Benefits

Health Plan

This benefit is provided in accordance with plan document provisions. Coverage is available to all new full-time or part-time benefit-eligible employees, spouses, and dependents (children) on the first day of the month following a 30-day waiting period after their date of hire. For example, if you are hired on the 16th of the month, there will be a 45-day waiting period before insurance benefits are available. Exceptions include:

• If you are a direct transfer within the Loma Linda University Health system, and you have had less than a 30-day break in service, and you were covered by risk management insurance, your coverage will begin immediately.
• If you were a non-benefited employee or have a change in your full-time equivalent (FTE) status (must be .5 FTE or higher) and are now benefit-eligible, your insurance will begin immediately.

Flexible Spending Account

This benefit is provided following plan document provisions. Health plan buy-in contributions, medical expense reimbursement, and dependent care benefits are available on a pre-tax basis. The amount available is set annually. For all new full-time or part-time benefit-eligible employees who are .5 FTE or higher, the flexible spending health reimbursement account and dependent coverage begin the day your health and dental insurance begins. Note that dependent care is only available to those who are not a highly compensated employee as defined by the Internal Revenue Code.

Retirement and TSA Plans

These benefits are provided following plan document provisions. Employer contributions are based on a board-approved percentage of gross compensation.

For 2024, the compensation limit is $345,000. Vesting is graduated over five years at 20 percent per year for each calendar year the employee has worked 100 days.

Eligibility: All employees who work a minimum of 100 days (or 1,000 hours for per diem employees) in a calendar year are eligible for employer contributions. All employees can participate in the TSA plans, regardless of hours worked.

Employer contributions: Retirement plan: Up to $41,400 per year (between 10 and 12 percent of total gross compensation up to $345,000).

Employees under age 33 may be subject to an adjusted contribution percentage based on age. Please call Professional Employment for more information.

Employee Contributions:

• Retirement plan: Not applicable
• TSA plan: Annual 403(b) dollar limit is $23,000
• “Catch-up” limit:  $7,500 for participants age 50 or older

Life Insurance

The corporation provides a life insurance policy for all eligible employees. You can purchase additional amounts at an individual level. Eligibility is a minimum of .75 FTE.

Disability Insurance

Benefits are provided within a mandatory contributory policy for both benefits outlined below. Eligibility is a minimum of .75 FTE.

Short Term Disability

This benefit is available after a 60-day waiting period from the date of disability up to a maximum of six months. Benefits approximate 60 percent of weekly pre-disability gross compensation.

Long Term Disability

This benefit is available when the short-term disability benefit expires, after six months. Benefits approximate 60 percent of monthly pre-disability gross compensation as defined by the plan provisions.

Malpractice Liability Coverage

Benefits provided are fully employer-paid following operating policy provisions. The professional liability trust provides coverage on a per-occurrence basis and covers all claims during employment, from inception to termination, irrespective of when a claim is made. Therefore, no “tail” coverage premium will be required of the employee upon termination of employment.

Other Benefits

The benefit areas listed below will fall within the broad guidelines established by the board of the employing corporation and will be determined by policies developed within the individual cost center. Other benefits are provided on a prorated basis for .5 FTE and higher.

• Vacation days: Vacation is provided on an annual basis at integrations based on years of service. Vacation is an accrued benefit.
• Sick leave days: 10 days are available each fiscal year.
• Continuing medical education (CME) support: Clinical employees receive CME days and financial support each fiscal year. The amount of each benefit is determined by the cost center and can be discussed in detail during the recruitment process.