Employee Benefit Plans |
12 Months Ended |
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Dec. 31, 2023 | |
Retirement Benefits [Abstract] | |
Employee Benefit Plans | Employee Benefit Plans: Substantially all our employees are eligible to enroll in Company-sponsored healthcare plans, including coverage for medical and dental benefits. Our primary healthcare plans are national plans administered by third-party administrators. We are self-insured for these plans. During 2023, 2022, and 2021, costs associated with these plans, net of amounts paid by employees and stop-loss recoveries, approximated $48.1 million, $41.5 million, and $41.5 million, respectively. As of December 31, 2023 and 2022, medical insurance accruals of $8.4 million and $7.5 million, respectively, are included in Other current liabilities in our Consolidated Balance Sheets. The Company offers one qualified 401(k) savings plans, the Home Health Savings Plan (the “HHSP”). The HHSP allows eligible employees to contribute up to 60% of their pay on a pre-tax basis into their individual retirement account in the plan subject to the normal maximum limits set annually by the Internal Revenue Service. All home health and hospice full-time and part-time employees are eligible to participate in the HHSP, and all contributions to the plan are in the form of cash. The Company’s employer matching contribution under the HHSP is 25% of the first 3% of each participant’s elective deferrals, which vest gradually over a six-year service period. Participants are always fully vested in their own contributions. Employer contributions to the HHSP approximated $2.3 million, $2.2 million, and $2.4 million in 2023, 2022, and 2021, respectively. In 2023, 2022, and 2021, approximately $0.4 million, $0.3 million, and $0.2 million, respectively, from forfeited accounts were used to fund the matching contributions in accordance with the terms of the HHSP.
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