Benefits Summary for Eligible Employees
This benefit summary is designed to provide potential employees with an overview of the benefits provided by the Hospital. It is not an exhaustive list nor is it meant to provide the complete terms and conditions of the benefits as they are too extensive to include here. Upon an offer of employment, more information will be provided regarding eligibility, rates, terms and conditions, all of which are contained in the Employee Benefit Program Booklet available at Human Resources.
Employees who work in a permanent budgeted position with a regular schedule of 20 hours or more per week are eligible to participate in the Employee Benefits Program.
Health and Welfare Benefits
During your first month of employment, you may elect comprehensive individual, dual or family coverage in one of several health insurance options. All benefit elections are effective on the first of the month following your date of hire.
The amount you contribute each week will be paid with pretax dollars (before federal, state, and social security taxes are withheld). Choices include:
- Harvard Pilgrim Health Insurance (3 options available: Value Plan, Plus Plan, PPO)
- Dental Insurance
- Vision Care Insurance
- Disability Insurance, Short Term and/or Long-Term
- Hospital-paid life insurance for eligible employees equal to their annual salary
- Additional Life Insurance, Accidental Death and Dismemberment Insurance, Spousal
- Life Insurance, Dependent Life Insurance
- Health and Dependent Care Reimbursement Accounts
- Pre-Paid Legal Insurance.
You may participate in our voluntary retirement savings program that offers you the advantage of saving money while deferring taxes. These contributions are invested in a Fidelity Investments mutual fund of your choice.
Direct Deposit/Savings Bonds
You may sign up immediately for direct deposit and have your net pay electronically transmitted from our payroll department to the bank account(s) of your choice. You may also purchase US Savings Bonds by payroll deduction.
There are two credit unions available to employees. Services offered include checking and savings accounts, vacation and holiday clubs, and loans and mortgages.
Other benefits in which an employee may participate at favorable group rates include Long Term Care Insurance and Retirement Health Insurance. You may also participate in a 529 Plan (college savings) from Fidelity Investments.
Basic Pension Plan
Upon completion of a year of eligible service, the hospital will contribute two percent of your base pay to your Fidelity account.
Paid Time Off
The paid time off program consists of two components: Earned Time and Extended Illness Bank.
Earned Time (ET) is used for absences for personal illness, vacation and holidays. This provides you with maximum flexibility in determining the use of your paid time-off benefit. ET hours are accrued weekly based upon scheduled hours and length of employment. The accrual rate for full time increases at 3 years, 5 years, 7 years, 9 years 12 years and 15 years.
The accrual is pro-rated for eligible part time employees. ET is owned by the employee after six months of eligible employment and is paid out at termination after completion of six months.
Extended Illness Bank (EIB) hours are accrued separately to be used in the event of an illness over 3 days in duration.
Employee Assistance Program - EAP
You may take advantage of the hospital's Employee Assistance Program. Highly trained professional counselors provide confidential assistance to employees and their family members living in the same household.
Safe and convenient parking lots are located on-site or within minutes from the workplace.
For More Information
This summary is intended to be a general outline of benefits available to employees of Beth Israel Deaconess Hospital-Needham. Although every effort has been made to see that it is accurate, the hospital reserves the right to change, amend and/or discontinue benefits or policies at any time. If you have any questions or would like further information, please contact the Human Resources department at (617) 754-0561. In the event of inconsistencies, the plan documents will govern.