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

COMPARE MASSMUTUAL'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

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

  • CAREER PLANNING: MASSMUTUAL believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. MASSMUTUAL has good resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: By using a great coaching and mentoring program, MASSMUTUAL can determine what should every team member focus on to grow and increase productivity.
  • DEVELOPMENT RESOURCES: outstanding development resources are what allows MASSMUTUAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
  • GED REIMBURSEMENT: MASSMUTUAL does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: MASSMUTUAL believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that MASSMUTUAL 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 MASSMUTUAL offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: MASSMUTUAL knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to MASSMUTUAL.
  • TUITION REIMBURSEMENT: MASSMUTUAL has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MASSMUTUAL.
MASSMUTUAL's career benefits comparison table

Benefit

MASSMUTUAL

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

MASSMUTUAL 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 MASSMUTUAL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: MASSMUTUAL wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
  • DENTAL PLAN: Team members at MASSMUTUAL have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MASSMUTUAL partially pays for dentures and braces as well.
  • HEALTH INSURANCE: MASSMUTUAL offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
  • HEALTH PLAN INCENTIVES: MASSMUTUAL does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, MASSMUTUAL offers a great 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, MASSMUTUAL has created a top-notch maternity support program to support its expecting team members.
  • TELEHEALTH: MASSMUTUAL has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. MASSMUTUAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: MASSMUTUAL 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.
MASSMUTUAL's healthcare benefits comparison table

Benefit

MASSMUTUAL

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

Team members enjoy good financial benefits at MASSMUTUAL. 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. MASSMUTUAL offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MASSMUTUAL to partially cover the expenses.

  • 401(K) PLAN: MASSMUTUAL does not offer 401(k) plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: MASSMUTUAL has a first-class 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 MASSMUTUAL.
  • BONUS PAY: MASSMUTUAL has a valuable 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: MASSMUTUAL offers a suitable discount for primary childcare to its team members and enables them affordable prices.
  • COMMUTER BENEFIT: MASSMUTUAL 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: MASSMUTUAL 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: MASSMUTUAL has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
  • LIFE INSURANCE: MASSMUTUAL has a superior 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: MASSMUTUAL 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: MASSMUTUAL 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 MASSMUTUAL, on volunteer work of their choice.
  • PARENTAL LEAVE: MASSMUTUAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
MASSMUTUAL's financial benefits comparison table

Benefit

MASSMUTUAL

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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