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
Harvard Pilgrim Health Care: We offer both HMO Summary of Benefits and PPO Summary of Benefits options. If you are interested in enrolling into our health insurance please fill out and return your completed Harvard Pilgrim Enrollment form to your Benefits Coordinator, Crystal Morano at email@example.com.
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.
Kaia Health Program: Kaia Health is a digital therapeutics company, offering an innovative pain management program, whose app uses artificial intelligence (AI) and motion-tracking technology to help individuals with back, hip, and knee pain relief. Kaia offers hundreds of customized exercises for pain management to employees and eligible dependents. To begin participation visit their website at Kaia Health.
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.
Doctor on Demand: See an in-network/DocumentCenter/View/3758 provider anytime, without ever leaving your house. 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: Members receive up to $150 reimbursement each calendar year (January-December) for gym membership or fitness classes (including virtual classes).
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! Current Max. Annual Election: $2,750.
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.
City of Malden offers Group Term Life Insurance through Boston Mutual Life Insurance Company.
Life Insurance Plans offered are a Basic $5,000 term life policy and a Voluntary Enhanced term life policy that can be up to 5x the salary of the employee (Maximum is $500,000). Weekly premium rates depend on whether or not employees are paid on a 26 or 21 week based schedule. The Basic 5K Policy is a once monthly premium rate of $2.42 for 26 week paid employees and $2.91 for 21 Week paid employees; to find information on the weekly premium rates for the Voluntary Enhanced plan please see our Issue Age Life & AD&D Premium Rate Chart.
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.
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