This report analyzes and compares LEXINGTON INSURANCE's 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
LEXINGTON INSURANCE 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 LEXINGTON INSURANCE. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: LEXINGTON INSURANCE continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that LEXINGTON INSURANCE uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: LEXINGTON INSURANCE believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: LEXINGTON INSURANCE encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, LEXINGTON INSURANCE supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: LEXINGTON INSURANCE has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: LEXINGTON INSURANCE offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by LEXINGTON INSURANCE to grow as leaders and learn how to make tough calls.
- ONBOARDING: LEXINGTON INSURANCE offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: LEXINGTON INSURANCE has a first-class 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: LEXINGTON INSURANCE does not offer tuition reimbursement.
Benefit | LEXINGTON INSURANCE | 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
LEXINGTON INSURANCE offers top-notch 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 LEXINGTON INSURANCE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: LEXINGTON INSURANCE is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why LEXINGTON INSURANCE implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: LEXINGTON INSURANCE cares about its team members' dental health so it offers an extraordinary 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: LEXINGTON INSURANCE offers a superior 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, LEXINGTON INSURANCE 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: To financially help its team members with medical emergencies, LEXINGTON INSURANCE offers a valuable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, LEXINGTON INSURANCE has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: LEXINGTON INSURANCE has implemented a first-class telehealth policy for its members to use any time of the day, every single day. LEXINGTON INSURANCE covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: LEXINGTON INSURANCE 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 | LEXINGTON INSURANCE | 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
LEXINGTON INSURANCE offers first-class financial benefits for employees and their family members. A first-class 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: LEXINGTON INSURANCE does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: LEXINGTON INSURANCE does not offer adoption assistance reimbursement.
- BONUS PAY: LEXINGTON INSURANCE has an exceptional 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: LEXINGTON INSURANCE cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: LEXINGTON INSURANCE 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: LEXINGTON INSURANCE offers an extraordinary 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: LEXINGTON INSURANCE offers a remarkable 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: LEXINGTON INSURANCE offers an outstanding 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 outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: LEXINGTON INSURANCE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why LEXINGTON INSURANCE has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: LEXINGTON INSURANCE recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by LEXINGTON INSURANCE, on volunteer work of their choice.
- PARENTAL LEAVE: LEXINGTON INSURANCE has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | LEXINGTON INSURANCE | 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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