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Shutterstock / M-Thanaphum

Starbucks China’s New Insurance Plan Covers Employees' Parents

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The plan was announced by Howard Shultz, executive chairman of Starbucks, and Belinda Wong, CEO of Starbucks China
starbucks

Shutterstock / M-Thanaphum

The company says the plan was created in partnership with “top” insurance agencies in China.

Starbucks has implemented a lot of programs in the past to make sure its employees are covered, including a college achievement plan in the United States and a loan program in the United Kingdom. This week, the coffee company announced that its division in China is now extending its insurance plan to the parents of its employees.

The Starbucks China Care Program will begin on June 1 for eligible parents who fall critically ill, according to the press release. The plan is available for full-time employees who work at stores in mainland China.

The company says that through the program, the company can help alleviate financial costs during a family emergency.

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“Supporting critical illnesses for aging parents exemplifies what we believe is our responsibility as a global public company and honors the family values deeply-rooted in the Chinese culture,” Howard Shultz, executive chairman of Starbucks Coffee Company, said in a statement.