Ochsner Clinic Foundation Benefits

Ochsner Clinic Foundation offers many retirement and welfare benefits for their workers. Like Ochsner Clinic Foundation employees, countless American employees depend on group health coverage provided by their employer, through which a considerable portion of each employee's health insurance premium is paid for by their employer. In this system, businesses are provided with tax deductions for their contributions and employees are given the plans tax-free. Ochsner Clinic Foundation provides health and dental benefits. Ochsner Clinic Foundation 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-financed pension plans help to guarantee a reliable cash stream later in life. Ochsner Clinic Foundation offers defined benefit pension plans and defined contribution pension plans. Retirees at companies with defined benefit pension plans collect a predetermined sum when they reach retirement. With a defined contribution pension plan, businesses help employees save and invest for retirement.