Nanogen is committed to offering competitive compensation and a benefit package that provides protection and well being for our employees. All health benefits are effective your first day of employment.
The following is a summary of U.S. benefits*:
Medical, Dental, Vision Benefits
Nanogen offers medical (HMO and PPO), dental, and vision plans with coverage options for eligible employees and families (including domestic partners). The medical plan includes a Prescription Drug benefit where covered prescriptions are filled for minimal co-pay per 30 day supply of medication. We also provide a mail order prescription program offering reduced expenses on maintenance prescriptions.
Income Protection
In order to protect an employee not able to work due to injury or illness, Nanogen provides short term and long term disability coverage. These policies supplement an employee's weekly income up to 60%, should an employee become disabled.
We also provide basic life coverage at 2x your annual salary up to a maximum of $500,000. Supplemental life insurance coverage may be purchased by eligible employees at their own cost. Additionally, Nanogen provides accidental death and dismemberment insurance and business travel accident insurance.
Paid Time Off
Nanogen offers an attractive paid time off schedule, with full time employees accruing 120 hours of paid time off (3 weeks) in their first year of employment. Eligible employees accrue an additional 8 hours each subsequent year of service up to 200 hours (5 weeks) per year maximum in the 11th year of service.
In addition, Nanogen observes 12 regularly paid holidays each year, including a company shut down between Christmas and New Year's Day.
401(k) Retirement Plan
Nanogen's 401(k) Retirement Plan is available to assist employees in meeting their long-term financial goals. Employees may contribute up to 50% of gross pay (subject to IRS guidelines) on a pre-tax basis to Nanogen's 401(k) Savings Plan. In addition to employee savings contributions, Nanogen may provide a discretionary matching contribution in Nanogen stock for employees who participate in the plan.
Employee Stock Purchase Plan
Employees have the opportunity to share in Nanogen's future through participation in the Employee Stock Purchase Plan (ESPP). Employees may allocate up to 15% of salary, after-tax, for the purchase of Nanogen common stock at a discounted rate. Contributions are made through payroll deductions and purchased stock is automatically deposited into the employee's brokerage account.
Stock Options
Nanogen employees receive stock options allowing them to share directly in the company's financial success.
Flexible Benefits Plans
Flexible Spending Accounts are available for eligible employees who want to participate by setting aside money on a pre-tax basis to pay for qualified health and dependent-care expenses. Participation in the program is optional, but usually results in significant tax savings for the employee.
Employee Assistance Program (EAP)
Short-term counseling and referral services are available to all employees and members of their household through Horizon Health or an affiliate. EAP services are 100% paid for by Nanogen and are confidential.
Educational Assistance
Nanogen encourages employee development by offering reimbursement for courses taken at accredited schools that are directed toward the employee's current position or another position at Nanogen.
*Nanogen offers a competitive benefits package for all international locations. However, these benefits vary by country.
