You're worth more than a paycheck
HCA Healthcare rolls out new colleague benefits
Throughout MountainStar Healthcare and the HCA Mountain Division, we believe that our commitment to the improvement of human life includes taking great care of each other. Therefore, we make a collaborative effort to maintain a culture of inclusion, respect and compassion at our healthcare facilities, where we work hard to better engage and retain our valued colleagues.
Our parent company, HCA Healthcare, joins us in this commitment as demonstrated by its new benefits package. It represents a significant investment in highly valued HCA colleagues nationwide, including those in the Mountain Division. Our mutual goal is to help colleagues and their loved ones to enjoy a healthy, balanced lifestyle while providing benefits and perks that make living easier, now and in the future.
As technology advances and regulations shift, the healthcare industry is rapidly changing. The one altruistic constant for HCA Healthcare’s more than 270,000 colleagues is the desire to improve our patients’ lives through compassionate, innovative care. Inspired by this patient-centered culture, HCA Healthcare has committed up to $300 million to our incredible team members.
The perks of the job
From our hospitals to our research centers, HCA Healthcare is a place of hope and inspiration. The hallways of our 185 hospitals and 1,800 care sites are filled with team members who want to work together to deliver life-changing patient experiences. And, if that doesn’t inspire you enough about working for this mission-driven organization, HCA Healthcare has introduced benefits specifically designed to support our colleagues’ families and careers, including:
- Retirement 401K (100% match for your contributions up to 9% of pay based on your years of vested service)
- Tuition Reimbursement ($5,250 in tax-free reimbursement each year)
- Expanded Family Leave Benefits
- Student Loan Assistance Program + Financial Wellness Coaching
- Dependent Scholarship Program + Education and College Advising
- Employee Stock Purchase Plan (ESPP)
- Clinical Certification Support Program
- Other Patient Care Certification Support Program
Retirement — HCA 401(K)
This plan combines contributions from your facility with your own contributions to help you save for the future. You may save as much as 50 percent of your gross pay through payroll deduction, up to the IRS maximum. Employees age 50 or older may take additional "catch-up" contributions up to the IRS limit.
The plan will provide a 100 percent match for your contributions (from three to nine percent of pay) based on your years of vested service. That means for every dollar you save (up to the matching limit), your facility contributes a dollar, giving you a better chance to meet your retirement goals.
You will be automatically enrolled in the 401(k) plan on the first day following two months of service. Your contribution rate will begin at three percent of pay and increase by one percent in January of each year until it reaches 15 percent, or you actively choose another rate, or opt out of the plan.
One of HCA Healthcare’s most valuable resources is our human resources. We believe in lifelong learning, keeping skills fresh and priming talent to fill future leadership roles within the organization.
That’s why HCA Healthcare is proud to offer tuition reimbursement benefits. Colleagues can receive up to $5,250 in tax-free reimbursement each year for eligible higher education expenses (tuition, books and course-related fees), plus, education discounts from over 220 accredited schools.
Since August of 2018, numerous colleagues have taken advantage of this benefit:
- Nearly 13,000 approved applicants
- Approximately $15 million in reimbursements provided ($10 million for nursing programs)
- Student loan assistance
- Student loan debt continues to impact millions nationwide, with approximately 43 million borrowers. Since 2006, college debt in the U.S. has roughly tripled and exceeds $1.5 trillion, surpassing both auto-loan and credit-card debt.
- HCA Healthcare wants to help.
- Designed to help colleagues achieve a financially sound future, part-time and full-time colleagues are now eligible for HCA Healthcare’s Student Loan Assistance Program.
- The program provides a monthly benefit of $150 for eligible full-time colleagues and $75 for part-time colleagues.
- Eligible U.S.-based education loans may include federal Perkins loans, private student loans, grad PLUS loans, subsidized and unsubsidized Stafford loans, health professionals’ loans, student refinance loans and consolidated student loans.
- Financial wellness coaching is also available through the HCA Healthcare Student Loan Assistance Program. Colleagues are able to receive free and unlimited one-on-one sessions with a financial wellness coach to develop action plans relating to student loan debt, evaluate repayment and refinancing options, avoid or rehabilitate a default and make the most of the HCA Healthcare benefits.
Paid family leave
Introducing a tiny human to your household or caring for a sick loved one can be a scary and life-changing experience. One thing that it shouldn’t be is a financially stressful time. Paid family leave aims to create a healthier work-life balance for our colleagues by supporting parents and caregivers.
Introduced on July 1, 2018, this benefit provides up to 14 calendar days a year of paid leave to bond with a new child (both mothers and fathers) or care for a family member with a serious health condition as defined by the Family & Medical Leave Act.
The paid family leave benefits expand HCA Healthcare’s current Time Away From Work (TAFW) Program which combines paid time off, leaves of absence and short- and long-term disability.
So, whether an HCA Healthcare-affiliated colleague is headed out for vacation, bouncing back from an illness, welcoming a new child or assisting a family member’s recovery, the addition of the paid family leave benefits provide the security of knowing they are covered.
Dependent higher education scholarships
- We are honored to care like family through the debut of The HCA Healthcare Scholars Program, in January of 2019. A program of The HCA Foundation, this merit-based scholarship program offers scholarships of up to $5,000 for higher education expenses to eligible dependent children of full-time and part-time affiliated colleagues.
- The HCA Foundation has engaged Scholarship America, a leading nonprofit scholarship provider whose mission is to make college education possible through scholarships and educational support, to administer the program and provide scholarship recipients with additional support services. Scholarship award amounts are based on financial need, ranging from $2,000 to $5,000.
- In addition to the awards, recipients will benefit from participation in an evidence-based social-emotional learning platform that will connect HCA Healthcare Scholars to online mentors at HCA Healthcare, and a financial literacy mobile app that provides the students with skills critical to overcoming financial barriers.
- Colleagues and their families can also utilize the Education and College Advising benefit to help plan, apply and pay for college with insider guidance from former college admissions and finance officers.
Employee Stock Purchase Plan (ESPP) is a unique benefit that offers you the opportunity to:
- Get a 10% discount on HCA Healthcare stock
- Earn dividends on your shares
- Save for your future
- Take ownership in HCA Healthcare
HCA Healthcare encourages our colleagues to unlock their potential for career growth and advancement. The Clinical Certification Support Program provides reimbursement for test fees and offers bonuses to those who achieve specific, nationally recognized clinical certifications beyond the requirements for their current position.
Later this year, the program will be expanded to include other patient care certifications.
Note: Program eligibility for all of the programs detailed above can vary by location.
HCA Healthcare continues to invest up to $300 million in workforce development over the course of three years in the areas of expanded paid family leave benefits, education and training, education assistance and scholarship programs for colleagues’ children.
“HCA Healthcare’s workforce development program is all about investing in our colleagues,” said John Steele, HCA Healthcare’s senior vice president and chief human resource officer. “Whether the need is pursuing an advanced degree or a clinical certification, or time away from work to bond with a new child or care for a family member, we’re proud to invest in areas that impact people’s personal lives.”