Rates for insurance and health care plans are negotiated annually with our insurance underwriters. These rates are generally stable but can go up or down slightly from year to year.
Life insurance, long term disability, accidental death, disease and dismemberment, and weekly indemnity plans provide benefits based on an individual's salary. The cost for these plans will vary by the employee's salary and the coverage chosen by the employer.
Extended health care and dental services have a fixed rate for single coverage and another rate for family coverage.
The NEBS Pension Plan is legislated and employee contributions are set in the plan. The current contribution for employees is 8% of regular earnings. Employers currently contribute a matching 8%.
The NEBS office can provide interested employers with exact costs for the various plans and the optional levels of coverage based on a current employee salary listing.