This report analyzes and compares BLUE CROSS AND BLUE SHIELD OF MINNESOTA's employee health insurance and employee benefits with its industry and in Minnesota State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. BLUE CROSS AND BLUE SHIELD OF MINNESOTA believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: BLUE CROSS AND BLUE SHIELD OF MINNESOTA believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. BLUE CROSS AND BLUE SHIELD OF MINNESOTA has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, BLUE CROSS AND BLUE SHIELD OF MINNESOTA can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BLUE CROSS AND BLUE SHIELD OF MINNESOTA is always on the lookout for new leadership material and offers valuable development programs for its team members. With access to valuable resources, BLUE CROSS AND BLUE SHIELD OF MINNESOTA ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BLUE CROSS AND BLUE SHIELD OF MINNESOTA does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, BLUE CROSS AND BLUE SHIELD OF MINNESOTA implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA does not offer tuition reimbursement.
Benefit | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | Industry | Minnesota |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy BLUE CROSS AND BLUE SHIELD OF MINNESOTA's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BLUE CROSS AND BLUE SHIELD OF MINNESOTA wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superb counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: BLUE CROSS AND BLUE SHIELD OF MINNESOTA is aware of the fact that a healthy employee is a productive employee so it offers exceptional health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. BLUE CROSS AND BLUE SHIELD OF MINNESOTA covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | Industry | Minnesota |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers first-class financial benefits for employees and their family members. A first-class 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: BLUE CROSS AND BLUE SHIELD OF MINNESOTA knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and BLUE CROSS AND BLUE SHIELD OF MINNESOTA will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, BLUE CROSS AND BLUE SHIELD OF MINNESOTA provides resources which will help team members decide what to do with their 401(k) plan. BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has an outstanding Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a solid daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers a superior short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: BLUE CROSS AND BLUE SHIELD OF MINNESOTA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BLUE CROSS AND BLUE SHIELD OF MINNESOTA believes that exceptional volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BLUE CROSS AND BLUE SHIELD OF MINNESOTA offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BLUE CROSS AND BLUE SHIELD OF MINNESOTA has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | Industry | Minnesota |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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