Benefits overview

The following is an outline of the array of benefits provided by Saint Joseph’s College to its employees. For more detailed information, you may call Heidi Jacques at extension 7756 or click on the benefit.

Click on the company name to visit their Web site.

MEDICALCIGNA Corp.

The College provides medical insurance to employees and their immediate family. Coverage is contributory; full time employees share the cost of the premium and regular part-time administrative staff (working at least 24 hours per week) pay the full group premium.

Locally Available Discount Prescription Options

Hannaford
Walmart 

For those employees who participate in these programs, you can have the pharmacy saver program charges applied to your deductible. To have those $4/$10 charges applied you will need to complete a pharmacy claim form each time you fill a script and forward it to CIGNA. They will apply those $4/$10 co-pays to the deductible once received.

DENTALCIGNA Corp.
The College provides dental insurance to employees and their immediate family. Coverage is contributory; full time employees share the cost of the premium and regular part-time administrative staff (working at least 24 hours per week) pay the full group premium.

GROUP LIFE – Lincoln Financial
The benefit is a $20,000 term life insurance policy carried in the employee’s name. Coverage is non-contributory (the total premium is paid for by the College) for full time employees. Regular part-time administrative staff (working at least 24 hours per week) may elect this coverage and pay the full group premium. The basic coverage also has an AD&D rider that may increase the benefit if there is an accidental death or dismemberment

SUPPLEMENTAL LIFE – Lincoln Financial
Full time and regular administrative staff may elect supplemental life insurance coverage in $10,000 increments up to seven times their basic annual earnings rounded to the next higher $10,000, to a maximum of $520,000. At time of hire any amounts below $150,000 are guaranteed but amounts above that are subject to satisfactory evidence of insurability.

FLEXIBLE SPENDING ACCOUNTSGroup Dynamics, Inc.
Saint Joseph’s College offers tax-exempt flexible spending accounts for dependent care and medical reimbursement. These accounts allow full and regular part time (working at least 24 hours per week) employees to put money aside pre-tax to pay for eligible expenses.

HEALTH REIMBURSEMENT ACCOUNT (HRA)CIGNA Corp.
An HRA or Health Reimbursement Account is an account that is set up by the College in which it deposits money for you to cover eligible expenses. This account is paired with the PPO ($1250/$2500 deductible) health plan. The College will deposit $250 for single and $1,050 for family plans. It will also be used to deposit Wellness incentive money for participants in this health plan. The benefit of an HRA over the FSA is that the money will roll over from year to year. It will be available to you as long as you are an active employee of the College. This benefit is offered to full time and part time (working at least 24 hours per week) employees.

HEALTH SAVINGS ACCOUNT (HSA) - CIGNA Corp.
An HSA or Health Savings Account is an account that you set up. Both you and the College deposit pre-tax dollars into this account to cover eligible expenses. The College will deposit $350 for singles and $725 for family plans. It will also be used to deposit Wellness incentive money for participants in this health plan. Unlike the HRA or FSA, this is your personal account and can be used after you leave the College. This account must be paired with a Qualified High Deductible Health Plan (QHDHP). At SJC the qualified high deductible health plan is our PPO ($2,500/$5,000 deductible) plan. This benefit is offered to full time and part time (working at least 24 hours per week) employees.

LONG TERM DISABILITY – Lincoln Financial
The College’s Disability Insurance Plan covers regular, full-time employees. The College pays the full cost of this plan. The plan has a 180-day waiting period. It provides 60% of basic monthly earnings to a maximum benefit of $10,000 per month.

RETIREMENT – TIAA/CREF or VALIC
Saint Joseph’s College offers an IRS Section 403(b) defined contribution pension plan to regular full-time employees. After the completion of a one-year waiting period, the College contributes the equivalent of five percent (5%) of base salary to the investment company of their choice. Individual participation is voluntary and available to all employees at any time. The amount that an employee may choose to contribute individually is subject to a maximum exclusion allowance calculation pursuant to IRS guidelines.

TUITION REMISSION
After a six month waiting period, full-time employees are eligible for tuition remission. The equivalent of four courses per academic year may be taken, but no more than one course per semester or one online course at a time. They can be undergraduate and/or graduate courses.

Undergraduate tuition remission is tax exempt.  Beginning in 2012 graduate tuition remission is tax exempt up to $5250 per calendar year.  Graduate tuition remission amounts above $5250 in a calendar year are subject to federal and state taxes.

After a one year waiting period dependents of full-time employees are eligible for undergraduate course tuition remission.

TUITION EXCHANGE
The College is a member of two national scholarship exchange programs for institutions of higher education: the Tuition Exchange Inc. (TE) and the Council of Independent Colleges (CIC). Through these organizations tuition reimbursement for the dependent children of full time college employees is available at over 350 colleges, most of which are private.

EDUCATIONAL ASSISTANCE BENEFIT PLAN Saint Joseph’s College has established this Educational Assistance Benefit Plan for the exclusive benefit of its eligible full-time tenured faculty members in good standing.  Tenured faculty in the Departments of Nursing, Business, and Communications who do not already have doctorate degrees are eligible to participate in the Plan. The purpose of the plan is to provide financial assistance to eligible full-time tenured faculty in meeting all or a portion of the cost of attending qualified educational courses towards the completion of a doctoral degree.

TUITION REMISSION PART-TIME NURSING CLINICAL FACULTY Saint Joseph’s College offers a tuition remission benefit to eligible part-time clinical nursing instructors for classes taken in the Masters of Science in Nursing Program. The equivalent of one course for each clinical taught may be taken with a maximum of two per academic year. Graduate tuition remission is a taxable benefit.

SOCIAL SECURITY AND MEDICARE
With few exceptions, which are explained to the individuals to whom they apply, both Saint Joseph’s College and each employee pay an equal amount of tax for Social Security and Medicare as defined by the Federal Insurance Contributions Act (FICA).

UNEMPLOYMENT COMPENSATION
Unemployment compensation coverage is provided as required by the State of Maine.

WORKER’S COMPENSATION
The Maine Worker’s Compensation Act protects employees against accidental injury and/or illness occurring in or arising out of the workplace. This benefit covers medical expenses incurred as a result of the injury and lost time.