About Martin Memorial's Benefit Options
Martin Memorial Health Systems offers an excellent benefits package to its employees. We certainly understand the importance of your health, and offer a competitive health insurance package. We also offer dental, vision, life and disability insurance, can help you plan for your family's college and retirement savings, and much more.
Insurance
- Medical Insurance
Martin Memorial offers medical and hospitalization coverage to employees and their eligible dependents after three months of full-time service. The Martin Benefit Plan (MBP) is a self-insured plan with in- and out-of-network options offering provider choice. Employees contribute toward the cost of coverage, but Martin Memorial assumes the majority of premiums.
- Medical and Dependent Care Spending Accounts
Employees can designate a portion of pre-tax income into a special savings account to be used for reimbursement of medical or dependent care expenses that are not covered by another insurance program.
- Dental Insurance
Martin Memorial offers preventive, basic and major dental coverage for you and your eligible dependents. Employees can choose from three plans depending on their needs.
- Vision Insurance
Martin Memorial offers a vision plan that covers routine eye care, including eye exams and eyeglasses (lenses and frame) or contacts. The plan also provides discounts for certain services, such as Lasik.
- Life Insurance
Basic Group Life/Accidental Death and Dismemberment Insurance is provided to full-time employees at no cost. Coverage level is equivalent to your base annual salary to a maximum of $50,000. Additional life insurance coverage is also available for purchase at group rates for you, your spouse and dependents.
- Long-Term Disability Insurance
Group Long Term Disability Insurance provides partial income protection in the event of a qualified disability in which the employee is unable to continue working. You may choose to purchase coverage at low group rates.
Vacation and Sick Time
- Paid Time Off
Paid Time Off (PTO) is earned and available to use after completing six months of employment, and continues to accrue as time goes on. Most employees use paid time off for vacations, personal business or short-term illness. Unused PTO time may be carried over from year to year.
- Short-Term Disability Bank
Short Term Disability Bank time is available after twelve months of employment for use in the event of an extended illness.
Retirement and College Savings
- Retirement Savings Program
Martin Memorial helps its Associates save with three types of employer contributions to a retirement savings plan: a 2 percent based on eligible earnings; a 100 percent match up to a maximum of one to three percent of eligible earnings, based on years of credited service when you make voluntary contributions to a 401(k) or 403(b); and a potential success sharing contribution of up to one percent of eligible earnings a year, based on the organization’s overall success.
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401(k)/403(b) Retirement Savings Plan
All Martin Memorial employees may elect to contribute to a tax advantaged 401(k) or 403(b) retirement savings plan as of their date of hire. Rollovers from other like plans are accepted. Martin Memorial cares about your financial health. With the automatic 3 percent enrollment feature, we’ve made retirement savings easier for you. You don’t have to do anything. Around your third paycheck after your employment, you will see a deduction for the 403(b) or 401(k) plan (the plan is determined based on the department for which you work). 403(b) is the designated plan for non-profit and 401(k) is the designated for-profit plan.
- College Savings
Employees can choose to contribute to a college savings plan. Contributions can be made to the State of Florida Prepaid College Fund through the convenience of payroll deduction. Employees may also contribute $15 or more per month to a 529 College Savings Plan.
Other Benefits
- Tuition and Scholarship Programs
Full-time employees may participate in Martin Memorial's Education Assistance program after 12 months of continuous service. Tuition assistance is available toward courses and/or a degree relevant to a career within Martin Memorial. A scholarship program is also available on an annual basis to further defray academic expenses.
- Fitness Centers
Employees and family members may join our Health and Fitness Centers at special discounted employee rates. Membership dues can be payroll-deducted, and employees can join any time during their employment. Five Health and Fitness Centers are located throughout our community, and offer complete gyms, pools, personal training, exercise classes, and much more. Learn more about our Health and Fitness Centers.
- Family Friendly Workplace
Martin Memorial is designated by United Way as a Family Friendly Workplace. United Way's Success By 6 Family Friendly Workplace Business Partners project recognizes companies that nurture a workplace culture in which employees are able to balance their work and family commitments to help the educational success, health and well-being of children. Martin Memorial is a Family Friendly Workplace because we give employees flex time options, offer job-sharing and part-time work, provide child care options, participate in educational programs and assistance, and more.
- Best Places to Work
Martin Memorial has long been known in the community as an outstanding place to work. In October 2009, Martin Memorial was named one of the Best Places to Work in Martin County for the fourth time, an award that is based on turnover rates, growth percentages, employee development spending, promotion percentages and benefits packages. Martin Memorial’s numbers were impressive, with a turnover rate of 13.9 percent (compared to the 25.3 percent average in the study), 76.7 percent enrolled in the 401k program, and $444 per associate spent on training and development, indicating that Martin Memorial compares favorably to other employers.
Please note that benefits are subject to change at any time.