Note: This list is intended for general purposes only. It is not all inclusive and is not a contract. For enrolled employees, please refer to your plan contract for a complete description of your plan, or contact Human Resources with any questions.

Medical Plan

ChipX offers the choice of an HMO or PPO medical plan, including prescription coverage, for employees and their dependent(s).

Dental Plan

ChipX offers a competitive dental plan for employees and their dependent(s). Participants may go to the dentist of their choice.

Vision Care

ChipX employees and their dependent(s) are eligible for vision care benefits.

Section 125/Flexible Benefits Plan

ChipX employees are eligible to enroll in Section 125/Flexible Benefits Plan. This is an excellent tax benefit allowing employees to defer funds from their pre-tax salary – up to $4,000 for the unreimbursed medical account and $5,000 for the dependent care account. All employee contributions for dependent benefits are also on a pre-tax basis.

401(k) Benefits

ChipX employees are eligible to enroll in the ChipX 401(k) plan at the date of hire. Employees may defer up to 20% of their income or $15,500 per year, whichever sum is greater.

Stock Options

ChipX employees are awarded stock options at time of hire. The company also has an annual "Evergreen" stock grant plan for eligible employees.

Life Insurance

ChipX provides 2x salary for Life Insurance coverage for every employee, up to a maximum benefit of $250,000.  As well as, additional voluntary life insurance for the employee and family.

Long-Term Disability Coverage

ChipX provides long-term and short-term disability coverage for all employees.

If you have any questions regarding the ChipX employee benefits package, please contact Human Resources.