Benefits Package
Northeast Hospitals is an organization of people who have a
shared commitment to improve the health of the individuals and
communities we serve. We provide efficient, high quality care
through a comprehensive, integrated system of community-based
hospitals.
In order to attract and retain the talented workforce that we
need to fulfill this mission, we strive to provide a positive
environment that allows all employees to perform at their best.
This includes a wide variety of factors, including first class
technology, modern facilities, as well as an overall Human
Resources (HR) strategy. One component of the HR strategy that is
important to everyone is our benefits package.
Paid Time Off
Employees hired to work at least 20 or more hours per week,
begin accruing Paid Time Off (PTO) from the first day of
employment. Paid Time off encompasses time for vacation, holiday,
sick and personal use.
Paid Time Off (PTO) Cash-In
The Hospital encourages employees to use their Paid Time Off
(PTO) as time away from work. However, we realize employees may
have unexpected financial needs that can be addressed by providing
more flexibility in the use and/or payment of their accrued PTO
time. The Hospital will allow employees who have met certain
requirements, the ability to Cash-In a portion of their accrued PTO
time.
Shift Differential
We have competitive shift differentials paid for evening, night,
and weekend rotations.
Tuition Assistance
The Hospital will reimburse a percentage of the cost of
undergraduate as well as graduate level tuition. We also offer
tuition assistance under our Tuition Forgiveness Program, and
financial assistance for certification and conference
attendance.
Employee Assistance Program
The Employee Assistance Program (EAP) is a confidential
counseling service, which provides professional help for any type
of personal problem to all Hospital employees and their family
members.
Short-Term Disability
Voluntary short-term disability insurance is available to
eligible employees. This coverage provides a percentage of income
replacement for employees who are out of work due to disability.
Benefits may be payable for up to 26 weeks.
Long-term Disability
Long-term Disability coverage is available to full-time
employees after 90 days of employment at no charge. This coverage
provides disability income to employees who are out of work for
more than 26 weeks.
403(b)
Northeast Hospital's 403(b) Retirement Savings Plan allows
participating employees to save a percentage of their income on a
pre-tax basis. The income you choose to set aside for retirement,
(or, your "deferral"), is not subject to federal or state taxes,
normally, until retirement.
Following are some provisions of the plan:
- Employees may defer on a pre-tax basis up to the maximum
allowed by the IRS for the calendar year.
- Deferrals must be made as a payroll deduction; and can be
calculated as a whole percentage of pay or a dollar amount.
- Employees may elect to change their deferral amount at any
time.
- Participants may change their fund allocation as often as they
would like during the quarter.
- Vesting: You are always 100% vested in your
contributions. Upon separation from the Company, you are entitled
to receive the full amount of your salary deferral account.
- Hardship Withdrawal: A participant may receive
a distribution equal to the amount of the salary deferral account
in the event of an IRS-qualified financial hardship. (Subject to
taxes and penalty.)
- Rollovers: You may transfer funds from another
qualified plan or an IRA Rollover account and establish a rollover
account in the plan at any time.
Non-Contributory Retirement Plan
In addition to your Social Security benefits, Northeast Hospital
Corporation provides retirement income through a Defined Benefit
Cash Balance Pension Plan. This pension plan is fully funded by the
hospital and eligible participants are 100% vested after 3 years.
Account balances are credited with annual pay and interest credits.
If an employee should leave before retiring, they may either leave
their vested account balance in the plan, (if it exceeds $1000), to
accumulate additional interest until they choose to take a
retirement benefit, or, they may take their vested balance with
them. At retirement, vested participants have a choice of payment
options: lump sum or monthly annuity options.
Pre-Retirement and Retirement Counseling
One-on-one retirement counseling is offered for all Hospital
employees. Retirement and financial planning classes are also
periodically conducted, for employees and family members.
Medical and Dental Insurance
We offer a variety of health and dental insurance options. The
hospital contributes toward the monthly premium. Employees may
elect individual, two person or family coverage. Insurance premiums
are deducted from payroll on a pre-tax basis.
Vision Insurance
Vision Insurance is voluntary insurance coverage and is
available to employees at group rates; however, employees pay the
full cost for this insurance. Coverage is provided for exams,
frames and lenses; and providers are located in retail and
community settings.
Life Insurance
After 90 days of service, full time employees will be provided
with Life Insurance coverage at no charge. The Hospital pays the
full cost of the premium for a benefit that is equal to one times
annual salary. Full time and eligible part time employees may elect
voluntary supplemental coverage of 1, 2, or 3 times their annual
salary.
Medical and Dependent Care Reimbursement Accounts
Employees have the opportunity to pay for qualifying
out-of-pocket medical, dental, and vision care expenses with
"before tax" dollars. In addition, qualified dependent care
expenses at a licensed facility or w/ a qualified provider are
reimbursed w/ "pre-tax" dollars. Reimbursement may also be provided
with the use of a debit card or through direct deposit.
Direct Deposit
Employees may choose to have their payroll check deposited in up
to 4 accounts of their choice at any bank where they have existing
accounts.
Employee Banking Services
An on site automated teller machine, (ATM), is available at our
three major campus locations: Beverly Hospital, Addison Gilbert
Hospital and the Beverly Hospital at Danvers.
Discounted Homeowners and Auto Insurance
Benefit eligible employees are provided a discount program in
conjunction with Metropolitan Insurance. Through payroll deduction
employees are eligible to receive discounts on auto insurance and
homeowners rates.
Cafeteria
The hospitals enjoy an outstanding food service department, and
meals are available in our on-site cafeterias.
Pharmacy Program
A full time or part time employee, spouse, and dependents living
in the same household, as well as Hospital retirees and their
spouses may buy prescription medicine at the Hospital Pharmacy, if
stocked. Medications are priced at Hospital cost.
Parking
Parking is free at all of Northeast Hospitals facilities.
Pet Insurance
Northeast Hospitals Corp. has always provided excellent medical
benefits to employees, spouses and children. We are now pleased to
announce insurance to include your pets! We will offer a group
Veterinary Pet Program to all employees. This voluntary benefit
allows employees to receive a discount from the largest pet insurer
in the country. Anyone who has had a pet with a serious medical
problem knows how costly it can be.
Benefits Concierge Programs
We offer many services and discounted programs to our employees,
including discounted tickets to AMC Theaters, Canobie Lake Park,
Six Flags, Water Country, Dell Computers, Sensational Travel,
Enterprise Car Rental, HMA Car Care Auto Detailing, Discounted
Healthclub Memberships, Verizon, AT&T and Sprint/Nextel Cell
Phone Discounts, TD Garden Events, Ski Passes, and Weight Watchers
@ Work. This is an area that we continually work on to continue
offering an exciting, diverse range of discounts and programs for
our employees and their families.
Northeast Hospitals reserves the right to amend any and all
benefit provisions with or without notice. This overview serves as
a summary and is subject to change. Specific details of plan
coverage and exceptions will be determined by the carrier's
contract and /or the plan document. The contract and/or the plan
document prevail at all times.
