HSN, an operating business of IAC/InterActiveCorp (Nasdaq: IACI), originated the electronic retailing concept in 1977 on a small AM radio station in Florida. The company has since evolved into a global multichannel retailer on TV, where HSN is now the 4th largest cable television network in the U.S.; the Internet, through hsn.com; and catalogs such as Improvements and Home Focus. In 2004, HSN generated worldwide consolidated sales of $2.4 billion, answered 66 million calls and delivered 50 million packages worldwide.

 

 

At IAC/InterActiveCorp, our people are key to the success of our company in everything we do. That’s why we’ve designed a world-class benefits program – to support and to enrich the lives of the people who make IAC successful. The IAC benefits plan allows you to choose the plans and the coverage that are just right for your own situation.

Full-time regular employees scheduled to work at least 30 hours per week are eligible to participate in health and insurance benefits. You can also enroll your spouse, same or opposite sex domestic partner, and dependent children/ domestic partner's dependent children up to age 19 or age 25 if a full-time student. Your local HR representative can inform you of any waiting periods. All employees are eligible for the IAC 401(k) on date of hire.

benefits AT A GLANCE

Savings and Retirement The IAC Retirement Savings Plan – a 401(k) plan – lets you defer pre-tax as much as 16% of your annual pay. IAC matches the first 6% of your pre-tax contributions at 50 cents on the dollar. You can also contribute up to 10% of your pay on an after-tax basis. You can manage your own 401(k) account online and select from a wide range of investment funds, including IAC common stock. You are eligible for the IAC 401(k) on your date of hire, and you vest in your IAC matching funds after two years of employment.

Health Benefits

Medical: IAC offers a choice of medical options to fit every individual need and situation. We offer five medical plans nationally plus HMOs in select locations.

Dental: We offer a choice of a lower-cost Dental HMO plan with in-network benefits, or a Dental PPO plan which offers more choice at a higher price. Both plans cover preventive care as well as orthodontics. Vision: IAC’s vision care plan covers an annual eye exam, lenses, frames and contact lenses every 12 months, plus discounts on a range of additional services including laser vision correction.

Risk Protection

Life Insurance: IAC provides life insurance equal to 1.5 times your annual salary, up to $500,000, at no cost to you. Additional coverage is available from one to seven times your annual salary up to $1.5 million at attractive group rates. Coverage is also available for spouse, domestic partner, and/or eligible children.

Disability: After one week’s absence, short-term disability covers you for lost income for up to 26 weeks of illness. If you are unable to work after 26 weeks, long-term disability coverage becomes payable. Coverage can equal as much as 60% of your annual pre-disability salary and is provided at no cost to you.

MORE Benefits

Flexible Spending Accounts (FSA): These accounts allow you to set aside up to $5,000 annually in pre-tax contributions. The Health Care FSA covers medical expenses not covered by your regular medical plan (copayments, deductibles, etc.) as well as selected over-the-counter preparations. The Dependent Care FSA covers qualified child and elder care expenses.

Employee Assistance Program: The EAP offers confidential counseling to eligible employees and their dependents plus a dependent care referral service.

Group Legal: The Group Legal Plan provides coverage for important legal expenses such as adoption, divorce, wills and bankruptcy.

Pet Insurance: Now you can cover all the members of your household. For a low monthly fee, PetAssure provides significant discounts on pet care services as well as access to a pet locator service.

Group Auto and Property Insurance: IAC has arranged to offer discounted group rates on homeowner’s, renter’s, auto and property insurance. Coverage may be written in all 50 states and premiums are paid through convenient payroll deductions.

Matching Gifts Program: IAC will match your charitable contributions to qualifying organizations dollar for dollar up to certain annual limits. IAC Treats: IAC offers employees significant discounts on products and services offered by IAC businesses and other well-known online retailers.