Benefits at GID
Health Care Plan
Group medical coverage is provided by Blue Cross Blue Shield of Massachusetts. Employees have the option to choose between three plans, BCBS Preferred PPO 80/20 with co-payments (PPO), BCBS Saver 90 High Deductible Health Plan (HDHP-90), or BCBS Saver $2900 High Deductible Health Plan (HDHP-$2900) . For all plans, the company and the employees share in the premium cost. Employee premium contributions are made by payroll deduction on a pre-tax basis.
Vacation Time/Personal Days
Employees accrue vacation time based on length of continuous service. In addition, full-time employees may take two paid personal days each year to meet the need for personal time off, such as to observe a religious or other holiday.
Employees accrue 6 paid sick days per year and may accumulate a maximum of 30 days.
Health Care Saving Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged bank account offered in conjunction with a High
Deductible Health Plan (HDHP). Employees enrolled in a High Deductible Health Plan (HDHP) may contribute to a HSA account. If you enroll in an HDHP, the company will make a contribution to your HSA account.
Savings and Retirement Plan – 401(k)
The 401(k) retirement savings plan gives employees a unique opportunity to save and invest tax-deferred dollars. Employees may contribute pre-tax contributions from their eligible earnings up to the maximum amount allowed by law, which is $18,000.00 for 2016. GID will add $.50 for each $1.00 that you contribute as pre-tax contributions, up to a maximum pre-tax contribution of 3% of your eligible earnings. Employees become vested on the company match portion incrementally over 5 years, reaching 100% after 5 years of service. Employees who have completed 30 days of service will be auto enrolled in the Plan during open enrollment periods in January and July, unless they decline enrollment.