Benefits Definitions | Pool World Spokane

Health or Medical Plan:
Provides coverage for medical treatment, doctor visits, surgeries, emergency, etc.

Prescription Drug Plan:
Typically part of your Medical Plan, this benefit provides coverage for certain covered prescriptions.

Vision Plan:
Provides coverage for eye exams, glasses and/or contacts.

Dental Plan:
Provides coverage for your oral health. Includes cleanings and treatment related to your teeth and gums.

Supplemental Life Insurance:
Allows you to purchase an amount of life insurance protection based on your needs and financial goals, to protect your beneficiaries in the event of your passing.

Dependent Life Insurance:
Allows you to purchase an amount of life insurance for your spouse or children. Children are typically eligible up to age 26 and/or a full-time student.

Accidental Death & Dismemberment:
Typically is available with your Supplemental Life Insurance. This benefit pays double the Life Insurance benefit if the death is a result of an accident and pays fixed amounts for dismemberment.

Medical Care Spending Account (FSA):
Allows you to set aside pre-tax funds to pay for eligible medical expenses.

Dependent Care Spending Account (DCAP):
Allows you to set aside pre-tax funds up to $5,000 for eligible dependent care, including care of an elder parent.

Vacation Days:
Paid vacation days provided by your employer.

Holidays:
Paid holidays provided by your employer.

Sick Leave:
Paid sick time provided by your employer.

Bereavement Leave:
Paid time after the death of a family member, provided by your employer.

Parental Leave:
Paid time to care for children and/or elderly parents.

Compensatory Time:
An arrangement by which employees take time off instead of receiving overtime pay.

401(k) Retirement Plan:
A company-sponsored retirement account to which you can contribute income to plan for your retirement.

Short-Term Disability:
Short Term Disability plans offer a monthly benefit of up to 60% of your current income if you are disabled due to an off-the-job injury or sickness (including maternity) for a certain period of time, typically around to 3-6 months per disability.

Long-Term Disability:
Long Term Disability insurance plans offer a monthly benefit of up to 60% of your current income if you are disabled due to an injury or sickness with benefits starting after a longer period of time such as 60, 90, or 180 days.

Employee Assistance Program:
Provided by your employer, this benefit provides additional counseling and resources for daily work/home stressors at no cost. Usually up to 3-6 visits per year, per issue.

Tuition Reimbursement Plan:
Allows you to set aside funds to help save or pay for college tuition for a dependent child.

Identify Theft:
Identity Theft insurance helps consumers remove their information from public databases and mass marketing lists in addition to scanning credit bureaus and the dark web to see if their information has been compromised.

Wellness Program:
Provides opportunities to engage in your overall health. Often provides cash or gift incentives for participation.

Legal Assistance:
Legal coverage is a plan that will help you find a lawyer and pay for legal fees for a wide range of legal services including: Negotiations with Creditors, Landlord Issues, Traffic Tickets, Lawsuits, Wills, Healthcare Directives, Bankruptcy, Legal Document Review, etc., when visiting an in-network attorney.

Accident Indemnity:
Accident Insurance compliments your medical coverage by helping to ease the financial impact of an accidental injury such as broken bones, dislocations, emergency room or urgent care visits, stitches, concussions, etc.

Hospital Indemnity: 
Hospital Indemnity plans pay a cash benefit to you, to assist with costs incurred when you are confined to the hospital whether it is from sickness (including COVID and maternity) or injury.

Critical Illness:
Critical Illness policies pay you a lump sum cash benefit if you are diagnosed with a covered Critical Illness such as Cancer, Heart Attack, or Stroke. 

Pet Insurance:
Pet Insurance is a plan that provides benefits for medical treatment for dogs and cats. Benefits for medical treatments are subject to an annual deductible and are reimbursed to the policyholder once they file a claim with the carrier.