This report analyzes and compares MEDICAL MUTUAL's employee health insurance and employee benefits with its industry and in Ohio 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
MEDICAL MUTUAL 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 MEDICAL MUTUAL. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MEDICAL MUTUAL offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MEDICAL MUTUAL makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: MEDICAL MUTUAL does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: MEDICAL MUTUAL offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MEDICAL MUTUAL has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MEDICAL MUTUAL believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that MEDICAL MUTUAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MEDICAL MUTUAL is aware of the difficulties that new employees might experience when they join the team. That's why MEDICAL MUTUAL has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: MEDICAL MUTUAL knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to MEDICAL MUTUAL.
- TUITION REIMBURSEMENT: MEDICAL MUTUAL has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | MEDICAL MUTUAL | Industry | Ohio |
|---|---|---|---|
| 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
MEDICAL MUTUAL 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 MEDICAL MUTUAL's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MEDICAL MUTUAL does not offer counseling.
- DENTAL PLAN: Team members at MEDICAL MUTUAL have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MEDICAL MUTUAL partially pays for dentures and braces as well.
- HEALTH INSURANCE: MEDICAL MUTUAL offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MEDICAL MUTUAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: MEDICAL MUTUAL has a first-class 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: Aware of the challenges that come with pregnancy, MEDICAL MUTUAL has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MEDICAL MUTUAL 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: MEDICAL MUTUAL offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | MEDICAL MUTUAL | Industry | Ohio |
|---|---|---|---|
| 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
MEDICAL MUTUAL offers superb financial benefits for employees and their family members. A superb 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: MEDICAL MUTUAL does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MEDICAL MUTUAL has a suitable 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: MEDICAL MUTUAL offers superior bonuses to team members who excel in their field of work, provide extraordinary results for MEDICAL MUTUAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: MEDICAL MUTUAL does not offer childcare discount.
- COMMUTER BENEFIT: MEDICAL MUTUAL offers excellent commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MEDICAL MUTUAL has a great 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: MEDICAL MUTUAL has an extraordinary 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: MEDICAL MUTUAL has a top-notch 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: MEDICAL MUTUAL has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: MEDICAL MUTUAL believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why MEDICAL MUTUAL offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: MEDICAL MUTUAL has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MEDICAL MUTUAL | Industry | Ohio |
|---|---|---|---|
| 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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