Blood Systems, Inc. Benefits

Blood Systems, Inc. employees are given a few pension and welfare benefits. Countless American businesses, like Blood Systems, Inc., fund group health coverage, through which a considerable percentage of each worker's health insurance premium is funded by their employer. In this arrangement, employers are given tax deductions for their contributions and employees receive the insurance tax-free. Blood Systems, Inc. offers health and dental plans. Blood Systems, Inc. also offers group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-financed retirement plans help to ensure a steady stream of cash later in life. Blood Systems, Inc. offers defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit pension plans pay workers a predetermined amount upon retirement. With a defined contribution retirement plan, businesses help employees save and invest for retirement.