My Compensation

A competitive compensation program is another way we deliver on our commitment to our team. All of our team members are paid a wage for the work that they perform. Your pay is determined in large part by job requirements, skills and knowledge that are used on the job along with what other external employers pay similar jobs. Our Human Resources team regularly reviews over 2,500 jobs across our health system as part of our external market analysis. This exercise helps to ensure our organization knows whether its wages are competitive compared to other employers in the market. Adjustments are then made periodically based on the system’s ability to financially afford them within the budget.

We use the following guiding principles for administering our compensation program:

• Offer market competitive pay practices
• Provide compensation that is fair, objective and non-discriminatory
• Use only valid, recognized salary survey data sources
• Comply with local, state and federal laws and regulations
• Be financially responsible and operate within FMOLHS budgetary guidelines

Our health system has paid above the federally mandated minimum wage for many years and continues to take steps to adjust our organizational minimum wage amount to offer team members a socially just wage.

Each year we review the federal poverty guidelines and adjust the just wage amount accordingly.

Social Security and Medicare are programs established by the federal government that you are required by law to contribute a portion of your paycheck to fund. While the amount you pay toward these programs is significant, FMOLHS funds half of the contributions for you. In the example below, you can see how these contributions are made for a team member earning $55,000 per year:

It is important to note that Social Security contributions stop when your earnings exceed the Social Security Wage Base (for 2023 that amount is $160,200) and Medicare contributions will apply to all of your earnings without a cap. If your annual earnings exceed $200,000 in a year, the contribution percentage increases to 2.35% on pay over that amount.

Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA). While best known for retirement benefits, it also provides disability income and survivor benefits. To learn more, click here.

Medicare is the federal health insurance program created to provide health coverage for Americans aged 65 and older. The Medicare program is comprised of four main parts and is administered by the Centers for Medicare and Medicaid Services (CMS).

• Medicare Part A – often referred to as “hospital insurance” – is devoted to inpatient care, covering the costs of inpatient hospital stays (of at least one night), skilled nursing facility stays (if they meet specific criteria), home health care and hospice care.
• Medicare Part B – often called “medical insurance” – covers outpatient expenses, including physician and nursing fees, as well as a range of services (such as x-rays, diagnostic tests, and renal dialysis) and some equipment.
• Medicare Advantage (Part C) – allows Medicare beneficiaries to receive Medicare-covered benefits through private health plans which may also include extra benefits such as prescription drug coverage. In exchange for the benefits, coverage may be limited to network of providers.
• Medicare Part D – prescription drug coverage – provides substantial price breaks on prescription drugs for those who enroll in Part D plans designed and administered by private health insurance companies.
• Medicare supplement (Medigap) – is supplemental coverage purchased by Medicare beneficiaries to fill the holes in Original Medicare.

To learn more about Medicare, click here.