Bayhealth Medical Center Inc. Benefits

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Most Popular Benefits

Benefit/Perk
Employees
0
33
401(k)
33 employees
Paid Holidays / Vacation
21 employees
Life Insurance/Disability
20 employees
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United States (change)
Paid Sick Leave
20 employees
Education/Training/Tuition/Certification Reimbursement
17 employees
403(b)
9 employees
401(a)
5 employees

Benefits Summary

Retirement & Financial Benefits
Profit Sharing
401(k) Plan
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Health Insurance
Dental Insurance
Vision Insurance
Temporary Disability Insurance
Life Insurance
Long-term Disability Insurance
At Bayhealth Medical Center Inc., they provide many retirement and welfare benefits for their employees. Numerous members of the American workforce, like Bayhealth Medical Center Inc. workers, rely on employer-funded health plans, through which a significant percentage of each employee's health insurance premium is funded by their employer. In this setup, employers collect tax deductions for their contributions and employees are given the insurance tax-free. Bayhealth Medical Center Inc. offers health, dental, and vision insurance. Bayhealth Medical Center Inc. also offers short-term disability insurance for accidents or illness, group life insurance, and long-term disability insurance. To help guarantee a stable money source later in life, a large number of employees avail themselves of employer-financed pension plans. Bayhealth Medical Center Inc. provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, retirees receive fixed payments when they retire. With a defined contribution retirement plan, companies help employees save and invest for retirement.

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