Below is a summary of the benefits offered. Please refer to the 2024 Guidebook in the Resources section for more information.

The changes for this Open Enrollment are as follows:

• Spouses will be eligible to enroll in the medical plan if they do not have access to their own employer sponsored plan. If you enroll a spouse, you will need to complete a Spousal Participation Affidavit attesting that they do not have access to employer sponsored coverage.

• The Accident, Critical Illness and Hospital policies will transfer from Aflac to Lincoln Financial Group. If you are currently enrolled in these benefits through Aflac your coverage will automatically be transferred to Lincoln Financial for 2024; however we encourage you to review the new policies to see if you would like to make any changes for 2024.

MEDICAL PROGRAM

Lenape Valley Foundation offers a choice of three medical plans through IBC.

DENTAL PROGRAM

Lenape Valley Foundation offers the Premier Plus PPO dental plan through Delta Dental.

VISION PROGRAM

Lenape Valley Foundation offers the vision plan through Vison Benefits of America (VBA). 

FLEXIBLE SPENDING ACCOUNTS

Please keep in mind, FSA Accounts have a “use it or lose it” rule, minus the rollover for the Health Care FSA. Therefore, you must predict your 2024 spending when electing this benefit. You cannot change it during the year once elected. Careful planning is required!

Health Care FSA

• The 2024 Health Care FSA maximum is $3,200. This plan is Use it or Lose It so plan carefully. If you have a balance remaining at the end of the year, you will only be able to roll over up to $610.

Dependent Care

• You can set aside an annual amount between $100 and $5,000 on a pre-tax basis to use towards qualified dependent care expenses such as before/after school care, day care, and summer day camp.

LIFE AND DISABILITY

Lincoln Financial Group provides Group Life/AD&D, Supplemental Life, Short and Long Term Disability. 

VOLUNTARY BENEFITS NOW THROUGH LINCOLN FINANCIAL GROUP.

Critical Illness, Accident, and Hospital Indemnity Insurance are available on a voluntary basis through Lincoln Financial Group.

PET INSURANCE

Pet Insurance through Nationwide is available to all staff at discounted rates! See the Benefits Guidebook for details.

STUDENT LOAN REPAYMENT PROGRAM

Silver Lion can help staff tackle student debt. The student loan assistance program includes:

• Advice and insights to help you consolidate your loans and save money
• Loan review and analysis

WAIVING MEDICAL

A waiver credit is available for those who do not enroll in Lenape Valley Foundation’s medical program. The credit is $100 per month, prorated for benefits eligible employees working between 30 and 37.5 hours per week.

In order to receive this benefit there are two steps: 1) waive the medical plan and 2) enroll in the Opt Out Medical Reimbursement plan.

TOBACCO SURCHARGE

Employees who participate in the LVF medical program AND continue to use tobacco products will pay an additional $40.00 per month. All employees participating in the LVF medical program in 2024 will be required to complete an affidavit regarding status of using (or not using) tobacco products.