618 employees reported this benefit
Lockheed Martin offers medical coverage to its employees.
Lockheed Martin only offers high deductible health plans which are not competitive with the industry. They provide no contribution to the HSA which also puts a lot of pressure on employees personal finances until they meet their very high deductible. This makes you feel like you have no insurance when you have to pay thousands of dollars for your doctors visits. Leadership put the profitability of the Company before the welfare of their employees. If you work here, make sure you demand a 10-15k base salary increase to cover your high out of pocket medical costs.
Limited Care providers to choose from per area of employment.
Health insurance is terrible. Everything is high deductible. You pay 100% of your own medical costs until you hit your deductible (mine is $5100), then they will pay 80% after that. On top of premiums that are around 30-40/week.
Recent benefits have increased, High deductibles, lower coverage on specific needs
Great medical and 401k plans
High cost - low coverage - get ready to pay high deductibles
it should be free for employees and there is a high deductible.
High deductible health plan. $3500 deductible.
It's good that Lockheed offered health insurance, but I rate that the employees have to pay has gone up 200% over the last 4 years.
Worst. They pay for nothing until you hit $3000 for the year. When I say nothing I mean nothing. Daughter gets the flu, they pay nothing. $0 for the doctor, $0 for the prescription. I paid $240 for Tamiflu using their prescription plan. $240 for 1 case of the flu. Plus $100 to see the Doctor. Crazy.