Nemours offers a basic term life and accidental death & dismemberment (AD&D) benefit of one times your base annual salary to a maximum of $500,000. Term life insurance does not accrue a cash value and terminates when you leave employment. This benefit reduces by 50% at age 70. This benefit is Nemours-paid for all full-time and part-time benefits-eligible associates. Note that the IRS requires Nemours to tax you on the value of this benefit that exceeds $50,000.
Associates may elect voluntary term life insurance through Lincoln Financial Group. Contributions are taken on a post-tax basis. Voluntary term life insurance is portable but not permanent. Term life insurance does not accrue a cash value and the benefit reduces by 50% at age 70.
Associates may purchase voluntary term life insurance in increments of $10,000 up to the lesser of $1,000,000 or five times your base annual salary. Guaranteed issue coverage is available for newly eligible associates up to $500,000. Amounts over the guaranteed issue for newly eligible associates are subject to evidence of insurability (EOI). All elections for late enrollees are subject to EOI. During annual enrollment, associates currently enrolled in the plan may increase their election by one level ($10,000) without EOI, up to the guaranteed issue amount of $500,000. Any additional amounts elected over the guaranteed issue level will be subject to EOI.
Associates may purchase term life insurance for their spouse in increments of $10,000 to a maximum of $380,000. Coverage amounts for spouses are limited to 100% of the associate’s combined coverage amount (basic life and voluntary associate term life). Guaranteed issue coverage is available for newly eligible spouses in the amount of $100,000. All late enrollee elections are subject to EOI.
Associates may purchase term life insurance for their child(ren) in units of $2,500 to a maximum of $10,000. All amounts are guaranteed for children. Premiums for child life are per unit, which means that the payroll deductions will remain the same regardless of the number of children covered by the plan. Dependent children may be covered until the end of the month during which they turn 26 but must be unmarried and financially dependent on the associate for support.
Associates may elect voluntary term AD&D insurance through Lincoln Financial Group. Contributions are on a post-tax basis.
Associates may purchase additional AD&D for themselves, in increments of $10,000, up to the lesser of $500,000, or 10 times earnings for elections over $150,000 (i.e., if you earn $100,000 a year, you may still elect $150,000). This benefit reduces by 50% at age 75 and then to 25% of the original amount at age 80.
Coverage may also be purchased on a family basis, which covers you, your spouse and/or your dependent children as follows:
Nemours offers long-term care (LTC) coverage through the convenience of post-tax payroll deductions for both associates and their spouses. Direct billed coverage is also available to the parents and grandparents of associates and their spouses. Coverage for LTC insurance is fully portable.
LTC coverage provides an allowance for custodial assistance to individuals who are unable to perform two of six Activities of Daily Living (ADL) due to a disability. ADLs include bathing, dressing, eating, toileting (grooming), continence (using the bathroom without help) and transferring (moving from the bed to a chair, or vice versa). LTC is also payable if the subscriber has a cognitive impairment.
Custodial assistance may be provided by any of the following: a skilled nursing facility, a home health care agency (called professional home care), an assisted living facility, or a member of the community (total home care, including your family members).
Newly eligible associates may elect LTC coverage without providing evidence of insurability (EOI) within 30 days of their eligibility effective date. All elections for late enrollees are subject to EOI determination; all elections made by eligible dependents are also subject to EOI.
| Provision Options | 3-Year Benefit Duration | 6-Year Benefit Duration |
|---|---|---|
| Monthly Facility Benefit Amount Options | $1,000 to $4,000 | $1,000 to $4,000 |
| Skilled Nursing Facility* | 100% | 100% |
| Assisted Living Facility* | 60% | 60% |
| Total/Professional Home Care | 50% | 50% |
*LTC pays a percent of the total monthly facility benefit amount, based on where services are received. For example, if a facility monthly benefit amount of $1,000 was elected, and services were received at a skilled nursing facility, the benefit amount received would be 100% of $1,000; equaling $1,000 of benefit per month. However, if a facility benefit monthly benefit amount of $1,000 was elected, and services were rendered at an assisted living facility, the benefit amount received would be 60% of $1,000; equaling $600 of benefit per month.
**The lifetime maximum does not change based on where you receive services. If the facility benefit amount elected is $1,000 for a three-year benefit duration, the lifetime maximum is $36,000. For example, if the subscriber is confined to a nursing home, he/she/they would receive the benefit for a duration of three years; assuming the same election, but if services are received at home, the benefit would be pro-rated accordingly, and $500 would be the benefit received for a maximum duration of six years.
Benefits-eligible associates are automatically covered by our STD plan that offers income protection for disabilities caused by illness, accident or injury that are not work-related. Coverage is 60% of the associate’s base weekly pay with no maximum weekly benefit amount. The benefit period is a maximum of 13 weeks, inclusive of a seven-day elimination period. Premiums are paid 100% by Nemours. Evidence of insurability is not required and there are no pre-existing condition limitations. Please note that if you work in a state that has a state-provided disability benefit (e.g., New Jersey), our benefit payments will be reduced by any disability benefits received from the state. Information regarding STD is available via Alight or by contacting the HR Solutions Call Center.
Nemours offers LTD insurance to associates through Lincoln Financial Group to benefits-eligible associates. Contributions are taken on a post-tax basis. LTD insurance offers income protection for disabilities caused by illness, accident or injury. All LTD plans include a pre-existing condition limitation for newly elected plans or plan changes.
| Provisions | LTD Plan 1 | LTD Plan 2 | LTD Plan 3 |
|---|---|---|---|
| Eligibility | All Benefits-Eligible Associates | All Benefits-Eligible Associates | All Benefits-Eligible Associates |
| Elimination Period | 90 Days | ||
| Benefit Duration | Up to Social Security Normal Retirement Age. If you become disabled after this age, there is a reduced benefit. | ||
| Benefit Percentage | 50% | 60% | 60% |
| Monthly Maximum | $10,000 | $12,000 | $20,000 |
| Own Occupation Duration | 24 Months Own Occupation | 24 Months Own Occupation | Own Occupation to Social Security Normal Retirement Age |
Nemours offers Lincoln Financial Group Accident Insurance through convenient post-tax payroll deductions for associates, spouses and dependent child(ren). Accident insurance provides you and your eligible family members with payment for a covered accident. It also pays if you undergo testing, receive medical services, treatment or care for any one of more than 150 covered events as defined in your group certificate. This includes hospitalization resulting from an accident and accidental death or dismemberment.
There are two options – high and low – that vary in the amount of payment for each covered accident. Payments are made directly to you to use as you see fit. They can be used to help pay for medical plan deductibles and co-pays, out-of-network treatments, your family’s everyday living expenses, or whatever else you need while recuperating from an accident.
Included in this coverage is an annual $50 health screening benefit for specific preventive screenings for each covered family member.
Your accident coverage is guaranteed, regardless of your health. You just need to be actively at work for your coverage to be effective. There are no medical exams to take and no health questions to answer.
Nemours offers Lincoln Financial Group Critical Illness Insurance through convenient post-tax payroll deductions for associates, spouses and dependents. This coverage provides you with a lump-sum payment if you or your covered family members are diagnosed with a serious medical condition. This Critical Illness Insurance plan covers more than 20 illnesses or conditions including cancer, heart attack, stroke, coronary artery bypass, kidney failure, major organ transplant and Alzheimer’s disease.
This insurance pays cash benefits directly to associates and their family members diagnosed with any of the covered conditions and in addition to any benefits paid through the health plan. It is designed to help offset the deductibles, co-pays and indirect costs associated with a serious illness.
You have a choice of three benefit levels – a payment of $10,000, $15,000 or $30,000 upon initial diagnosis. Your spouse is covered for 100% of the associate amount and children are covered for 50% of the associate amount. Included in the coverage is an annual $50 health screening benefit for each covered family member.
Coverage is guaranteed (no health questions asked) and there is no pre-existing condition limitation; however, you must be actively at work for your coverage to be effective. Premiums are based on the associate’s age and tobacco use.
Nemours offers Lincoln Financial Group Hospital Indemnity Insurance through convenient post-tax payroll deductions for associates, spouses and dependents. This plan provides you and your eligible family members with payments when you are admitted or confined to a hospital due to an accident or illness. Typically, a flat amount is paid for admission and a daily amount is paid for each day of a hospital stay. It also pays extra benefits for admission to or confinement in an intensive care unit (ICU). This coverage also includes a hospital NICU admission and/or a hospital NICU confinement benefit. This will not pay for an outpatient birth.
There are two options – high and low. Payments are made directly to you to use as you see fit and independent of any benefits paid through the health plan. They can be used to help pay for medical plan deductibles and co-pays, for out-of-network stays, for your family’s everyday living expenses, or for whatever else you need while recuperating from an illness or accident.
Included in this coverage is an annual $50 health screening benefit for specific preventive screenings for each covered family member. You just need to be actively at work for your coverage to be effective. There are no medical exams to take and no health questions to answer.
Nemours offers identity theft protection through Allstate, an industry leader in digital identity and financial protection. This plan provides a monitoring solution that protects you from the hassles of identity theft. Allstate’s Identity Theft Protection benefit includes the following services:
Coverage is available for you and your family, at an affordable rate: $4.98 for single coverage and $8.98 for family, twice monthly. Identity theft protection will cover members of your household for whom you are financially responsible, “Under roof, under wallet.”
Nemours has partnered with Financial Finesse to provide unlimited access to unbiased, personalized coaching. The financial coaches are excited to answer questions and help you reach your goals. Areas of expertise include support during life transitions, managing debt, budgeting, buying a home, saving for college, improving credit scores, and more.
Nemours offers a pre-paid legal plan through MetLife Legal Plan®. Contributions are taken post-tax. The MetLife Legal Plan is a simple, affordable way to access the most frequently needed personal legal services such as wills, powers of attorney and identity theft defense. Divorce is not covered. Some of the covered services include:
MetLife Legal Plan gives participants access to a network of more than 11,000 attorneys. Attorneys in the network meet stringent criteria and are regularly reviewed to ensure they continue to meet plan standards.
Flexible Spending Accounts (FSAs)
FSAs are available to associates through convenient payroll deductions on a pre-tax basis to help cover the cost of eligible expenses (as defined by the IRS). There are several FSAs available. These accounts have been established to cover different needs, as follows:
Associates may elect to participate in one or more of these accounts in any combination. Health care, limited purpose and dependent care spending account elections are based on an ANNUAL election amount; you will need to calculate how much you want to set aside for the plan year of Jan. 1 – Dec. 31 in a lump sum. Mass transit and parking spending account elections are based on a MONTHLY election amount. This monthly election will remain in place throughout the plan year unless you change it.
Deductions will be taken twice-monthly on a pre-tax basis. Only those associates who elect these accounts will be enrolled. After you’ve enrolled, as you incur eligible expenses (as defined by the IRS) throughout the plan year, you pay yourself back with the pre-tax money in your FSA account.
If you terminate employment, or if you become ineligible for the plan, please refer to the Termination of Benefit Summary chart available online for information about how long you may incur additional claims and deadlines for submitting those claims for reimbursement. These time periods vary by account.
Tax Effect
Contributions to FSAs reduce the amount of taxable income. This results in savings of FICA, federal and state income taxes.
Health Care Flexible Spending Account (FSA)
Health care flexible spending accounts (FSAs) help pay for expenses that are either partially covered or not covered by medical/prescription drug, dental or vision insurance. You may contribute up to $3,200. You may participate in this account even if you have not enrolled in a Nemours medical plan and are not covered by another HSA-eligible plan.
For extensive details on qualified medical expenses, visit HealthEquity. In general, you may use a health care FSA to pay most health care expenses that qualify as a medical deduction for federal income tax purposes (as described in the IRS Publication 502) for yourself or your tax dependents. Health care expenses reimbursed through the FSA account cannot be claimed as deductions for federal income tax purposes.
Other Considerations
Additional Claim Information
If you submit a claim for an amount higher than what you have contributed year-to-date to your FSA, you will be reimbursed up to the amount of your plan year election. Reimbursement consideration is based on when the service is rendered or a purchase is made, not when payment is submitted.
Worksheet to Calculate Health Care Contributions
Use the worksheet below to list the out-of-pocket expenses you expect to incur during the plan year (beginning with the coverage effective date). This worksheet will assist you in estimating the total amount to deposit into the health care FSA.
| Health Care Expenses Worksheet (for you and your tax dependents) |
Estimated Costs: |
|---|---|
| Deductibles Note, if you usually do not meet the deductible, include only the amount you anticipate incurring. |
|
| Co-payments | |
| Dental co-pays or costs not covered under the dental plan | |
| Vision exams, glasses or contact lenses, if not covered or only partially covered under insurance | |
| Medical out-of-pocket costs not covered by insurance | |
| Other allowable medical expenses | |
| Total |
Dependent Care Flexible Spending Account (DCFSA)
DCFSAs allow you to set aside pre-tax dollars to provide care for your eligible dependents, so you (and your spouse) can work. This is for daycare expenses, not health care expenses for dependents.
Eligible dependents include anyone under age 13, your disabled spouse or other disabled person (including a parent or child), whom you can claim as a dependent for federal income tax purposes.
Costs for “activities” while a dependent is in a daycare are not eligible for reimbursement through the DCFSA. Examples of costs not eligible are: art, dance, piano and singing lessons. Only the cost for the actual daycare is eligible for reimbursement.
You may contribute up to $5,000 ($2,500 if you are married filing separately) per plan year into a DCFSA. You may be reimbursed for the cost of care given inside or outside your home by a professional caregiver. Participants must provide the provider’s EIN or Social Security number for reimbursement. Please note that the provider must report the monies paid as income and pay taxes on that income.
If you earned more than $155,000 in 2024, your DCFSA election will be limited to a maximum of $1,700 in 2025.
To enroll in a dependent care account you must meet at least one of the following qualifications:
Note: If your spouse is a full-time student at least five months a year, or disabled, federal law limits the maximum pre-tax amount you may contribute. Contributions from highly compensated individuals may also be limited or amended as a result of federally required non-discrimination testing.
Worksheet to Calculate Dependent Care Contributions
Use the worksheet below to list the out-of-pocket expenses you expect to incur during the plan year (beginning with the coverage effective date). This worksheet will assist you in estimating the total amount to deposit into the DCFSA.
| Dependent Care Expenses Worksheet | Estimated Costs: |
|---|---|
| Wages or Salary Paid to Caregiver | |
| FICA and other taxes you pay on behalf of caregiver, if applicable | |
| Payment to a licensed dependent care facility | |
| Eligible expenses for care before and/or after your child goes to school | |
| Eligible expenses for a housekeeper who provides care for a qualified dependent |
Transportation Accounts
Transportation FSAs allow you to set aside pre-tax dollars to cover mass transit or parking expenses related to your commute to and from work. There are two types of accounts, mass transit and parking. You may elect to participate in one or both of these accounts. The maximum monthly election is $315 for the mass transit account and $315 for the parking account.
Mass Transit Accounts
Mass transit eligible expenses include a transit pass, token, farecard, voucher or similar item (tolls are not reimbursable) entitling a person to transportation to and from work on a mass transit system. Some examples of mass transit include:
Expenses related to a commuter highway vehicle may also be eligible, ONLY if all of the following requirements are met:
Accessing your mass transit account funds: The debit card is the only method to access your available mass transit funds.
Your debit card will be accepted only at merchants coded as a mass transit facility in the VISA transaction system such as a SEPTA or NJ transit station. A convenience store that sells bus passes would NOT be recognized.
Parking Account
Eligible parking expenses include the cost of parking your car at a facility at or near your office location (e.g., parking garage or lot), or the cost of parking at a facility located at or near a location from which you commute to work (e.g., Metro parking lot, train station parking lot).
Accessing your parking account funds: The debit card is the only method to access your available parking funds. Your debit card will be accepted only at merchants coded as a parking facility in the VISA transaction system such as the Metro parking lot or train station parking lot.
Debit Card
All associates who participate in any of the HSA, HCFSA, LPFSA or transportation account benefits will receive a benefit-specific debit card to pay for qualified health, mass transit or parking expenses. The debit cards look like a regular MasterCard or VISA, but are only accepted at specific types of merchants or provider locations.
Once you’ve enrolled, be on the lookout for your card.
Debit cards will be mailed to your home in a plain unmarked white envelope. Please read the cardholder agreement that is included with the card. Additional (up to three) or replacement cards may be requested through the member site at no extra cost.
Activation is easy…
Your new debit cards will arrive with a sticker on the front of the cards, and you must either activate the card at the member portal or call the number listed to activate them.
Where can I use the card?
You may use your debit card at the following locations:
If you use your card at an unqualified merchant, the transaction will be declined. You can download a list of merchants that have an IIAS system installed by entering the following web address in your browser: http://apps.sig-is.org/SIGISPublicRpts/IIASMerchantList.aspx.
What debit card transactions must be substantiated?
Certain debit card transactions will require you to submit physical documentation of the expense. Examples of such expenses include:
How do I substantiate a debit card transaction?
If documentation is needed, you will be notified of the item(s) that require substantiation. Sufficient substantiation must include: date the expense was incurred, the amount of the expense, a description of the service provided or item purchased, the name of the recipient (you, your spouse or dependent) and the name of the facility or provider. Examples of sufficient documentation include a detailed pharmacy receipt or an insurance Explanation of Benefits statement.
What happens if I do not submit documentation for my debit card transaction?
If documentation is not submitted, IRS regulations require that card access for that participant be temporarily suspended until you provide the applicable receipts or repay the plan. You will be responsible for reimbursing the plan — by check or through payroll deductions — for any unsubstantiated amounts. If recovery is not possible, you will be taxed on the value of the unsubstantiated expenses.
How long can you use your card?
Your debit cards will be valid for three years. You will automatically receive new cards by mail during the month in which your card expires.
Other Information
Please remember you can get more information about these benefits online as well as access your HSA, FSA and transportation account. You may view detailed information such as your account balance, claim status and payment information. This information will be available to you 24 hours a day, seven days a week. If you have any questions regarding your account, please call HealthEquity Member Services at 866.346.5800 for FSA and HSA inquiries and 877.924.3967 for parking and transit inquiries.
To access your account, follow the simple steps below:
You will be automatically and securely transferred to the member portal. Here you can:
Nemours has partnered with Fidelity Investments as its record keeper. There is a 403(b) plan for Nemours associates with access to a 457(b) program for highly compensated associates based on eligibility requirements. Full-time, part-time, casual, temporary, and seasonal associates of Nemours are automatically enrolled in the 403(b) plan with a 4% contribution rate. These tax-deferred contributions will begin as soon as administratively possible following 35 days of employment. Associates may opt out of the automatic enrollment or change their contribution rate at any time by contacting Fidelity Investments at 800.343.0860, visiting the website or downloading the app.
For comprehensive planning and advice services, visit a Fidelity Investor Center at a location near you and schedule an appointment with a local advisor regarding:
Please make sure you designate a beneficiary for your retirement account(s). Taking this step in your estate planning will help give you peace of mind and improve your overall financial wellness.
The Nemours Pension Plan is administered by Willis Towers Watson. The plan closed to new associates effective Jan. 1, 2010. For more information, see the Pension Plan Summary Plan Description. If you’re thinking of retiring or doing some financial planning, use the pension plan self service tool to get a pension estimate. Contact the Nemours Pension Service Center at 800.235.3225 Monday-Friday from 9 a.m.-6 p.m. ET.
Nemours wants to help you be as prepared as possible as you navigate the path toward a successful retirement. The Retirement Readiness Associate Toolkit contains helpful information about the process of preparing for retirement, as well as checklists, contact lists, resources and frequently asked questions. This toolkit is a first step for you to review as you contemplate retirement.
All associates are automatically enrolled* in the 403(b) Retirement Savings Plan with a contribution rate of 4%. This is a tax-deferred savings plan administered by Fidelity Investments that provides associate payroll contributions and Nemours contributions to eligible associates. Associate contributions begin on the first paycheck following 35 days of employment and are automatically invested in a default investment. Associates may opt out or change their contribution percentage or investment election at any time. Associates may contribute up to the IRS limits. For 2025, the annual contribution limit is $23,500 for any associates less than 50 years of age.
Associates who are age 50 or older may contribute up to $31,000. Your contributions are always 100% vested. For eligible associates, the plan provides a 50% Nemours matching contribution up to 4% of eligible pay (maximum match of 2% of eligible pay), and a service-based Nemours contribution (ranging from 3% to 8% of eligible pay) made quarterly. Associates who are not scheduled to work at least 1,000 hours in a year must complete at least 1,000 hours of service before being eligible for Nemours contributions.
Associates who are not eligible for Nemours contributions may still make voluntary payroll contributions to the 403(b) plan with traditional pretax or Roth after-tax contributions.
*Once you are enrolled, please remember to access your account at Fidelity Investments and designate a beneficiary to ensure your financial assets are allocated according to your wishes upon your passing.
403(b) Summary Plan Description
403(b) Education Booklet
Nemours Matching Contribution
Eligible associates will receive a Nemours match each pay period equal to $0.50 on each dollar you contribute on contributions up to 4% of eligible pay, up to a maximum match of 2% of eligible pay. Effective Jan. 1, 2022, the Nemours matching contributions for new hires are 100% vested after three years of service. Matching contributions for associates hired prior to Jan. 1, 2022, are 100% vested.
Note: Casual and part-time associates will be eligible for Nemours matching and quarterly service-based contributions after one year of service. A year of service is earned after you work at least 1,000 hours within 12 months of your date of hire or you work at least 1,000 hours in any calendar year beginning after your date of hire.
Note: If your full-time equivalency is .4807 or higher, meaning you are scheduled to work at least 1,000 hours per year, you are immediately eligible for Nemours matching contributions. If your full-time equivalency is less than .4807, meaning you are scheduled to work less than 1,000 hours per year, you may become eligible for Nemours matching contributions by working at least 1,000 hours of service during an eligibility period. The first eligibility period is the 12-month period beginning on your date of hire. Subsequent eligibility periods are based on the calendar year beginning after your date of hire.
Nemours Service-Based Contribution
Once you become eligible for matching contributions as noted above, Nemours provides a quarterly service-based contribution for any quarter that you receive pay for at least 250 hours of work, based on the paycheck dates during the quarter. The quarterly service-based Nemours contributions are calculated by taking your earnings paid during the quarter times a percentage based on your years of service provided in the table below. Quarterly service-based contributions become 100% vested after three years of service.
| Years of Service | Contribution |
|---|---|
| 0-4 Years | 3% |
| 5-9 Years | 4% |
| 10-14 Years | 5% |
| 15-19 Years | 6% |
| 20-24 Years | 7% |
| 25+ Years | 8% |
403(b) Contribution Example
Let’s say you are an eligible associate with two years of service. Your annual compensation is $50,000 and you contribute 4% of your compensation to the 403(b) Plan. The example below shows an annualized calculation of all plan contributions:
4% x $50,000 = $2,000 (Your Contribution)
50% x $2,000 = $1,000 (Nemours Matching Contribution)
3% x $50,000 = $1,500 (Nemours Service-Based Contribution)
Total of Your and Nemours Contributions = $4,500
The 457(b) Retirement Savings Plan is a supplemental tax-deferred savings plan available to Nemours associates who meet salary and other eligibility requirements. The minimum required annual base salary is $200,000. The plan also requires that you are a physician or director level or above, with a .50 FTE or higher. This plan offers another way for higher earners to save for retirement, in addition to saving through the 403(b) plan. The 2025 contribution limit is $23,500. If you decide to enroll in this plan, remember to designate a beneficiary for your account.