Anthem, Inc announced that the company will contribute $1,000 to the 401(k) accounts for each of its more than 58,000 associates and recent retirees.
Anthem has created this new investment program for associates following revisions to the U.S. tax code that were enacted earlier this year. In total, Anthem will contribute more than $58 million to the program which helps Anthem associates plan for their retirement and the needs of their families in the future. In addition to the Anthem 401(k) program, the company is investing savings from the changes in the tax code in other efforts to reduce the cost of healthcare and benefit the consumers we serve and our shareholders.
“At Anthem, we are fortunate to have more than 58,000 associates who work every day to make healthcare more affordable, accessible and simpler for individuals,” said Gail K. Boudreaux, President and Chief Executive Officer, Anthem. “We are extremely grateful for all that they do on behalf of our more than 40 million consumers as well as the care providers and communities we serve.
This new program is an opportunity for us to thank our associates and also ensure that they benefit from the recent changes to the U.S. tax code. It is our hope that, by contributing to our associates’ 401(k) plans, we are able to offer a program that will help them and their families now and in the future.”
Anthem’s full-time, part-time, temporary associates and recent retirees are eligible to receive the 401(k) contributions. For eligible associates who have not previously participated in Anthem’s 401(k), the company will automatically establish a 401(k) account and make the $1,000 investment. Associates will receive the contribution on March 29 and have the ability to select how the money is invested by choosing from the 15 investment options that are offered through Anthem’s 401(k) program.
About Anthem, Inc
Anthem is working to transform health care with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With over 73 million people served by its affiliated companies, including more than 40 million within its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit www.antheminc.com/companies