Tufts Medical Center Benefits

At Tufts Medical Center, workers collect several retirement and welfare benefits. Like Tufts Medical Center workers, a large number of employees in the United States avail themselves of health benefits provided by their employer, through which employers typically pay a considerable portion of their workers' health insurance premiums. In this system, businesses are given tax deductions for their contributions and workers collect the insurance tax-free. Tufts Medical Center provides health, dental, and vision plans. Tufts Medical Center 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-sponsored retirement plans help to secure a dependable cash stream later in life. Tufts Medical Center provides defined benefit pension plans and defined contribution pension plans. Employees at employers with defined benefit pension plans receive a predetermined sum when they retire. With a defined contribution retirement plan, companies help workers save and invest for retirement.