BMC HealthNet Plan offers employees a full range of benefits that are highly competitive by industry standards. Our benefit plans are designed to provide you with healthy lifestyle choices. We hope the flexibility and comprehensiveness of our benefits enable you and your family to live a healthy and full life. Listed below is a brief summary of our benefit plans. BMC HealthNet Plan reserves the right to modify or terminate any of these plans at any time.
Two medical plans are offered through Harvard Pilgrim, and dental coverage is offered through Delta Dental. The Plan and employees share the cost of this coverage with employees paying a portion of the premiums. The employee portion of the premium is paid on a pre-tax basis through payroll deductions. Coverage for medical and dental plans takes effect your first day of work.
Alternative Health Insurance Benefit
BMC HealthNet Plan offers health insurance to eligible employees and contributes to the cost of such coverage. BMC HealthNet Plan also offers a financial benefit to eligible employees who decline the Plan’s insurance coverage because they have alternative group coverage. Employees who are eligible for the Plan-sponsored health benefits but obtain coverage under another group health plan may decline the Plan benefit and receive $50 per pay period. Employees must provide written proof of other group medical insurance. The other medical coverage cannot be Medicaid, Medicare, COBRA, a parent’s insurance, or a plan purchased as an individual.
Employees are eligible to participate in the 401(k) Plan effective the first day of hire and may contribute a minimum of 2% of annual earnings up to the maximum allowed by the IRS. Employees 50 years of age and older may also contribute an additional “catch-up” amount in accordance with IRS regulations. After six months of service, employees are eligible for up to a 6% company match. The employer match is 100% for the first 3%, then 50% for the next 4%-9%. The 401(k) plan is administered through Fidelity Investments.
Flexible Spending Accounts
These plans offer employees the opportunity to pay for out-of-pocket health (medical and dental), dependent care expenses, and parking associated with public transportation with tax-free dollars. Reimbursements of expenses are administered through Health Equity. Employees are eligible to participate the first day of hire.
Short Term Disability (STD)
This benefit is provided at no cost to the employee. Coverage is provided at a benefit level of 60% of gross weekly earnings up to a maximum of $2,000 per week and may continue for up to 26 weeks. STD is administered through SunLife (Genworth).
Long Term Disability (LTD)
LTD coverage is provided at a benefit level of 60% of gross monthly earnings, up to a maximum of $8,000 per month. This is offered at no cost to the employee and is administered through SunLife (Genworth).
Supplemental Long Term Disability
Eligible employees have the option to purchase additional long-term disability coverage at a discount. The policy is fully portable and is offered through Mass Mutual Insurance.
Group Life and Accidental Death & Dismemberment Insurance
Basic group life and AD&D insurance is offered at no cost to the employee. Coverage is two times base salary up to a maximum of $400,000.
In addition, at no cost to the employee, the BMC HealthNet Plan provides $5,000 in basic dependent life coverage for an employee’s spouse, and $2,500 for dependent children ages 6 months to 19 years, or through age 25 years for full-time students. Coverage is effective the first day of hire and is offered through SunLife (Genworth).
Voluntary Life Insurance
Eligible employees have the option to purchase additional life insurance for themselves and their dependents through SunLife (Genworth).
After six months of continuous employment, regular full-time employees are eligible for 75% reimbursement up to $5,200 per year for job related/company related courses taken at an accredited institution, where program grade requirements are met.
Employee Referral Program
BMC HealthNet Plan recognizes that employees are an excellent resource for identifying applicants for employment. As such, we provide a bonus payment to eligible employees who refer a qualified applicant for a current job opening resulting in the hire of the referred applicant, who completes their first 90 days of employment.
Subsidized Public Transportation/Parking
BMCHP offers a generous 25% subsidy to public transportation or parking at the Clarendon Garage in Boston or at the Springfield Parking Authority 91 South Parking Garage.
Earned Time (ET)
The Plan provides employees with paid earned time (ET) for vacation, illness (sick time), and personal matters. Earned Time is accrued on a weekly basis.
Holidays and Floating Holidays
The Plan provides nine days of holiday pay for full-time employees. Part-time employees have holiday pay pro-rated based on their regularly scheduled work hours.
Employee Assistance Program
Through KGA, the Plan offers an Employee Assistance Program (EAP) that provides confidential and professional counseling, education, and referral services, including childcare referrals, to employees and members of their families.
Working Advantage and Mares
Free to all employees, these recreational benefits offer a wealth of discount opportunities. In addition, we offer in-house movie ticket sales and seasonal tickets such as (Six Flags and ski lift tickets).
BJ’s Wholesale Club
Employees receive a discount on their annual membership fee, and an additional three months of membership (15 months total).
Metropolitan Credit Union
Metropolitan Credit Union offers employees a range of financial services and a convenient way to access and use Metro products and services through your work environment. Deposits are made through payroll deduction.
Employees are eligible for discounts on Dell computers.
Employees may be eligible for cell phone and service plan discounts.