Additional Benefits

The EAP provided by New York Life provides confidential and professional assistance at no cost to eligible employees, dependents, and/or significant others. Services are available for a wide range of personal matters, such as:

• Confidential Emotional Support

• Work and Lifestyle Support

• Legal Guidance

• Financial Resources

• Grief and loss

• Digital Support

The program provides unlimited telephonic counselors and advice, referrals for up to three face-to-face sessions with a nearby counselor, child, and elder care referral services, legal resources and referral services, and financial counseling resources. A library of educational resources including articles, podcasts, videos, and recorded and live webinars is available on their website.

Call 800-344-9752, 24 hours a day / 7 days a week, or visit www.guidanceresources.com.  

ComPsych Resource Stevens Login Information

Life insurance is an important part of financial security. Stevens provides employee with basic life coverage at no cost. Employees also have the option of purchasing supplemental life insurance. New York Life is Stevens' life insurance carrier for all plans. They can be reached online or by phone at 800-644-5567.

For more information on life insurance, please refer to page 21 of the 2025 Benefits Guidebook.

Employees should make sure they've designated a beneficiary (or beneficiaries) for life and AD&D insurance policies in Workday. These can be changed at any time.

Basic Life Insurance and AD&D Insurance

Stevens provides eligible employees with basic life insurance in an amount that equals one times annual earnings up to a maximum of $150,000. This benefit is 100% employer paid, but the benefit may be considered as inputted income under IRS provisions.

Supplemental Life Insurance

If you need additional protection beyond the basic life insurance provided to you, you may purchase supplemental life for yourself. If you elect this coverage, you will be responsible for paying 100% of the cost and will have deductions taken from your pay on a post-tax basis.

You may choose select additional coverage for yourself in increments of 1, 2, 3, 4, or 5 times your annual salary up to the benefit maximum of $1,000,000. After enrolling in voluntary coverage for yourself, you may additionally enroll in coverage for your spouse in increments of $5,000 up to the benefit maximum of the lesser of 50% of your own voluntary coverage or $250,000.

Voluntary life insurance has a guaranteed issue amount of $300,000 for yourself and $25,000 for your spouse. Coverage above those thresholds is subject to Evidence of Insurability (EOI) and may require additional documentation.

Stevens allows employees to redirect a portion of their pay, through pre-tax payroll deductions, into flexible spending accounts (FSAs). Your FSA benefits are administered by Benefit Resource, Inc (BRI). You can contact them online or by phone at 800-473-9595.

The money that goes into your FSA is deducted from your pay before taxes are calculated. FSAs are 100% employee-funded.

There are two types of FSAs available: accounts to be used for healthcare related expenses and an account for dependent care related expenses. You must elect to contribute to an FSA each year either as a new hire or during our annual open enrollment period.

For more information on FSAs, please refer to page 23 of the 2025 Benefits Guidebook.

Healthcare FSA / Limited Purpose FSA

In 2025, you may contribute up to $3,300 to either a Healthcare FSA or a Limited Purpose for use during the calendar year. If you have unused funds remaining at the end of the year, you may rollover up to $660 to be used in 2026. Anything above that amount is forfeited.

Healthcare FSAs allow you to set aside money to be used for various out-of-pocket medical, prescription, dental, vision, and certain over-the-counter expenses. For a complete list, you can refer to BRI's resource page on eligible expenses.

If you (and/or Stevens Institute) are contributing to an HSA and you are interested in contributing to a healthcare FSA, you can only elect to contribute on a “limited” basis. A “limited” healthcare FSA can only be used to pay for dental and vision expenses. Only the portion of the qualified dental and/or vision expense that is not covered by any other coverage can be reimbursed through a Limited Purpose FSA.

Dependent Care FSA

You may contribute up to $5,000 ($2,500 if you are married and file your taxes separately) to a Dependent Care FSA for use in the current calendar year. Any unused funds at the end of the calendar year are forfeited. There is no rollover provision with the Dependent Care FSA. This type of FSA allows you to pay for eligible daycare expenses on a pre-tax basis for your child, disabled spouse, or elderly parent (whom you claim on your taxes). For a list of eligible expenses, please refer to BRI's resource page.

The Commuter Savings program allows you to set aside pre-tax dollars to pay for work-related transit and/or parking expenses. Your commuter benefits are administered by Benefit Resource, Inc (BRI). You can contact them online or by phone at 800-473-9595.

Commuter savings are 100% employee funded. You may start, stop, or change your commuter benefit elections via Workday throughout the year. Funds rollover from month to month through your duration as an active employee.

For more information on commuter savings, please refer to page 25 of the 2025 Benefits Guidebook.

Stevens offers two supplemental, voluntary benefits through Cigna designed to provide additional protection for you and your family through fixed benefits paid directly to you. These benefits are not intended to replace medical insurance coverage and do not directly affect your medical insurance coverage. Both plans are 100% employee paid via post-tax payroll deductions.

For more information on supplemental indemnity insurance, please refer to pages 13-15 of the 2025 Benefits Guidebook.

Accidental Injury Insurance

This plan provides fixed cash benefits for a broad range of injuries or treatments from a covered accident. It also includes wellness incentive benefits for completing select wellness treatments. There are no copays, deductibles, coinsurance or network requirements. Coverage continues after the first covered accident, and provides protection for future covered accidents.

Hospital Care Insurance

This plan provides fixed cash benefits for hospital admissions, hospital stays, and ICU stays from covered illnesses and injuries. You can use the money for whatever you need, from deductibles and copays to alternative treatments, child care, transportation and everyday household expenses.