Preview

What Benefits Can You Expect With Your Career Choice 2

Satisfactory Essays
Open Document
Open Document
437 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Benefits Can You Expect With Your Career Choice 2
What Benefits Can You Expect With Your Career Choice?
Directions: Type your answers in plain font directly into this document. Once you complete the research assignment, email the document to me at the following email address: ms.moore.hfa@gmail.com. Your email with this attachment must be received by Friday, January 25 before the start of your class period.
Search the internet for employers (hopefully in your preferred career field) that offer new employees a benefits package. Many employers post this information on their website. Look for a human resources link.
Next, you will search for companies that will offer benefits to individuals who are self-employed.
Part I: Employee Benefits
1) Find a company, corporation, government entity, hospital, etc. to serve as your hypothetical employer. List the company name, location and website.
2) Explore the company’s employee benefit package for your prospective position. a) Paste the URL address for the benefits page from the company website: b) Answer the following questions to the best of your ability based on the benefits package:
Does the employee pay for health insurance coverage? If so, how much for individual coverage and/or family coverage? Is the premium deducted from my paycheck? How much is the deductible?
Can I review a summary of the health insurance plan options? What restricts and limitations are there? What about pre-existing conditions? When does coverage begin?
How much sick time, vacation time, and holidays are provided. When do benefits start to accrue?
What type of pension plan is there? How much does the company contribute? Is life insurance provided?
Does the company offer short-term and long-term disability coverage?
Are there educational and training benefits? If so, are they are available for my family, as well as for myself?

Part II: Individual Policies and Retirement Plans
1) Find a company that will provide you with an individual health insurance policy. List the company and its
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    PSY201 R5 Cognition Language And Intell
    • 257 Words
    • 2 Pages

    PSY201 R5 Cognition Language And Intell

    Benefits: medical insurance partially paid; work from home 3 days per week; 5 days paid vacation each year…

    • 257 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Law 531 Week 3: Employment Contract
    • 713 Words
    • 3 Pages

    Law 531 Week 3: Employment Contract

    Moving expenses for the employee’s initial move will be covered up to $5,000. Premiums for medical, dental and vision will be covered at 50% up to a total of $2,500 per calendar year. A provision for education will be provided up to $2,500 dollars per calendar year. Personal time off (PTO) will be accrued at 15 hours per month. Sick time off (STO) will be accrued at 5 hours per month.…

    • 713 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Bus 210 Appendix D
    • 486 Words
    • 2 Pages

    Bus 210 Appendix D

    Employees will be recognized by management when they go above and beyond the company’s expectations. Starting from day one, all employees will receive three weeks of paid vacation, seven days of personal time, and two discretionary holidays. The company also provides short-term and long-term disability. A basic insurance plan will start from day one. Child care is provided for all employees with children under the age of five. This is an equal opportunity workplace.…

    • 486 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Hcr220 Week One Steps in the Billing Process
    • 958 Words
    • 4 Pages

    Hcr220 Week One Steps in the Billing Process

    1. Pre-Register Patients – In this step; patient appointments need to be scheduled and kept updated (Valerius, Bayes, Newby, & Seggern, 2008). Demographic knowledge should be collected; and basic insurance information should be put in the patient record, as well (Valerius et al.). Reminder calls should be made so that appointments are not missed. Once patient comes in for appointment; a copy of the insurance card, front and back, should be put in the record, also (Valerius et al., 2008).…

    • 958 Words
    • 4 Pages
    Better Essays
    Read More
  • Powerful Essays

    Features of Private Payer and Consumer-Driven Health Plans
    • 1649 Words
    • 7 Pages

    Features of Private Payer and Consumer-Driven Health Plans

    The following reading is to familiarize the reader with private payer plans and types of consumer-driven health plan (CDHP) accounts. Private payer plans such as PPOs, HMOs, and Group HMOs are the most popular but there are also others to consider when making decisions on health coverage, which are IPAs, POSs, and Indemnity plans. The CDHP accounts are made “for the consumer” and therefore consumers (patients) have a say in what kind of plan they wish to have and sometimes consumers can build their own health plan according to their financial situations with savings account options. After reading this information, the reader will have a clearer idea of the options available through health care coverage.…

    • 1649 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Health Coverage Case Study
    • 443 Words
    • 2 Pages

    Health Coverage Case Study

    2: Ask a friend or a relative what he/she thinks about his/her health care coverage including if he/she has experienced any recent changes to benefits or…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Comparing Cost Control Strategies
    • 308 Words
    • 2 Pages

    Comparing Cost Control Strategies

    Comparing cost control strategies of employer-sponsored health plans and self funded health plans employers do what they can and offer plans that will fit the employees. Employers limit the services or plans to help control cost. Riders are options that employees can add to a plan, like vision and dental plans. There are also complimentary plans that can be purchased like chiropractic services, dietetic counseling and acupuncture. Employers tend to offer plans through an open enrollment period. Open enrollment is offered at certain times of the year, usually at the beginning of the year or the end of the years for the next physical year. Open enrollment allows for the employee to pick the plans that are best for their families needs. This is a plan that has no third party administrators. There are various types of premiums and deductibles that are offered as well as co-pays. Most people look at what the premium and out of pocket expenses are going to be. Self funded plans have more risk that but there are good coverage’s in both plans.…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Comparing Cost Control Strategies
    • 307 Words
    • 2 Pages

    Comparing Cost Control Strategies

    Employer-sponsored health plans buy medical insurance from insurance companies to give to their employees as benefits. The human resource department negotiates with insurance companies and selects a group health plan (GHP) to give to their employees as a basic plan. The employees can then purchase riders, or options such as dental or vision insurance, to add to their basic plan. Employers can also use a different network of providers for certain types of medical care for their employees. During open enrollment periods, which is a specified period usually offered once per year, employees can customize their insurance coverage to their families' insurance needs.…

    • 307 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Economic Issues Simulation
    • 1142 Words
    • 5 Pages

    Economic Issues Simulation

    The second option for the company is the Castor Enhanced plan. This plan is almost identical to the standard plan, with the exception that it covers pre-existing conditions. This plan would also…

    • 1142 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Unit 3 Cypw
    • 1348 Words
    • 6 Pages

    Unit 3 Cypw

    These apply to all Work environments. . Labour law covers the deal between employee and employer. Health and safety laws cover the work conditions, and minimum wage and other laws set basic compensation levels…

    • 1348 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Better Essays

    Economic Issues Simulation Paper
    • 1120 Words
    • 5 Pages

    Economic Issues Simulation Paper

    Health care system has evolved tremendously in the last few years, with many changes with the health care laws including but not limited to Universal Health Care, many individuals have choices when it comes to their coverage. According to healthcare.gov, in January of 2015, an employer with 50 or more full time employees will have to make an Employer Shared Responsibility Payment if a full time employee gets a lower health coverage premium cost if insurance is purchase in a marketplace. However, employers are not subject to this law if the numbers of employees are lesser than 50 but are still expected to offer coverage for their employees. (healthcare.gov) Employers must make sure that when choosing coverage for their employees, these should be within their needs; within health care requirements as well as inexpensive keeping in mind that lower cost may not necessarily mean better. With many varieties in health care plans such as Preferred Provider (PPO), Point of Service (POS), and Exclusive Provider Organization (EPO); the Health Maintenance Organization (HMO) is the most preferred and utilized group health insurance plan. As a HMO representative of Castor Insurance, health care coverage will be built, including the potential utilization of the services by different enrollees.…

    • 1120 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Summary: Barriers To Health Care
    • 425 Words
    • 2 Pages

    Summary: Barriers To Health Care

    They have multiple services available: basics primary care for chronic and acute illnesses and referrals for advanced or specialty care, basic vision and dental care, behavioral/ mental health/ substance abuse, family planning and routine physicals for the whole family with well care check-ups, vaccines and flu shots. They have a pharmacy outlet, in-house labs, diabetes clinic and wellness gym. Also, if you need help trying to access the care they provide, a free service to give health and insurance assistance. they will help you with all the paperwork so that you have full access to care wherever you…

    • 425 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Frequently Asked Questions
    • 2327 Words
    • 10 Pages

    Frequently Asked Questions

    Department of Labor. We review and make recommendations to you if you bring your resume…

    • 2327 Words
    • 10 Pages
    Good Essays
    Read More
  • Powerful Essays

    Human Resource Management - Putting Together a Benefits Package
    • 3488 Words
    • 14 Pages

    Human Resource Management - Putting Together a Benefits Package

    In today’s economy it is vital that society as a whole carefully consider every dollar spent. In both the small and large business environment one of the most important ways to do that is to analyze money spent on a company’s greatest asset – its employees. Although unemployment is still relatively high and many people are willing to work for much less than they would have three or four years ago, the savvy applicant knows the value of employment benefits. When given a choice of the same salary, most applicants will choose the position that offers benefits. In some cases, applicants will choose a position that offers a lower salary as long as benefits are part of the employment package. Be that as it may, it behooves the hiring firm to closely review their benefits package to be sure they are offering the best they can with the dollars available. With a competitive benefits package, a firm is more likely to hire and retain quality talent. In doing so, the firm also positions themselves to find success in their line of business. The question, then, that many business owners face is whether a benefits package is affordable and the best use of funds. For every business, the financial aspects can vary dramatically and the final results can look very different, but it is possible to put together a benefits package for your business.…

    • 3488 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Good Essays

    Name Your Price: Compensation Negotiation at Whole Health
    • 940 Words
    • 4 Pages

    Name Your Price: Compensation Negotiation at Whole Health

    This case study is about a student Monroe davies who is in his second year at Harvard Business school and Jim Hummer who is the CEO of a company named Whole Health Management. Jim has met Monroe before and knows that Monore is interested in entering the whole health management.…

    • 940 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics