Associates' quality of life — now and in the years to come — is important to GEICO.
As a full-time GEICO associate, you'll be offered a comprehensive Total Rewards Program. Benefits include a variety of options to secure your financial future and preserve your health and well-being, so you can enjoy more out of life!
Health & Well-Being
Family & Leave
Education & Training
Finance & Retirement
Health & Well-Being
Insurance Options & Healthcare FSA
GEICO offers two self-insured medical plan options and some fully-insured HMO plan options in certain locations
GEICO's medical plans cover virtual visits at a lower copayment than a primary care physician and/or specialist visit
The comprehensive vision plan includes coverage for frames, lenses, contact lenses, eye exams with dilation (as necessary), retinal imaging, discounts on laser vision correction, etc.
Two comprehensive dental plans with coverage for diagnostic and preventive care, oral treatments and orthodontic care
Healthcare Flexible Spending Account (FSA) allows an associate to set aside pre-tax money each year to pay for eligible out-of-pocket health care expenses
Paid Sick, Disability & Recovery Leave
Paid sick time is accrued at 10 days annually during an associate's first five years; paid time and leave vary for management level associates
Voluntary Basic Long-term Disability insurance provides income replacement if you are continuously disabled for 180 calendar days. Approved associates will receive benefits equal to 50% of their base monthly salary, less any other received income benefits
Birth parents receive up to 8 weeks of paid leave to recover from child birth. Associates with at least 6 months of tenure preceding the birth date of the child are eligible for 4 weeks of paid leave, while associates with at least 12 months of tenure preceding the birth date of the child are eligible for 8 weeks of paid leave
Life & Accident Insurance
Basic Term Life insurance equal to 50% of an associate's total base pay is automatically provided upon hire
Optional Term Life insurance can be purchased up to 6.5 times an associate's total base pay, capped at a maximum of combined Basic Life and Optional Term Life insurance of $1,500,000
Associates may also enroll in Voluntary Group Accident Insurance (Accidental Death & Dismemberment) at affordable rates for themselves and eligible family members
Family & Leave
Associate Assistance Program
Provides legal assistance, debt services and financial consultation to associates and family members permanently residing in their household at no cost
Counseling available for stress, anxiety and other needs
GEICO's AAP provides up to three phone and/or in-person counseling sessions at no cost
Paid Vacation, Holidays & Parental Leave
Paid vacation is accrued at 10 days annually during an associate's first five years; paid time and leave vary for management level associates
Associates receive four additional floating holidays (earned one per quarter)
Associates receive six additional paid holidays throughout the year
GEICO provides 4 weeks of paid time off for bonding with newborns or newly-adopted children. Associates eligible for Bonding leave are full-time associates employed with GEICO for at least 12 months preceding the birth date or adoption date
Adoption/Fertility Assistance & Dependant Care FSA
GEICO provides up to $5,000 in assistance per adoption
GEICO offers a lifetime prescription drug benefit of $10,000 and medical plan benefit of $25,000 for fertility treatment and services in our self-insured medical plans
Fertility assistance can include assisted reproductive technology (ART) most often involving in vitro fertilization (IVF), artificial insemination, medication prescribed to treat infertility, as well as recommended surgery
Dependent Care (Day Care) Flexible Spending Account (FSA) allows an associate to set aside pre-tax dollars to cover child and elder care expenses
Education & Training
Tuition Reimbursement
Eligible full-time associates may enroll to further their undergraduate education
Reimburses up to $5,250 per calendar year and covers application fees, tuition, course-related charges and applicable textbook costs
Paid Training & Licensing
GEICO's paid training in sales, customer service, claims and auto damage is considered among the best in the insurance industry
Licensing and continuing education courses are provided by the company at no cost to associates
Continuing Education
GEICO offers hundreds of e-learning and instructor-led courses
Classes include: business and management courses, Six Sigma training, diversity and ethics, Microsoft Office, project management, presentation skills, business writing, statistics and more
Finance & Retirement
Traditional & Roth 401(k) Plans
Automatically enrolled in the Plan at a pre-tax contribution rate of 4% of eligible earnings
Associates can make pre-tax and/or post-tax contributions
Associates can manage their accounts easily at vanguard.com or by calling Vanguard's VOICE™ Network
GEICO Credit Union, a division of BCU
Provides convenient on-site banking and ATMs
Associates can secure their money in insured accounts
Home, car and education loans are offered at competitive interest rates
Profit Sharing
This plan rewards eligible* associates based on two key factors: policy growth and underwriting performance
An associate's share of any company contribution up to 10% is deposited directly to their Vanguard account; any profit-sharing award in excess of 10% of eligible earnings is paid to the associate by direct deposit (unless an eligible associate elects to defer a portion of the profit-sharing cash payout)
Over the last ten years, GEICO's contributions to this plan have paid approximately 20% of associates' eligible earnings**
*To become eligible, associates must meet service requirements.
*Past performance is not a guarantee of future results, and profit sharing is not a guaranteed benefit
