The following is a brief description of the Partners Residents
Benefits program. To be eligible for benefits you must be
regularly scheduled to work at least 87 hours per month at a standard
hospital salary of at least $833.34 per month. The benefits
program is designed to give you the flexibility to customize a benefits
program that meets your needs and the needs of your family.
Matriculants have 30 days from the date of hire to make benefit
elections; coverage is effective as of the hire date. Each
year during the annual benefits open enrollment period, you will
have the opportunity to change your coverage for the next calendar
year. In addition, you may make mid-year
changes in response to new “life events“.
Total Choice Pay
Partners provides core benefit coverage and also provides "Choice
Pay", which you may use towards the purchase of those benefits
which best address your current needs. You may use your Choice
Pay to pay for benefit coverage, to accumulate savings for retirement,
or you may elect to receive it as taxable compensation. It
is your decision during each annual enrollment period how to allocate
your Choice Pay for the next year.
You have a selection of six plans representing the full spectrum
of healthcare program offerings, from fee-for-service to HMOs:
BC/BS Master Health Plus, BC/BS Partners Plus, BC/BS Partners Value,
Harvard Pilgrim Health Care, Neighborhood Health Plan and Tufts
You will receive an additional Medical Participation Choice Pay
allocation (only if you elect medical coverage) toward the
purchase of medical insurance, the cost of which varies depending
on your level of coverage: employee only, employee plus spouse/same-sex
partner, employee plus children or family. Please note that
if you elect not to be insured by Partners you will be asked to
show evidence that you are appropriately insured through another
Prescription Drug Coverage
If you enroll in a medical insurance plan you will automatically
be enrolled for pharmacy coverage. The pharmacy benefit is
provided through Medco® and provides prescription drug coverage
using a network of participating pharmacies or mail order service.
Long Term Disability
You may elect Long Term Disability insurance coverage, which would
continue your pay at either 60% or 80% if you become disabled for
more than 90 days. In addition to the continuance of a portion
of your monthly income, you would be able to continue your medical,
dental, vision and basic life insurance coverage at the employee
rate. The plan has loan repayment options, a
portability provision and a feature that protects against future
earnings loss due to disability.
You may select from two Delta Dental plans: Major or Basic.
You will receive an additional Dental Participation Choice Pay allocation
(only if you elect dental insurance) toward the purchase
of dental coverage, the cost of which varies depending on your level
of coverage: employee only, employee plus spouse/same-sex
partner, employee plus children or family.
Davis Vision provides coverage for basic vision services using a
network of participating optometrists. A reduced level of
benefit is available for out-of-network services.
Life Insurance and Accidental Death and Dismemberment Insurance
Partners provides you with basic group term life insurance coverage
equal to one times your annual base pay as part of your core benefit
program. You may choose to purchase additional life insurance
or Accidental Death & Dismemberment (AD&D) insurance to
increase your level of coverage, and/or you may purchase coverage
for your spouse/same-sex partner and/or dependent child(ren).
Flexible Spending Accounts
You may establish reimbursement accounts for health care and/or
dependent care expenses. These accounts are used to set aside
pre-tax dollars to reimburse out-of-pocket dependent care expenses
and/or uninsured medical, dental and/or vision care expenses.
The annual maximum for the Health Care Account is $3000.00, and
the maximum for the Dependent Care account is $5000.00 per family.
(The IRS prohibits using reimbursement accounts to reimburse you
for expenses incurred by domestic partners or their dependent children)
Partners offers two types of 403(b) Tax Sheltered Annuity (TSA)
accounts through which you can voluntarily save money for retirement
through salary reduction. You may make pre-tax contributions
through the Traditional TSA and/or after-tax contributions through
the Roth TSA Program. These are completely employee-funded.
The investment providers available are TIAA-CREF, Fidelity
Investments and the Vanguard Group.