This report analyzes and compares CHANGE HEALTHCARE's employee health insurance and employee benefits with its industry and in Tennessee 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
CHANGE HEALTHCARE has top-notch 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 CHANGE HEALTHCARE. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CHANGE HEALTHCARE 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. CHANGE HEALTHCARE has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: CHANGE HEALTHCARE believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: CHANGE HEALTHCARE encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, CHANGE HEALTHCARE supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: CHANGE HEALTHCARE has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: CHANGE HEALTHCARE believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that CHANGE HEALTHCARE provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: CHANGE HEALTHCARE does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, CHANGE HEALTHCARE implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: CHANGE HEALTHCARE realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CHANGE HEALTHCARE | Industry | Tennessee |
|---|---|---|---|
| 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
CHANGE HEALTHCARE 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 CHANGE HEALTHCARE's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CHANGE HEALTHCARE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CHANGE HEALTHCARE implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at CHANGE HEALTHCARE have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. CHANGE HEALTHCARE partially pays for dentures and braces as well.
- HEALTH INSURANCE: CHANGE HEALTHCARE offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: CHANGE HEALTHCARE does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: CHANGE HEALTHCARE has a superior 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: CHANGE HEALTHCARE 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: CHANGE HEALTHCARE has an exceptional telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: CHANGE HEALTHCARE provides a first-class 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 | CHANGE HEALTHCARE | Industry | Tennessee |
|---|---|---|---|
| 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
CHANGE HEALTHCARE 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: CHANGE HEALTHCARE 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. CHANGE HEALTHCARE 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 CHANGE HEALTHCARE has Matching program that matches 75% of employees' contributions. Whatever CHANGE HEALTHCARE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CHANGE HEALTHCARE. Recognizing that every team member is unique, with specific needs and goals, CHANGE HEALTHCARE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CHANGE HEALTHCARE 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 CHANGE HEALTHCARE.
- BONUS PAY: CHANGE HEALTHCARE has an extraordinary 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: CHANGE HEALTHCARE does not offer childcare discount.
- COMMUTER BENEFIT: CHANGE HEALTHCARE 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: CHANGE HEALTHCARE has a suitable 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: CHANGE HEALTHCARE has an outstanding 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: CHANGE HEALTHCARE offers an exceptional life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: CHANGE HEALTHCARE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CHANGE HEALTHCARE has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CHANGE HEALTHCARE recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by CHANGE HEALTHCARE, on volunteer work of their choice.
- PARENTAL LEAVE: CHANGE HEALTHCARE has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CHANGE HEALTHCARE | Industry | Tennessee |
|---|---|---|---|
| 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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