The Town of Danvers offers the following benefits to benefit eligible (those individuals who work 20 hours or more per week), active employees and/or retirees:
The Town of Danvers offers health insurance plans from Blue Cross Blue Shield through MIIA. Please see links below for more information on the Health Plans offered to the eligible active employees and retirees:
- HMO – Network Blue New England (Benchmark) – FY21
- PPO – Blue Care Elect (Benchmark) – FY21
- HMO – Access Blue Bew England Saver (HDHP) – FY21
- PPO – Blue Care Elect Saver (HDHP) – FY21
FY21 Plan Comparison Chart helps break down all four plans and includes employee contribution rate information.
Danvers E-Kit: This is an online portal that is designed specifically for the Danvers Health Insurance Plans and allows employees to review important plan details including benefits summaries & coverage, plan education, tools to find doctors and pharmacies and additional helpful resources.
Health Savings Accounts and Flexible Spending Accounts:
The Town will be partnering with a third party (Health Equity) to offer employees tax-advantage programs.
Flex Spending Account (FSA): An FSA is an employer-sponsored benefit that enables employees to deduct pre-tax dollars from their paychecks to pay for qualified medical expenses. Employees can contribute $2,750 per year (2020 maximum). Employees must use FSA funds within the plan year. FSAs are available to employees on the Benchmark plans.
Health Savings Account (HSA): An HSA is a tax-advantage savings account that allows accountholders to save for qualified medical expenses. Employees must be on a qualifying HDHP to participate in an HSA account (the Town of Danvers HDHP is a qualified plan).
Limited Flexible Spending Account (LPFSA): Used in conjunction with an HSA, an LPFSA allows you to contribute pre-tax dollars to use on eligible vision and/or dental expenses. By contributing to an LPFSA in addition to your HSA, you can maximize your pre-tax contributions. LPFSA’s are available to employees on a HDHP only.
Dependent Care Flexible Spending Account (DCRA): A dependent care FSA enables you to set aside pre-tax dollars to pay for qualified dependent care expenses. Funds can be used to pay for day care, preschool, elderly care or other dependent care. To qualify for a Dependent Care FSA, the IRS requires that the dependent care is necessary for an employee and their spouse to work, look for work or attend school full-time, along with other requirements.
Please visit https://www.healthequity.com/learn/ to find out more information on these saving accounts. Additionally, we encourage all employees to reach out to Health Equity Account Mentors at 866-346-5800. They are available every hour of every day to assist your employees.
Town of Danvers Opt-Out Program
This Program is available to all full-time employees eligible to participate in the Town of Danvers healthcare plans or current retirees who are not yet Medicare Eligible. The purpose of this program is to offer an incentive to employees who may be eligible to obtain alternative healthcare from another source.