Accidental Death & Dismemberment/ Basic Life Insurance

Basic Life Insurance
Basic Life Insurance is provided by MBI at no cost to all full-time employees. Eligible employees are automatically covered for $25,000 in Guardian Life and Accidental Death & Dismemberment Insurance.

Optional Life Insurance
Additionally, employees have the option to buy optional life and/or AD&D insurance in $10,000 increments up to $500,000. No health questions are asked for AD&D insurance or up to $150,000 in optional life insurance. Optional life insurance premiums are based on the employee's age and adjust automatically.

Learn more about Life Insurance 

Adoption Assistance

To provide assistance to employees who are building families, Moody has developed a policy to provide eligible employees with financial assistance for adoptions.

Eligibility

• Full-time employees must have worked at Moody a minimum of 12 months.
• Adopted children must be under age 18 and may not be biologically related to either parent.
• If both your spouse and you are Moody employees, only one of you may utilize the benefit.

Financial Reimbursement

• Eligible adoption-related expenses will be reimbursed according to the assistance figure in effect during the year in which the adoption becomes final.
• Adoption assistance amounts will be taxed according to applicable taxes and limitations. Eligible expenses include:
  • Legal fees, including court costs and attorney's fees
  • Adoption agency's fees, excluding medical costs
   
• Reimbursement is limited to one reimbursement per 12-month period.

Reporting Requirements

• An employee must apply for adoption assistance at least three months prior to the anticipated adoption date.
• After the adoption is complete, the employee must submit an Adoption Assistance Request form within twelve months of the official adoption date in order to be eligible for adoption assistance.
• Forms submitted beyond this date will not be considered for adoption assistance.
• No adoption assistance will be granted after an individual has left the employment of Moody Bible Institute.

Adoption Assistance Application 

Additional Information
Contact Peter Miller at peter.miller@moody.edu or (312) 329-4297.

COBRA Rights

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that gives you and your covered dependents the right to continue group health coverage on a self-paid basis if eligibility for the employer-sponsored group medical and dental is lost.

Eligibility
COBRA eligibility may be available for 18 or 36 months depending upon the qualifying event, such as leaving Moody's employment, or for a dependent who is no longer eligible to be covered under your insurance.

For specific eligibility and rates, please contact Kris Akut.

Dental Coverage

The Moody Bible Institute provides a variety of dental insurance options. Employees may participate in any of the following dental plans:

• CIGNA Dental PPO
• CIGNA Dental Care (HMO)

Employees are eligible for dental coverage on the first of the month following full-time hire date (unless hire date is the first of the month).

Dependent Day Care

Dependent day care expenses are those that must be incurred to enable you and your spouse, if married, to be employed. The expenses must be incurred for services received after the effective date of your election and during the plan year to which it applies. These expenses include day care, before-and-after school programs, nursery school or preschool, summer day camp and even adult day care.

You may set aside a maximum of $5,000 per year (if married, filing jointly) or $2,500 (if unmarried, or married, filing separately) on a pre-tax basis.

For more information, contact Erica Loring.

Employee Ministry Benefit

 The Employee Ministry Benefit is paid time off to use towards up to five days of ministry for a missions trip or local service project. Ten employees will be awarded this benefit in a calendar year. Employees who are full-time and have at least two years of service at Moody are eligible to apply. 

The Employee Ministry Benefit Application for the next calendar year is due to Human Resources by November 30th of the current year. Please download, save, and send the completed form to hresources@moody.edu.  

Employee Ministry Benefit Policy

Employee Discounts

Full-time employees of Moody can take advantage of discounts at the following locations (Moody ID must be presented):

Retail Discounts

• Moody Publishers (75%)

Technology Discounts

• Apple Store for Education: Access special MBI-discounted prices on recommended Apple systems.
• Lenovo: Access special MBI-discounted prices on recommended Lenovo systems (including ThinkPad).
• Logos Bible Software: Contact Logos directly and ask for the academic department to receive any current education discounts.

Employee Service Awards

Employees receive a service award from the Institute at two years, five years and each fifth year of service thereafter. 

For rehired employees, a service award date may be assigned taking into account any periods of prior full-time employment with Moody.

To browse the award selections for each service level, visit the Employee Service Awards website.

For additional information, contact Kris Akut.

Flexible Spending Account (Health Care Savings)

The Flexible Savings Account (or Health Care Savings Account) is a voluntary employee benefit plan which permits employees to pay for certain eligible expenses with pre-tax dollars.

This benefit allows an employee to direct a portion of his or her salary on a pre-tax basis to an account to be used to pay for medical, dental vision care or other health-related expenses that are not covered or reimbursed under any other plan. By doing this, an employee may realize tax savings on the amount set aside. The amount saved is dependent on the individual's tax rate.

Learn more about Flexible Spending Accounts 

Health Coverage

Moody Bible Institute provides a variety of health insurance options. Employees in the Chicago area (Illinois and northern Indiana) may participate in any of the following health plans:

• Open Access Plus
• Cigna Choice Fund (HDHP) with HSA
• Cigna One Health HMO

Employees in locations outside the Chicago area may participate in the following health plan:

• Open Access Plus
• Cigna Choice Fund (HDHP) with HSA

Learn more about Health Plans 

Holidays 

Current Holiday Schedule

Long-Term Disability Insurance

Long-Term Disability Insurance is provided at no cost to full-time employees. It provides financial protection for you by paying a portion of your income while you are disabled. In some cases, you can receive disability payments even if you work while you are disabled.

Coverage begins automatically 180 days after your hire date. The plan covers 50% of your basic monthly earnings ($5,000 maximum monthly benefit) after 180 days off work for disability.

For additional information, contact Erica Loring.

Retirement Information

A retiree is defined as a full-time employee who leaves the employ of Moody having attained either age 55 with ten years of service or age 60 with five years of service. An employee who plans to retire must submit a letter of intent to retire at least three months before the intended retirement date. For more information, consult the Employee Information Guide .

MBI Defined Benefit (Pension) Plan
Participants must be grandfathered in to continue to participate in this benefit, which was ended on Jan. 1, 2006. Learn more >

MBI Defined Contribution Plan
Moody's current retirement savings program, including tax-deferred 403(b) and MBI Match 401(a). Learn more >

MBI Retiree Health Plan
A health plan is available to those intending to retire from Moody who were hired or rehired before Jan. 1, 1996. For information about the Retiree Health Plan, contact Erica Loring.

Transit Benefit

The Moody Bible Institute Transit Benefit is a program whereby you may set aside dollars from your paycheck to pay for your public transportation expenses (i.e. bus, subway and train). Under the MBI Transit Benefit you will continue to pay for your own commuting expenses, but the program makes it possible for you to increase your take-home pay by reducing your federal and state income taxes and your Social Security (FICA) taxes. Up to the IRS max limit (set at the beginning of every calendar year) may be deducted from your paycheck on a pre-tax basis, and any amount over the IRS limit will be deducted on a post-tax basis.

Learn more about Transit Benefits 

Vision Benefits

Vision Plan
The Moody Bible Institute provides a vision insurance plan through EyeMed. 

Vision Discount Program
Employees enrolled in any of the Cigna insurance plans have vision benefits included with their health insurance. Cigna has a vision network savings program powered by Cigna Vision to provide these benefits. This is not insurance, but rather a discount rewards program on vision care services and materials.

Learn more about Vision Benefits 

Wellness Program

Moody partners with Navigate Wellbeing Solutions to provide wellness benefits to employees. Please view our wellness page for further program information. 

If you have further questions, contact Kris Akut.

Worker's Compensation

If you become injured or ill as a result of working at Moody and wish to file a Worker's Compensation claim, certain forms must be filled out and submitted within ten days of the injury or illness. When approved, coverage begins immediately. Worker's Compensation insurance will pay medical bills and, depending on circumstances, may pay salary instead of Moody.

The full procedure for dealing with work-related accident or illness can be found in the Employee Information Guide . 

If you have further questions, contact Erica Loring.