Health & Well-Being

An engaged, healthy workforce is the foundation to Waddell & Reed’s corporate success. We are committed to providing a comprehensive benefit package aimed at meeting the needs of our diverse colleagues.

Our employees are eligible for each of the following plans effective on their first day of employment. Waddell & Reed offers a self-insured group medical plan that includes prescription drug coverage. We also offer a dental plan, a vision plan, flexible spending accounts, health savings accounts, employee assistance program and a well-being program. Highlights include:

Group Medical Plan

Eligibility begins on the first day of employment, with the company offering three different benefit plan options for medical coverage. These options provide employees the flexibility to choose the plan that’s best for them and their families. The Company provides decision support tools to help employees decide what plan is best for their unique circumstances.

Prescription Drug Coverage

Prescription drug coverage is included as part of the Group Medical Plan through our pharmacy benefit manager, MedTrak. Online resources are available to help you find lower cost alternatives to save you money, along with drug information and possible side effects.


Telehealth is available to all employees enrolled in any of the three medical plans. Telehealth offers 24/7 access to U.S. board certified doctors who can treat many medical issues by phone or video. This convenient and affordable option can save you a trip to urgent care or the ER when you need immediate care for medical conditions such as colds, allergies, bronchitis, sore throat, sinus problems, and more.

Well-Being Program

We encourage employees and their families to take an active role in their health through exercise, nutrition and preventive care. We offer a well-being program that is an active, fully integrated global program designed to engage and encourage you on your personal pathway to better health.

Group Dental Plan

Our comprehensive and affordable dental plan encompasses a large national network of providers and covers preventive and diagnostic services. The plan includes coverage for many restorative services and orthodontics for dependent children and adults.

Vision Plan

The vision plan utilizes a large national network of providers and covers eye exams as well as glasses and contacts. Employees can keep their eyes healthy and get great savings on glasses, contacts and laser vision correction.

Flexible Spending Accounts (FSA)

 FSA accounts allow you to pay or be reimbursed for eligible expenses with pre-tax dollars that you elect to contribute to an FSA account. We offer four types of FSA accounts:

  • Health Care FSA
  • Limited Purpose Health Care FSA
  • Dependent Care FSA
  • Transit/Parking FSA

Health Savings Accounts (HSA)

An HSA provides a unique tax-advantaged opportunity to pay for current and future out-of-pocket healthcare expenses with pre-tax dollars for you, your spouse and dependents. These individual accounts can have a triple tax advantage because employee contributions can be made on a pre-tax basis, investment earnings are not taxable and you are not taxed when these dollars are used to pay qualified medical expenses. Waddell & Reed has a generous employer seed to accompany the employee contribution.

Employee Assistance Program

Waddell & Reed understands that significant changes can impact an employee's life and cause issues that are stressful to handle. We offer an Employee Assistance Program (EAP) which provides short-term, confidential, professional counseling and services to employees and their family members. Our EAP also provides work/life resources, including coaching in behavioral changes. This benefit is 100% sponsored by Waddell & Reed. There is no employee contribution, and employees can take advantage of the resources offered by the EAP as early as their first day of employment.

On-site Fitness Center & Gym Membership Reimbursement

Who doesn’t benefit from a little exercise, or just working off some tension or energy? Just for those occasions, we offer a fitness center on campus free of charge. The center includes lockers and showers, free weights, a treadmill, stationary bike, rowing machine, and hoist.

In addition, our well-being program offers both membership discounts and a gym rebate program for a variety of fitness centers to eligible employees enrolled in our medical plan.

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