This report analyzes and compares MAGELLAN HEALTH SERVICES' employee health insurance and employee benefits with its industry and in Connecticut 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
MAGELLAN HEALTH SERVICES offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. MAGELLAN HEALTH SERVICES 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: MAGELLAN HEALTH SERVICES offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MAGELLAN HEALTH SERVICES makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: MAGELLAN HEALTH SERVICES does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows MAGELLAN HEALTH SERVICES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MAGELLAN HEALTH SERVICES has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MAGELLAN HEALTH SERVICES does not offer leadership programs.
- ONBOARDING: MAGELLAN HEALTH SERVICES is aware of the difficulties that new employees might experience when they join the team. That's why MAGELLAN HEALTH SERVICES has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: MAGELLAN HEALTH SERVICES 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: MAGELLAN HEALTH SERVICES does not offer tuition reimbursement.
Benefit | MAGELLAN HEALTH SERVICES | Industry | Connecticut |
|---|---|---|---|
| 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
MAGELLAN HEALTH SERVICES 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 MAGELLAN HEALTH SERVICES's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MAGELLAN HEALTH SERVICES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MAGELLAN HEALTH SERVICES 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: Team members at MAGELLAN HEALTH SERVICES have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MAGELLAN HEALTH SERVICES partially pays for dentures and braces as well.
- HEALTH INSURANCE: MAGELLAN HEALTH SERVICES provides an excellent 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, MAGELLAN HEALTH SERVICES 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: MAGELLAN HEALTH SERVICES offers an excellent 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: MAGELLAN HEALTH SERVICES offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MAGELLAN HEALTH SERVICES has an excellent 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: MAGELLAN HEALTH SERVICES 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 | MAGELLAN HEALTH SERVICES | Industry | Connecticut |
|---|---|---|---|
| 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
Team members enjoy valuable financial benefits at MAGELLAN HEALTH SERVICES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MAGELLAN HEALTH SERVICES offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MAGELLAN HEALTH SERVICES to partially cover the expenses.
- 401(K) PLAN: MAGELLAN HEALTH SERVICES knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 MAGELLAN HEALTH SERVICES 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, MAGELLAN HEALTH SERVICES provides resources which will help team members decide what to do with their 401(k) plan. MAGELLAN HEALTH SERVICES offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MAGELLAN HEALTH SERVICES 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: MAGELLAN HEALTH SERVICES has a great 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: MAGELLAN HEALTH SERVICES offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: MAGELLAN HEALTH SERVICES 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: MAGELLAN HEALTH SERVICES offers a top-notch 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: MAGELLAN HEALTH SERVICES has a great disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MAGELLAN HEALTH SERVICES has a first-class 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: MAGELLAN HEALTH SERVICES wants for its team members to lead a happy and fulfilled life so it has a solid 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: MAGELLAN HEALTH SERVICES believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why MAGELLAN HEALTH SERVICES offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: MAGELLAN HEALTH SERVICES has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MAGELLAN HEALTH SERVICES | Industry | Connecticut |
|---|---|---|---|
| 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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