This report analyzes and compares BLUE CROSS BLUE SHIELD OF MICHIGAN's employee health insurance and employee benefits with its industry and in Michigan 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 MICHIGAN has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the BLUE CROSS BLUE SHIELD OF MICHIGAN. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BLUE CROSS BLUE SHIELD OF MICHIGAN offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BLUE CROSS BLUE SHIELD OF MICHIGAN makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: BLUE CROSS BLUE SHIELD OF MICHIGAN does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows BLUE CROSS BLUE SHIELD OF MICHIGAN to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MICHIGAN has an exceptional GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: BLUE CROSS BLUE SHIELD OF MICHIGAN does not offer leadership programs.
- ONBOARDING: BLUE CROSS BLUE SHIELD OF MICHIGAN is aware of the difficulties that new employees might experience when they join the team. That's why BLUE CROSS BLUE SHIELD OF MICHIGAN has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, BLUE CROSS BLUE SHIELD OF MICHIGAN implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MICHIGAN realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | BLUE CROSS BLUE SHIELD OF MICHIGAN | Industry | Michigan |
|---|---|---|---|
| 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 MICHIGAN has solid health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers solid 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 solid healthcare spending account at their disposal.
- COUNSELING: BLUE CROSS BLUE SHIELD OF MICHIGAN does not offer counseling.
- DENTAL PLAN: BLUE CROSS BLUE SHIELD OF MICHIGAN cares about its team members' dental health so it offers an outstanding dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: BLUE CROSS BLUE SHIELD OF MICHIGAN offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, BLUE CROSS BLUE SHIELD OF MICHIGAN offers suitable 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 MICHIGAN 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: Aware of the challenges that come with pregnancy, BLUE CROSS BLUE SHIELD OF MICHIGAN has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: BLUE CROSS BLUE SHIELD OF MICHIGAN does not offer telehealth.
- VISION PLAN: BLUE CROSS BLUE SHIELD OF MICHIGAN offers a solid 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 MICHIGAN | Industry | Michigan |
|---|---|---|---|
| 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 MICHIGAN offers top-notch financial benefits for employees and their family members. A top-notch 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 MICHIGAN has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. BLUE CROSS BLUE SHIELD OF MICHIGAN provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class BLUE CROSS BLUE SHIELD OF MICHIGAN has Matching program that matches 75% of employees' contributions. Whatever BLUE CROSS BLUE SHIELD OF MICHIGAN contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BLUE CROSS BLUE SHIELD OF MICHIGAN. Recognizing that every team member is unique, with specific needs and goals, BLUE CROSS BLUE SHIELD OF MICHIGAN keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BLUE CROSS BLUE SHIELD OF MICHIGAN has a first-class 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 MICHIGAN.
- BONUS PAY: BLUE CROSS BLUE SHIELD OF MICHIGAN offers superior bonuses to team members who excel in their field of work, provide extraordinary results for BLUE CROSS BLUE SHIELD OF MICHIGAN, and encourage others to do the same.
- CHILDCARE DISCOUNT: BLUE CROSS BLUE SHIELD OF MICHIGAN cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: BLUE CROSS BLUE SHIELD OF MICHIGAN has a great 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 BLUE SHIELD OF MICHIGAN has a valuable 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 BLUE SHIELD OF MICHIGAN offers a top-notch 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 BLUE SHIELD OF MICHIGAN has a top-notch 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 BLUE SHIELD OF MICHIGAN has an excellent 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 MICHIGAN believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BLUE CROSS BLUE SHIELD OF MICHIGAN offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BLUE CROSS BLUE SHIELD OF MICHIGAN has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BLUE CROSS BLUE SHIELD OF MICHIGAN | Industry | Michigan |
|---|---|---|---|
| 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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