All new employees will receive detailed Benefits information and pricing as part of their new hire orientation.
Employees working 30 or more hours per week are eligible for medical, dental, vision, life insurance, long-term disability, Flexible Spending Accounts and Health Savings Accounts. Benefits become effective on the 1st day of the month following 30 days of employment. In addition to covering yourself, you may also cover eligible dependents including your spouse, same sex domestic partner and dependent children under the age of 26 for medical, dental, and vision.
All eligible employees, regardless of location, are offered a Preferred Provider Option (PPO) and High Deductible Health Plan (HDHP) through Blue Cross Blue Shield of Illinois. A Health Maintenance Organization (HMO) is also available to employees in the Chicago area (through Blue Cross Blue Shield) and in the DC area (through Kaiser Permanente). Employees whose work location is primarily outside the U.S. are only eligible for the PPO plan.
Employees are offered a dental Preferred Provider Option (PPO) through Blue Cross Blue Shield. For employees located in the Chicago area, a Dental Maintenance Organization (DMO) is offered as an option through Blue Cross Blue Shield. For employees located in the DC area, a Dental Maintenance Organization (DMO) is offered as an option through Cigna.
Vision coverage is offered through United Healthcare and provides coverage for vision exams, lenses and frames or contacts.
Basic term life insurance is provided at no cost to you. The coverage amount is one times your annual base salary up to a maximum of $500,000 (for both Basic and Supplemental Life) rounded to the next higher multiple of $100. Additional Supplemental Life insurance is available to purchase and subject to certain limitations. Newly hired employees have a Guarantee Issue coverage amount of up to $300,000 during their initial benefit election period.
Disability Coverage - Short Term & Long Term
The ABA provides short-term disability and long-term disability coverage both at no cost to you. Short-term disability benefits are available for eligible employees who are medically disabled and unable to work due to an illness or injury lasting longer than five (5) consecutive work days. Long-term disability benefits are available for a disability lasting longer than 180 days and provides a benefit of 60% of your pre-disability earnings up to a maximum of $10,000 per month.
Flexible Spending Accounts (FSA)
A Healthcare Flexible Spending Account and Dependent Care Flexible Spending Account are available which enables you to put aside pre-tax dollars to pay for eligible out-of-pocket health and dependent care expenses.
Health Savings Accounts (HSA)
If enrolled in the High Deductible Health Plan you are eligible to participate in the Health Savings Account that you can fund with pre-tax contributions to pay for eligible out-of-pocket health care expenses.
Commuter Benefits - Transit and Parking
The Commuter Benefit Program allows pre-tax payroll deductions to be set aside to pay for transit expenses for commuting to and from work. A separate amount can be set aside for related parking expenses. All amounts are subject to the IRS defined limits.
Paid Time Off
Eligible employees accrue paid time off each pay period for Vacation and Administrative Leave. Accrual rates are based on employee status and length of service. Vacation Leave is available upon the completion of six months of employment. Administrative Leave begins accruing immediately and can be used for personal absences.
The ABA observes the following 10 holidays each year: New Year’s Day, Martin Luther King Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Thanksgiving Day (and the day after), and Christmas Day. Alternatively, the international staff receives 10 floating paid holidays to be used at their discretion.
Eligible employees can begin contributing towards their 401k starting the first day of the month following 30 days of employment. After one year of service the first $300 contributed each plan year is matched on a dollar-for-dollar basis, followed by a 50% match on the first 6% of an employee’s salary contributed each paycheck for the remainder of the year.
Once a domestic employee becomes match eligible, the ABA makes a Non-Elective Contribution approximately in February equivalent to 5% of eligible earnings from the prior plan year.
The employer match and the Non-Elective Contribution become vested at 20% per year and is 100% vested after completing 5 years of service.
Partial tuition reimbursement and access to short-term professional training opportunities are available after six months of employment. Full benefits are subject to additional rules and funding availability.