Financial Benefits
Tax-advantaged Accounts
These accounts help you save on taxes by allowing you to set aside money from your paycheck, before taxes, to pay for eligible expenses.
Flexible Spending Accounts (WEX)
You can use the Health Care Flexible Spending Account to save and pay for eligible health care expenses not covered by your health plans. The Dependent Care Flexible Spending Account helps you save and pay for eligible child and adult dependent care.
Health Savings Account (HealthEquity)
The Green Medical Plan includes a Health Savings Account that both you and Children’s Mercy can contribute to. You can use it now to pay for eligible health expenses tax-free or save it for later.
529 College Savings Plan (TIAA-CREF)
This plan helps you invest for your child’s education with tax-free growth, smart investments, low fees and flexibility.
Income protection (The Hartford)
Life and Accidental Death and Disability
Children’s Mercy provides Basic Life and AD&D coverage at no cost. You can purchase supplemental coverage for yourself and your family.
Short-term Disability
Children’s Mercy provides short-term disability coverage at no cost. It helps preserve your Paid Time Off and bridge the gap in income before any applicable long-term disability benefits begin. The benefit is designed to replace 65% of your earnings, up to $1,500 per week.
Long-term Disability
Children’s Mercy provides long-term disability coverage at no cost. The benefit pays a portion of your income if you become disabled and are unable to work.
Retirement program (TIAA)
Tax-Deferred Annuity Plan - 403(b)
(funded by you and Children’s Mercy)
You’re automatically enrolled in this plan at a 3% contribution rate on your first day of employment with Children’s Mercy. You may opt out within your first 90 days of service. You can change the amount you invest at any time and can choose from pre-tax and after-tax contributions. Children’s Mercy adds 50 cents for every dollar you contribute, up to 6% of your pay. You’re fully vested in Children’s Mercy’s contributions after three years of service, and you can choose how your account is invested.
Retirement Plan - 401(a)
(funded by Children’s Mercy)
Children’s Mercy automatically contributes an amount equal to 3% to 6% of your earnings, based on years of service plus age. You’re eligible after two years of service (1,000 hours per year), and you’re immediately vested. You choose how your account is invested.
Free financial consultant services are available through our retirement plan vendor, TIAA.
Voluntary insurance
You can choose to enroll in these insurance options – many at group-preferred pricing – and pay for them through payroll deduction.
- Accident, hospital indemnity and critical illness insurance from Securian pays a cash benefit when you are in an accident, hospitalized or diagnosed with a critical illness. Each plan also includes a cash payment for completing wellness activities.
- Legal insurance from MetLife reduces your out-of-pocket costs for legal services for a broad range of personal legal needs you might face throughout your life.
- Identity theft insurance from NortonLifeLock offers identity protection and recovery services for you and your family.
- The FarmersGroupSelect auto and home group insurance program gives you access to special employee discounts.
- You can enroll in pet insurance through Nationwide to receive 50% to 70% reimbursement for pet health expenses.
- You can add financial protection for your loved ones and plan for your own future care with Term Life and Long-term Care insurance from Trustmark.