Employee Benefit Packages Near Me – Premium Rhode Island RI Employee Benefit Plans Provider

Wednesday, October 11, 2023 14:11 Posted by Admin
Employee benefit packages Rhode Island, Employee benefit plans Rhode Island, Employee benefits Rhode Island

Employee benefit packages are a vital aspect of employment that can make a considerable difference in job satisfaction and overall quality of life. In Rhode Island, employees have access to a variety of various benefits options that cater to their diverse needs. In this blog post, we will explore the components of a typical employee benefit packages Rhode Island, including health coverage options, dental and vision benefits, retirement plans, life insurance, and more. You’ll also learn about workplace wellness programs, family care policies, financial wellness benefits, and tips for choosing the right package for you.

Key Takeaways

  • Rhode Island employee benefits packages offer a variety of options to meet workforce needs, including health insurance, dental and vision coverage, retirement plans and life insurance.
  • Employees have access to family care and work-life balance benefits such as paid sick leave and childcare resources that promote satisfaction & well-being.
  • Employers are legally required to provide qualifying health coverage, paid or unpaid sick leave & retirement plans according to the number of employees.

Understanding Employee Benefit Packages in Rhode Island

Employee benefits packages in Rhode Island encompass a variety of offerings to address the diverse needs of the workforce. These state employee and other employee benefits also include:

  • Health insurance coverage
  • Dental and vision benefits
  • Retirement plans
  • Life insurance
  • Other additional benefits

State employees who meet specific insurance eligibility criteria can enroll eligible themselves in the employer for medical coverage as eligible employees.

Furthermore, the City of Providence offers comprehensive medical coverage to active employees through the group health insurance marketplace. We will now explore in detail various components of employee health insurance marketplace benefit packages in Rhode Island.

Health Coverage Options

When it comes to their health insurance coverage, Rhode Island employees have several options to choose from. Blue Cross Blue Shield of Rhode Island Plan, Delta Dental of RI, and Vision Service Plan offer individual or family coverage. Employees have the option to waive medical coverage if they already have other coverage..

Eligible active employees in Rhode Island have various health benefits plans to choose from. These plans include Anchor, Anchor Plus, and Anchor Choice with HSA. Moreover, eligible employees also can waive medical and prescription coverage if they have alternative coverage. Opting out of medical coverage can result in an opt-out payment equivalent to $38.50 for each biweekly pay period, provided annually on the initial payday in August.

Coverage becomes effective on the date of hire, depending on the chosen health insurance plan. Rhode Island employees can seek assistance from Taylor Benefits Insurance consultant for selecting their health insurance coverage options, including:

  • Mental health coverage
  • Dental coverage
  • Vision coverage
  • Prescription drug coverage

For small businesses in Rhode Island, dealing with the Internal Revenue Service office can be a crucial aspect out the cost of network services and the cost of managing taxes and finances.

Employees may decide to pay more to enroll or pay to opt out of the company’s medical plan if they are already covered by another insurance policy, such as their employer or their spouse’s. They will be eligible for an annual reimbursement of $1001, with the amount treated as taxable income.

Dental and Vision Benefits

In addition to health coverage, Rhode Island employers also provide dental and vision benefits. Dental benefits typically include plans such as Anchor Dental, Anchor Dental Plus, and Anchor Dental Platinum, while vision benefits are offered by providers like Davis Vision. Dental coverage details vary depending on the specific insurance plan or program, so it is essential to review each plan to understand the coverage options and benefits provided.

Employees may opt to forgo dental and/or vision plans without any additional reimbursement. Vision benefits are available to:

  • City and School Non-Union employees
  • Police
  • Fire
  • Teachers in Rhode Island

Vision benefits are offered by Davis Vision.

Comprehensive dental and vision coverage for employees are paramount for maintaining overall health and well-being.

Retirement Plans and Savings

Retirement plans, insurance, and savings options available to employees in Rhode Island include:

  • RI Employees’ Retirement System (RIERS)
  • RIBGHE 403(b) Defined Contribution Retirement Plan
  • FICA Alternative Retirement Plan (FARP)
  • 457(b) Deferred Compensation Retirement Plan
  • Supplemental Retirement Account (SRA)
  • 403(b) plan

These plans provide financial, social security, and stability for employees in their later years.

The retirement plans available to Rhode Island employees include:

  • The RIERS, which offers financial security to Rhode Island employees
  • The FARP plan, which is available to part-time, seasonal, and temporary employees hired after July 1, 2013
  • The Employees’ Retirement System of Rhode Island, which is not required for FARP plan participants
  • The 457(b) Deferred Compensation Retirement Plan, which is accessible to all eligible state employees

Understanding and evaluating the available retirement plans and savings options is a key step for employees to secure financial stability in their later years.

Life Insurance and Disability Coverage

Life insurance and disability coverage are critical components of employee benefit packages in Rhode Island, providing financial protection and peace of mind for eligible employees and their families. Basic and optional other insurance plans are available to eligible Rhode Island employees. All eligible State employees can participate in the Group Term Life Insurance and AD&D Plan provided by The Hartford, with the cost being the amount of cost of basic insurance coverage equivalent to the full cost of basic annual compensation rounded up to the next highest multiple of $1000.

Optional Life Insurance, administered by Prudential, is an additional policy that employees can elect at their own expense. Rhode Island employees need to be aware of the life insurance and disability coverage options provided by their employers and consider the coverage that best suits their needs and circumstances.

Workplace Wellness Programs

woman, jogging, running

Workplace wellness programs are an essential aspect of employee benefit packages in Rhode Island, promoting employee health and well-being. These programs include employee assistance programs, fitness and health discounts, and other initiatives that encourage healthy living and work-life balance.

The subsequent sections will detail various workplace wellness programs offered by Rhode Island employers.

Employee Assistance Programs

Employee assistance programs (EAPs) are valuable resources available to Rhode Island employees, offering free and confidential support to employees and their immediate family members. EAPs provide information, referrals, and guidance in regards to both personal and job-related matters. These programs play a crucial role in addressing mental health, stress management, and work-life balance for employees.

EAP services can be accessed by contacting the BCBSRI office network, State of Rhode Island office network, Employee CARE Center office network, or other specified hotlines. Providing employees with access to EAP services helps to create a supportive work environment and promotes overall employee well-being.

Fitness and Health Discounts

Fitness and health discounts are another essential aspect of workplace wellness programs in Rhode Island. Employers typically offer:

  • Rewards for wellness programs
  • Member discounts on wellness and lifestyle brands
  • Group exercise classes
  • Reimbursement for gym memberships or race registrations
  • Access to facilities and programs that promote physical activity

Some Rhode Island employers offer free fitness classes and negotiated rates for services through programs like Rewards for Wellness and Blue365. Offering fitness and other health benefits and discounts to employees promotes a healthier lifestyle, which consequently can boost employee morale, productivity, and overall well-being.

Family Care and Work-Life Balance

Family care and work-life balance benefits play a crucial role in employee satisfaction and overall well-being. In Rhode Island, employees have access to benefits such as paid sick leave, family leave, and childcare and human resources, that help them balance their personal and professional lives.

The following discussion will cover various family care and work-life balance benefits available to Rhode Island employees.

Rhode Island employers with 18 or more employees are required to provide paid sick and safe leave to their workforce. Employees can accumulate one hour of sick leave for every 35 hours worked, up to a maximum of 40 hours per calendar year. Seasonal employees can begin utilizing accrued paid sick and safe leave after 150 calendar days. Employers with fewer than 18 employees must provide unpaid sick leave as mandated by law.

In addition to paid sick leave, Rhode Island also provides family leave policies that offer up to six weeks of leave for family care. These policies help employees attend to personal and family needs, promoting a healthy work-life balance and offer paid sick leave.

Childcare and Eldercare Resources

Childcare and eldercare resources are essential benefits for eligible Rhode Island classified employees, helping to support families and promote work-life balance. Employers can provide various childcare and healthcare benefits for classified employees, such as:

  • Company-sponsored child care
  • Dependent care spending accounts
  • Childcare subsidies or reimbursements
  • Flexible work arrangements
  • Backup childcare

Rhode Island businesses also typically offer eldercare resources, such as:

  • Information and resources for aging strong
  • Eldercare services including assistance with bills and long-term care
  • An aging and disability resource center
  • In-home caregivers and senior care services

Providing more full time employees with access to childcare services and eldercare resources helps to create a supportive work environment that values the well-being of both full time employees and their families.

Financial Wellness and Education Benefits

Financial wellness and education benefits are crucial components of employee benefit packages in Rhode Island, providing employees with tools and resources to manage their personal finances effectively.

This section will delve into various financial wellness and education benefits offered by Rhode Island employers, including college savings support and flexible spending accounts.

College Savings and Planning Support

university, lecture, campus

College savings and planning support are valuable benefits available to Rhode Island employees, helping families prepare for future education expenses. Employers can provide college savings and planning support through programs like CollegeBound 529 and CollegeBound Saver plans, which are managed by Ascensus College Savings. These plans offer tax-advantaged savings options for Rhode Islanders to facilitate college savings.

Rhode Island employers can offer their services of the following programs and services to hire and pay out to support their employees:

  • Tuition assistance and reimbursement programs
  • Retirement savings programs such as the Rhode Island Secure Choice Retirement Savings Program
  • Employee assistance programs (EAP) that provide guidance on education planning and savings

Offering college savings and planning support to employees aids families in better preparing for the financial challenges of higher education.

Flexible Spending Accounts (FSAs)

Flexible spending accounts (FSAs), also known as flexible spending account, are another important financial wellness benefit offered by Rhode Island employers. FSAs allow employees to set aside a portion of their wages on an annual basis to cover qualified healthcare expenses on a pre-tax basis. The State of Rhode Island permits individuals to contribute up to $2,750 per calendar year on their annual salary on a pre-tax basis.

FSAs can be used to cover medical, dental, and vision expenses that are not included in an insurance plan, such as copayments, deductibles, and chiropractic services. Providing FSAs enables employers to assist employees in better managing their healthcare expenses, alongside offering valuable tax advantages.

Navigating Open Enrollment and Qualifying Events

Open enrollment and qualifying events play a critical role in enroll them in state employee and other service, benefit and service packages in Rhode Island.

  • Open enrollment is the period during which employees can make changes to their existing health plan.
  • For City of Providence employees, the precise open enrollment period typically occurs in September.
  • For State of Rhode Island employees, the precise open enrollment period typically occurs in November.

Qualifying events are life occurrences that allow employees to make changes to their existing health insurance plan outside the open enrollment period. To modify their benefit package after a qualifying event, employees must present evidence of the event, such as a marriage certificate or divorce decree, and visit the benefits enrollment website to make the desired changes.

A clear understanding of open enrollment and qualifying events aids employees in making informed decisions about their benefit packages.

Tips for Choosing the Right Employee Benefit Package

Choosing the right employee benefit package can be a complex process, as employees must evaluate coverage options, costs, and employer offerings. One essential aspect to consider is understanding your employer’s offerings and how they align with your needs and priorities. By comprehending what your employer offers, you can evaluate whether the benefits correspond with your requirements and priorities, helping you select a package that provides the most value and fulfills your personal and financial objectives.

To compare costs in different employee benefit packages in Rhode Island, employees can log in to mybcbsri.com and click on the Find a Cost option under Tools & Resources in the Self Service menu. Assessing costs is a key step to selecting a plan that is both cost affordable and provides the needed coverage.

In addition to other benefits, considering retirement plans such as the Employees’ Retirement System of Rhode Island (ERSRI) and the Alternate Retirement Plan (403(b)) is also significant when assessing your benefits package in Rhode Island. Having a comprehensive retirement plan in place is vital for financial and social security in your later years and should be a key factor in your decision-making process when choosing an employee benefit package.

Legal Requirements for Rhode Island Employers

Rhode Island employers must adhere to specific legal requirements regarding employee pay and benefit packages. All Rhode Islanders (except those exempted by law) must have “qualifying health insurance coverage” starting from January 1, 2020, due to the health insurance mandate in the state. Employers with more than 50% full time employees full-time equivalent pay for employees are obligated to offer health insurance under the Affordable Care Act.

In addition to health insurance coverage, Rhode Island employers with 18 or more employees are required to provide paid sick and safe leave. Employers with fewer than 18 employees must provide unpaid sick leave as mandated by law.

Rhode Island employers are also legally obligated to offer retirement plans, with participation requirements depending on the number of employees. It’s important for employees to be aware of the legal requirements for Rhode Island employers to ensure they receive the benefits they are entitled to.

Relevant Statistics

  • 95% of companies in Rhode Island offer health insurance as part of their employee benefits package.
  • On average, companies in Rhode Island provide 12 paid vacation days per year to their employees.
  • Approximately 80% of employers in Rhode Island offer retirement savings plans, such as 401(k) or pension plans.
  • The average employer contribution towards healthcare premiums in Rhode Island is 75%.
  • More than 90% of companies in Rhode Island provide dental coverage as part of their employee benefits package.

General Facts

  • Rhode Island requires employers to provide certain benefits to their employees, including workers’ compensation.
  • Many employers in Rhode Island offer health insurance as part of their employee benefits package.
  • Retirement plans, such as 401(k) or pension plans, are commonly included in employee benefits packages in Rhode Island.
  • Paid time off, including vacation and sick leave, is a standard component of employee benefits packages in the state.
  • Some companies in Rhode Island also provide additional perks like flexible work arrangements or tuition reimbursement programs for employees.


Employee benefit packages in Rhode Island encompass a variety of components, including health coverage, dental and vision benefits, retirement plans, life insurance, and workplace wellness programs. By understanding the various options available to them, employees can make informed decisions and select the right benefit package to meet their personal and financial needs. Employers in Rhode Island play a crucial role in supporting their employees’ well-being by providing comprehensive benefit packages and adhering to legal requirements. As an employee, it is essential to review your options, evaluate costs, and consider the other benefits offered by your employer to ensure you are making the best choice for your unique situation.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits packages for non union employees typically include health care coverage, retirement benefits, paid vacation leave, personal leave, sick leave, child care, and other non-salary compensation. Companies with non union employees may also be required by federal or state law to offer additional benefits such as COBRA, FMLA, disability, workers comp, and minimum wage standards.

How long do you have to work for state of Rhode Island to get a pension?

To receive a pension from the State of Rhode Island after tax basis, you must be fully vested after a pay period of five years of pay period of employment.

What is the state of Rhode Island health plan?

Rhode Island offers eligible active employees three comprehensive medical plans administered by Blue Cross & Blue Shield of Rhode Island, providing quality healthcare services and coverage.

What are the three most sought after employee benefits?

The three most sought after employee benefits are health insurance, flexible hours and vacation time, with additional demands for increased paid vacation time and parental leave, as well as life insurance, disability insurance, dental insurance and vision insurance.

What are the main components of an employee benefit package in Rhode Island?

Employee benefit packages in Rhode Island typically include health insurance, dental and vision benefits, retirement plans, and life insurance. Additional benefits may also be provided.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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