Jane Dotson
Securitas offers its employees health insurance, but some have criticised the company for keeping costs low so that employees cannot afford the medical, dental, and vision provisions. The insurance offered by Securitas varies from site to site and state to state, with some employees paying $101 a week and others paying $131 a week.
| Characteristics | Values |
|---|---|
| Affordability | Varies from site to site and state to state. Considered unaffordable by some employees. |
| Options | Two options for health insurance: $101 a week and $131 a week. |
| Co-pays | None. 100% out of pocket until the deductible is met. |
| Deductible | $3,000 and $1,000. |
| Coinsurance after deductible met | 70% and 50%. |
| Cost | $4,896 or $6,336 a year. |
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What You'll Learn
- Securitas offers medical, dental, vision, and life insurance
- Employees have reported that the insurance is expensive and unaffordable
- There are two insurance options, one costing $101 a week and the other $131 a week
- The insurance has high deductibles and offers 70% and 50% coinsurance after the deductible is met
- Employees can also purchase insurance through the Health Insurance Marketplace
Securitas offers medical, dental, vision, and life insurance
Securitas' insurance plans are said to be expensive, with annual costs ranging from $4,896 to $6,336 for health insurance alone. Additionally, it has been observed that Securitas may strategically offer low wages to discourage employees from opting for their insurance plans, as the costs could be unaffordable for many.
Despite these concerns, Securitas does provide insurance options, and employees can choose to enrol in the plans that best suit their needs. It is always a good idea to review the specific details of the insurance plans, understand the deductibles, co-pays, and coverage limits, and make informed decisions based on individual circumstances.
It is worth noting that Securitas offers a range of other benefits to its employees, including a good retirement program, demonstrating their commitment to providing a comprehensive benefits package to their workforce. Employees can explore the available options and make choices that align with their personal and financial situations.
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Employees have reported that the insurance is expensive and unaffordable
Employees at Securitas have reported that the insurance offered by the company is expensive and unaffordable. One employee, who works 40 hours per week and earns $15 an hour, was offered two health insurance options: one at $101 per week and the other at $131 per week. Neither option included co-pays, so the employee would have to pay 100% out of pocket until they met the plan's deductible of $3,000 or $1,000. Even after meeting the deductible, the insurance would only cover 70% or 50% of expenses, making it a poor value for the price. This has led to some employees opting for private insurance plans, which can offer better coverage at a lower price.
Another employee reported that medical, dental, vision, and life insurance through Securitas cost them around $2,200 to $2,600 per year, which equates to $46 per week. This is significantly higher than the $50 per month ($11.54 per week) they pay for their $0 deductible plan through Blue Cross Blue Shield, which includes lower copays and a free wellness clinic for themselves and their family members.
The high cost of Securitas' insurance plans has led some employees to believe that the company purposefully offers low wages to discourage employees from enrolling in their insurance plans, allowing them to avoid paying premiums while still technically offering insurance to comply with the law. This practice has been described as "scummy," and employees have recommended looking at private insurance plans or state-based options, which can often provide better value for money.
The State Health Plan, for example, has been mentioned as offering better coverage at a lower cost than Securitas' insurance options. Employees have suggested that Securitas' insurance plans are overpriced and unaffordable, especially when compared to alternative options available in the market.
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There are two insurance options, one costing $101 a week and the other $131 a week
There are two insurance options available, each with varying deductibles, coverage, and out-of-pocket expenses. The first option costs $101 per week, while the second option costs $131 per week. These prices are for full-time employees, working 40 hours per week, and are likely calculated based on the employee's recent pay raise to $15 per hour.
The deductibles for these plans are $3,000 and $1,000, respectively. After meeting the deductible, the insurance company will cover 70% of expenses for the first option and 50% for the second. This means that even with insurance, employees are still responsible for a significant portion of their medical expenses.
The high cost of these insurance plans, coupled with the relatively low wages offered by Securitas, makes it challenging for officers to afford adequate medical coverage. This situation is not unique to Securitas, as many security companies offer low wages and expensive health insurance plans.
It is worth noting that some employees have reported paying significantly less for private insurance plans that offer more comprehensive coverage, including medical, dental, vision, and life insurance. For example, one employee reported paying around $2200 to $2600 per year for insurance for themselves and their spouse, which breaks down to approximately $46 per week. Another employee with Blue Cross Blue Shield insurance for themselves and their child pays only $50 per month with a $600 deductible.
Considering the high cost and limited coverage of the Securitas insurance options, employees may find it more advantageous to explore private insurance plans that offer better value for their money.
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The insurance has high deductibles and offers 70% and 50% coinsurance after the deductible is met
The cost of health insurance is a concern for many Securitas employees. While Securitas does offer health insurance, it is suggested that the company purposefully keeps wages low so that employees cannot afford insurance. This means that, technically, insurance is offered, but in practice, few can afford it.
The insurance offered by Securitas has been described as "quite bad, yet extremely expensive". Employees have been given two options for health insurance, one costing $101 a week, and the other $131 a week. This is in addition to wages that are already considered low. Neither option offers co-pays, meaning that everything is paid out of pocket until the plan deductible is met. The deductibles for these plans are $3,000 and $1,000, respectively. After meeting the deductible, the insurance covers 70% and 50% coinsurance.
Some employees have opted to purchase private insurance plans, which can offer better value for money. One employee reports paying $300 a month for medical, dental, vision, and life insurance for themselves and their child. Another pays $50 a month for $0 deductible insurance for themselves and their son.
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Employees can also purchase insurance through the Health Insurance Marketplace
The Health Insurance Marketplace also offers programs for seniors, disabled individuals, and those with low incomes. For example, Medicare provides health insurance for people 65 and older, some younger people with disabilities, and those with kidney failure. Medicaid, on the other hand, offers coverage for people with low incomes, children, and pregnant women, with eligibility determined by the state.
When purchasing health insurance through the marketplace, individuals typically have three main categories to choose from: traditional fee-for-service plans, health maintenance organizations (HMOs), and private plans. Traditional fee-for-service plans offer the most flexibility in choosing healthcare providers but tend to be the most expensive. HMOs provide lower copayments and better coverage for preventive care, but the choice of healthcare providers is limited. Private plans can vary widely in terms of cost and coverage, so it's important to research the market in your state to find the best option for your needs.
Some Securitas employees have reported that the company's health insurance options are expensive and offer poor coverage. They suggest that Securitas purposefully offers low wages and expensive insurance plans to discourage employees from enrolling, allowing them to avoid paying premiums while technically offering insurance. As a result, some employees have opted for private plans or alternative insurance providers, which may offer more competitive rates and better coverage.
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Frequently asked questions
Yes, Securitas does offer health insurance to its employees.
Securitas has been accused of purposefully paying low wages so that employees cannot afford health insurance. This means that Securitas does not have to pay for premiums and can technically follow the law by offering insurance.
The costs of health insurance can vary from site to site and state to state. Some employees have reported being given two options: $101 a week or $131 a week.
The health insurance offered by Securitas covers medical, dental, and vision.
Securitas offers a good retirement program and vacation days.
