Medical College of Wisconsin Benefits

High-Level Overview

• Two plan options
• Virtual Clinic, disease management program, and premium assistance
• Prescription drug coverage provided by Liviniti

Why is this important?

The two options maximize your health care coverage and include components that are designed to offer you significant choice and flexibility in protecting your health and the health of your dependents.

High-Level Overview

• Two plan options

Why is this important?
Dental health is a critical component of your overall well-being. Both dental plans cover a full range of services, including basic, preventive, major, prosthodontics and orthodontic services.

High-Level Overview

• Two plan options
• Essential Medical Eye Care Program

Why is this important?
General eye care, including an annual vision exam, is one of the most important things you can do to stay healthy and productive.

High-Level Overview

• Pre-tax savings account for unreimbursed medical, prescription, dental, vision and other health expenses

Why is this important?
Your contributions are not subject to payroll taxes, which can result in substantial tax savings for you.

High-Level Overview

• MCW contribution
• Pre-tax savings account used for elder care and child care expenses

Why is this important?
If you have elder care or child care expenses, this is an excellent way to make your dollars go further by putting aside pre-tax dollars.

• Provided at no cost to eligible employees
• Eligible employees receive 1x salary up to $500,000
• Travel Assistance coverage included

Why is this important?
Free life and AD&D insurance coverage from MCW helps ensure that your dependent(s) will receive compensation in the event of your unexpected death or dismemberment.

• Employees: 1x to 8x salary, up to maximum of $1,000,000
• Spouses: $5,000 increments; subject to maximum of 3.5x the employee’s Basic Annual Earnings (up to $150,000)
• Children: $10,000 for each eligible child

Why is this important?
You have the ability to provide additional financial protection for your family in the event of your death.

• Amount you receive is based on your employee class and the amount you earned before your disability began

Why is this important?
Payments help protect you from loss of pay as a result of a personal, continuous medical disability.

• Confidential counseling & assessment program designed to help manage personal work & life challenges
• Provides no-cost, 24-hour assistance via toll-free number & website, and up to ten in-person sessions per presenting problem

Why is this important?
Designed to help you manage a wide range of work/life problems and maintain a healthy work/life balance.

• Generous employer match
• Eligible employees are automatically enrolled after two years and 100% vested

Why is this important?
The sooner you begin saving a nest egg for retirement, the longer it has to grow, and the better off you will be during your retirement years.

• You may contribute pre-tax and/or post-tax funds to the 403(b) voluntary account at any time, subject to IRS limits

Why is this important?
You have the ability to save for retirement and build a stronger future.

• Competitive vacation benefit
• Determined by your length of service and employee class

Why is this important?
MCW offers paid time off as an important way for you to refresh and recharge.

• Eligible employees will be paid for eight MCW-recognized holidays

Why is this important?
Your holidays are New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Friday after Thanksgiving, Christmas Eve and Christmas Day.

• May be used for illness and the care of the employee’s immediate family member.

Why is this important?
Helping to provide a positive work environment, MCW offers paid time off when you need it most for sickness, as well as for jury duty and bereavement.

High-Level Overview

The Paid Parental Time (PPT) benefit provides up to 4 weeks of paid time (based on base salary) and is available to eligible employees during an approved Family and Medical Leave for maternity, paternity or bonding leave reasons. 

Why is this important?
MCW understands family time is important, especially when an employee is enjoying those first few weeks of being a new parent.  We believe bonding time is necessary for the health and wellbeing of your family. 

• Up to ten days per calendar year of high quality temporary care solutions for children, adult and elderly family members
• Elder care platform to coordinate care of loved ones with family members
• Online resources to find care providers for off work hours and pets

Why is this important?
Provides peace of mind when you need temporary care for children, adult and elderly family members by offering care services at a significant discount.

• MCW supports secondary education by providing Staff Tuition Reimbursement and Faculty Dependent Child College Reimbursement programs

Why is this important?
We provide financial assistance for your education because educational development is important to personal and career growth.

• Monitors your identity from every angle, not just your Social Security number, credit cards and bank accounts

Why is this important?
Offers important protection for you in the event of an identity theft emergency in the form of email updates and access to specialists.

• Access to a quality law firm for covered personal situations

Why is this important?
Offers you an important resource in the event you need legal assistance for a number of situations.

High Level Overview
A holistic wellness program dedicated to supporting individual health and well-being where you can thrive personally and professionally and help to build a vibrant and flourishing workplace environment.

Why is this important?
Opportunities to support your busy lifestyle: monthly newsletter with tools/resources and monthly self-care calendar, virtual and in-person events, robust wellness website, fitness and healthy weight management reimbursements, free, on-site athletic center, department wellness champions, and Mental Health First Aid (MHFA) Training to support you and our culture of well-being.