The Clearinghouse provides a comprehensive benefits program designed to help meet the needs of you and your family both now and in the future. The benefits that the Clearinghouse offers are competitive and flexible, recognizing the diverse needs of our employees. These benefits are offered to full-time employees working at least 30 hours per week. Not all terms of the various programs are detailed below.
All full-time employees, their spouses, domestic partners, and dependents under 26 years of age are eligible to join the United Healthcare Choice or Choice Plus Medical Plan. Coverage will be effective the first day of employment.
All full-time employees, their spouses, domestic partners, and dependents under 26 years of age are also eligible to join the Humana Dental Plan.
All full-time employees, their spouses, domestic partners, and dependents under 26 years of age are also eligible to join the Group Vision Service plan.
National Student Clearinghouse through Mutual of Omaha pays for a Term Life Insurance policy and an Accidental Death and Dismemberment policy for full-time employees of three times your base annual salary, up to a maximum of $500,000. Enrollment eligibility starts on the first day of employment.
National Student Clearinghouse through Mutual of Omaha pays for a Life Insurance policy for full-time employees of $5,000 for your Spouse and/or your dependent Child(ren). Enrollment eligibility starts on the first day of employment.
National Student Clearinghouse through Mutual of Omaha Financial pays for a Short Term Disability Insurance policy for full-time employees. Enrollment eligibility is at the employees' 90-day anniversary. Effective date of the insurance is the first of the month following the eligibility date.
National Student Clearinghouse through Mutual of Omaha pays for a Long Term Disability Insurance policy for full-time employees. Enrollment eligibility is at the employees' 90-day anniversary. Effective date of the insurance is the first of the month following the eligibility date.
National Student Clearinghouse offers an exceptional way to decrease your taxable income through a provision of Internal Revenue Code Section 125. Under a Section 125 plan, pre-tax dollars are used to purchase benefits. A Section 125 Cafeteria Plan can increase your take-home pay by allowing pre-tax dollars to purchase your benefits.
Under the Healthcare Spending Account and the Dependent Care Spending Account portion of the "Cafeteria Plan" you can redirect up to $2,500 annually (Jan-Dec Plan year) for Un-reimbursed Medical and Dental Expenses and up to $5,000 annually for Qualified Dependent Care Expenses. Enrollment eligibility is the first day of employment.
Planning for your retirement is important whatever your age. The Clearinghouse's 401(k) savings plan provides you with the opportunity and resources necessary to ensure a secure financial future for yourself and your family. All regular 401(k) investment contributions are taken from paychecks before taxes are applied.
In addition to the regular 401(k), employees may choose to participate in the Roth 401(k). Deductions are taken on an after tax basis.
Employees choose from available investment selections. Plan contributions and risks are solely the responsibility of the employee. All employees who are at least 21 years old are eligible to participate on their first day of employment and may contribute up to the IRS maximum allowable contribution. An additional catch-up program within the IRS guidelines is available for employees over 50 years of age. The money you contribute to the plan is 100% vested (owned unconditionally by you) upon deposit.
The plans provide for company matching contributions. Clearinghouse management and the board of directors determine the matching contribution amount. Currently, the match is $2.00 for every $1.00 of deferral up to 5% for a total of 10% match if the employee defers 5%. The money contributed by the Clearinghouse will follow a separate vesting schedule of 25% per year. Thus, after completion of one year of service, you are 25% vested; after completion of two years of service, you are 50% vested; after completion of three years, you are 75% vested. You are 100% vested after completion of four years of service.
Employee will accrue vacation based on their length of service with the Clearinghouse. Full-time hourly and part-time (less than 30 hours per week) employees accrue vacation on an hourly basis, based upon time worked (excluding overtime).
Between November 1st and December 15th of each calendar year, employees may request the Clearinghouse to buy back a portion of their unused accrued vacation.
For each pay period from the date of hire employees accrue sick time that may be used for absences because of illness, injury, or medical or dental treatment for themselves, their spouse, their parents, their spouse's parents, their child(ren), or others who reside in the employees' home for at least one year.
Full-time salary employees accrue sick time on a daily basis of .3077 per work day for a possible 10 days per year. Full-time hourly and part-time (less than 30 hours per week) employees accrue sick time on an hourly basis of .0385 per hour for a possible 10 days per year, based on time worked (excluding overtime). There is no limit to the number of hours of sick time an employee may accrue. Sick time balances are not paid out upon termination of employment.
Employees may use accrued sick time per calendar year as personal time. This must be approved by the employee's supervisor and scheduled at least 3 days in advance. The amount of sick time used for personal time will be based on the employee's length of service.
The Clearinghouse observes 11 holidays per year
Our Employee Education Assistance Program reflects the Clearinghouse's commitment to continuing our employees' education.
The Clearinghouse will match an Employee's donation to educational and/or non-religious charitable organizations located in the United States or one of its possessions. Educational institutions must be a primary, secondary or higher education institution or a scholarship program managed by a non-profit organization. Non-religious charitable organizations must be recognized by the Internal Revenue Service (IRS) as tax-exempt and designated a public charity under Section 501(c)(3) of the IRS code or as an instrumentality of a state or local government as provided by 170(c)(1) of the code.
The National Student Clearinghouse is located in a building that has a fitness room for the use of all employees.
Employees may be reimbursed for expenses associated with adopting a child. The maximum benefit per adoption is $5,000 for full-time employees.
The EAP offers information and resources for you and your family members with confidential assistance to help resolve personal, family and work issues, including dependent care, elder care, stress, depression and grief.
If you have an emergency while traveling, call the Travel Assistance toll-free number anytime for immediate attention from a multi-lingual professional.
Travel Assistance offers the following services;
National Student Clearinghouse reimburses the employee's annual basic membership. This is a taxable fringe benefit and is reimbursed through the payroll system when the employee submits a request. AAA provides a full range of automotive, travel plans, entertainment, financial assistance, insurance, automobile purchases, repairs, loans and home services, offers a Visa credit card, as well as discounts available only to AAA members. AAA can even help you figure out how much you can afford for a car and obtain financing, even if you have bad credit.
Employees can select one of the following three basic memberships to request reimbursement for on an annual basis: Costco, Sam's Club, or BJ's. This is a taxable fringe benefit and is reimbursed through the payroll system when the employee submits a request.
As an employee of NSC you are eligible to open an account with Apple Federal Credit Union. Apple Federal Credit Union is a cooperative institution which exists to serve the financial needs of its defined membership by providing loan, deposit, and other consumer services with high quality and efficiency, not for profit, but for the economic benefit of members.