Employee Financial Benefits
Flexible Spending Account
Regular full-time or part-time employees budgeted a minimum of 40 hours per pay period may enroll in the flexible spending account with UMR, effective each January. A flexible spending account is available to fund for any unreimbursed medical or dental expenses, as well as dependent care expenses you may incur. Your specified amount would be deducted from each paycheck on a pre-tax basis, giving you a tax-effective way to pay for these expenses.
Life/Accidental Death & Dismemberment Coverage
If you are a full-time or part-time employee budgeted to work a minimum of 40 hours per pay period, you will be eligible for life insurance the first of the month following 90 days of employment. This coverage is administered by Reliance Life Insurance, Customer Service 1-800-644-1103.
Basic Term Life/AD&D
The hospital provides basic term life and AD&D insurance in the amount of one times your annual salary. Little Company pays the entire cost for this coverage.
Supplemental Term Life Insurance
You may elect to purchase additional supplemental term life insurance on yourself in the amount of one, two or three times your annual salary. Premiums are based on your age and coverage amount and are provided at discounted group rates.
Permanent Life Insurance
You may also choose to purchase additional whole life insurance through the Metropolitan Life Insurance Company after you have been employed for one year during annual open enrollment. Coverage is available on yourself, your spouse, and your dependent children. This insurance is portable, and you can carry it with you wherever you work, or into retirement.
Retirement Program -- Little Company of Mary 401(k)Plan
The Hospital provides automatic enrollment into the Little Company of Mary 401(k) Plan. This contributory plan provides for growth on pretax monies being invested for retirement purposes. Please see the packet of information for more detail or visit the investment company's website at www.divinvest.com.
Tuition Reimbursement
Once you have worked at Little Company as a regular status employee for six months, you are eligible to receive reimbursement for college tuition expenses. Full-time employees meeting the requirements may be eligible for reimbursement of up to $4000 per fiscal year. Part-time employees meeting the requirements may be eligible for reimbursement of up to $2000 per fiscal year.
