Benefits: Faculty

Medical

Einstein offers two medical plan options– the MonteCare EPO and MonteCare PPO. While each option generally covers the same healthcare services, they differ in the amount 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. Employee’s share of the cost will be higher for Empire PPO facilities and providers outside of the Montefiore network and the Montefiore Integrated Provider Association network. The MonteCare PPO gives the flexibility to choose any provider, however, costs will be higher for healthcare services received out of network.

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 are delivered to the Weiler Hospital Pharmacy on a daily basis.

Dental Benefits

Einstein offers four dental plan options– Preventive & 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 Health Care Vision. The plan provides benefits for routine eye exams, eye glasses or contact lenses. Employees pay 100% of the premium 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 one times an employee’s annual base salary (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 annual base salary (up to a maximum of $1,250,000) is available. Amounts in excess of three times 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 & Dismemberment (AD&D) Insurance pays a benefit to the employee for loss of sight or limb, or to a named beneficiary, if death is as the result of an accident. Einstein provides basic AD&D insurance equal to one times annual base salary (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 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.

Disability Benefits

Disability benefits continue part or all of an employee’s earnings if they are 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 benefits begin and continue 60% of pre disability earnings up to the maximum monthly benefit of $6,000/month. 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 buy-up LTD coverage elected, but the benefits they receive while disabled are free from federal income tax.

Flexible Spending Accounts

Flexible Spending Account (FSA) accounts are available to help pay out-of-pocket healthcare and or dependent care expenses. Contributions are deducted on a pre-tax basis which lowers an employee’s taxable income.

Commuter Benefits

Commuter benefits are available to help pay mass transit and/or parking expenses through pre-tax payroll deductions which lowers an employee’s taxable income.

Retirement Benefits

The Einstein 403b Plan is a defined contribution plan administered by Fidelity Investments. Pre-tax and after-tax Roth contributions are available under this plan. Einstein provides a non-elective contribution equal to 7.5% of base pay up to an annual compensation limit of $285,000. 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 only available to a select group of management employees earning over 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.

Bright Horizons

Bright Horizons Emergency Back-Up Care and Enhanced Family Support – This program can help you find emergency back-0up childcare and eldercare in your home or at nearby centers or partner centers. Enhanced family support offered through a free SitterCity membership can provide additional assistance.

Child Tuition Program

Einstein currently provides tuition-support benefits to eligible full-time faculty members for their dependent children enrolled in undergraduate- or graduate-degree programs at accredited institutions of higher education. Each child is eligible for reimbursement for a maximum of four years, for both undergraduate and graduate levels of study combined.