Adena Health System Benefits

At Adena Health System, they provide some pension and welfare benefits for their workers. Many businesses in the United States, like Adena Health System, finance group health insurance for their employees, through which a significant portion of each worker's health insurance premium is funded by their employer. In this arrangement, companies are given tax deductions for their contributions and workers collect the coverage tax-free. Adena Health System provides health, dental, and vision plans. Adena Health System also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-funded pension plans help to guarantee a steady flow of cash later in life. Adena Health System offers defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a fixed amount when they reach retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.