This report analyzes and compares BLUE CROSS BLUE SHIELD OF MASSACHUSETTS' employee health insurance and employee benefits with its industry and in Massachusetts 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 BLUE SHIELD OF MASSACHUSETTS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. BLUE CROSS BLUE SHIELD OF MASSACHUSETTS believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS makes sure that every single team member takes the full advantage of top-notch career planning programs.
- COACHING AND MENTORING: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS 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 BLUE SHIELD OF MASSACHUSETTS ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS does not offer onboarding.
- RECOGNITION PROGRAMS: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to BLUE CROSS BLUE SHIELD OF MASSACHUSETTS.
- TUITION REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS does not offer tuition reimbursement.
Benefit | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | Industry | Massachusetts |
|---|---|---|---|
| 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 BLUE SHIELD OF MASSACHUSETTS has valuable health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers valuable dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a valuable healthcare spending account at their disposal.
- COUNSELING: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has an exceptional counseling program for its employees and their family members. Team members are encouraged by BLUE CROSS BLUE SHIELD OF MASSACHUSETTS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers a good 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 BLUE SHIELD OF MASSACHUSETTS offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers solid health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS does not offer telehealth.
- VISION PLAN: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS 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 BLUE SHIELD OF MASSACHUSETTS | Industry | Massachusetts |
|---|---|---|---|
| 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 BLUE SHIELD OF MASSACHUSETTS offers superior financial benefits for employees and their family members. A superior 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 BLUE SHIELD OF MASSACHUSETTS has an outstanding 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers an outstanding program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a remarkable Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by BLUE CROSS BLUE SHIELD OF MASSACHUSETTS.
- BONUS PAY: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a suitable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers an impressive daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS offers a valuable life insurance policy to its team members for an affordable price. BLUE CROSS BLUE SHIELD OF MASSACHUSETTS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a first-class volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: BLUE CROSS BLUE SHIELD OF MASSACHUSETTS has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | Industry | Massachusetts |
|---|---|---|---|
| 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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