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

(optional)

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

(optional)

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:

 

1) SecureOne/PPOM self-funded PPO plan

 

 2) Priority Health self-funded EPO plan

Employee pre-tax contributions required

Dental Insurance

(optional)

Includes preventative, restorative, and orthodontia
Eligible if at least .5 FTE (20 hours/week)
Effective six months after eligibility date
One option available: SecureOne self-funded plan
Employee pre-tax contributions required with some elections

Vision Insurance

(optional)

Includes coverage for exams, lenses, frames, and contact lenses, plus extra discounts and savings
Eligible if at least .5 FTE (20 hours/week)
Effective the first of the month following one month from eligibility date
One option available: VSP
Premiums payroll deducted

Multi-Flex Benefit Plan

(optional)

Employee annual pre-tax contributions to health and/or dependent care reimbursement accounts
Eligible upon hire
Maximum annual contribution of $5,200 for health care and $5,000 for dependent care


Life Insurance

Basic Life Insurance

Eligible if at least .75 FTE (30 hours/week)
Effective immediately
Benefit equals 1.5 times annual earnings; minimum of $25,000 and maximum of $50,000
No employee contribution

Voluntary Life and

AD&D Insurance
(optional)

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

Pension Plan

Monthly income upon retirement
Eligible to participate after one year with 1,000 hours worked and age 21
Vested after working 1,000 hours in each of 5 years
Funded entirely by Mary Free Bed

Tax Deferred Annuity (TDA)

Employee pre-tax contributions invested in annuities or mutual funds

403(b) Plan

(optional)

Eligible upon hire
Accounts may be established with one of several investment companies

TDA Matching Contribution

Hospital contribution to a TDA account, deposited annually
Benefit equals employee contribution (up to 6% of salary) times 10% after 2 years of service and 25% after 5 years of service
1,000 hours/year required for years of service and continued eligibility


Miscellaneous

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)

Course must be related to current or future job at Mary Free Bed
Approval must be obtained before course ends

Continuing Education

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