The City of Malden offers a variety of benefits to it’s employees, ranging from Medical, Dental, Flexible Spending, Life Insurance, Disability Insurance and Deferred Compensation. Eligible new employees (full-time and permanent part-time employees whose regular schedule is twenty or more hours per week) have 30 days to enroll in benefits for you and your dependents. Failure to submit your election within the 30 day deadline will result in exclusion from medical insurance and any voluntary benefits offered by the City, unless you have a qualifying change of life event. Otherwise, you will have to wait for the Open Enrollment period (mid-April through mid-May) for the next Fiscal Year, effective July 1st. The City of Malden pays a percentage of the premium cost for the Medical Insurance and Basic Life Coverage. Find a Summary of Benefits here.
For benefit details, click on each benefit icon below
- Medical Insurance
- Dental Insurance
- Flex Spending
- Life Insurance
- Disability Insurance
- Deferred Comp - 457 Plans
- Vision Insurance
Wellness Program - Health Reimbursement Account (HRA): City employees covered by Harvard Pilgrim Health Care insurance can participate in the Wellness program to earn up to $500 to be deposited to your HRA Benny card, which can be used to pay for out-of-pocket medical and dental expenses. You may choose which activities on the home page that work best for you to earn points. Program details available here for you to follow along. Shop worry-free with your HRA on the https://fsastore.com and save on thousands of qualified products.
HRA balances can be reviewed by logging in to your https://cpaemployee.lh1ondemand.com. If you require further login assistance, contact Cafeteria Plan Advisors (CPA) directly at 781.848.9848. You can also download the Questions regarding your wellness points, contact Harvard Pilgrim directly at HPWellness@harvardpilgrim.org or call 877.594.7183.
Diabetes Care Rewards Program: The City of Malden has partnered with Good Health Gateway's Diabetes Care Rewards Program. This program is available to all employees and their dependents enrolled in our active medical plan. This program helps participants effectively manage their diabetes and is voluntary and confidential. Compliant members receive $0 co-payment on diabetes medications and supplies.
Virtual Visits: Receive care using your smart phone, tablet or computer Meet with a virtual provider anytime, without ever leaving your home. Perfect for after hours care, urgent care, preventative health, behavioral health, or for 2nd opinions.
Preventive Dental Care for Children: Preventive dental care for children (up to the age of 13) – limited to 2 preventive dental exams per Plan Year, only the following services are included: cleaning, fluoride treatment, teaching plaque control and x-rays. Dental Provider must be within the network.
Fitness Reimbursement: Up to two covered members on a family plan can be reimbursed for up to $150 each, for a maximum reimbursement of $300. Any combination of subscriber, spouse or dependent is eligible for reimbursement. For plans with one covered member, the maximum reimbursement amount $150. One per calendar year, submitted by March 31 of the following year (January-December) for gym membership or fitness classes (including virtual classes). For further details review the Fitness Reimbursement Flyer.
City of Malden offers dental insurance through two companies: Dental Dental PPO Plus Premier and DMS-CIGNA (Cigna may cover some of the cost of both traditional and invisible braces). Below are the different bi-weekly premium deductions.
Delta Dental Enrollment form or DMS-CIGNA Enrollment Form, (you will need to select a dentist within their network, click here for instructions on how to find a network dentist).
If you are interested in enrolling in dental insurance please choose a plan, fill out your form of your choice and return to HR.
City of Malden offers Flex Spending through the Cafeteria Plan Advisors. This benefit allows you to set aside a portion of your pay before taxes to cover out-of-pocket medical expenses.
HEALTH CARE.* Includes co-pays (medical & prescription), deductible expenses, non-cosmetic dental work, orthodontics, prescription eyeglasses, contact lenses, laser eye surgery, alternative health therapies (e.g. acupuncture), mental health services, and MORE! NEW Max. Annual Election: $2,850.00 FY23
Rollover Option: Any unspent Health Care balance—up to $570—will roll over to the next plan year if you re-enroll for FY23. Note: The maximum rollover amount for the 2021-2022 plan year is $550; must re-enroll for funds to roll over.
DEPENDENT CARE.** For children under under 13 and dependents with special needs. Eligible expenses include: day care, preschool, before & after school care, summer day camp, and elder day care. Current Max. Annual Election: $5,000.
The City of Malden offers three life insurance options with Boston Mutual: Basic, Voluntary & Employee Life Option Plus
Basic Group Term Life Insurance and AD&D:
- Basic Life and AD&D benefit in the amount of $10,000
- Monthly premium costs: 26 Wk Pd Employees: $3.82 over 12 months; 21 Wk Pd School Employees $4.59 over 10 months
Issue Age, Voluntary Life and AD&D:
- Coverage in units of $10,000 umaximum of $500,000)
- Spouse coverage available in units of $5,000 to a maximum of $100,000
- Dependent children (life Insurance only), Age 14 days to 1 year $1,000; Age 1 year to 19 years $10,000 (up to age 25 for full-time students)
- No medical questions will be asked for coverage at or under the Guarantee Issue Amount
- Bi-Weekly Premium rates for the Voluntary Life: Issue Age Life & AD&D Premium Rate Chart
- Conversion and portability provisions available
Employee Life Option Plus:
- Flexibility to cover the employee, spouse, children and grandchildren
- Permanent life insurance with cash value accumulation
- Guarantee issue amounts for eligible employees - no medical underwriting required
- Catastrophic Loss coverage also available. Financial protection for an unexpected loss of independence
Disability Insurance is offered to both Municipal and School Employees. Municipal and School Employees are offered Long Term Disability. Only School Employees are offered Short Term Disability.
Click on the below links for Summary of Benefits for Long & Short Term Disability. If you are interested in enrolling in Disability coverage, please fill out Enrollment Form and return to Human Resources.
Group Short Term Disability (only available to school employees)
DEFERRED COMPENSATION (457 PLAN) Plans
A 457 Deferred Compensation Plan is a supplemental retirement savings program that allows you to make contributions on a pre-tax basis. Federal, and in most cases, state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.
A 457 plan is similar to a 401(k) plan, except there are never employer matching contributions and the IRS does not consider it a qualified retirement plan. Participants can defer some of their annual income (up to an annual limit), and contributions and earnings are tax-deferred until withdrawal.
Distributions start at retirement age but participants can also take distributions if they change jobs or in certain emergencies. Participants can choose to take distributions as a lump sum, annual installments or as an annuity. Distributions are subject to ordinary income taxes and the amounts cannot be transferred into an IRA.
Below are the City’s three plan representatives from which you can choose from:
SMART Plan - Empower Retirement:
Michael O’Brien, Retirement Plan Advisor
(877) 457-1900 Plan Support
(781) 227-4693 Cell
Paul Bertrand, Sr. Retirement Specialist
(877) 677-3678 Office
(617) 699-0121 Cell
Kenneth L. Knopf, CFP, Financial Advisor
(617) 852-6233 Cell
403B Options for School Employees are administered through the School Business Office
As of July 1st, 2022, the City of Malden offers vision insurance through EyeMed. The Summary of Benefits includes an easy to read table that outlines copays and coverage - and an additional chart for their Vision Care Diabetic Product. For more information check their FAQs.
For more information during Open Enrollment, visit Malden's Virtual Benefit Fair
|Subscriber + Spouse||$11.23|
|Subscriber + Child(ren)||$11.82|
|Subscriber + Family||$17.38|
Check to see if your vision office is within their Provider Network.