Employee benefit packages play a vital role in attracting and retaining the best talent. In Bloomington, IN, employers go above and beyond by offering an array of well-rounded benefits that cater to the diverse needs of their workforce. Curious about what makes these “employee benefit packages Bloomington IN” stand out? Read on to uncover the evolution of employee benefit packages in Bloomington and how they enhance work-life balance.
Bloomington offers a broad range of employee benefits that cater to multiple aspects of their lives. Some of these benefits include:
These benefits ensure a supportive work environment for city employees and are part of new pilot programs introduced by Mayor John Hamilton with the approval of the city council.
Usually, these benefits are accessible to full-time employees who work a minimum of 30 hours per week. Certain family members may also be eligible, making these benefits attractive for employees with families. Mayor Hamilton has implemented higher wages, bonuses, full pay and back pay as additional employment incentives for the families of Bloomington city employees, further enhancing their work-life balance.
Bloomington is dedicated to offering an all-inclusive benefits package, comprising of retirement, medical and long-term disability insurance, and dental coverage via Delta Dental, a prominent provider in the United States. Employees also have access to open enrollment, allowing them to make benefit changes during the fourth quarter of the calendar year.
Bloomington’s medical coverage and dental coverage options aim to provide employees with the necessary support to maintain a healthy lifestyle. The City offers two medical plans for the 2024 year: a $3,200-100% HRA plan with prescription copays and a $3,200-100% qualifying HSA dental plan, each with four network options. Health insurance premiums are shared between the City and employees, making group health insurance coverage more affordable.
Dental benefits are provided through Delta Dental, with two network service only options while still allowing employees to choose their preferred dentist. Information regarding in-network service providers can be found on the Medica website or by contacting the human resources department.
The medical plans provided by the City of Bloomington feature an “embedded deductible,” which means each family member has to pay an individual deductible in addition to the overall family deductible. This allows individuals to have the cost of their services covered by the insurance company once they meet their paid individual deductible, even if the family deductible has not been met.
Beyond medical and dental coverage, Bloomington offers extra perks that enrich the employee experience. Eligible employees have access to:
Basic Life/AD&D coverage is available to employees working 30 or more hours per week, including sworn police and fire officers, with a $50,000 per salary coverage amount. Long-term disability coverage offers 60% of covered monthly earnings up to $10,000 per salary for full-time employees and includes a deferred compensation annual salary subsidy.
Choosing a beneficiary in life insurance is a significant aspect of the policy selection process. Here are some key points to consider:
Public safety personnel like police officers and firefighters hold a significant role within the Bloomington community. Recognizing their importance, the the city council provides unique benefits and support to these dedicated professionals. Some of the benefits include:
Police officers in Bloomington have access to human resources through the First-in-Minnesota program, which offers free in-home therapy, police social workers, and a peer support group for unlimited confidential mental health counseling and support. They also benefit without additional cost from the new health clinic provided by the City of Bloomington.
Firefighters are provided with several exclusive benefits, including:
They also have access to visit the new health clinic provided by the City of Bloomington.
Bloomington employees can benefit from financial wellness and savings programs like Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Health Reimbursement Arrangement (HRA/VEBA) accounts. These programs help employees manage their healthcare expenses more effectively and efficiently.
Flexible Spending Accounts allow employees to reduce their taxable income by contributing pre-tax dollars to the account, resulting in lower taxes paid, and money saved. Eligible expenses must be incurred during the employer or plan year, which runs from January 1 to December 31, and claims must be submitted by March 31 each year.
Health Savings Accounts (HSA) enable employees to save pre-tax dollars for eligible expenses and premiums when enrolled in a High Deductible Health Plan (HDHP). Contributing to premiums to an HSA can reduce taxable income, leading to a decrease in taxes and an associated cost savings.
The HRA/VEBA account provides tax-free reimbursement of eligible health care expenses not covered by other insurance, with unused account funds accumulating and the account accruing tax-free interest for future expenses.
Bloomington employers acknowledge the significance of ongoing learning and professional development. They offer tuition and salary reimbursement services and professional development programs to support regular employees in their pursuit of growth. Regular full-time employees who have been employed for 12 months are eligible to receive tuition reimbursement money from the pilot program, up to a maximum of $2,500 every year. This is a great opportunity to gain some extra skills and career advancement!.
This program is designed to help employees advance their careers by pursuing a college-accredited degree, professional certification, or credential. Investing in their workforce’s education and training demonstrates Bloomington employers’ commitment to nurturing talent and fostering a culture of growth and development.
While specific details about the Recover Forward initiative are not available, the range of education, employment, and training opportunities provided by employers in Bloomington showcases the city’s dedication to supporting its workforce and cultivating an environment that promotes career growth and success.
Apart from the standard benefits, Bloomington employees can avail themselves of special discounts, incentives and offers from local enterprises and organizations. These perks cover a wide range of services, including dining, travel, and home improvement, making life in Bloomington more enjoyable and affordable non union employees. Indiana University Bloomington provides exclusive discounts and special deals for its employees, while McNamara Florist and members of the Greater Bloomington Chamber of Commerce also offer employee discounts. These partnerships with local businesses and organizations foster a sense of community and demonstrate how the city values its workforce.
For employees looking to explore travel discounts and deals, Indiana University Bloomington has compiled a complete list of options available to its employees, which can be found at https://news.iu.edu/live/news/24291-iu-employee-deals-and-discounts-you-might-not-know.
In conclusion, Bloomington, IN, offers its employer a diverse and comprehensive range of employee benefit packages that cater to the unique needs of its workforce. From medical and dental coverage to financial wellness programs and professional development opportunities, these benefits provide employees with the support and resources they need to lead fulfilling lives both at work and beyond. As the landscape of employee benefits continues to evolve, Bloomington remains at the forefront, demonstrating a commitment to the well-being and success of its workforce.
The City of Bloomington has recently introduced two pilot programs for its employees: a paid parental leave policy of six weeks with up to six weeks paid off per child and a Commercial Driver’s License training program.
The City of Bloomington offers four network options for their medical plans in 2024: Passport, Elect, VantagePlus, and Park Nicollet.
City of Bloomington employees can benefit from vision coverage, life and disability insurance, pet insurance, and a new health clinic.
Public safety employees in Bloomington are eligible for rental assistance of $750/month, a $5,000 hiring bonus, full pay, and optional benefits such as dental and vision coverage, retirement plans, disability, and life insurance.
Employees in Bloomington can take advantage of financial wellness and savings programs such as Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Health Reimbursement Arrangement (HRA/VEBA) accounts to help meet their financial goals.
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