Horizon BCBS of New Jersey

Benefits/Financial: Full- and part-time employees are offered a 401(k) plan with employer match and a cash balance or other hybrid plan. All new hires and all employees are automatically enrolled in the 401(k) plan, employees age 50 and over can make catch-up contributions to their plan, and may choose to invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.

Employees are offered financial education from the staff members of the financial services firm that administers their plan, and from external financial planning experts. Specifically, retirement seminars and one-on-one consultations are offered and fund allocation and financial training is provided on the website.

Short- and long-term leaves of absence without pay and paid time off are offered to allow for caregiving.

Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, weight loss programs and stress management training.  

To its full- and part-time employees, Horizon offers on-site child care for children and grandchildren of employees, referral services to assist with child care and elder care, and back-up care for childcare, grandchild care and elder care.

Seminars on college placement and financials  as well as retirement planning are offered.

Benefits/Alternative Work Arrangements: Employees working 20 or more hours per week are offered alternative work arrangement options such as flex time, compressed work schedules, job sharing, telecommuting and a formal phased retirement program. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.  

Opportunities for Retirees: Horizon has 1,114 retirees and an individual directly responsible for retiree relations. The company stays connected to its retirees by communicating on a regular basis, inviting retirees to organization events and by formally acknowledging retirees when they retire. Retirees are offered the following work opportunities: temporary work assignments, consulting or contract work, telecommuting, full-time work and part-time work.

Age of Workforce: Twenty-nine percent of Horizon employees are age 50 or above. The average tenure of such employees is 12.9 years.

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