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Financial Well-being

Effectively managing your financial responsibilities (and having some left over for fun!) is really important to reducing stress and increasing your sense of security. Baystate offers a variety of resources to help support your financial health, no matter your income.  

Financial Education & Counseling Services

Financial Consultations

Speak directly to a Certified Public Accountant or Certified Financial Planner and get answers to your questions about budgeting, debt management, tax issues and other money concerns. Call  Life GuidanceResources® & EAP at 855-327-4479.

Online Education

Participate in live and recorded presentations related to your personal finances. View the yearly calendar.

Legal Services

Speak directly to an attorney whenever you have questions about legal matters such as divorce, custody, adoption, real estate, debt and bankruptcy, landlord/tenant issues, civil and criminal actions and more. If you require representation, you can be referred to a qualified attorney for a free 30-minute consultation and a 25% reduction in customary legal fees. Call Life GuidanceResources® & EAP at 855-327-4479.

Saving for Retirement

Employee Contributions

 Tax Sheltered Annuities (403B/401K/457B) – you can elect to make pre-tax contributions up to $18,000 annually ($24,000 if age 50+) with several investment options available. For more information, visit eWorkplace/Benefits/Retirement & Pension

Employer Contributions

100% employer-paid defined contribution plan has contributions ranging from 3 to 5% of gross earnings based on years of service. You are eligible for a contribution in any calendar year in which you work 1,000 hours or more. To be vested you must work at least three calendar years of 1,000 hours. Baystate Matching Contribution plan has  50% employer match on the first 4% of your contributions (2% maximum employer match).

Retirement Planning Consultations

 To ensure you are making the best decisions for your financial future, meet one-on-one with a MassMutual Retirement Education Specialist. For more information, visit eWorkplace/Benefits/Retirement & Pension

Tax-Advantaged Savings Accounts

Health Savings Account

Contribute pre-tax dollars to a health savings account if you enroll in the HSA medical plan. For more information visit eWorkplace/Benefits/Health Savings Account

Flexible Spending Accounts

  • Health Care- Contribute pre-tax dollars to pay for eligible health, dental and vision expense not covered by a group health plan.
  • Dependent Care- Contribute pre-tax dollars to pay for eligible dependent care expenses including day care, day camp, and elder care expenses incurred while at work.  

For more information visit eWorkplace/Benefits/Flexible Spending Accounts

Income Protection Benefits

Short Term Disability Insurance 

Provides income replacement for periods of extended illnesses and injuries that do not extend long enough to qualify for Long Term Disability. Baystate covers 50% of your base salary up to a maximum of $3,500 per week at no cost to you. Supplemental buy-ups are available during Open Enrollment. For more information, visit eWorkplace/Benefits.

Group Long Term Disability Insurance

 Provides income if you become ill or injured off the job and cannot work for 90 days or more. Baystate covers 50% of your base salary at no cost to you. Part-time* employees pay the full cost. For more information, visit eWorkplace/Benefits/LongTermDisability

Group Term Life Insurance

Baystate covers at least one times salary for full-time employee and 50% of salary for part-time* employees. Amounts over $500,000 require medical underwriting. For more information visit, eWorkplace/Benefits

Whole Life Insurance

Purchase coverage for one to five times salary, with cash value available to you, your spouse, children, and grandchildren. Medical underwriting is required for some amounts.

Money-Saving Resources

$150 Fitness and Stress Reduction Reimbursement 

Available to employees with a BH-HNE medical plan for qualifying fitness center memberships, aerobic and wellness classes, personal training, or a Mindfulness-Based Stress Reduction Program. Download the form

MyHealth Rewards

Earn up to $500 each year to help offset your health care costs. For more information, visit eWorkplace/Baystate Healthy/MyHealth Rewards

Employee Discounts-

Local and national discounts and special promotions on hundreds of products; electronics, groceries, hotels, restaurants, family care, and more. Go to to join and enter registration code Baystate when prompted.

Personal/Vacation Cash-in Program

 Some Baystate locations allow you to cash-in a portion of your Personal/Vacation time each year. For more information, visit eWorkplace/Benefits/Annual Cash-In.

Benefits Sell

Sell your personal/vacation time to offset the cost of benefits. For more information, visit eWorkplace/Benefits/Open Enrollment

Tuition Assistance

Receive reimbursement for approved work-related tuition expenses. For more information, review the Human Resource Policy BH-HR-705.

Home Buying Assistance

Through the Mark R. Tolosky Baystate Neighbors Program employees can receive reimbursement for a first-time home purchase in Springfield, Greenfield and Ware. For information, visit eWorkplace/My Baystate/Home Buying Assistance Program.

Adoption Assistance

 Receive reimbursement for eligible adoption expenses. For more information, review the Human Resource Policy BH-HR-300.

Caring for Colleagues

Up to $1,000 is available for emergency assistance to employees who have experienced a sudden loss of income, family crisis, or other unforeseen circumstances. For more information, visit eWorkplace/My Baystate/Caring for Colleagues.

Pioneer Valley Credit Union

Onsite branch located in BMC, Daly building across from the gift shop. Low rate Auto Loans, Personal Loans and Mortgages, Mobile/Online Banking, and Cash and Investor Rewards Checking with no minimum balance requirements, with ATM fee rebates. For more information call 413-733-2800 or visit

Franklin First Federal Credit Union

 Membership is available to anyone who works, lives, attends school or worships in Franklin County. For more information call 413-774-6700 or visit