Employee Benefits (for U.S. based employees)

C. R. Bard offers a benefits program to our employees and their families that is designed to provide financial protection during employment and an opportunity for a secure future during the retirement years. We strive to provide a benefits package that is both comprehensive and competitive, yet affordable.

Depending on the work location and length of employment, available benefit programs can include:

Medical Plan
Prescription Drug Plan
Dental Plan
Vision Plan
Life Insurance and Accidental Death and Dismemberment Plan
Short and Long-Term Disability Plans
Flexible Spending Accounts
Long Term Care Plan
401(k) Plan
Retirement Plan (most work locations)

Medical Plan
The Bard Medical Plan offers coverage through two national Preferred Provider Organization (PPO) networks. In some areas, employees may also have the choice of receiving care through an Exclusive Provider Plan (EPP) or a Health Maintenance Organization (HMO).

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Prescription Drug Plan
Prescription Drug coverage is offered to Bard employees participating in a Bard Medical Plan. There is also a convenient prescription drug mail order program for maintenance medications (available with most Medical Plan options).

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Dental Plan
Bard offers two Dental Plan options – a Base Dental Plan and a Premium Dental Plan – through a network of dental providers. Plan participants have the option of seeing a participating (network) provider or a nonparticipating provider. In either case, the Plan offers comprehensive benefits after an annual deductible is satisfied.

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Vision Plan
Bard offers a voluntary, comprehensive vision care benefit. This benefit is available at favorable group discount rates. The vision plan has the nation's largest eye care doctor network, with thousands of doctors located in metropolitan as well as rural areas.

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Life Insurance and Accidental Death and Dismemberment Plan
Bard offers three Life Insurance plans that help provide important financial protection for employees and their families:
Basic Life Insurance – this plan provides a basic level of life insurance coverage for all benefits eligible employees. Employees are automatically covered and the total cost is paid by Bard.
Accidental Death and Dismemberment Insurance – this plan provides coverage in the event an employee dies or is severely injured in an accident. This coverage is also automatic with Bard paying the total cost.
Optional and Dependent Life Insurance – employees can add to the Basic Life Insurance coverage by purchasing Optional Life Insurance for themselves and Dependent Life Insurance for their spouses and dependent children.

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Short and Long-Term Disability Plans
Bard offers disability insurance that can provide financial protection in the event an illness or injury keeps an employee from working. The disability program includes the Short-Term Disability Plan and the Long-Term Disability Plan. Together, these plans can replace a portion of an employee's regular income.

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Flexible Spending Accounts
To help employees reduce their taxes and their costs for certain health and dependent care expenses, Bard offers two flexible spending accounts, or FSAs: the Health Care FSA and the Dependent Care FSA. Both allow employees the ability to set aside money from earned income before taxes are calculated and then use that money to reimburse themselves for eligible health care and/or dependent care expenses.

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Long Term Care Plan
Bard offers employees the ability to purchase Long Term Care coverage. The purpose of long term care insurance is to protect individuals and their families against the risks associated with a long lasting disability or illness. Because nursing home care or assistance in another facility or at home can be very costly, Bard offers a Long Term Care Insurance Plan. The Plan provides financial protection for employees and eligible family members if they should ever need care or assistance performing basic activities of daily living.

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401(k) Plan
The Bard Employees' Savings Trust (B.E.S.T.) 401(k) Plan is designed to help employees build financial security through pre-tax contributions, Company matching contributions, and tax-deferred growth. Employees can contribute from 1% to 25% of base pay on a pre-tax basis (up to the allowable federal limit) and can choose to invest in one or more of the thirteen investment funds offered in the Plan. (Employees age 50 or older can elect to make additional pre-tax contributions above allowable Plan or federal limits.)

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Retirement Plan (most work locations)
The Employees' Retirement Plan of C. R. Bard, Inc. provides benefits under a number of circumstances. In addition to normal, early, and disability retirement benefits, the Plan includes benefit options for eligible survivors and for eligible employees who leave Bard before retirement.

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