Best Norfolk Employee Benefit Packages Near Me – Premium Norfolk VA Employee Benefit Plans Provider

Friday, November 3, 2023 08:48 Posted by Admin
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Norfolk, VA is a thriving city with a robust economy, making it an attractive destination for job seekers. But did you know that the city also offers a wide array of employee benefit packages Norfolk VA, ensuring the well-being and financial security of its workforce? In this blog post, we will take a deep dive into the various benefit packages available to employees in Norfolk, VA, including comprehensive health benefits, life and disability insurance, retirement savings opportunities, paid time off, and more. Read on to discover how these employee benefits here can enhance your quality of life and help you grow both personally and professionally.

Key Takeaways

  • Norfolk, VA employers offer comprehensive health benefits including group health insurance, dental and vision insurance as well as life and AD&D coverage.
  • Employees are also provided with paid time off such as vacation days, sick leave and federal holidays to promote a healthy work-life balance.
  • Employers can demonstrate their commitment to employee growth by providing tuition reimbursement programs along with supportive Employee Assistance Programs (EAPs) and access to legal resources.

Comprehensive Health Benefits in Norfolk, VA

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Employees in Norfolk, VA enjoy a comprehensive health benefits package, ensuring their overall wellness and financial security are well taken care of. These employee benefits also include medical, dental, and vision insurance, which contribute to a healthy and productive workforce. Employers understand that safeguarding the health of their employees not only benefits the individual but also the company and the community at large.

Next, we will examine the various types of health insurance that employees in the area of Norfolk, VA can access.

Medical Insurance

Medical insurance in the city of Norfolk, VA provides employees with no cost, comprehensive coverage, facilitating access to necessary health care services. The particulars and benefits of the city cost of medical insurance encompass:

  • Managed care options
  • Medical and prescription drug coverage
  • Dental insurance
  • Vision insurance
  • Flexible spending accounts (FSA)
  • Health savings accounts (HSAs)

With an average employee contribution of 26% of their pay towards the cost of single coverage benefits, money which equates to approximately $1,746 per employee per annum, employees in the area can save a lot of money on their healthcare expenses.

Medical insurance serves as a financial safety net, promoting proactive healthcare measures and early interventions. This proactive approach to healthcare ensures that employees can maintain their well-being, stay productive at work, and avoid the financial strain of unanticipated medical expenses.

Dental Insurance

Dental insurance forms a critical part of the health benefits package in Norfolk, VA. Through the Norfolk Healthcare Consortium, employees are eligible for dental insurance coverage provided by Delta Dental of Virginia. Dental insurance plans in the area typically offer:

  • Cost-effective options
  • Coverage for dental examinations, cleanings, x-rays
  • Access to a network of dental providers
  • Versatility in plan designs
  • Virtual or mobile care choices for expediency

Access to dental insurance offers several benefits, including:

  • Encouraging regular oral health check-ups
  • Preventing severe, costly dental problems in the future
  • Contributing to the overall wellness of employees and their families.

Vision Insurance

Vision insurance is yet another significant element of the health benefits package in Norfolk, VA. This coverage offers support for eye exams, glasses, and contact lenses, ensuring that employees have access to the eye care they need to maintain their vision and overall health. The frequency of eye exams covered under vision insurance in Norfolk, VA is contingent upon the specific insurance plan, so it’s essential to verify the coverage with your particular insurance provider.

Moreover, vision insurance may cover prescription sunglasses, offering additional support and options for employees who require vision correction. With the options for both select in-network and select out-of-network options available, employees can choose providers that best suit their needs and preferences.

The combination of medical, dental, and vision insurance ensures that Norfolk employees have comprehensive coverage to maintain their health and well-being.

Life Insurance and AD&D Coverage

Life insurance and Accidental Death and Dismemberment (AD&D) coverage are vital elements of employee benefits in Norfolk, VA. These policies offer protection for employees and their families in the event of the employee’s death or dismemberment. Company-paid basic life and AD&D insurance are provided to the employees. If an employee passes away, their designated beneficiary receives the insurance benefit. In the event of dismemberment, the employee is the one who receives it. Employees also have the option to purchase additional insurance at group rates, providing added financial security for themselves and their loved ones.

By offering life insurance and AD&D coverage, employers demonstrate their commitment to the well-being of their employees and their families. These policies provide peace of mind and financial protection, ensuring that families are not left financially vulnerable in the event of an unexpected tragedy.

Disability Benefits for Norfolk Employees

Disability benefits are a crucial aspect of employee benefits in Norfolk, VA. These programs provide financial security for employees who are unable to work due to sickness or off-the-job accidents. Short-Term and Long-Term disability programs are available, ensuring that employees have access to the support they need in times of hardship. Long-term disability programs, for instance, provide partial income replacement when incapacitated, offering a replacement of 60% of creditable compensation.

The full cost and availability of disability benefits demonstrates employers’ commitment to the welfare of their employees, ensuring they are not left financially vulnerable during challenging times. With full cost of disability benefits in place, employees can focus on their recovery without the added stress of financial concerns.

Retirement Savings Opportunities

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Planning for retirement is a crucial aspect of financial security, and employees in Norfolk, VA have access to several retirement savings opportunities. These opportunities include pre-tax deferrals and employer matching contributions, both of which contribute to a secure financial future for employees and their families.

We will now explore these retirement savings options in more detail.

Pre-Tax Deferrals

Pre-tax deferrals allow employees in Norfolk, VA to save for retirement while reducing their taxable income. By contributing to retirement savings accounts such as a traditional 401(k) on a pre-tax or tax-deferred basis, employees diminish their taxable income and benefit from tax-deferred growth on their contributions and earnings. Examples of specific plans that provide pre-tax deferrals in Norfolk, VA include the City’s Voluntary Deferred Compensation 457 Plan managed by MissionSquare Retirement and the Retirement Plan offered by Colonna Shipyard.

Utilizing pre-tax deferrals offers the following benefits for employees:

  • Saving for their future
  • Yielding immediate tax savings
  • Lowering their current taxable income
  • Reducing their tax liability

Employer Matching Contributions

Employer matching contributions are another valuable retirement savings opportunity for employees in Norfolk, VA. Employers often match a percentage of the employee’s contribution to their retirement plan, typically up to a certain percentage of the employee’s salary. The average employer match in the area is around 4.5% of an employee’s salary, providing a significant boost to an employee’s retirement savings.

Companies investing money in employer matching contributions are essentially investing in their employees’ futures, motivating them to work and to find more to save for retirement. Employees can maximize their retirement savings by contributing enough money to their retirement plan to receive the full benefits and full employer match, ensuring a more secure financial future.

Enjoying Paid Time Off

In addition to comprehensive health benefits and financial security programs, employees in Norfolk, VA also enjoy paid time off. This includes vacation days, sick leave, and federal holidays, allowing employees to rest, recharge, and maintain a healthy work-life balance.

We will now delve into the various types of paid time off, ensuring employees receive the pay they deserve, in a lot greater detail.

Vacation Days

Vacation days are an essential part of employee benefits, allowing employees in Norfolk, VA to take a break and restore their energy. The average number of vacation days offered to employees in the area varies depending on the employer. For example, the City of Norfolk offers 58 days (464 hours) of vacation for general employees and 58 days (603.2 hours) for sworn fire-rescue employees. Department heads receive 75 days (600 hours) of vacation.

The provision of vacation days underscores employers’ commitment to their employees’ well-being. By providing ample time off, employees can maintain a healthy work-life balance, reduce stress, and return to work refreshed and more productive.

Sick Leave

Sick leave is another important aspect of paid time off, ensuring that employees in Norfolk, VA can recover from illness without facing financial strain. The customary policy regarding pay for sick leave in the area may differ among employers, but it generally involves:

  • Accruing sick leave based on the number of hours worked or on an hourly basis, usually equal to one day per month.
  • General employees receive 58 days (464 hours) of sick leave.
  • Department heads receive 75 days (600 hours).

The provision of sick leave reflects employers’ recognition of the importance of maintaining employee health and well-being. Employees can focus on recovery and wellness without worrying about lost income, ensuring they return to work in optimal health and ready to contribute to the workplace.

Federal Holidays

Federal holidays provide additional paid time off for employees in the city of Norfolk, VA, allowing them to enjoy time with their families and friends or simply relax at work. In the city of Norfolk, VA, area, the following holidays are recognized as paid time off:

  • Veterans Day (November 11)
  • Thanksgiving Day (4th Thursday in November)
  • Day after Thanksgiving (4th Friday in November)
  • Christmas Eve

Considering federal holidays as paid time off signifies an employer’s dedication to maintaining employee well-being, wellness and work-life balance. These additional days off allow employees to recharge and maintain a healthy balance between their work and personal lives, ultimately contributing to a more productive and satisfied workforce.

Investing in Education: Tuition Reimbursement

Tuition reimbursement programs are a valuable employee benefit, offering support to those in Norfolk, VA who wish to further their education and career development. These programs often cover a portion of the tuition costs for courses or degrees directly related to an employee’s job, allowing them to enhance their professional skills and knowledge. Employers who offer tuition reimbursement programs demonstrate their dedication to employee growth and development, investing in their workforce’s future.

Employees usually need to fulfill certain eligibility criteria and adhere to a specific application procedure to benefit from these programs. By participating in tuition reimbursement programs, employees can advance their careers, improve their earning potential, raise themselves, and ultimately contribute more effectively to their organization.

Supportive Employee Assistance Programs

Another noteworthy employee benefit is the company, employee assistance program (EAP), which offers complimentary counseling services to employees and their household members in Norfolk, VA, area. EAPs typically offer to address a variety of topics, such as:

  • Child care and parenting
  • Helping aging parents
  • Financial matters
  • Legal concerns
  • Work and career
  • Emotional well-being

They may also cover mental health, wellness and substance abuse issues, ensuring employees have access to find the information and find the support they need.

EAPs are a testament to an employer’s dedication to the comprehensive well-being of their employees and their families. By offering access to these programs, employers help employees address personal and professional challenges, contributing to a happier, healthier, and more productive workforce.

Access to Legal Resources

Pre-paid legal information and services programs, a type of legal resource, offer Norfolk, VA employees access to legal advice and information about their rights and a variety of legal information and services at a discounted rate. By subscribing to these programs, employees can obtain more information and assistance with various legal matters, including:

  • representation in court
  • complex real estate matters
  • wills and trusts
  • personal legal consultation services

These programs may also extend coverage to family members or dependents of the employee.

Having access to legal resources empowers employees to address legal challenges and safeguard their rights without incurring significant financial burdens. Employers who offer access to legal resources demonstrate their commitment to employee’ rights and well-being and support their workforce in navigating the complexities of their rights and legal matters.

Summary

In conclusion, the city of Norfolk, VA offers a comprehensive array of employee benefits designed to support the health, wellness, well-being, and financial security of its workforce. From extensive health insurance coverage options to retirement savings opportunities, paid time off, and access to educational and legal resources, employees in Norfolk, VA are well-positioned to thrive both personally and professionally. Take advantage of these benefits to enhance your wellness and your quality of life, achieve your career goals, save, and build a secure future for yourself and your family.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits packages typically include health care coverage, retirement benefits, paid time off, life insurance, and additional mandated coverage like disability or workers comp. Employers may also offer further benefits such as dental insurance, vision care, personal leave, fitness benefits, and college debt relief.

What is the average benefits package?

On average, civilian and private industry workers incur and pay an approximate monthly benefit cost of $1,997.36 and pay a cost of $1,798.69, respectively, while state and local government workers have to pay a higher benefit cost at $3,322.87.

What are the benefits of working for the city of Norfolk?

Working for the City of Norfolk comes with numerous benefits, options such as medical and prescription drugs coverage, dental insurance, vision insurance, flexible spending accounts, health savings accounts, legal services, an employee assistance program, and a wellness program.

What are the 4 major types of employee benefits?

Employee benefits typically include medical, insurance, paid time off, and retirement options. Other non-traditional company benefits options may also help to enhance company culture and raise employee satisfaction.

What benefits does Norfolk Southern offer?

Norfolk Southern offers benefits such as accident coverage, hospital indemnity and access to 11,900+ fitness centers across the country.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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