Drexel University Benefits

Drexel University workers are given several types of retirement plans and amenities. Like Drexel University employees, a large number of Americans take advantage of employer-funded health benefits, through which a significant proportion of each worker's health insurance premium is funded by their employer. In this arrangement, employers collect tax deductions for their contributions and workers are provided with the plans tax-free. Drexel University provides health, dental, and vision benefits. Drexel University also offers 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-provided pension plans help to secure a reliable income source later in life. Drexel University offers defined contribution pension plans. With a defined contribution retirement plan, businesses help employees save and invest for retirement.