As mentioned in the company’s mission, Starbucks aims ‘to inspire and nurture the human spirit.’ So, does the company lookout for its employees? What insurance does Starbucks offer?
Starbucks offers its employees multiple coverage levels of medical, vision and dental insurance, life insurance, and disability and accident covers. Additionally, the workers also receive Health Care and Dependent Care reimbursement accounts. Both part-time employees and full-time employees are eligible for insurance coverage under a few conditions. I just got hired at Starbucks as a barista and I was curious about what Starbucks benefits I’m qualified for. In this article, we’ll explore the insurance offered by Starbucks to its employees.
What insurance do you get from Starbucks?
Starbucks offers medical insurance, life insurance and disability and accident insurance. The medical insurance plan covers the expenses for hospitalization, prescription drugs, x-rays, office visits, emergency care, lab tests and mental health and chemical dependency treatment. If an eligible Starbucks employee needs dental services either basic, major or preventive treatment, the medical insurance will cover them. Vision treatments like eye exams, frames, contacts and lenses are also covered in this healthcare coverage. Aside from the eligible worker, Starbucks provides extended health and dental insurance plans to the employee’s immediate family. Additionally, Starbucks employees can enjoy the benefits of reimbursement accounts like the Dependent Care Reimbursement Account (DCRA) and Health Care Reimbursement Account (HCRA) which assist them to cover their dependent care and healthcare costs. The medical coverage at Starbucks also provides comprehensive transgender medical benefits. Starbucks collaborated with the World Professional Association for Transgender Health (WPATH) to design a medical policy that includes medical services that are commonly considered cosmetic. All qualified Starbucks workers can access this medical insurance cover.
Under the life insurance, all eligible Starbucks employees receive basic life insurance coverage that provides financial benefits to named beneficiaries if the worker passes away. The retail hourly workers are axiomatically covered for $10,000 while the retail management, shift managers and non-retail employees are covered at one times the yearly base pay. Eligible employees also have the option of additional Supplemental Life Insurance for themselves, their spouse or domestic partner and /or their children, but it’ll cost more. There’s no need to enroll for the basic life insurance or Accidental Death & Dismemberment as the coverage is automatic once you’re eligible.
Under the disability insurance, the plan provides partial replacement of lost income when an employee is incapable of working due to an injury or illness. There are short and long term disability covers. Short Term Disability (STD) cover offers continued fractional income when you are unable to work due to non-work-related, medical disability. The insurance details differ among the retail hourly employees, non-retailed employees and salaried employees. In the US, STD replaces 66% of the employee’s weekly income for up to 26 weeks. Starbucks workers in Hawaii are provided with the same benefits but there it is referred to as Temporary Disability Insurance (TDI). All eligible workers are covered and the cost is fully paid by Starbucks. Long Term Disability (LTD) is offered to only salaried workers and provides you with continued fractional replacement income for conditions past STD that are eligible. LTD replaces 60% of your monthly income when STD or TDI covers the end. Starbucks fully pays for this coverage for eligible salaried retail management employees and non-retail workers.
Is Starbucks insurance free?
An eligible employee has to pay premiums for some of the insurance plans offered by Starbucks while some plans will be free to salaried Starbucks employees. The full healthcare covers lie between $30 and $70 monthly in premiums. Typically, Starbucks covers around 70% of the premium costs. The company offers packages customized to meet every worker’s needs. For the disability and accident insurance, in the Short Term Disability plan all eligible employees are covered for free while in the Long Term Disability plan, only the salaried workers are covered for free when their STD plan ends. Typical health insurance will range from $3300 individual and $ 6600 family to $6400 individual and $12,800 family per year in premiums.
Does Starbucks offer pet insurance?
Starbucks does not offer pet insurance. Although it has partnered with select companies offering this service therefore its employees can enjoy discounts.
How long do I have to work at Starbucks to get insurance benefits?
To receive the insurance benefits, you’ll have to work for at least 240 hours over a 3-consecutive month period if you’re a part-time employee. Full-time employees become eligible for the insurance benefits on the first day of the month after 60 days of employment. For the employee’s eligibility to continue being valid they must have received payment for a minimum of 240 hours in each quarter. The employee is also needed to work for an average of 20 hours per week. Starbucks monitors the paid hours from the first day of the month following the worker’s hire date.