Parsons provides U.S. Territories employees these valuable benefits. Learn more about these benefits in the 2023 Benefits Guide for U.S. Territories on Workday.
Cigna | CignaEnvoy.com | 800-441-2668
Parsons is committed to helping you and your dependents maintain health and wellness by providing you access to the highest levels of care.
We offer the PPO Global Medical Plan from Cigna for 2023. Under the plan:
- You are covered for care received outside the U.S. and inside the U.S.
- Eligible expenses are covered at the same benefit level if rendered internationally or by using in-network providers in the U.S.
- You are covered for emergency medical evacuation
- You have vision coverage for exams, frames and lenses
Cigna | CignaEnvoy.com | 800-441-2668
You can receive care from any provider under the Dental Plan.
Dental exams can tell your doctor a lot about your overall health. It’s important to schedule regular exams to help detect significant medical conditions before they become serious.
VSP | vsp.com | 800-877-7195
Employees who enroll in the Cigna Global health plan are automatically enrolled in Cigna Vision coverage and are NOT eligible for VSP.
VSP’s vision care benefits include coverage for eye exams, standard lenses and frames, contact lenses, and discounts for laser surgery. The vision plan is built around a network of eye care providers, with better benefits at a lower cost to you when you use providers who belong to the VSP network. When you use an out-of-network provider, you will have to pay more for vision services. You have no contributions for vision coverage.
Eye exams can tell your doctor a lot about your overall health. It’s important to schedule regular exams to help detect significant medical conditions before they become serious.
We partner with HealthEquity to administer our Flexible Spending Accounts (FSAs). An FSA is a great way to plan ahead and save money over the course of a year to pay for eligible health care and dependent care expenses. Learn more about the types of FSAs available here.
Parsons provides Basic Life and Basic Accidental Death and Dismemberment (AD&D) insurance each equal to 3 x salary ($400,000 maximum) at no cost. You can also purchase Supplemental Life and Group Variable Universal Life (GVUL) insurance through MetLife at discounted group rates. Life insurance protects your family or other beneficiaries in the event of your death, while you are still actively employed with the company.
Voluntary Personal AD&D Insurance through New York Life can help you pay expenses if you or your spouse is seriously injured or killed in a covered accident. This insurance can help ensure that tragedy doesn’t take both an emotional and a financial toll on your family.
Short-Term Disability (STD) is a company-paid benefit, which is designed to replace a portion of your income for non-work-related illness, injury or childbirth. STD benefits are paid at 60% of your eligible weekly base pay for the first 180 days of injury, illness or childbirth.
Long-Term Disability (LTD) is a voluntary benefit you can elect. This plan provides financial assistance in case you become sick or injured and unable to work. LTD benefits are paid at 60% of your salary, begin after 180 days of disability and can continue until Social Security Normal Retirement Age.
The Parsons Retirement Savings Plan (RSP) is a 401(k) plan, which offers you the opportunity to enhance your financial security for retirement. The Plan provides a variety of investment vehicles to meet your individual investment diversification objectives and enables you to take an active role in deciding how your money is invested.
Eligible Parsons employees are automatically enrolled in the RSP. Within 45 days of your hire date, if you have not elected a contribution rate, you will be automatically enrolled in the plan at a contribution rate of four percent of your pre-tax pay each pay period.
The Parsons Employee Stock Ownership Plan (ESOP) is a retirement and defined contribution stock bonus plan where eligible employees have the unique opportunity to participate in the ownership of Parsons common stock. Individual ESOP accounts are maintained for each participant to reflect their share of the ESOP’s ownership of the common stock of Parsons. You are 100% vested after three years of service in which you work at least 1,000 hours in a calendar year.
Sharecare, our wellness partner, provides a digital health solution to help employees manage their health all on one platform. Sharecare provides personalized information, daily tracking and an innovative program to help you live a healthier life, no matter where you are in your health journey. Financial incentives are available by participating in the wellness program.
The Live and Work Well Employee Assistance Program (EAP) through Optum is a company-paid benefit, which provides you and your household members free, confidential assistance to help with personal or professional matters that may arise relating to work or family responsibilities and obligations. Services are available 24 hours a day, 7 days a week.
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