All full-time and part-time employees working at least 24 hours per week are eligible to enroll in KCI’s medical and dental insurance program. This is a self-funded program administered by Cigna with the cost of coverage being shared between KCI and the employee. We provide both individual and dependent coverage. The premiums are payroll deducted on a pre-tax basis.
Full-time and part-time employees working at least 24 hours per week are eligible to enroll in KCI’s vision plan. The plan offers benefits for eye exams, glasses and contact lenses.
KCI offers employees the opportunity to enroll in Health Care and Dependent Care Flexible Spending accounts. These accounts allow employees to contribute pre-tax dollars to be used for reimbursement of eligible health or dependent care out of pocket costs.
KCI provides life insurance coverage at no cost to full-time employees. Coverage ranges from $30,000 to $100,000 depending upon salary.
Accidental Death and Dismemberment insurance is provided, also at no cost, to all employees eligible for life insurance. AD&D covers loss of life, limb, sight, speech or hearing caused by an accident.
Additional life insurance may be purchased by employees to cover their lives or those of eligible dependents.
Full-time regular employees accrue paid time off each pay period. The schedule below demonstrates total PTO hours accrued per pay period.
| Length of Service | Accrued PTO |
| 0-12 months | 4.61 hours per pay |
| 13-60 months | 5.08 hours per pay |
| 51-96 months | 5.54 hours per pay |
| 97-120 months | 6.00 hours per pay |
| 121 months or more | 6.77 hours per pay |
Associates and Sr. Associates earn 6.77 hours per pay regardless of length of service. Officers earn 6.77 hours per pay.
Part-time employees working 24 or more hours per week are also eligible to earn paid time off at a pro-rated schedule.
KCI observes the following paid holidays:
Full-time regular employees with 15 years of service receive an additional floating holiday.
Each officer and employee of KCI is insured while traveling to company business. KCI pays the full cost of the plan and all employees are covered from their first day of employment. The policy covers employee for accidental life, dismemberment, or loss of sight, while traveling for KCI. Benefits from this coverage are in addition to the Group Life Insurance, AD&D Insurance and independent from any worker’s compensation benefits.
Short Term / Long-Term Disability Insurance
Employees who work 32 or more hours per week may purchase short-term/long-term disability insurance to cover absences from work caused by an injury or illness occurring outside of work. Short-term disability provides 60% of salary to a maximum of $1,250 per week. Short-term disability benefits begin after a 14 or 27 day elimination period. Employees choose between long-term disability policies providing 60% of salary to a $6,000 per month maximum or 66-2/3% of salary to a maximum $10,000 benefit per month.
Educational Assistance Program
Financial assistance is provided for full-time regular employees who have completed six months of service and wish to further their education. Courses must be work-related and offered by approved educational institutions. KCI pays 80% of tuition and related fees up to $12,000 per calendar year. 100% of tuition per calendar year is available to associate level and above and to employees having 5 or more years of service. Repayment may be necessary if an acceptable grade is not earned or if employment ends prior to required service agreement. Please note that tuition assistance in excess of $5,250 is considered taxable income.
KCI funds tuition and related fees prior to course.
KCI maintains an optional retirement program known as the Section 401(k) Plan. Eligible participants may request to have pre-tax and/or after-tax deductions taken from their pay. KCI matches employee pre-tax 401(k) and after-tax Roth 401(k) contributions 50% of the first 6% contributed to the plan(s). Employer match is immediately vested.
The ESOP was adopted January 1, 1990 and is a retirement plan whereby employees are given shares of KCI stock when eligible to participate. KCI’s ESOP has two components, a cash component and a stock component. KCI may deposit funds into the cash portion of the ESOP account at the end of the calendar year. The cash is used to purchase shares from former employees and then placed into the stock component of the ESOP. Employees vest, or earn their right to the shares with a graduated vesting schedule and become 100% vested after five years of service.
Employee Assistance Program (EAP)
The EAP is a confidential service provided for employees and members of their immediate family when experiencing personal or job-related difficulties. KCI offers the employee up to three (3) visits with professional counselors at no cost.
KCI has several high energy training programs which include project management, leadership and team building, management development skills and computer-related skills. The development programs provide a rich environment for career growth with a combination of challenging projects, recognition of accomplishments and increasing technical and management responsibilities. KCI believes that everyone should strive to become an expert in an area of their choice, whether technical or management.
This voluntary program benefits new and existing employees, who wish to enhance their careers at KCI with support and guidance from senior staff.
Additional Benefits Available to KCI Employees
This information is accurate as of the date published. KCI Technologies Inc., reserves the right to modify any or all components of the company’s benefit plans at the sole discretion of management. Although employees will be notified in advance where possible, any such changes may occur with or without notice.
© KCI Holdings 1994-2006