include:
Medical Coverage
City National Bank offers various medical programs in specific locations.
- Aetna Open Choice PPO (available in Nevada) – a preferred provider organization that gives you the flexibility to receive services from any licensed provider you choose. But, when you use the providers in the Aetna PPO network, the annual deductible is lower and covered services are reimbursed at a higher level. When you need care, you decide whether to use the Aetna PPO network or providers outside the Aetna network. In general, you’ll need to file claim forms only when you use services outside the Aetna PPO network.
- Aetna HMO (available in Nevada and New York) – a health maintenance organization. Under this plan, you select a medical group or independent practice association (IPA) within the Aetna HMO provider network. Within the medical group or IPA, your primary care physician (PCP) will coordinate all of your care, including referrals to specialists. In general, you pay a co-payment for services such as doctor’s office visits and prescriptions. You don’t have to meet any annual deductible or file any claim forms. Services received outside of your chosen Medical Group/IPA are generally not covered.
- Aetna POS (available in New York) – a point-of-service plan. Under the plan you have the flexibility to receive services from any licensed provider you choose each time you need a covered service, with or without a referral. Whether you prefer guidance of your primary care physician (PCP) or the freedom to go directly to another licensed provider – the choice is always yours. You may also visit nonparticipating physician by utilizing the out-of-network level of benefits. An annual deductible and filing claim forms usually apply to out-of-network benefits.
- Blue Cross Prudent Buyer Plan (available in California and New York) – a preferred provider organization (PPO). This plan offers you the flexibility to see any provider of your choice. However, when you use providers in the Blue Cross PPO network, the annual deductible is lower and covered services are reimbursed at a higher level. When you need care, you decide whether to use the PPO network or doctors and hospitals outside the network. Generally, you only need to file claim forms when you use services outside the PPO network.
- Blue Cross CaliforniaCare HMO (available in California) – a health maintenance organization. Under this plan, you select a medical group or independent practice association (IPA) within the Blue Cross HMO provider network. Within the medical group or IPA, your primary care physician (PCP) will coordinate all of your care, including referrals to specialists. In general, you pay a co-payment for services such as doctor’s office visits and prescriptions. You don’t have to meet any annual deductible or file any claim forms. Services received outside of your chosen Medical Group/IPA are generally not covered.
- Kaiser Permanente HMO (available in California) – a not-for-profit health maintenance organization. Under this plan, you may access care at any Kaiser Permanente facility in the country. You may also select a primary care provider and access that same physician for the majority of your health care needs. In general, you pay a co-payment for services like doctor’s office visits and prescriptions. There are no annual deductibles or claim forms to complete. Services not provided by a Kaiser facility generally are not covered.
Dental Coverage
- DeltaPreferred Option PPO (available in all locations) – this plan offers you the flexibility to see any dentist of your choice. You can use dentists in the DeltaPreferred Option PPO network and receive the highest benefits from the plan, or any licensed dentist you choose outside the network for a lower reimbursement level of benefits. Whether you use network or out-of-network services, the plan covers preventive care with no deductible. Other eligible services are covered after you meet an annual deductible. This plan does not cover orthodontia. Benefits are subject to an annual maximum.
- DeltaCare Dental HMO (available in California) – under this plan, you select a dentist within the DeltaCare network to provide all of your dental care. You make a co-payment for some services; other services are provided at no cost. The level of co-payment depends on the type of service. You don’t have to meet an annual deductible or file any claim forms. The DeltaCare Dental HMO plan provides coverage for orthodontia. Dental services that are not provided by your chosen DeltaCare dentist are not covered by the plan.
Vision Coverage
City National Bank offers two vision plans from which to choose. You may elect to purchase vision coverage under either the Vision Service Plan (VSP) Standard Plan or the Spectera Vision Plan.
After an annual exam/materials co-payment, each plan provides one comprehensive eye exam every 12 months, lenses every 12 months, and frames every 24 months. Contacts (instead of lenses & frames) may be provided every 12 months. Certain services are provided at no cost after the co-payment, others are reimbursed up to a specified allowance. When you receive services from a doctor participating in the network of the vision plan you’ve selected you receive the highest benefits from the plan. While the two vision plans are similar, there are some differences in co-payments, coverage amounts, monthly costs and provider networks.
Tax-Free Flexible
Spending Accounts (FSAs)
FSA accounts allow you to set aside money to pay for unreimbursed health care expenses or certain day care expenses on a before-tax basis. When you incur an eligible expense, you file a claim for reimbursement. You never pay taxes on the money you contribute to the spending account, even when you are reimbursed. You have until April 30 of each year to submit claims for eligible expenses incurred during the applicable coverage period. In general, to be eligible for reimbursement from the FSA account, the qualified expense must have been incurred during the plan year (i.e. calendar year) while you were enrolled and contributing to the FSA, except that for the Health Care FSA only, you have an additional 2 ½ months after the end of the plan year to incur qualified expenses to be claimed against your prior plan year account. CNBenefits offers two types of spending accounts:
- The Health Care FSA – can be used to pay for medical, dental and vision expenses not reimbursed by any insurance plans for you and your eligible dependents.
- The Dependent Care FSA – can be used to pay for eligible dependent care expenses, like day care expenses for a child or an elder adult, that you need to pay so you can work.
Core Life Insurance
When you become eligible for CNBenefits, the Bank
will provide you with core life insurance equal to 1½ times your
annual base salary, up to a maximum of $50,000 of coverage—at
no cost to you.
Accidental
Death & Dismemberment (AD&D) Insurance
AD&D insurance provides financial protection in cases of
death or dismemberment due to an accident. This type of insurance
does not cover death due to illness. You can purchase AD&D
insurance for yourself only or for you and your eligible dependents.
Disability
Disability insurance provides you with income protection in case of an illness or injury resulting in a disability. Generally, disability benefits are reduced by other sources of disability income. City National Bank provides two different types of disability plans.
Short-Term Disability (available in Nevada and New York) – is a voluntary disability benefits plan that provides income protection for a disability longer than seven days.
Long Term Disability (available in all locations) provides income protection for a disability of more than 180 days.
- Bank-provided Core LTD coverage – is provided at no cost. The monthly benefit is 60% of your Monthly Salary, up to a maximum benefit of $4,000 per month.
- Supplemental LTD – is optional and fully paid by you. The monthly benefit is 60% of your Monthly Salary, up to a maximum benefit of $10,000 per month (which includes the value of your Core LTD coverage).
Supplemental
Term Life Insurance (STL)
In addition to basic core life insurance paid for by the Bank, you can purchase additional coverage in multiples of your salary through Supplemental Term Life (STL) insurance. You can also purchase coverage for your spouse, domestic partner and/or your eligible dependent children. STL insurance is portable, which means you can take it with you if you leave CNB, subject to the carrier’s portability provisions.
Business
Travel Accident Insurance
This insurance provides protection to all colleagues for accidents that occur while traveling on City National business. The coverage is fully paid by City National and you do not need to enroll to be covered.
Eligibility
Coverage is available to colleagues who are regularly scheduled to work 30
or more hours per week. Depending on your job level, your CNBenefits will become
effective on (1) the first day of the month coinciding with or next following
your hire date or (2) the first day of the month coinciding with or next following
three months of service.
Covered dependents may include your spouse or domestic partner and/or
children, subject to each plan’s specific eligibility criteria.
Cost
Together, you and the Bank share in the cost of your benefits coverage. CNB pays the full cost of core life insurance, core long term disability insurance, and Business Travel Accident insurance. CNB also pays most of the cost of medical and dental coverage. You pay the cost of other benefits. Your share of the cost is generally paid through payroll deductions on a before-tax basis, except that you pay for Supplemental Term Life Insurance through payroll deductions after taxes have been deducted from your pay. You can also make an irrevocable election to pay Supplemental LTD premiums on an after-tax basis.
This is a brief summary of the insurance benefits
offered through City National Bank. A more detailed description
of each benefit is provided in The Benefits Book. This summary
does not replace the plan document(s) or insurance contract(s)
which govern in all cases. The company reserves the right to
modify, amend, or terminate the plans, in whole or in part,
with or without prior notice at any time.
Find out how to join our team and see the many opportunities
that City National has to offer in our Job
Search.
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