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

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

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

Company Paid Group Life/AD&D and Long Term Disability

Voluntary Short Term Disability and Supplemental Life

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.

SPOUSES - MEDICAL

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.