This report analyzes and compares BLUE SHIELD OF CALIFORNIA's employee health insurance and employee benefits with its industry and in California 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 SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, BLUE SHIELD OF CALIFORNIA makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: BLUE SHIELD OF CALIFORNIA does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows BLUE SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: BLUE SHIELD OF CALIFORNIA is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, BLUE SHIELD OF CALIFORNIA ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: BLUE SHIELD OF CALIFORNIA is aware of the difficulties that new employees might experience when they join the team. That's why BLUE SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: BLUE SHIELD OF CALIFORNIA has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | BLUE SHIELD OF CALIFORNIA | Industry | California |
|---|---|---|---|
| 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 SHIELD OF CALIFORNIA offers superior 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 SHIELD OF CALIFORNIA's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BLUE SHIELD OF CALIFORNIA has an extraordinary counseling program for its employees and their family members. Team members are encouraged by BLUE SHIELD OF CALIFORNIA 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 extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at BLUE SHIELD OF CALIFORNIA have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. BLUE SHIELD OF CALIFORNIA partially pays for dentures and braces as well.
- HEALTH INSURANCE: BLUE SHIELD OF CALIFORNIA provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, BLUE SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA has a remarkable 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 SHIELD OF CALIFORNIA has a good 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 SHIELD OF CALIFORNIA has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. BLUE SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | BLUE SHIELD OF CALIFORNIA | Industry | California |
|---|---|---|---|
| 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 SHIELD OF CALIFORNIA offers superb financial benefits for employees and their family members. A superb 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 SHIELD OF CALIFORNIA knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 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 SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA provides resources which will help team members decide what to do with their 401(k) plan. BLUE SHIELD OF CALIFORNIA offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BLUE SHIELD OF CALIFORNIA has a top-notch 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 SHIELD OF CALIFORNIA.
- BONUS PAY: BLUE SHIELD OF CALIFORNIA offers superior bonuses to team members who excel in their field of work, provide extraordinary results for BLUE SHIELD OF CALIFORNIA, and encourage others to do the same.
- CHILDCARE DISCOUNT: BLUE SHIELD OF CALIFORNIA has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: BLUE SHIELD OF CALIFORNIA offers extraordinary commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: BLUE SHIELD OF CALIFORNIA offers an outstanding 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 SHIELD OF CALIFORNIA has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: BLUE SHIELD OF CALIFORNIA 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 SHIELD OF CALIFORNIA realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BLUE SHIELD OF CALIFORNIA has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BLUE SHIELD OF CALIFORNIA believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why BLUE SHIELD OF CALIFORNIA offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: BLUE SHIELD OF CALIFORNIA has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BLUE SHIELD OF CALIFORNIA | Industry | California |
|---|---|---|---|
| 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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