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Benefit Programs

Customizable Options to Meet Your Needs

Success should be a shared experience. We share in the success of your diversity, perspectives and background. You share in our commitment to provide you and your family peace of mind through comprehensive benefit offerings package to provide peace of mind for you and your family.

 

 

 

Medical, Dental and Vision

Promoting Wellness for You and Your Family

BCBSA's offerings include comprehensive medical, dental and vision plans.  Eligibility for coverage is effective on the first of the month following date of hire.  Coverage options include employee only, employee plus one dependent or family.  Opt out of coverage is available.

Medical

  • Health Maintenance Organization (HMO)
  • Traditional Provider Plan Option (PPO)
  • High deductible PPO with a health savings account

Dental

  • Dental HMO program (Chicago employees only)
  • PPO with services from the provider of your choice

Vision

  • Core coverage is available at no cost to the employee
  • A buy-up option is also available
  • You will have access to a national network of doctors, and preferred pricing on exams, contact lenses and frames

Domestic Partner Coverage

  • Coverage for same sex or opposite sex domestic partners is available for the medical, dental and vision plans
  • Also, a same sex spouse legally married to an eligible employee is eligible for coverage*


*Must be legally married to an eligible employee (under state or local law) in the following jurisdictions: Connecticut, Iowa, Massachusetts, New Hampshire, Vermont and District of Columbia. IRS regulations require same-sex spouse to be a dependent for over half of his or her income or coverage will be subject to imputed income.

Retirement

Planning for a Secure Financial Future

We recognize that retirement planning is an important aspect of your financial goals, regardless of your age or stage in career.  BCBSA offers a retirement plan and a variety of resources and tools to assist you in achieving your goals.

401(k)

  • Eligible to contribute effective with the first pay cycle following enrollment
  • Eligible to contribute up to the IRS maximum
  • Immediate 100 percent match of your contributions (up to the eligible compensation and contribution limits and excluding catch-up contributions) based on plan schedule
  • Additional annual “catch-up” contributions for staff age 50 or older up to IRS limits
  • Vesting 20 percent per year over five years
  • Roth 401(k) option available
  • Fidelity Brokerage Link Option: a mutual fund brokerage window with the investment choices and flexibility of a brokerage account, but with the advantage of investing through the BCBSA Tax-Favored Savings Program.  The funds available are not monitored by BCBSA.  Additionally, this option has additional investment risks, fees and procedures.

Financial Planning

  • Financial education through Merrill Lynch – one-on-one or group sessions
  • Discounted financial planning program through Merrill Lynch
  • On-site 401(k) education workshops and personal one-on-one sessions through Fidelity
  • Online tools to examine and analyze current retirement savings
  • Relationship with Financial Engines to help you better plan for your future goals

Blue Planning

  • Online tool to conduct scenarios to determine current retirement savings and explore various retirement scenarios

Pre-Retirement Workshop

  • On-site sessions and workshops to provide planning information for retirement
  • Sessions delivered in both offices to help maximize the quality of life for the retirement years

Credit Union

  • On-site location which provides member employees savings services including savings account, auto and personal loans, savings clubs, and discount movie tickets

Banking

  • Established relationships with Chase, Citibank and Associated Bank for ease of banking and account management

Wellness

When it Comes to Your Health How do You Plan on Achieving Your Wellness Goals? 

Fitness Center

  • Free access to on-site fitness center equipped with exercise equipment, shower and locker area
  • Chicago office center offers group workout programs

Annual Blood Draw/Screenings

  • On-site biometric screening available to staff
  • Discount for staff
  • On-site results discussion with health professional

Annual Health Fair

  • Free health fair for all employees
  • Access to health vendors and professionals for information about ways to lead a healthy lifestyle

Annual Flu and Pneumonia Shots

  • On-site offering of flu and pneumonia shots
  • Discount for staff

Health Dialog

  • Free access to confidential health information
  • Provides additional information and sources about health conditions or concerns
  • Available at no cost to staff and their dependents

Professional Development

Investing in Personal and Professional Growth Throughout Your Career

Tuition Reimbursement

  • Designed to encourage employees to pursue educational opportunities that will enhance their careers, enhance personal growth, and facilitate increased work competence
  • Reimbursement is provided for eighty percent (80%) of the tuition, lab and registration fees associated with an approved course, not to exceed the established monetary cap
  • Reimbursement is generally limited to approved courses taken at an accredited university, college or technical school, including computerbased or distance learning courses
  • Active employees with a minimum of six months service (BCBSA Blue System), with a satisfactory performance rating meet eligibility requirements

Passport Training Program

  • Training curriculum developed for management
  • Most classes are on-site
  • Boot Camp option is available to satisfy curriculum requirements and timeframes

Passage Training Program

  • Training curriculum developed for staff/individual contributors
  • Most classes are on-site

Mentoring Program

  • In-house program where staff are assigned to a mentor to assist with professional development

Lake Forest MBA Program:

  • On-site program (Chicago office)
  • Reimbursement governed within current tuition reimbursement policy

Academy for Healthcare Management Educational Programs

On-site Learning Library

  • Resource library to assist in growth and development

Literary Circle

  • Voluntary book club for employees

Recognition

Sharing in Success

We recognize accomplishments through:

The Richard L. Woolworth Customer Service Award Program

  • The purpose of this award is to promote excellence in customer service and annually recognize individuals who have made a significant contribution to BCBSA's success through consistently superior service to external customers and fellow BCBSA employees.

Service Awards

  • We celebrate your commitment to the company by offering service awards at five-year milestones.

Pre-Tax Programs

Flexible Spending Accounts

  • Option to set aside pre-tax dollars to pay for eligible medical and dependent care expenses (up to IRS limits)
  • Medical Flexible Spending Account (up to $4,000 annually)
  • Dependent care Flexible Spending Account (up to $5,000 annually)
  • Limited use Flexible Spending Account (available for staff with high deductible health plan)

Transit and Parking Reimbursement Programs

  • Convenient and secure Web-based interface to purchase various mass transit passes/cards on a pre-tax basis
  • Fund transit/parking accounts through payroll deduction

Disability and Life Insurance

Disability Benefits

  • Coverage enables continuation of a portion of your earnings if approved
  • Short-term disability – requires a five-day waiting period and may extend up to 150 days depending on the situation
  • Long-term disability – provides 50 percent of salary at no cost if approved (requires 1 year service eligibility)
  • May purchase additional long-term disability coverage amounts

Basic Life Insurance

  • Important source of financial protection
  • Basic term life at no cost ($50,000 core coverage)
  • Buy-up options available
  • Matching amount of Accidental Death and Dismemberment

Group Universal Life Insurance

  • Option to purchase supplemental insurance for self and/or dependent
  • May need to satisfy evidence of insurability

Business Travel Insurance

  • Company paid program
  • Provides two times salary life insurance amount to employees should they pass away while traveling on BCBSA business

Work Life Balance

Finding a Good Balance Between Your Professional and Personal Life 

Paid Time Off (PTO)

  • Program combines vacation and sick time into one pool
  • Annual pool accrued per pay period throughout the year
  • Pools range from 20-35 days depending upon service and grade level
  • Five-day carryover at year-end

Paid Holidays

  • A detailed schedule of paid holidays is announced each year.
  • Paid holidays range from 8-10 each year (New Year’s Day, Dr. Martin Luther King Jr. Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Holiday, and Christmas Holiday)

Half Days

  • Three half days if hired prior to late June deadline
  • Part-timers receive two half days
  • Days must be taken within the calendar year received

Military Leave

  • Wage continuation for up to the first six weeks of active leave
  • Maintain medical, dental, vision and life insurance benefits for up to 16 weeks

Maternity/paternity benefit

  • Benefit available to new parents who have completed one year of service
  • Five days of paid leave granted after birth, or adoption of child, or foster care placement

Telecommuting and Alternative Work Arrangements

  • Formal and informal arrangements available for consideration

Employee Assistance Program

  • Confidential counseling, assessments and referrals for assistance in dealing with family, personal or workplace issues
  • National Employer Assistance services available to employees and eligible dependents 24 hours a day, seven days a week

Fetch Pet Care

  • Discount program to assist with pet care during the day or on business travel/vacation
  • Dog walking services and locations of boarding services available

Mother’s Room

  • Private areas in both offices

Comfort and Prayer Rooms

  • Private areas in both offices

KidsDadsMoms.com

  • Educational resource to aid in children’s unique learning preferences
  • Creation of custom learning profiles based on leading research

Mature Workers

Benefits for Age 55+:

  • Tuition reimbursement for special interest classes
  • Free flu shots
  • Half price financial planning (age 55+ and 10 years of BCBSA service required)
  • Fit Over Fifty: A series of quarterly programs to maintain and improve your health status
  • Pre-retirement planning seminars
  • Lessons of Experience communications
  • Age Indexed Paid Time Off for staff age 62+
  • Blue Bring Back Program: A partnership with Kelly Services to allow Blue Cross and Blue Shield companies to tap into a pool of Blue retirees who are interested in filling temporary staffing needs. Assignments could range from administrative, managerial, clinical or technical projects to, one-time special projects requiring Blue knowledge and experience