Last updated 11/8/2023
Working locum tenens has many advantages, like a flexible schedule and earning extra income. However, since locum tenens work isn’t like a permanent position, you may be wondering if you’ll be foregoing benefits like health and dental insurance, 401(k), and life insurance. Unlike locum tenens physicians, who are considered independent contractors, advanced practice providers and other allied healthcare providers receive a W-2 and are offered a generous CompHealth benefits package — starting from the first day of your assignment. Find out what kind of benefits you’ll receive as an NP, PA, or other allied healthcare provider when you work a locums or travel assignment.
Click on the links below to find out more about these benefits offered by CompHealth:
- Benefits start your first day of work
- Medical, dental, and vision insurance
- 401(k) with employer match
- Telehealth, life insurance, and PerkSpot discounts
- Coverage for you, your partner, and your dependents
Benefits start your first day of work
When you begin working with CompHealth, you receive benefits starting the first day of your first assignment. Once you begin your assignment, you have a 31-day enrollment window to sign up for your benefits, and your coverage is effective retroactively to the day you started your assignment.
Medical, dental, and vision insurance
As a locum or traveler with CompHealth, you have three Regence BlueCross BlueShield medical plans to choose from, each with different deductible limits and premium costs. The plans are all PPOs, allowing visits to an in-network physician or healthcare provider of your choice without requiring a referral from your primary care physician. CompHealth pays a majority of the premium, while you pay only the employee contribution.
We also offer dental, prescription, and vision insurance.
Our third-party administrator is AmeriBen, and if you’re unable to reach a CompHealth benefits specialist, they’re available 24/7. You’ll also be given access to the MyAmeriBen app, which will simplify the process even more.
401(k) with employer match
You'll also receive access to a 401(k) plan through Fidelity Investments. CompHealth matches 50% of the first 8% you contribute to the plan. While CompHealth only contributes to your 401(k) while you’re actively working, as long as you don’t have more than a 12-month gap between assignments, you’ll get credit for the money that’s already vested, and you’ll be fully vested within five years.
Telehealth, life insurance, and PerkSpot discounts
Other benefits include Teladoc, a telemedicine app with 24/7 service. Teladoc gives you access to board-certified primary care physicians who can diagnose non-emergency medical problems, recommend treatment, and if necessary, prescribe medication. You’ll also have access to Teladoc mental health services at no cost to you.
Additionally, CompHealth provides an employee assistance program through Optum EAP that offers consultation on personal finance, mental health, and other areas where you may need personal support and assistance.
You will also receive company-paid basic life insurance of $50,000 and have the option of purchasing pet insurance.
CompHealth offers our advanced practice providers and allied travelers access to PerkSpot, which gives you access to discounts and rewards for many different things, like airfare, ride share, cell phone products and services, and clothing and entertainment.
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Coverage for you, your partner, and your dependents
CompHealth offers benefits for:
- Your spouse or same- or different-sex domestic partner
- Your dependents
Dependent children are covered up to the age of 26, or over 26 if they are disabled and unable to sustain employment.
How to sign up for benefits
Prior to your assignment start date, we will send you an email with a link to the enrollment portal where you select your benefits and complete your elections. Once you enroll, we will approve the benefits chosen, and the benefits’ effective date is retroactive to your assignment start date. It’s best to complete this process as soon as possible because your premium payments won’t be collected until they’re approved, which could mean a bigger payment once enrollment is complete.
Making changes to your benefits
You can make changes to your benefits any time you start a new assignment. It works just like an open enrollment period. Otherwise, changes can’t be made unless there’s what the IRS defines as a qualifying event, like marriage, childbirth, adoption, or divorce.
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Benefits coverage between assignments
CompHealth offers a 31-day bridge period so you can remain covered while taking short breaks between assignments. If there are 31 days or fewer between your CompHealth assignments, your benefits remain intact with no need to re-enroll.
If the gap is longer than 31 days, the benefits are terminated, and you will need to re-enroll when you return to work with CompHealth. If you’re planning for a long break between CompHealth assignments and you still need your insurance coverage, let CompHealth know. You can sign up for COBRA coverage, which is effective the day following your contract end date. COBRA may be maintained for up to 18 months. However, it’s important to keep in mind that under COBRA, you will bear the entire cost of the premiums, which can be pricey.
How to get help with your CompHealth benefits
If you have questions about your benefits or need assistance, speak with your recruiter or contact the CompHealth people services team directly at 800.811.1796.
Are you interested in learning more about working locum tenens or travel assignments? Give us a call or view today's locum tenens job opportunities.