Directors’ & Officers’ Insurance Program
Directors & Officers (D&O) Liability Insurance is a necessity for any nonprofit protecting the vulnerability of their volunteer board members. The NYCON-sponsored policy not only includes coverage for all directors, officers and employees, it covers staff, volunteers, and committee members as well.
Types of claims covered by D&O Insurance that may not be covered by other policies include:
- Claims for administrative actions alleging the nonprofit is acting outside its mission or charter, or not using funds as donors appropriated
- Self dealing and conflicts of interest
- Discrimination in the hiring/firing process
- Matters involving tax exempt status or failure to secure payroll taxes
The NYCON D&O program is underwritten by Chubb/Executive Risk an “Excellent” Rated insurer. *To be eligible for program pricing it is required that nonprofits maintain membership in the New York Council of Nonprofits, Inc. (NYCON); be located in New York; be in operation for at least 12 months; be incorporated as a nonprofit; have individual IRS 501(c) tax status; no D&O or EPL claims/litigation activity within the past 5 years and be an eligible class of business.
Delta Dental Insurance Plan
Delta PPO Option (PPO)
A discounted fee-for-service, managed-cost dental plan that allows you the freedom to choose any dentist for treatment, but you will receive the greatest benefit from a dentist participating in Delta’s PPO provider network. This plan also includes access to the Delta Premier network which has the nation’s largest dental network, with more than three out of every four of the country’s dentists participating. Delta Dental Premier provides an unmatched level of patient protection.
In Network Out of Network
Diagnostic 100% 100%
Preventive 100% 100%
Basic Restorative 80% 80%
Oral Surgery 70% 70%
Endodontic 70% 70%
Orthodontics 50% 50%
TMJ 50% 50%
Periodontal 50% 50%
Major Restorative 50% 50%
Prosthodontics 0% 0%
Benefit Maximum: $2,000 per person each calendar year
Orthodontic Maximum: $1,250 Lifetime (per patient)
Deductible: $50 per person per calendar year; Maximum of $150 per
Maximums: $2,000 per person per calendar year. Orthodontics has a separate maximum of $1,250 lifetime per patient. Deductible: $50 per person per calendar year. Maximum of $150 per family per calendar year. Does not apply to Diagnostic and Preventative care. 50% minimum participation required.
Eligibility: Staff of current NYCON members who work at least 20 hours per week are eligible to enroll effective the first of any month after the signing of a group contract with the New York Council of Nonprofits, Inc. Volunteers and part-time staff are also eligible with agency election; ask for more details.
We are proud to be partnering with Humana Vision. The program through NYCON and Humana Vision make it easier and more affordable to get coverage for your employees!
Humana Vision members have access to one of the largest vision networks in the United States, with more than 22,500 participating optometrist and ophthalmologists – and everyone accepts new patients. Plus, members save on frames. They pay the wholesale price, avoiding high retail markups. And the cost of frames is the same at any provider location.
Groups 2-99, either employer paid (at least 75%) or voluntary participation plans are available.
Basic Term Life Insurance
This provides group life affordably & efficiently. Employees value group life insurance as an essential part of their overall benefits program. Your challenge is providing employees with this cornerstone to their financial plan affordably, and efficiently.
When you choose MetLife, they consider your entire benefits strategy as well as the diverse needs of your employees. You’ll see that they look at group life insurance differently. They can help you provide your employees with a group life program that adds value, while controlling your costs and administrative burden.
Term life is a core employer-provided benefit that employees have come to rely on. It’s affordable coverage that helps meet a portion of employees’ income replacement needs in the event of premature death. MetLife makes it easy for employers by offering a range of plan designs and features for companies with 1 or more employees.
Flexible Spending Accounts allow you to save money and pay less in taxes.
What is a Flexible Spending Account (FSA)? Simply put, an “FSA” is an account to which you contribute money deducted “pre-tax” from your salary. You then use that money to pay for out of pocket medical care, deductibles, and over-the-counter items for yourself and for your family.
Exactly how can I save money? Let’s say you make $1,000 per pay period. If you contribute $50 per pay period, this would lessen your taxable income to $950. While you are reducing your taxable income amount (thereby paying less in taxes) you will also have access to the money in your Flexible Savings account. You can either use the convenient debit card when making your FSA purchases at any doctor’s office, drugstore or pharmacy or you can be reimbursed when you submit your claims to your administrator.
Three Types of FSAs for Members of NYCON
- Health Care Flexible Spending Account (HCFSA)
- Dependent Care Flexible Spending Account (DCFSA)
- Transit FSA