Companies That Pay 100% of Employee Healthcare Costs
By SalaryFor.com – real salaries for all professions
In the U.S., employer-provided health insurance is a major benefit, but most companies still require employees to contribute some portion of their premiums. A select group, however, pay 100% of the premiums for employee healthcare — a highly attractive perk that can improve recruitment and retention.
McMaster-Carr: Industrial Company With Premium-Free Healthcare
McMaster-Carr is renowned for its generous benefits. Employees report that the company covers 100% of medical, dental, and vision insurance premiums for employees and often dependents. In addition to premium-free coverage, McMaster-Carr offers profit-sharing, tuition reimbursement, and wellness programs, making it one of the most admired benefits packages outside the tech sector.
NetJets: Healthcare With No Monthly Premiums
NetJets, a fractional private aviation and charter company owned by Berkshire Hathaway, offers medical, dental, and vision insurance with zero monthly premiums for eligible employees. That means employees do not pay anything out of pocket for the insurance premiums themselves — the company covers them fully.
What NetJets’ Benefit Package Looks Like
- Medical, dental, and vision coverage with no employee premium payments.
- Healthcare advocacy and wellness support.
- Health Savings Account (HSA) contributions from the company.
- A robust 401(k) match and other ancillary benefits like paid time off, disability, and life insurance.
NetJets’ approach means employees avoid monthly paycheck deductions for core health insurance. (Copays, deductibles, or other out-of-pocket costs may still apply when care is used, as with nearly all employer plans.)
Berkshire Hathaway’s Broader Portfolio
While NetJets — a Berkshire Hathaway company — offers 100% employer-paid premiums, it’s important to note that healthcare coverage across Berkshire’s many subsidiaries is not uniform. Benefits tend to vary by operating company, and not all subsidiaries automatically provide full premium coverage; most adhere to more traditional cost-sharing arrangements.
Berkshire Hathaway’s past involvement in Haven Healthcare — a joint venture with Amazon and JPMorgan Chase aimed at improving health outcomes and lowering costs — was an ambitious experiment but ultimately shut down before broadly altering benefits structures.
Other Companies With Full Premium Coverage
Beyond McMaster-Carr and NetJets, several employers in sectors like tech and consulting have been known to cover 100% of employee health insurance premiums:
- Boston Consulting Group (BCG): Full premium coverage for U.S. employees and often dependents.
- Ultimate Software: Pays 100% of health insurance premiums for employees and dependents.
- FactSet Research Systems: Offers fully paid health coverage.
- Zocdoc: Covers all employee premiums, with employees potentially covering deductibles.
- GoDaddy: Known to pay 100% of premiums for employees (and partial coverage for dependents).
(Benefits packages vary by role, location, and plan year; always check current offerings with the employer.)
Why Some Companies Fully Cover Health Insurance
Offering 100% employer-paid healthcare is usually expensive, but it’s a competitive advantage that helps companies:
- Attract and retain top talent, especially in tight labor markets.
- Improve employee well-being, reducing stress and financial burden.
- Boost company reputation as a desirable place to work.
- Potentially lower long-term costs by promoting preventive care and wellness.
Conclusion
Companies that cover 100% of health insurance premiums like McMaster-Carr and NetJets stand out in the U.S. employment landscape. While such benefits are still uncommon, they reflect a strategic investment in employees’ well-being — one that can pay off through increased loyalty, satisfaction, and performance.
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In: Job Search Advice, On The Job Advice · Tagged with: companies with most generous healthcare coverage, company provided healthcare, healthcare premiums
