Starbucks is famous for more than the amazing coffees, teas, frothy drinks, and confections that they serve; the company is also highly regarded for the incredible benefits that they offer for their employees.
Unless you’re a manager, working at a coffee shop isn’t a job that many people would consider comes with insurance; however, that’s not the case with Starbucks. This Seattle-based company, which has stores in virtually every corner of the country, is committed to offering their employees the best care possible; including their part-time workers. One of the ways in which they care for those who work for them is by offering them health insurance.
Health Insurance for Starbucks Employees
It might sound too good to be true, but it isn’t; in fact, it’s the honest truth! Starbucks offers their employees – even their part-time baristas – health insurance coverage. They’re one of the very few companies in the United States that does so. They offer health insurance benefits for all employees, and those benefits include health and dental, and there are even options available for vision coverage.
Eligibility for Starbucks Health Insurance
As with any job that offers employer-sponsored health insurance benefits, there are specific requirements that Starbucks employees must meet in order to become eligible for coverage. Once an employee has been working for the company for a period of two consecutive months and they have been paid for 160 hours worth of work, employees – even those who work part-time – are eligible for health insurance through the company. Once you become eligible for coverage, you do have to adhere to certain requirements in order to retain your coverage; between the first day and the last day of every quarter on their calendar, you will need to work a minimum of 240 hours, or around 20 hours a week.
For full-time employees, such as managers and supervisors, as well as those who work in the company’s corporate facilities, the requirements for health insurance are different. Full-time Starbucks employees are eligible for health insurance benefits once they have worked 60 days.
Types of Health Insurance Plans Available
Starbucks offers five different health insurance plans for their employees. The amount that coverage will cost to you depends on the plan that you enroll with. For example, the lowest level plan also costs the least, while the highest level plan costs the most. It may seem tempting to opt for the lowest level plan, but in reality, you may actually save more money in the end if you purchase the highest and more expensive plan. The reason? – You’ll have more coverage, which means that there will be less out-of-pocket expenses for your healthcare.
On average, the cost of a high level health insurance plan through Starbucks costs approximately $300 a month for a family of three people. While a lower level policy may cost less monthly, you will have to pay more in out-of-pocket expenses for the healthcare services that you receive; for example, the copays may be higher, and certain services may not be covered.
Starbucks Health Plans Explained
The healthcare plans that Starbucks offer are as follows:
- Bronze. Their Bronze healthcare package is considered their lowest level plan. The deductible for this plan is $3,000 for a single person and $6,000 for a family, meaning that the costs that the insured are responsible for can reach upwards of $6,000 for a single person or $12,000 for a family.
- Bronze Plus. While this plan does not cover the cost of doctors visits at first, the deductible is lower. For a single person the deductible is $2,250 and for a family, it’s $4,500. Out-of-pocket expenses for a single person are around $3,500 and for a family, they’re about $7,000.
- Silver. With this plan, you will have a co-pay of $30 for visits to a primary care physician, and $50 for visits to a specialist. The deductible is lower; for a single person, it’s $750 and for a family, it’s $1,500.
- Gold. Offering an even lower deductible, the Gold plan is $600 for a single person and $1,200 for a family. The copays are also lower; $20 for a primary care visit and $35 for a specialist.
- Platinum. This is the best coverage option offered by Starbucks, by far. There is no deductible and co-pays are the same amount as those that are associated with the Gold plan. For families, the maximum cost that they will have to pay out of their own pockets is $3,000 and for an individual, the highest out-of-pocket expense is $1,500.
If you are looking for a new job and would like to find something that offers employer-sponsored health insurance benefits, you might want to consider looking into working for Starbucks. This company offers a variety of insurance options for all of their employees.