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Retirement & Financial Benefits
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Thoratec Corporation offers several types of pension and welfare benefits for their workers. Like Thoratec Corporation employees, countless Americans enroll in group health coverage sponsored by their employer, through which a large percentage of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for companies and tax-free for workers. Thoratec Corporation offers health, dental, and vision coverage. Thoratec Corporation also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a stable cash stream later in life, a large number of workers avail themselves of employer-provided pension plans. Thoratec Corporation offers defined contribution pension plans. With a defined contribution pension plan, companies help employees save and invest for retirement.
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