HMC Benefits
HMC is a wholly owned subsidiary of WellPoint, Inc. The WellPoint family of companies provides health care benefits to approximately 34 million people and is the largest publicly traded commercial health benefits company in the United States.
WellPoint's Total Rewards Package
Our associates want more than a paycheck. They want a chance to excel, move ahead and do better for themselves and their families. But most of all, they want benefits that support their quality of life, their goals and their future.
As an employer, we want to maximize our associates' satisfaction and performance.
At WellPoint, we've succeeded in creating a benefits program that not only meets the needs of associates, but also drives company results - and all at the right cost.
Total Rewards is a comprehensive program of benefits that provides the ultimate combination of flexibility, choice and affordability. Specific aspects of the package include:
Career Development
Financial Future
Recognition
Career Development
At WellPoint, we believe people should never stop learning and growing, and that they should be applauded for the successes they achieve. That's why we support our associates with a dynamic variety of Career Development benefits, including:
Tuition Assistance - Up to $5,000 in tax-free reimbursement each year to cover the cost of tuition, required fees and textbooks at an accredited institution.
Certification Awards - To recognize certain certification achievements, we may reward your efforts with a monetary award.
Service Recognition Awards - We celebrate your commitment to the company by offering service awards at five-year milestones and upon retirement.
Learning and Development - At WellPoint, we know that development is a business imperative and understand it is key to our ongoing success. That's why we provide associates a wide variety of flexible development opportunities, such as online, on-demand resources, instructor-led workshops and on-the-job training.
The information presented here is a general summary. When a conflict arises between this general summary and plan documents, the plan document will prevail. WellPoint reserves the right to amend or terminate its benefit plans at any time.
Financial Future
At WellPoint, we believe in creating shared success with our associates. That's why we provide a variety of benefits designed to help you plan for your financial future and achieve your personal and professional goals, including:
401(k) Retirement Savings Plan - 100% company match after one year of service, on first 6% of associate contributions.
Employee Stock Purchase Plan - Quarterly WellPoint stock offerings with a discount of 15%.
Retiree Medical Spending Account (RMSA) - After age 40, the company contributes money each year to an RMSA, which will grow with interest. Upon retirement, you have access to the money in this account to help pay for your retiree health care premiums (medical, dental and vision).
Life Insurance - Associate, spouse/domestic partner, and/or child(ren) coverage.
Long-term Disability
Financial Education
The information presented here is a general summary. When a conflict arises between this general summary and plan documents, the plan document will prevail. WellPoint reserves the right to amend or terminate its benefit plans at any time.
Recognition
At WellPoint, we believe that hard work, perseverance and success should be rewarded. That's why we provide a compensation package that recognizes the skills and contributions each associate brings to our organization. Featuring competitive salaries and incentives for exceptional performance, our associate recognition benefits include:
Base Pay - Our base compensation system is market-driven and built to differentiate among individuals based on performance and competencies.
Merit Increases - Base pay merit increases are determined by your performance and pay relative to market data.
Annual Incentive Plan (AIP) - The company offers an AIP when the company does well and we meet or exceed our objectives. The target incentive opportunity is highly competitive and ranges from 5% to 35% of eligible earnings based on your job level. Actual payouts can be as much as two times the target in a given year when the company and your work group achieve superior performance levels.
The information presented here is a general summary. When a conflict arises between this general summary and plan documents, the plan document will prevail. WellPoint reserves the right to amend or terminate its benefit plans at any time.
Wellness Program
At WellPoint, we believe that healthy associates are happier, more productive and successful associates. That's why we offer a range of health care options that balance attractiveness and cost - empowering you to choose the options that are most appropriate and affordable for you.
Medical Coverage - Three plan designs: HMO/EPO, PPO and Health Reimbursement Account.
Dental Coverage - Two dental plans and a Dental HMO, where available, that offer preventive and basic services. The Enhanced Plan offers major dental procedures and orthodontia services.
Vision Coverage
Disability Benefits - Short-term disability at no cost to you if you are unable to work as a result of a covered illness or injury.
Employee Assistance and Work/Life Program - Professional assistance with personal problems and child care/elder care referral services.
Programs to Improve Your Health - Onsite health services and screenings; smoking cessation support; access to thousands of health and wellness articles; newsletters; tools; databases; health and fitness centers at many locations; and fitness club reimbursement up to $35 per month for associates without access to an on-site fitness facility.
Flexible Spending Accounts - Health Care and Dependent Care with a 10% company match on your contribution to the dependent care FSA.
The information presented here is a general summary. When a conflict arises between this general summary and plan documents, the plan document will prevail. WellPoint reserves the right to amend or terminate its benefit plans at any time.
Life/Work Balance
At WellPoint, we believe making a difference in people's lives is a practice that should extend well beyond the walls of our offices. That's why we provide a variety of benefits designed to help associates achieve optimum work/life balance, including:
- Paid Time Off (PTO) - Accrues on a per-pay period basis. You may earn 18-28 days based on your completed years of service.
Holidays - Nine company-paid holidays.
Bereavement - Up to three paid days.
Jury Duty
Military Leave - WellPoint pays the difference between your military pay and your base compensation for up to one year. You maintain medical, dental, vision and life insurance benefits for one year.
Adoption Assistance - WellPoint will reimburse up to $5,000 ($2,500 for part-time associates) per adoption for eligible expenses.
Long-term Care
Home/Auto Insurance
Pet Care Discounts
Flexible Work Schedules
On-site Cafeterias
Scholarships
New Mother Rooms
The information presented here is a general summary. When a conflict arises between this general summary and plan documents, the plan document will prevail. WellPoint reserves the right to amend or terminate its benefit plans at any time.