Benefit summary.

Medical Plan

Comprehensive medical coverage is available to employees and their qualified dependents. Kalypsys offers a choice of HMO or PPO with the flexibility of electing coverage from a variety of healthcare providers.

Dental

A comprehensive PPO dental plan is available for employees and their qualified dependents that offers coverage for preventative, basic and major services with orthodontia for children.

Vision

Employees and their qualified dependents may elect coverage for annual eye exams with a broad base of service providers plus discounts on lasik provided by plan network specialists.

Domestic Partner Benefits

Kalypsys provides qualified same-sex and opposite-sex partners the opportunity to elect medical, dental, vision and voluntary life insurance.

Health & Dependent Care Flexible Spending Accounts

Employees can save federal, state and social security taxes on certain IRS-approved expenses that are not otherwise covered under the benefit programs. Participants set aside funds through payroll deductions to pay eligible out-of-pocket health and/or dependent care expenses on a pre-tax basis during the year.

401k Contribution

Kalypsys offers a 401k plan which provides employees the opportunity to save and invest for the future through pre-tax payroll deductions.

Annual Paid Time Off "PTO"

PTO accrual starting at 15 days per year for eligible employees accrues per pay period for a total accrual up to 30 days.

Holiday (days/year)

There are a total of six (6) paid holidays per year plus six (6) employee elected floating holidays.

Wellness Benefits

Kalypsys provides an annual wellness benefit for approved expenses that further the employee's physical wellbeing (gym membership, fitness training or classes, etc).

Disability

Short-term disability generally provides 60% of pre-disability earnings for a maximum period of 12 weeks, commencing on the 8th day after disability. 100% employer paid.

Long-term Disability generally provides 66 2/3% of pre-disability earnings until the age of 65, commencing after the 90th day after disability. 100% employer paid.

Life Insurance

Kalypsys provides basic life insurance and accidental death/dismemberment at no cost to employees. Voluntary life insurance and accidental death/dismemberment is also available for employees and their qualified dependents.

Employee Assistance Program

Provides resources to employees and members of their household for personal, financial or work related issues - services include:

  • Clinical counseling
  • Financial counseling
  • Legal counseling

Travel Insurance

Business travel accident coverage.

Tuition Reimbursement

Tuition is reimbursed for pre-approved, work related courses and classes up to $3,500 annually (evaluated by management on a case by case basis) at 100% once course is successfully completed.

Stock Options

New employees are eligible to receive a new hire stock option grant pursuant to the Equity Incentive Plan and subject to approval by the Board of Directors.

Team Building/Social Events

Kalypsys understands the importance of team building and providing events that promote social interactions with co-workers with monthly casual gatherings on the last Friday of every month, annual team building events and an annual holiday party.

Disclaimer

This is a brief description of benefits offered by Kalypsys, Inc. Not all plan provisions, limitations and exclusions are included in this publication. In the event of any conflict between the information contained in this publication and the plan provisions, the Plan Documents and insurance contracts will govern. Employees must meet all eligibility requirements to participate in the programs. Kalypsys, Inc. reserves the right to change benefits at any time.