Benefit Summary for Regular Status Employees at Mary Free Bed

Time Off With Pay

Holidays

• 6 days per year; part time prorated based on FTE status

• Eligible upon hire

Total Time Off (TTO)

• Combination of vacation, sick leave, and personal time
• Full-time accrual:
  • 18 days/year: less than 3 years of service
  • 23 days/year: 3-10 years of service
  • 28 days/year: 10+ years of service
• Part-time accrual: prorated based on hours worked
• Accrues from hire date; eligible to use after 3 months

Extended Illness Insurance (EII)

• Income protection for lengthy illnesses
• Full-time accrual:
  • 6 days/year: less than 5 years of service
  • 9 days/year: 5-10 years of service
  • 12 days/year: 10+ years of service
• Part-time accrual: prorated based on hours worked
• Accrues from hire date; eligible to use from hire date

Short-Term Disability

• Eligible if at least .75 FTE (30 hours/week)
• Effective immediately
• Benefit equals 60% of earnings to a maximum of $400/week
• Payable beginning on 32nd day of disability; 26 week maximum
• No employee contribution

Voluntary Long-Term Disability

• Eligible if at least .75 FTE (30 hours/week)
• Available for purchase at group rates, based on age
• Benefit equals 60% of pay
• Premiums payroll deducted

Health Benefits and Tax Savings

Medical Insurance

• Includes prescription drugs, hospitalization, preventative care, diagnostic X-ray and lab, doctor fees, mental health
• Eligible if at least .5 FTE (20 hours/week)
• Effective one month after eligibility date
• 2 options available:
  • Priority Health self-funded PPO plan
  • Priority Health self-funded EPO plan
  • Employee pre-tax contributions required

Dental Insurance

• Includes preventative, restorative, and orthodontia
• Eligible if at least .5 FTE (20 hours/week)
• Effective 30 days after hire
• One option available: Delta Dental fully insured plan
• Employee pre-tax contributions required

Vision Insurance

• Includes coverage for exams, lenses, frames, and contact lens care. Extra discounts and savings also apply.
• Eligible if at least .5 FTE (20 hours/week)
• Effective first of the month following one month of service
• One option available: VSP
• Employee pre-tax contributions required

Multi-Flex Benefit Plan

• Employee annual pre-tax contributions to health and/or dependent care reimbursement accounts
• Eligible upon hire
• Maximum annual contribution of $2,500 for health care and $5,000 for dependent care

Life Insurance

Basic Life and AD&D Insurance

• Eligible if at least .75 FTE (30 hours/week)
• Effective immediately
• Benefit equals 1.5 times annual earnings; maximum of $50,000
• No employee contribution

Voluntary Life and AD&D Insurance

• Eligible if at least .75 FTE (30 hours/week)
• Available for purchase at group rates, based on age
• Coverage available for employee, spouse, and children
• Various coverage levels available
• Premiums payroll deducted

Retirement 403(B) Plan

Employer Contribution

• Employer-paid contribution, deposited annually
• One year of service with at least 1,000 hours required for initial elgibility
• 1000 hours/year required for ongoing elgibility
• No employee contributions required
• Annual benefit amount:
  • 3% of annual earnings with < 5 years of service
  • 4% of annual earnings with 5-10 years of service
  • 5% of annual earnings with 10-15 years of service
  • 6% of annual earnings with 15+ years of service
• Benefits vested after three years of service

Employee Contribution

• All employees eligible to contribute upon hire
• Auto-enrollment feature is effective for new hires 1/1/13 and later at 3% contribution
• Will be effective as soon as administratively feasible
• Auto enrolled employees can elect to opt out with Lincoln Financial
• Tax-deferred contributions allowed up to indexed limits

Matching Contribution

• Annual contribution based on employee contributions, subject to employer discretion
• One year of service with at least 1,000 hours required for initial elgibility
• 1,000 hours/year required for ongoing elgibility
• Typical benefit formula: 25% x lesser of employee contribution or 6% of annual earnings
• Benefits vested after three years of service

Miscellaneous

Employee Assistance Program

• Services provided through the Employee Assistance Center:
  • Limited number of free counseling sessions
  • Referral services
  • Website resources
• Available to all employees and their immediate family members.

Workers' Compensation

• Covering work-related illnesses or injuries
• Benefits for medical expenses, wage loss, and vocational rehabilitation
• Covered upon hire

Direct Deposit

• Automatic deposit of paycheck into checking and/or savings account
• Eligible upon hire

Tuition Reimbursement

• Reimbursement for college and university courses
• Eligible after 90 days
• Annual benefit amount:
  • $1,500 for full time (40 hours/week)
  • $1,000 for part time (8-39 hours/week)
• Additional benefit available for employees pursuing Nursing degrees
• Courses or degree must be related to current or future job at Mary Free Bed

Continuing Education

• For seminars, workshops, conferences, and other job training
• Eligible upon hire
• Funds allocated at discretion of department manager