“Employees are our greatest strength.”
EMPLOYEE BENEFITS
We provide for employee health and welfare by offering competitive and comprehensive employee benefits.
FLEXIBLE BENEFIT PROGRAM
Microchip Technology provides a basic group insurance plan that includes a medical plan, dental plan, vision plan, life insurance, AD&D plan, short term disability and long term disability. The base dental plan, life insurance, AD&D, short-term and long-term disability is at no cost to the employee. The employee pays for buy-ups to those plans and contributions for themselves and the family for the medical, dental, and vision plans.
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Additional employer contributions are provided to help pay for family coverage. Any cost incurred by the employee is paid for on a pretax basis except LTD. Following is a brief description of the options available. As a full-time employee, you become eligible for these benefits ON THE FIRST DAY OF WORK.
Medical Coverage
Four plans are offered: three PPO plans with in-network and out-of-network coverage and an exclusive provider plan with no deductible and an office visit co-pay with 90% coverage for other medical services. These plans utilize the Blue Cross Blue Shield of AZ network in AZ, First Choice Health network in OR and the First Health network in all other states. (Note: We also offer one HMO option in CA and OR). All plans have a preexisting condition provision subject to HIPAA legislation. An Alternative Health Care Plan is also offered in AZ and OR which provides discounts at participating providers.
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