Employee Benefits
Employee Benefits are a key component of the compensation program at Saint Michael’s College. Benefits include medical, dental, 401k, tuition remission, life and disability insurance, community service, an employee assistance program, paid time off, and much more. Employees of Saint Michael’s College enjoy a beautiful campus setting, access to athletic facilities and special campus events such as lectures, concerts and theater productions.
The following is a summary of the benefits provided to eligible employees of Saint Michael’s College. Health and dental coverage begins on the first day of the month following date of hire. Click here for the 2024 benefits guide.
Eligibility: Benefit eligible employees are those employees who work a minimum of 30 hours per week for a minimum of 39 weeks per year.
Important Note: Information regarding benefit enrollment, effective dates of coverage, and policy specifics are available at the Office of Human Resources. The College reserves the right to amend, change, or terminate any benefit plan at any time. The descriptions above are intended to provide a brief summary of the benefit plans. If there is any discrepancy between the language in this summary and the actual policy or contract held in the Office of Human Resources, the actual policy or contract governs.
Healthcare
Saint Michael’s College offers employees the choice of three medical plans through Cigna: the Platinum Open Access Plus Plan (OAP), the Gold Open Access Plus Plan (OAP), and the Silver Open Access Plus (OAP) HDHP Plan with HSA. All of our medical plans include 100% coverage for preventive care services in the Cigna Network.
INCLUDED WITH ALL MEDICAL PLAN OPTIONS: Our medical plans include access to Cigna’s Telehealth Connection services. You can interact with in-network, U.S. board certified physicians 24 hours a day/365 days a year via secure video chat or phone. No need to leave your home or office … and no appointment is necessary!
For more details, click to see the 2024 Benefits Guide.
The link below leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
https://www.cigna.com/legal/compliance/machine-readable-files
Dental
Saint Michael’s College offers two dental plans through Cigna. There are slight differences in coverage, so it’s important you choose which plan is right for your needs. Look at the factors such as the amount you pay for coverage, annual deductible, annual maximum, and your out-of-pocket costs on services.
For more details, click to see the 2024 Benefits Guide.
Vision
You have a choice between two voluntary vision plan options, both provided by Vision Service Plan (VSP). There is a Basic Plan and an Enhanced Plan with enhanced benefits. Review the plans and choose which works best for you.
For more details, click to see the 2024 Benefits Guide.
Flex
HEALTHCARE FSA: A Flexible Spending Account (FSA) allows you to set aside money from your paycheck before income taxes are withheld. This money is available to pay for eligible medical, dental, and vision expenses, such as copayments, deductibles, eyeglasses, contact lenses and other health-related expenses that are not reimbursed by insurance.
DEPENDENT CARE FSA: The Dependent Care FSA allows you to set aside money from your paycheck on a pre-tax basis for daycare expenses to allow you and your spouse to work or attend school full-time. Eligible dependents are your tax dependent children under 13 years of age, or a child over 13, spouse or elderly parent residing in your home, who is physically or mentally unable to care for himself or herself.
This plan is administered by Business Plans, Inc. http://www.mycafeteriaplan.com. Certain restrictions apply.
For more details, click to see the 2024 Benefits Guide.
Life Insurance and Disability
In addition to the College-provided benefits summarized here, you may purchase additional or “Supplemental” Life and Accidental Death and Dismemberment insurance for yourself and your spouse or civil union partner and/or child(ren). You pay the full cost of any voluntary insurance plan coverage, which is deducted from your paycheck on an after-tax basis.
Rates and additional information are available through the Benefits Department.
For more details, click to see the 2024 Benefits Guide.
Financial Resources
SAINT MICHAEL’S 401(K): Saint Michael’s provides eligible faculty and staff with a 401k retirement plan option. Our plan record keeper is Milliman. With Milliman, you will have the opportunity to invest your money in 24 different options.
How Much Can I Set Aside? – Our plan allows you to put aside up to 100% of your earnings, pre-tax, through bi-weekly payroll deduction up to the annual IRS maximum.
Does the College Contribute to My 401(k)? – Yes! The College will make a contribution (after completion of 1 year of service, on the first of the following quarter) to your 401k account. The current contribution amount is 3%. Employees are immediately vested in their contributions and the employer contributions. Your contribution and employer contributions are deposited into your account each pay period.
If you are a current employee and wish to check the latest information about your retirement benefits, or wish to enroll in the 401(k) Plan, please go to www.millimanbenefits.com or call the Milliman telephone hotline at 1.866.767.1212.
For more details, click to see the 2024 Benefits Guide.
Employee Assistance Program
We offer an Employee Assistance Program (EAP) to employees and their extended families through Invest EAP. This program offers several different types of assistance including Emotional Well-Being, Legal Consultations & Referrals, Financial Consultations & Referrals, Health Coaching & Referrals and Family & Caregiving Resources & Referrals.
For more details, click to see the 2024 Benefits Guide.
Education
Education Benefits
Upon completion of three months of employment, regular benefits-eligible College employees may take one course per academic session tuition-free. Additional courses in the same academic session are at one-half tuition.
Dependent children are entitled to participate in the Tuition Remission and Tuition Exchange Programs leading to the completion of requirements for their first undergraduate degree. After one year of service, waivers are provided on tuition at Saint Michael’s College according to a five-year vesting schedule, which increases 20% with each year of completed service. To qualify for the Tuition Exchange program, an employee must have worked for a minimum of five full years of continuous service.
Spouses of regular benefits-eligible employees are entitled to tuition waivers for one course per academic session after the employee completes one year of service.
Healthcare
Saint Michael’s College offers employees the choice of three medical plans through Cigna: the Platinum Open Access Plus Plan (OAP), the Gold Open Access Plus Plan (OAP), and the Silver Open Access Plus (OAP) HDHP Plan with HSA. All of our medical plans include 100% coverage for preventive care services in the Cigna Network.
INCLUDED WITH ALL MEDICAL PLAN OPTIONS: Our medical plans include access to Cigna’s Telehealth Connection services. You can interact with in-network, U.S. board certified physicians 24 hours a day/365 days a year via secure video chat or phone. No need to leave your home or office … and no appointment is necessary!
For more details, click to see the 2024 Benefits Guide.
The link below leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
https://www.cigna.com/legal/compliance/machine-readable-files
Dental
Saint Michael’s College offers two dental plans through Cigna. There are slight differences in coverage, so it’s important you choose which plan is right for your needs. Look at the factors such as the amount you pay for coverage, annual deductible, annual maximum, and your out-of-pocket costs on services.
For more details, click to see the 2024 Benefits Guide.
Vision
You have a choice between two voluntary vision plan options, both provided by Vision Service Plan (VSP). There is a Basic Plan and an Enhanced Plan with enhanced benefits. Review the plans and choose which works best for you.
For more details, click to see the 2024 Benefits Guide.
Flex
HEALTHCARE FSA: A Flexible Spending Account (FSA) allows you to set aside money from your paycheck before income taxes are withheld. This money is available to pay for eligible medical, dental, and vision expenses, such as copayments, deductibles, eyeglasses, contact lenses and other health-related expenses that are not reimbursed by insurance.
DEPENDENT CARE FSA: The Dependent Care FSA allows you to set aside money from your paycheck on a pre-tax basis for daycare expenses to allow you and your spouse to work or attend school full-time. Eligible dependents are your tax dependent children under 13 years of age, or a child over 13, spouse or elderly parent residing in your home, who is physically or mentally unable to care for himself or herself.
This plan is administered by Business Plans, Inc. http://www.mycafeteriaplan.com. Certain restrictions apply.
For more details, click to see the 2024 Benefits Guide.
Life Insurance and Disability
In addition to the College-provided benefits summarized here, you may purchase additional or “Supplemental” Life and Accidental Death and Dismemberment insurance for yourself and your spouse or civil union partner and/or child(ren). You pay the full cost of any voluntary insurance plan coverage, which is deducted from your paycheck on an after-tax basis.
Rates and additional information are available through the Benefits Department.
For more details, click to see the 2024 Benefits Guide.
Financial Resources
SAINT MICHAEL’S 401(K): Saint Michael’s provides eligible faculty and staff with a 401k retirement plan option. Our plan record keeper is Milliman. With Milliman, you will have the opportunity to invest your money in 24 different options.
How Much Can I Set Aside? – Our plan allows you to put aside up to 100% of your earnings, pre-tax, through bi-weekly payroll deduction up to the annual IRS maximum.
Does the College Contribute to My 401(k)? – Yes! The College will make a contribution (after completion of 1 year of service, on the first of the following quarter) to your 401k account. The current contribution amount is 3%. Employees are immediately vested in their contributions and the employer contributions. Your contribution and employer contributions are deposited into your account each pay period.
If you are a current employee and wish to check the latest information about your retirement benefits, or wish to enroll in the 401(k) Plan, please go to www.millimanbenefits.com or call the Milliman telephone hotline at 1.866.767.1212.
For more details, click to see the 2024 Benefits Guide.
Employee Assistance Program
We offer an Employee Assistance Program (EAP) to employees and their extended families through Invest EAP. This program offers several different types of assistance including Emotional Well-Being, Legal Consultations & Referrals, Financial Consultations & Referrals, Health Coaching & Referrals and Family & Caregiving Resources & Referrals.
For more details, click to see the 2024 Benefits Guide.
Education
Education Benefits
Upon completion of three months of employment, regular benefits-eligible College employees may take one course per academic session tuition-free. Additional courses in the same academic session are at one-half tuition.
Dependent children are entitled to participate in the Tuition Remission and Tuition Exchange Programs leading to the completion of requirements for their first undergraduate degree. After one year of service, waivers are provided on tuition at Saint Michael’s College according to a five-year vesting schedule, which increases 20% with each year of completed service. To qualify for the Tuition Exchange program, an employee must have worked for a minimum of five full years of continuous service.
Spouses of regular benefits-eligible employees are entitled to tuition waivers for one course per academic session after the employee completes one year of service.