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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Blue Cross and Blue Shield of Vermont employees receive some retirement and welfare benefits. Like Blue Cross and Blue Shield of Vermont, many American employers fund group health insurance for their employees, through which companies typically cover a significant proportion of their employees' health insurance premiums. In this setup, employers are given tax deductions for their contributions and workers are provided with the insurance tax-free. Blue Cross and Blue Shield of Vermont offers dental, health, and vision coverage. Blue Cross and Blue Shield of Vermont also provides group life insurance and short-term disability insurance for accidents or illness. Employer-provided pension plans help to ensure a stable cash stream later in life. Blue Cross and Blue Shield of Vermont offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit retirement plans pay retirees a predetermined sum upon retirement. With a defined contribution pension plan, businesses help employees save and invest for retirement.
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