Even benefits are biased - Anonymous employee Precoa Employee Review

2.0
Mar 17, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The culture is great and the incentives, trips and “fun” workplace culture is enticing at the beginning.

Cons

Their health insurance is meant to cater to large families that have no infertility issues. Zero coverage for infertility as it’s explicitly EXCLUDED. If you are lucky enough to have a kid after infertility, the cost of insurance for an employee, spouse and one child is absolutely ridiculous. It’s cheaper for us to pay $625/month for private insurance for my wife and child to be insured. The health savings plan is ridiculous as it’s nearly a full time job if you actually use the money you set aside. Hours upon hours upon hours of finding the ever changing documents such as EOBs, receipts, etc… We actually have delayed needed medical care because we don’t have the energy to fight to use OUR money anymore. For a “family centered company” they sure don’t really care about small (non Mormon) families very much. A raise was denied when I had no children but was automatically granted once we had a child (after tens of thousands of dollars spent out of pocket because of lack of insurance coverage for infertility).

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Precoa Response
3y
We’re sorry to hear about your experience, and we know how important and challenging dealing with benefits can be. We thought it might be helpful to provide a little bit of clarity here in response to your review, and also in the event that other employees have similar feedback and are looking for more understanding and information. We work closely with our benefits broker each year to evaluate and build a comprehensive insurance plan for our midsize company. While infertility testing is covered under our insurance plan, assisted reproduction services are not. We’ve found this to be true for comparable plans that are currently most affordable for midsize companies like Precoa. It’s also standard that health insurance companies do not provide plan designs or premiums based on the number of children an individual has if those children are all under the age of 21. This is because the driving force behind insurance plan costs stems primarily from the claim costs of enrolled adults and not their children. As we continue to grow, we continue to evaluate our healthcare plans so that we can provide the most comprehensive and affordable options for everyone. We also understand how convoluted and time-consuming it can be when dealing with HSA claims and reimbursement requests. Our benefits coordinator is always here to help navigate that process, and they’ll be sharing your feedback with our HSA vendors to find out how we can make this more manageable in the future. If you have further thoughts or suggestions, we would appreciate hearing them. Please reach out to feedback@precoa.com at any time. Thank you.

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