If you are a student and looking for financial assistance for college, you may want to explore options such as scholarships, grants, loans, and work-study programs offered by educational institutions, government agencies, or private organizations. Let us know Does Humana Pay For College?
There are some instances where Humana may offer tuition reimbursement or assistance as part of their employee benefits package, but this would only apply to their employees and would likely have certain eligibility requirements and limitations.
Humana does not directly provide funding for college education but provides college scholarships to the children of their employees. According to our research, Humana provides nearly $5000 tuition assistance annually only to their employers in the US. Humana claimed that since 2001 they have provided nearly $12 million in scholarships to the children of Humana associates.
Humana is a health insurance company that offers a variety of health insurance plans, as well as wellness and care management services. Humana provides health insurance coverage for individuals, families, and employers, including Medicare Advantage plans, Medicaid plans, and individual health insurance plans.
Humana Education assistance:
Humana’s Education Assistance Program is a benefit offered to eligible employees to help them pursue higher education. The program provides financial assistance to help cover the cost of tuition, fees, and books for approved undergraduate, graduate, and post-graduate degree programs, as well as certain professional certifications.
Employees who receive education assistance from Humana are required to maintain a certain level of academic performance and must agree to work for the company for a certain period after completing their education. The program is intended to help employees develop their skills and knowledge and advance their careers, while also benefiting the company by increasing employee loyalty and retention, and by bringing new skills and expertise to the organization.
The program is available to employees who have been employed in a benefits-eligible position with Humana for at least six months and who meet certain other criteria, such as maintaining a certain GPA and providing documentation of academic progress and expenses.
Amount of Education Assistance:
The amount of financial assistance provided by the Education Assistance Program varies depending on the employee’s level of education and the cost of the program. The program may cover up to 100% of the cost of tuition, books, and fees, up to a certain amount per year.
Overall benefits:
Humana Education Assistance is an important benefit that can have a positive impact on employee development, retention, recruitment, and corporate social responsibility.
Humana provides a range of benefits to their employees, including:
Health insurance:
Humana offers a range of health insurance options for their employees, including medical, dental, and vision coverage.
Wellness programs:
Humana offers a variety of wellness programs to promote healthy living, including gym discounts, weight loss programs, and smoking cessation programs.
Retirement benefits:
Humana provides a nearly $ 400k retirement and pension plan with company matching only for their employees.
Time off:
Humana offers paid time off, as well as holidays, bereavement leave, and military leave.
Life insurance:
Humana provides life insurance plans to eligible employees under specific conditions and circumstances.
Disability insurance:
Humana provides short-term and long-term disability insurance for eligible employees.
Education assistance:
Humana offers tuition reimbursement for eligible employees who pursue higher education.
Employee assistance program:
Humana provides an employee assistance program that offers confidential counseling services for employees and their families.
Eligibility Criteria:
By providing education assistance, Humana helps employees develop new skills and knowledge that can enhance their job performance. Humana offers an education assistance program to eligible employees who wish to pursue higher education.
To be eligible for Humana’s education assistance program, employees must meet the following criteria:
- Be employed by Humana in a benefits-eligible position for at least six months.
- Maintain good standing with the company, including meeting performance expectations and complying with all policies and procedures.
- Enroll in an approved program of study that leads to an undergraduate, graduate, or postgraduate degree or a professional certification.
- Maintain a minimum GPA of 2.5 (on a 4.0 scale) for undergraduate programs or 3.0 for graduate programs.
- Submit documentation of academic progress and expenses.
Employees who receive education assistance from Humana are required to maintain a certain level of academic performance and must agree to work for the company for a certain period after completing their education.
Non-eligibility criteria:
There are also certain non-eligibility criteria for the education assistance program, including:
- Employees who are on a leave of absence, including unpaid leaves of absence.
- Employees who are not in good standing with the company, such as those who have been terminated for cause or who have been disciplined for violating company policies or procedures.
- Employees who are not enrolled in an approved program of study.
- Employees who are pursuing a degree or certification that is not related to their current job responsibilities or their potential for advancement within the company.
- Employees who have received a negative performance review or who have not met performance expectations in their current position.
It’s important to note that eligibility and ineligibility criteria may vary based on the specific details of the education assistance program offered by Humana and that employees should consult their employee benefits materials or speak with their HR representative to determine their eligibility for the program.
Conclusion:
Humana employs over 46,000 people across the United States and has a wide range of career opportunities in various fields such as healthcare, technology, finance, customer service, marketing, and more. Humana provides its employees with a comprehensive benefits package, including health insurance, retirement plans, paid time off, employee assistance programs, and more.
Faq:
- Is Humana a large corporation?
Humana, founded in 1961, is the fifth-largest health insurance company in the United States by membership, with over 20 million Americans covered. The company’s revenue increased by 7.7% from 2020 to $83.1 billion in 2021.
- What company merged with Humana?
Aetna is merged with Humana but because of the termination of the merger agreement, Aetna will pay Humana $1 billion.
