Magellan Health Benefits

128 Ratings

Employer Summary

We offer excellent benefits to promote good health, work-life balance, career advancement and a secure future. When you’re at your best, so are we.
We believe in giving our all every day and giving back to our members and their communities.

We also believe in giving our valued staff the recognition they deserve for their hard work and dedication. That’s why we offer a competitive benefits package to all of our employees, allowing them to put the things that matter first in life – health, family and a bright future.

Here are just some of the perks you can expect with us:

Core benefits:

  • Medical Plan options through UMR with United Healthcare Network
  • Health Savings Accounts
  • MetLife Dental Plans
  • VSP Vision Coverage
  • Flexible Spending Accounts
  • Basic Life Insurance
  • Supplemental Life Insurance
  • Accidental Death & Dismemberment Insurance
  • Supplemental Accidental Death & Dismemberment Insurance
  • Short-and Long-term Disability
  • 401(k) Retirement Savings Plan
  • Employee Stock Purchase Plan
  • Voluntary Benefits through MetLife

Other benefits

  • Employee Assistance Program (EAP)
    • Life-Management resources (e.g., pregnancy, child care, elder care, home healthcare, academic, special needs)
    • Legal Services
    • Financial Services
    • Autism Assist
  • Paid Time Off
    • Eight paid holidays and two paid floating holidays
    • 18 days of paid time off for those with 1-5 years of service (increases with tenure)
  • Adoption Assistance:
    • Reimbursement up to $2,500 per child to cover some of the costs of legal adoption and temporary foster care or emergency housing
  • Educational Assistance:
    • Reimbursement for development opportunities including continuing education, licensures, certifications, memberships and tuition

Employee Benefit Reviews

Showing 1–10 of 128 comments

Most Commented

  • Health Insurance(38 comments)

    Bare minimum, basic HDHP with low premiums and practically no coverage. Unless you select high premium offerings, you will need to spend somewhere between $1500 and $3000 OOP to satisfy deductible

  • 401K Plan(31 comments)

    50% match for up to 6% contribution.

  • Vacation & Paid Time Off(21 comments)

    Pretty average, 17 days PTO (15 days and 2 floating holidays) for non-director level positions but the worst part the use it or lose it policy. Only one week of PTO rolls over as "sick" time but sick time doesn't rollover. So it's impossible to bank PTO.

Apr 29, 2021
Current IT Administrative in Saint Louis, MO, Missouri

Good bonus structure, based on company success

Apr 28, 2021
Former Employee

Overall decent benefits from the company

Feb 24, 2021
Former Employee

Great benefits & work from home culture.

Mar 31, 2021
Current Employee

Health insurance deductible is insane. Cannot afford to use it.

Feb 21, 2021
Former Enrollment Processor I in Virginia Beach, VA, Virginia

Health Insurance and benefits from day one. Lots of PTO and Holidays paid plus tuition reimbursement

Feb 11, 2021
Current Employee

Company gives generous paid time off. The medical insurance is a high deductible health plan with coinsurance. 401k is matched at 50% up to a 6% contribution by the employee.

Feb 11, 2021
Former Employee

Standard benefits, including HDHP, dental, vision, 401k, etc. Maternity leave benefits are very weak and make it difficult for new mothers to take time off.

May 13, 2021
Current Employee

Health insurance has high deductible

Sep 21, 2020
Current Employee

Best thing is health insurance

Sep 19, 2020
Current Employee

- 23 Days for Managers and above, or 18 Days for Standard Plan. - 8 holidays in 2020, but 9 holidays in 2021 with adding MLK day. - 2 Floating Holidays as well - 1 Volunteer Day.

Viewing 1 - 10 of 128 Reviews

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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