Careers

Our Benefits and Incentives

The Terumo Flexible Benefits Plan is designed to recognize the diverse needs of our workforce. Our plan:

  • Provides competitive and comprehensive benefit options that allow you to design your own plan based on your individual needs
  • Offers options that provide long-term financial security for you and your family

Plans Designed for Terumo Associates' Individual Needs:

Medical
Dental
Vision Care
Short-Term Disability
Long-Term Disability
Life and Accidental Death Insurance
Health Advocate
Long-Term Care
401(k) With Company Match
Flexible Spending Accounts
Legal Services
Employee Assistance Program
Tuition Reimbursement
Fitness Center Reimbursement Program
Travel Assistance

Medical
Terumo offers two medical plans that provide different levels of medical coverage. Both plans offer a broad range of medical services. Associates may also waive medical coverage with proof of coverage elsewhere.

Our Preferred Provider Organization (PPO) is a group of health care providers that includes doctors, hospitals, and ancillary providers. The PPO option includes preventative care services and a prescription drug card. PPO coverage also allows you to use PPO health care providers and non-PPO providers at different coverage levels.

We also offer Catastrophic Major Medical coverage that provides access to full-scale medical services.

Dental
Our dental coverage is available at variable levels for preventative and diagnostic procedures, basic dental services, and major restorative services.

Vision Care
Our vision care coverage is provided for examinations and lenses every 12 months and frames or contact lenses every 24 months.

Short-Term Disability
Short-term disability insurance replaces a part of your weekly earnings if you become totally disabled for a short period of time due to an injury or sickness. The level of coverage is a percent of your weekly earnings for a period of time up to 26 weeks.

Long-Term Disability
Long-term disability insurance helps replace a portion of your income if you become disabled due to an illness or injury for a period greater than 180 days. Associates also have the option to purchase increased coverage.

Life and Accidental Death Insurance
Terumo associates are covered by life insurance and accidental death and dismemberment (AD&D) insurance at no cost, in the amount of two times their basic annual earnings. Associates also have the option to purchase supplemental life and AD&D insurance.

Long-Term Care
Terumo provides company-paid, long-term care benefits for all associates. Long-term care services include, but are not limited to, help with daily activities at home, respite care, home health care, adult day care, and care in a nursing home. Associates have the option to increase their benefit amount. Associates are also eligible to apply for benefits coverage for their spouse, parents, and grandparents (to age 79).

401(k) With Company Match
Associates who have completed three months of service are eligible to participate in the Terumo Savings & Investment Plan. Associates can save up to 60% of their pay up to the maximum allowed by federal legislation. The plan offers traditional 401(k) pre-tax contributions as well as an after-tax Roth provision. Terumo matches 100% of the first 6% of eligible earnings. Associates are immediately vested in their contributions as well as Terumo's contributions to the plan.

Flexible Spending Accounts
Terumo offers a Health Care Reimbursement Account and a Dependent Day Care Reimbursement Account. The Health Care Reimbursement Account allows you to use pre-tax dollars to pay for medical and dental expenses that are not covered by your insurance policies. The Dependent Day Care Reimbursement Account allows you to use pre-tax dollars to pay for a dependent's day care, provided the day care is with a licensed day care provider.

Employee Assistance Program
Terumo has partnered with a professional and confidential counseling and referral service, to assist associates and their families in dealing with life's challenges. The program provides face-to-face evaluations, easily accessible services, and crisis counseling 24 hours a day,
7 days a week.

Tuition Reimbursement
All full-time associates are eligible for full or partial reimbursement for approved educational courses after three months of service. Associates are eligible to take up to two courses per semester with unlimited semesters.

Scholarship Program
Terumo offers a scholarship program to the children of Terumo Medical Corporation associates to encourage the pursuit of higher education and to assist in the funding of this education. The program is managed by an independent scholarship management service. To qualify, candidates must be entering or currently enrolled in a two- to four-year degree program.

Fitness Center Reimbursement Program
A provision in the Terumo medical plan allows for reimbursement of fitness club membership fees up to $200 per year when you participate in a cardiovascular fitness program over a 12-month period.

Travel Assistance
This benefit provides you and your dependents medical, travel, legal, and financial assistance services, 24 hours a day, 365 days a year worldwide when faced with an emergency while traveling internationally or domestically when more than 100 miles away from home whether on business or personal travel.

Other Benefits
In addition to the excellent benefits listed above, Terumo offers a variety of work schedules and competitive compensation. All regular active associates are also provided with paid vacation, holiday, and sick/personal days.