This report analyzes and compares CAREFIRST's employee health insurance and employee benefits with its industry and in Maryland State.

COMPARE CAREFIRST'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

CAREFIRST has remarkable 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 CAREFIRST. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: CAREFIRST offers top-notch possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CAREFIRST makes sure that every single team member takes the full advantage of top-notch career planning programs.
  • COACHING AND MENTORING: CAREFIRST believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
  • DEVELOPMENT RESOURCES: CAREFIRST encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, CAREFIRST supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: CAREFIRST has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
  • LEADERSHIP PROGRAMS: CAREFIRST believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that CAREFIRST provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why CAREFIRST offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: CAREFIRST has a superior Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
  • TUITION REIMBURSEMENT: CAREFIRST realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
CAREFIRST's career benefits comparison table

Benefit

CAREFIRST

Industry

Maryland

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

CAREFIRST 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 CAREFIRST's superior maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: CAREFIRST has an excellent counseling program for its employees and their family members. Team members are encouraged by CAREFIRST 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
  • DENTAL PLAN: CAREFIRST cares about its team members' dental health so it offers an exceptional 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: CAREFIRST offers a suitable 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, CAREFIRST offers good 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: CAREFIRST offers an impressive 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: CAREFIRST offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: CAREFIRST has implemented a first-class telehealth policy for its members to use any time of the day, every single day. CAREFIRST covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: CAREFIRST 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.
CAREFIRST's healthcare benefits comparison table

Benefit

CAREFIRST

Industry

Maryland

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

CAREFIRST 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: CAREFIRST has an excellent 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, CAREFIRST offers an excellent 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, CAREFIRST offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: CAREFIRST has a great Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
  • BONUS PAY: CAREFIRST has a good 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: CAREFIRST offers a suitable discount for primary childcare to its team members and enables them affordable prices.
  • COMMUTER BENEFIT: CAREFIRST 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: CAREFIRST offers a superb daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
  • DISABILITY: CAREFIRST offers a first-class 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: CAREFIRST offers a good life insurance policy to its team members for an affordable price. CAREFIRST 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: CAREFIRST wants for its team members to lead a happy and fulfilled life so it has a great vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
  • PAID VOLUNTEER TIME OFF: CAREFIRST 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, CAREFIRST stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: CAREFIRST has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
CAREFIRST's financial benefits comparison table

Benefit

CAREFIRST

Industry

Maryland

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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