What benefits does Geico offer?

Geico offers many detailed comprehensive benefits to its employees, these include:

Health:

Two self-insured medical plan options and some fully-insured HMO plan options in certain locations.

Medical plans cover virtual visits at a lower copayment than a primary care physician and/or specialist visit.

The comprehensive vision plan includes coverage for frames, lenses, contact lenses, eye exams with dilation (as necessary), retinal imaging, discounts on laser vision correction, and other procedures.

Two comprehensive dental plans with coverage for diagnostic and preventive care, oral treatments, and orthodontic care.

Healthcare Flexible Spending Account (FSA) allows an associate to set aside pre-tax money each year to pay for eligible out-of-pocket health care expenses.

Paid Sick, Disability, and Recovery Leave:

Paid sick time is accrued at ten days annually during an associate's first five years. (paid time and leave vary for management-level associates).

Voluntary Basic Long-term Disability insurance provides income replacement if you are continuously disabled for 180 calendar days.

Approved associates will receive benefits equal to 50% of their base monthly salary, more than any other received income benefits.

Birth parents receive up to 8 weeks of paid leave to recover from childbirth.

Associates with at least 6 months of tenure preceding the birth date of the child are eligible for 4 weeks of paid leave, while associates with at least 12 months of tenure preceding the birth date of the child are eligible for 8 weeks of paid leave.

Life and Accident Insurance:

Basic Term Life insurance equal to 50% of an associate's total base pay is automatically provided upon hire.

Associates may also enroll in Voluntary Group Accident Insurance (Accidental Death Dismemberment) at affordable rates for themselves and eligible family members.

Associate Assistance Program:

Provides legal assistance, debt services and financial consultation to associates and family members permanently residing in their household at no cost.

Counseling is available for stress, anxiety, and other needs.

Provides employees with up to three phone and/or in-person counseling sessions at no cost.

Paid Vacation, Holidays, and Parental Leave:

Paid vacation is accrued at 10 days annually during an associate's first five years; paid time and leave vary for management-level associates.

Associates receive four additional floating holidays (earned one per quarter).

Associates receive six additional paid holidays throughout the year.

4 weeks of paid time off for bonding with newborns or newly-adopted children.

Associates eligible for Bonding leave are full-time associates employed with the company for at least 12 months preceding the birth date or adoption date.

Adoption, Fertility Assistance, and Dependent Care FSA:

The company provides up to $5,000 in assistance per adoption.

They offer a lifetime prescription drug benefit of $10,000 and medical plan benefit of $25,000 for fertility treatment and services in our self-insured medical plans.

Fertility assistance can include assisted reproductive technology (ART) most often involving in vitro fertilization (IVF), artificial insemination, medication prescribed to treat infertility, as well as recommended surgery.

Dependent Care (Day Care) Flexible Spending Account (FSA) allows an associate to set aside pre-tax dollars to cover child and elder care expenses.

Tuition Assistance:

Eligible associates may apply for tuition assistance at more than 220 schools and education providers to help with their bachelor's degree, master's degree, associate degree, certificate program certifications/designations, and individual courses.

Direct Billing or Reimbursement payment plan options of up to $5,250 per calendar year in eligible expenses including tuition, books, registration fees, lab fees, technology fees, and graduation.

Access to academic and financial wellness coaches to find the right school, program, degree or course.

Paid Training and Licensing:

Paid training in sales, customer service, claims and auto damage is considered among the best in the insurance industry.

Licensing and continuing education courses are provided by the company at no cost to associates.

Traditional and ROTH 401(k) Plans:

Automatically enrolled in the Plan at a pre-tax contribution rate of 4% of eligible earnings.

Associates can make pre-tax and/or post-tax contributions.

Credit Union:

Provides convenient on-site banking and ATMs.

Associates can secure their money in insured accounts.

Home, car, and education loans are offered at competitive interest rates.

Profit-Sharing:

This plan rewards eligible associates based on two key factors: policy growth and underwriting performance.