Types of Employee Benefits
The following benefits are available for employees of the University of Pennsylvania Health System:
Choices include PPO and point-of-service options with convenient access to providers within the health system at a preferred benefit level. In the local healthcare market, this coverage is offered at minimal payroll cost to employees.
Prescription benefits are provided when with medical coverage. A large national retail network, mail order and cost-effective co-payments make up this comprehensive benefit.
The three dental plan options provide coverage for preventive, basic, major and orthodontic services. They differ in their network options and amount paid for covered services.
Vision benefits are offered on an employee-pay-all basis. They provide coverage for routine eye exams, glasses (lenses and frames) and contact lenses.
Life insurance and AD&D options provide flexibility to choose coverage to meet your needs. Cost for these benefits is based on base pay and age. The health system provides one times base salary in coverage at no cost.
Dependent life insurance provides benefits to employees, as the beneficiary, in the event of the death of their spouse/partner and/or children.
Short-term disability (STD) provides income if employees are not able to work due to a non-work related illness or injury.
Employees can set aside their own dollars (pre-tax basis) to cover certain qualified medical and/or dependent care expenses that they normally pay with out-of-pocket after-tax dollars. There are no federal or Social Security taxes on the money placed in these accounts.
Long-term disability coverage allows employees to continue receiving a portion of their salary for a period of time if they are disabled (cannot perform the duties of your regular job) or injured. This employer-provided benefit provides 60 percent of base pay up to $10,000 per month maximum.
This offers financial protection and income to employees and their family. Each entity offers an employer-paid retirement plan, subject to plan eligibility criteria. Additionally, a tax-deferred annuity plan/403(b) as well as a 401(k) option are offered depending on the entity within the health system.
A critical element to the mission of Penn Medicine is education. To help employees fulfill the Penn Medicine mission and their own career plans, Penn Medicine offers an exceptional tuition assistance and professional development benefit for eligible employees. During the fiscal year employees can take advantage of either tuition assistance or professional development, but not both.
- Tuition assistance-eligible full-time employees are eligible for up to six courses in a calendar year and tuition of up to $8,000 per year as long as the courses relate to the position for which they were hired. Penn Medicine pays the school directly for tuition so there is no up front cost.
- Professional development-eligible employees can receive up to $600 for non-credit-bearing education related to their current position in a fiscal year
Dependent children of employees who have completed three years of full-time employment may qualify for tuition assistance. This benefit is available only if the dependent is accepted and enrolled in an accredited undergraduate degree program at the University of Pennsylvania.
Penn Medicine provides free access to an online voluntary benefits program offering various services and insurance-related products from vehicle insurance to home warranty. Employees may apply online for real-time quotes and comparisons of highly-rated providers offering flexible, affordable plans.
Penn Medicine provides a generous package of paid time off which includes vacation, sick, holiday and personal time.
Penn Medicine offers employees an opportunity to pay for parking and transit costs on a pre-tax basis. Enrolling in the TRIP program allows employees to save on commuting costs for regional transit or near-to-work parking options.
Employees and their eligible dependents are offered a free confidential counseling and referral service. This program is designed to help resolve problems that may be affecting their personal or professional life.
This program will helps employees balance their professional and personal life and can work in conjunction with the EAP and/or medical behavioral health coverage (if applicable). Childcare, eldercare, financial and legal resources are just some of the services that are available.
In addition to the programs listed, Penn Medicine offers numerous voluntary programs in which employees can participate. These include such things as direct deposit and fitness discounts as well as other services to make working at Penn Medicine enjoyable.
Penn Medicine offers multiple learning options so that employees may have the opportunity to pursue further education and improve work related skills. This is a brief summary of is the programs offered.