Faculty and Staff Benefits

We offer the choice of two medical plans – The MonteCare EPO and MonteCare PPO Plans. Both plans utilize providers in the Montefiore network and the Anthem PPO network. Employee cost share will be higher for Anthem providers and facilities outside of the Montefiore network. The MonteCare PPO Plan gives employees the flexibility to use providers and facilities outside of the Montefiore and Anthem networks, but the cost will be higher for healthcare services received out of network.

The prescription drug benefits are included with medical coverage and are administered by Express Scripts Inc (ESI). In addition to the retail pharmacies in the ESI network, and the ESI home delivery service, employees can use the Montefiore Specialty Pharmacy to fill their prescriptions. Prescriptions filled at the Montefiore Specialty Pharmacy are delivered to the Weiler Hospital Pharmacy on the Einstein Campus daily.

We offer the choice of four dental plans administered by Cigna.  The Preventive & Diagnostic Care Plan, the Cigna DHMO Plan, and two Cigna PPO plans. During the first year of employment, employees pay 100% of the cost. After one year, Einstein begins to subsidize the premiums for the Preventive & Diagnostic Plan and the PPO Plans.

We offer two vision plan options – the high option and low option plans both of which are administered by Spectera, UnitedHealth Care’s vision program. The plan provides benefits for routine eye exams, eyeglasses or contact lenses. Employees pay 100% of the premium.

Life insurance is designed to pay a benefit to an employee’s named beneficiary if the employee dies from any cause while coverage is in effect. We provide employees with basic life insurance equal to one times annual base pay (maximum covered salary is $250,000). After one year of service, the coverage is provided at no cost to the employee.

Employees can purchase supplemental life insurance from one to eight times annual base pay (maximum covered salary is $250,000) up to a maximum of $1,250,000. Premiums are age-based and are dependent on the amount of coverage elected. Dependent coverage is also available.

Accidental Death & Dismemberment (AD&D) insurance pays a benefit to the employee for loss of sight or limb, or to a named beneficiary, if death is as a result of an accident. We provide basic AD&D insurance equal to one time’s annual base pay (maximum covered salary is $250,000). After one year of service, the coverage is provided at no cost to the employee.

Employees can purchase optional AD&D insurance from one to seven times annual base pay (up to a maximum of $750,000). No evidence of insurability is required, and premiums are based on the amount of coverage elected.

Disability benefits continue part or all of an employee’s earnings if they are ill or injured and unable to work. Short term disability benefits include paid sick leave and supplemental sick pay for up to 26 weeks.

If disability lasts for more than 26 weeks, basic long-term disability benefits begin and continue 60% of pre disability earnings up to a maximum monthly benefit. Employees may purchase additional coverage that would provide a higher monthly benefit in the event of disability. Employees pay the full cost of the basic and any additional coverage elected, but the benefits they receive while disabled are free from federal income tax.

Flexible Spending Accounts (FSAs) are available to help pay for out-of-pocket healthcare and/or dependent care expenses. Contributions are made on a pre-tax basis which lowers an employee’s taxable income.

A commuter and parking reimbursement program is available to help pay mass transit and/or parking expenses incurred for travel to and from an employee’s work location. Contributions are made on a pre-tax basis which lowers an employee’s taxable income.

The Einstein 403b Plan is a defined contribution plan administered by Fidelity Investments. Pre-tax and after-tax Roth contributions are available under this plan. Einstein provides a non-elective contribution equal to 7.5% of base pay up to an annual compensation limit of $295,000. Investment offerings under the plan include 3 stable value funds, 5 bond funds, and 12 stock funds which include value, blend, growth and international funds, a real estate fund and 13 target date life cycle funds.

The Einstein 457b Plan is a deferred compensation plan administered by Fidelity and is only available to a select group of management employees earning over 140% of the Social Security Wage Base as indexed each year.

Group Legal Services are provided by Hyatt Legal Services. This coverage helps pay all or part of the cost of a wide range of personal legal services through a network of participating attorneys.

We currently provide tuition support benefits to eligible full-time faculty members for their dependent children enrolled in undergraduate or graduate degree programs at accredited institutions of higher education. The total number of years for which each child is eligible for reimbursement is four years – combined for both undergraduate and graduate levels of study.

We currently provide tuition reimbursement benefits to eligible full-time exempt staff, after the completion of 1 year of service, attending an educational institution accredited by the American Council of Education. Reimbursement of tuition costs for courses or degree programs which are determined by the College to be directly related to the employee’s current job assignment or that lead to reasonably available promotional opportunities will be considered for reimbursement.  The maximum amount of tuition reimbursement is $5,000 annually.