Employee Health Care Benefits Throughout Businesses Essay

Discuss some of the choices that an employee may make to help control health costs.

Healthcare system are employee sponsored insurance is not portable, overworked interns, residents, and nurses causing fatigue and burn out, and cost. Once an employee is no longer employed at an establishment he or she loses all health care benefits. This is such a disservice since the employee has paid into benefits and no longer has coverage (Goodman, 2016). Once the employee finds employee there is a period in which they are uninsured until benefits kick in. If anything happens during this time it is an out of pocket expense. Many healthcare workers are overworked causing fatigue and burn out. More staff could help relieve this problem. Lastly, the cost of healthcare is very expensive. In fact in the U.S. we pay more for healthcare than any other modern society. If we do not find solutions spiraling cost will bankrupt companies and force individuals to drop coverage, destroy long term viability of Medicare and Medicaid (Goodman,

In order to be eligible for employee health insurance, an employee must work full time. The scope of Employer Sponsored insurance includes not only the employees and their families, but also the retired employees (Tax Year, 2017). The most common way for Americans to receive health insurance is employer sponsored.

In 1954, Congress passed legislation allowing employers to provide health insurance benefits to employees on a tax-free basis (Sih and Singh 99). This legal provision marked the beginning of the rapidly expanding health care costs still apparent today due to the major incentives provided by the government to obtain employer-based health coverage. The overwhelming popularity of employer-based health insurance has led to a serious market inefficiency resulting from the system of third-party payment. As individuals rely on their insurance companies to pay for their medical expenses, this provides

HMOs are usually the least expensive health plans, offer predictable costs for health care, the least administrative paperwork, and cover preventive care (Barsukiewicz, Raffel, & Raffel, 2010). However, HMOs also restrict direct access to specialists by requiring referrals by a PCP, requiring patients to see a provider in the HMO network, and often not covering more costly procedures or care options, because care is managed to control excessive or unnecessary care. Providers gain if they provide less care (Austin & Wetle, 2012). This incentive could affect patient-provider trust.

Employers should offer affordable( employee premium less than 9.5% of employee’s wages) and of minimum value( employers must pay at least 60% of insurance cost) healthcare benefits to their employees depending on factors like number of FTE, number of employees receiving premium tax credits and other complex measurements to calculate the amounts. Employers should also notify employees by written about State exchanges, and advise them that if an employee decides to purchase a health Plan through an exchange, they may lose the employers’

Looking further into the effects of health care. It is overlooked that universal health care promotes better business by benefitting them. Firstly, which is done by the means of allowing every individual to live healthier lives, more specifically individuals who are employed. Employees would have higher standards of living thanks to universal health care. With healthier lives will maximize the work done by these individuals. In total benefitting their business or the business they work for. Secondly, a fact which all business owners would love to hear is that the amount spent on employee’s health insurance would be no more thanks to universal

If one specific job entitles healthcare while others do not, this means people are more likely to stay with that job and not move to another position, [3].

One of the must have necessities of a human being is the provision of sound health care and every government, both national or local is obligated to offer this essential service to all the citizens without favor or any discrimination of any kind. Where else it is paramount that every employer to make sure the health and the safety of the employees are given the first priory. This will make sure the employees who are injured during the work are taken care of, and they are relieved the burden of the cost of health care. Thus, it is common to find most companies get the services of insurance companies and other organizations which provide health care programs for workers such as IndUShealth to make sure the welfare of the employees is in safe

Benefits are a key factor in an employee’s decision to work for a specific company, in many cases an employment decision is based purely on the benefits offered by the company. More specifically health and disability insurance, they can all cost thousands of dollars and are vital to everyone’s career and life. From an employee's standpoint it is critically important to fully understand the types of insurance the company is offering to you. Findings from the 2014 Aflac WorkForces report show that many Americans underestimate their risk of experiencing a disabling illness or injury and overestimate the resources available to them. Generation x, millennials, and generation z are the most affected by this thought

Overall, the role of health insurance as a financial channel will be mentioned. Monetary business objectives will be contrasted with the altruistic goals of health care as a humanitarian service. The benefits of shifting health care management altogether to the government will be discussed, emphasizing its positive effects on the businesses of the employers and the performances of the employees in the United States.

There are great health care benefit programs for employees in most organizations. However, the age limitations are causing serious concerns when it comes to mental care for dependent adults over the age of 26. This needs to change, as mentally ill patients over the age of 26 are left without healthcare insurance; which is never a good thing. Mentally challenged individuals deserve to be protected and covered as dependents under their caregiver’s insurance plans as long as they live. The term dependent should not be restricted to an age, but rather be a term that defines the individual who is unable to provide for themselves due to some mental disorder. Therefore, if organizations change their policies and include the mentally ill as a dependent regardless of age, then, it is likely for economies to see declining crime rates, less cost to taxpayers for essential services, and better overall rehab facilities.

Private health care would be available to every employee who holds a job for a period of 3 months or more. Every employer must offer health insurance to their employees. The insurance provided is cheaper than that of the public health care provided and it can be taken directly out of your paycheck.

The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide. These benefits include employer contributions to Social Security, unemployment insurance, and workers’ compensation insurance. Altogether such benefits represent about twenty-one and half percent of payroll costs.

Employee wellness program is set up to improve the health of employees’, promote their morals and at the same time improve workers productivity. Examples of employees’ wellness programs includes on site clinics, on site gym or employee discount at a gym, smoking cessation, stress reduction programs, weight control and healthy diet. (Churchill, Gilliespie, Herbold, 2014). ). The Center for Disease Control and Prevention in 2008 estimated that the medical cost of chronic disease was 75% of all the health care cost, the cost for obesity was $147 billion and cigarette smoking another risk factor for chronic disease cost $ 193 billion (Churchill, Gilliespie, Herbold, 2014).Some employees due to long hours at work tend to neglect their health. Most employees’ do not have time to eat healthy food they depend on unhealthy snacks due to time. Also there is lots of stress at work place, these wellness programs are suppose to help staff unwind and relax after a hard day at work. It is equally appropriate for employees who are stressed out at home.