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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
© 2012 Mary Free Bed Rehabilitation Hospital., Grand Rapids, MI | 1.855.MFB.REHAB
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