Article

Workplace Trends • Gradifi

10 Healthcare Companies With the Best Employee Benefit Programs in 2018

By Cristina Adams | 4-min read

Employee health care benefits that cover everything from annual check-ups to heart surgery can be a powerful incentive. In order to recruit and retain top talent, employers around the country are recognizing the power of additional benefits and improving their plans accordingly.

These days, employers can offer student loan repayment or refinancing programs, adoption benefits, maternity and paternity leave and discounts at local retailers. In the healthcare industry, the benefits companies offer help employees maintain a great quality of life over the long term.

Below are 10 healthcare companies that offer some of the best comprehensive employee benefit programs in 2018:

Abbott Laboratories

Based just outside of Chicago and employing nearly 100,000 employees, Abbott offers a variety of great benefits—health, dental and vision plans, life insurance, accidental death insurance and long-term disability. Unusually, Abbott offers a savings plan as well as an annuity retirement pension plan.

Unique perk: Earlier this year, Abbott debuted its new Freedom 2 Save program, which allows employees who direct two percent or more of their annual salary toward paying off their student loans to get a five percent match deposited into their 401(k). Employees who already contribute two percent of their annual pay to their 401(k) can also take advantage.

Amgen

The world’s seventh-biggest biotechnology firm offers a Total Rewards package, which includes a base salary and bonus potential, extensive employee benefits and a tuition reimbursement program that covers tuition, books and some fees for job-related courses as well as university degree programs. 

Unique perk: Amgen is one of a growing number of companies stepping up to help working mothers find balance between work and motherhood. The company works with Milk Stork, a breast milk delivery service, to offer employees traveling in the U.S. the option to have breast milk shipped home overnight. Since these shipments are logged as travel expenses, the company also picks up the cost.

axialHealthcare 

Founded in 2012, Nashville-based Axial works with health insurers around the U.S. to provide solutions to pain management and opioid misuse. The company offers a range of insurance packages: health, dental, vision, mental health care, as well as maternity and paternity leave and discounted gym memberships.

Unique perk: Axial offers its employees pre- and post-college programs to tackle the cost of tuition and student debt. Gradifi’s College SaveUp enables companies to make monthly deposits to an employee’s existing 529 tax-advantaged college savings account, while Student Loan Paydown allows an employer to contribute directly to help expedite the student debt payoff.

Baylor, Scott & White

Based in Dallas, Texas, Baylor Scott & White Health is the biggest non-profit health care system in Texas. In April 2018, it was recognized by Fortune magazine as one of the Best Companies to work for in Health Care and Biopharma. The company offers competitive benefits packages featuring adoption assistance, on-site childcare and tuition reimbursement up to $5,250 per year for full-time employees and $2,500 for part-timers.

Unique perk: If your usual caregiver cancels, you can buy up to five days of reliable, affordable care every year, either at a center or in your home. This backup caregiver plan covers both children and adults, as a growing number of households are multigenerational.

Kaiser Permanente

This Oakland-based health-care consortium, which includes health plans and medical facilities, has around 200,000 employees and more than 12 million members across eight states and the District of Columbia. Kaiser offers a wealth of benefits, such as employee discounts, professional development programs, tuition reimbursement and a defined contribution plan with profit-sharing.

Unique perk: In an era when employee pension plans are slowly fading away, the Kaiser Permanente Employees Pension Plan is unique, providing employees with retirement income based on their salary and years of employment at the company. This benefit can kick in at the traditional retirement age of 65 or even sooner if the employee qualifies for early retirement.

Novo Nordisk

Among its many benefits, this Danish healthcare giant offers programs to help employees following natural disasters, a subsidized concierge service for busy or traveling employees and a bonus of three paid days off for employees getting married.

Unique perk: College Coach helps families navigate the college application and decision-making process with their children. The service offers guidance on choosing schools, preparing applications and figuring out how to pay for it all, as well as an online virtual learning center, personalized counseling and an Education Help Desk. And it’s free!

Roche Diagnostics

As the diagnostic division of Switzerland-based Hoffman-La Roche, this Indianapolis-based company offers a range of unique benefits, such as coverage of fertility treatments, summer camp for employees’ children, and health-care benefits for part-time staff. 

Unique perk: Parent company Hoffman-La Roche sponsors the Nelson F. Peterson Scholarship Program, which offers annual scholarships of $2,000 per year for up to four years to National Merit Scholars who are also children of company employees. 

Sage Therapeutics

Sage is a Cambridge, Massachusetts-based biopharmaceutical company that develops medicines and treatments for central nervous system disorders. Sage offers a variety of extra benefits, including three months of paid leave for the primary caregiver of a newborn or adopted child and four weeks for the secondary caregiver; 50 percent matching 401(k) contributions up to 6 percent; and tuition reimbursement of up to $5,250 per year. 

Unique perk: Like many companies, Sage is all about work-life balance. To make life easier for those employees with a new baby, the company gives new parents six months worth of diapers and a TaskRabbit gift card.

Scripps Health

San Diego-based Scripps Health treats 700,000 patients every year and boasts annual revenue of $2.9  billion. In 2018, it was also voted among the Fortune 100 Best Companies to work for and Best Workplaces for Women. The company’s numerous benefits include fertility treatment coverage, mental health care, health insurance for household pets and paid sick leave to care for a family member. 

Unique perk: Designed for those 55 and older, the Staged Retirement Program allows eligible employees to retire gradually with staged benefits. Importantly, those who choose to phase out have the option to hang onto to their medical and dental benefits by paying the same premiums as regular, full-time employees.

Texas Health Resources

This Arlington, Texas-based nonprofit health system employs more than 24,000 at hospitals and health facilities across North Texas. The company offers wellness programs for employees and their families, legal assistance and a generous tuition reimbursement program of up to $5,250 annually for clinical and $4,000 for non-clinical degrees.

Unique perk: Lots of companies encourage their employees to volunteer, but Texas Health Resources takes it a step further with a program called Community Time Off (CTO), which allows every employee to take one paid day off per year to volunteer for a particular project.

When considering opportunities in the healthcare sector, don’t assume that most companies will offer great benefits just because they’re in the industry. Take time to look past flashy perks like free craft beer and Taco Tuesdays, and find which employers offer benefits that will serve you when you most need them, both now and in the future.