Benefits: Exempt and Non-Exempt Staff

Medical

Einstein offers two medical plan options: the MonteCare EPO and the MonteCare PPO. While each option generally covers the same healthcare services, they differ in the amounts of cost sharing (deductibles and co-insurance), premiums and providers that can be used. The plans use the Empire BlueCard PPO network and the Montefiore network. An employee’s share of the cost will be higher for Empire PPO facilities and providers outside Montefiore and the Montefiore Integrated Provider Association network. The MonteCare PPO offers the flexibility to choose any provider; however, costs will be higher for out-of-network healthcare services.

Prescription Drug Benefits

The prescription drug plan is administered by Express Scripts, Inc. (ESI) and is available to employees enrolled in the Montefiore health plans. Employees can use retail pharmacies in the ESI network, the ESI home delivery pharmacy service and the Montefiore Outpatient Pharmacy. Prescriptions filled at the Montefiore Outpatient Pharmacy will be delivered to the ScriptCenter on Einstein’s campus daily.

Dental Benefits

Einstein offers four dental plan options: Preventive and Diagnostic Care, the Cigna Dental Health Maintenance Organization (DHMO) plan, the Cigna Dental PPO plan and the Cigna Dental PPO Enhanced plan. During the first year of employment, employees pay 100% of the cost. After one year, Einstein begins to subsidize the premiums for Preventive and Diagnostic Care and the Cigna PPO plans.

Vision Benefits

Einstein offers two vision plan options: high option and low option. Both options are administered by United HealthCare Vision. The plan provides benefits for routine eye exams, eyeglasses and contact lenses. Employees pay 100% of the premiums for vision benefits.

Life and Accident Benefits

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. Einstein provides basic life insurance equal to an employee’s annual base salary. (The maximum covered salary is $250,000.) After one year of service, the coverage is provided at no cost to the employee.

Supplemental life insurance from one to eight times the employee’s annual base salary (up to a maximum of $1,000,000) is available. Amounts in excess of three times the annual base salary require evidence of insurability. Employee costs are based on age, whether or not tobacco is used and the amount of coverage elected. Dependent coverage is also available.

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

Optional AD&D coverage from one to seven times the annual base salary (up to $750,000) is available. No evidence of insurability is required and premiums are based on the amount of coverage elected.

Life and AD&D coverage are also available for dependents.

Disability Benefits

Disability benefits continue part or all of an employee’s earnings if the employee is 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 (LTD) benefits begin and continue paying 60% of the employee’s predisability earnings up to the maximum monthly benefit of $6,000. Employees may purchase additional LTD coverage that would provide a higher monthly benefit in the event of disability. Employees pay 100% of the cost for basic and any additional LTD coverage elected, but the benefits they receive while disabled are free from federal income tax.

Flexible Spending Accounts

Flexible spending accounts are available to help pay out-of-pocket healthcare and/or dependent-care expenses. Contributions are deducted on a pretax basis, which lowers an employee’s taxable income.

Commuter Benefits

Commuter benefits are available to help pay mass transit and/or parking expenses through pretax payroll deductions, which lower an employee’s taxable income.

Retirement Benefits

The Einstein 403b plan is a defined-contribution plan administered by Fidelity Investments. Pretax and after-tax Roth contributions are available under this plan. Einstein provides a nonelective contribution equal to 7.5% of base pay up to an annual compensation limit of $265,000. 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 available only to a select group of management employees earning more than 140% of the Social Security wage base as indexed each year.

Group Legal Services

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.

Tuition Reimbursement

Einstein currently provides tuition-support benefits to eligible full-time exempt staff attending educational institutions accredited by the American Council of Education. Tuition costs for courses or degree programs that are determined by the college to be directly related to the employee’s current job assignment or that lead to reasonably available promotion opportunities will be considered for reimbursement.