Principal Financial Group Employee Benefit: Health Insurance | Glassdoor

Principal Financial Group Health Insurance

46 employees reported this benefit

3.3
StarStarStarStarStar
This benefit does not have a summary yet. Work here in HR?   Add a summary

Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 15
  • Nov 03, 2018
    StarStarStarStarStar Current Process Specialist in Des Moines, Iowa

    Choose between an HSA type plan or United Health Care PPO. Cost share for employee is about standard

  • Mar 21, 2018
    StarStarStarStarStar Former Employee in Des Moines, Iowa

    Excellent benefits for the employees

  • Jul 07, 2017
    StarStarStarStarStar Current R in Emeryville, California

    Very subsidized, but you are left with out of pocket up to your deductible. Overall a good plan for the price

  • Jun 12, 2017
    StarStarStarStarStar Current Financial Services Representative in Miami, Florida

    Good coverage, however they went to a high deductible plan which can be a pain for some.

  • Mar 23, 2017
    StarStarStarStarStar Current IT Applications Analyst in Des Moines, Iowa

    Only two options and not cheap considering they're self-insured.

  • Mar 19, 2017
    StarStarStarStarStar Current Analyst in Des Moines, Iowa

    It's ok nothing special, why is it that if I'm married and my spouse works the premium is higher than if not working? While a boy friend, girlfriend or same sex arrangement if one is not working they do get subsidized Health Insurance?

  • May 09, 2016
    StarStarStarStarStar Current Claims Analyst in Des Moines, Iowa

    OK! not the best but could be worse

  • May 08, 2016
    StarStarStarStarStar Current Employee in Des Moines, Iowa

    Great insurance difficult during decision time

  • Mar 26, 2016
    StarStarStarStarStar Former Analyst in Des Moines, Iowa

    Principal is self funded, it is no better than any other firm in town. Still a fair amount of fighting with United Health on whether something was covered or not.

  • Nov 13, 2015
    StarStarStarStarStarEmployee

    To be honest the insurance at The Principal is well in a word - awful. The PPO is administered by United Health Care and they are in business to reduce costs. Perscription coverage is attrocious - an rx that cost $20 on my previous plan now cost $125. If your partner/spouse is eligable for insurance from their employer you are penalized with a MUCH higher rate. For a family plan with a covered spouse/partner it is OVER $400@ payperiod. If your spouse is NOT eligable for coverage its around $200@ pay period. Pre-approval is a long and ardous process and may take multiple attempts and additional testing to recieve. There is no "co-pay" until your deductible is met - typical is @$2000 for a family and/or $500/individual. So before you see on penny in benefit you have to submit $500 in expenses for a single individual and then they start getting the benefit. But noone else does until their $500 is met OR the $2000 for the family. Thank goodness I am nolonger covered by them - I recieve insurance from my spouse for 1/3 the cost of Principal and with MUCH better benefits. If health insurance is important to you beware.


Work at Principal Financial Group? Share Your Experiences

Principal Financial Group
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or