LA BioMed offers a comprehensive and competitive employee benefit program for employees and their dependents, including:
Medical: Regular full-time employees and their dependents are provided with a choice of HMO or PPO group medical plan options, including Kaiser.
Dental: Regular full-time employees and their dependents are provided with a choice of HMO or PPO group dental plan options, including orthodontic allowances.
Vision: Regular full-time employees and their dependents are provided with the option of a group vision insurance plan.
Disability: Regular full-time employees are provided with long-term disability insurance, which is fully paid for by LA BioMed. This insurance provides benefits if an employee becomes disabled due to illness, pregnancy, or injury for more than 120 days.
Paid Vacation: Regular full-time employees accumulate ten (10) hours of vacation per month, up to a maximum of 15 working days per year.
Sick Pay : Regular full-time employees accumulate 6.67 hours of sick pay per month, and can accumulate up to 640 hours
Sick Personal: Regular full-time employees can use up to forty (40) hours of sick time for personal absences
Paid Holidays: 12 paid holidays per calendar year
Retirement Plan: LA BioMed provides a retirement plan for eligible employees, which is fully funded by LA BioMed. LA BioMed makes an annual contribution based on each employee’s earnings in accordance with the provisions of the plan.
Supplemental Retirement: Eligible employees can participate in a 403(b) supplemental retirement plan which allows pretax contributions. LA BioMed offers a variety of investment options through Fidelity Investment, TIAA/CREF.
Life Insurance: Regular full-time employees are provided with group life insurance, which is fully paid for by LA BioMed.