IBM giving its parents $50,000 per child for disability services
Today, IBM let its employees know it’s expanding the benefits to its working parents.
We’ve written about some of the benefits IBM employees who are moms, including those in Austin, receive. Specifically, its innovative program to ship breast milk home when an nursing mother who is an employee has to travel for work.
Now, IBM is reimbursing employees up to $50,000 to cover services for each child with mental, physical or developmental disabilities. This is on top of what insurance already covers.
This is huge. Having a child with different abilities is incredibly expensive. It can financially ruin families. Even with amazing insurance, parents are still spending tens of thousands of dollars a year in out-of-pocket expenses on co-pays, services not covered by insurance, equipment, parking, medications and more.
IBM also expanded many of its other parent-friendly programs, including: