PacifiCare's specialty operations include behavioral health, dental and vision, and complete pharmacy and medical management through its wholly owned subsidiary, Prescription Solutions.
Pacificare announced it would merge with UnitedHealth Group, one of the nation's largest health firms, in a deal worth about $6 billion.
In 2004, the company had revenues of $12.2 billion and net income of $303.1 million.
Incentive plans are offered to employees in certain management and sales positions. The company may also pay cash bonuses based upon its profitability. Profit sharing results are evaluated annually after the close of the year and cash bonuses are typically paid to eligible employees in the spring.
The company also offers an employee stock purchase plan. Eligible employees can buy shares of PacifiCare stock at a discounted rate. Shares are paid for through payroll deductions and purchased every six months.
Medical Coverage: PacifiCare offers a choice of medical plans in most locations. Specific options depend on which plans are available where employees live or work and may include the PacifiCare SignatureValueSM (HMO) plan, PacifiCare SignatureOptionsSM (Catastrophic PPO) plan, and PacifiCare SignatureFreedomsSM (SDHP) plan. Coverage for vision, prescription drugs, mental health and chiropractic care is provided in all medical plan options.
Dental Coverage: PacifiCare offers a choice of dental plans in most locations. Options may include an indemnity plan or PPO dental plan and a prepaid dental plan.
Employee Contributions: Employees can contribute from 1% to 50% of eligible
pay on a pre-tax basis up to the IRS limits.
Paid Time Off:
Regular employees below grade X-14, who are scheduled to work
at least 20 hours per week are eligible to receive paid time
off. Employees earn paid time off based on years of service and
number of hours worked. Full-time employees accrue 120 hours
the first year, 160 hours for years 2-4, 200 hours for years
5-9 and 240 hours for 10 or more years.
Updated August 31, 2005