Financial Fitness Research Paper

On May 31, I began working for Northwestern Mutual in downtown Nashville. Northwestern Mutual is a Fortune 500 life insurance and financial planning company. Since then, my title hasn’t just been intern or college intern and I wasn’t just doing busy work or making copies for people. Northwestern Mutual treats their college interns as full time representatives with all of the daily jobs and responsibilities that full time employees handle. Northwestern gave me the title Financial Representative and sent me on my way to make a difference in peoples’ lives by giving them the opportunity to gain financial security through live insurance and financial planning.

An employee can help reduce the cost of health cost by doing several things. There has been an outcry from organizations due to the rising number of competitors with high expenses catering for health benefits during employment periods and on retiring. The employee can be of great help by being participative in the programs set by their employers to benefit more from other advantages far from health costs (Kerzner, 2013). Some of the choices an employee may consider to help control health costs are by boosting consumerism, use technology to manage benefits, and indulge in fitness and health programs.

What’s next? Some experts say that if the consumer-directed approach doesn’t succeed, em wash their hands of health care altogether. A recent study by the Employee Benefit Researc showed that the proportion of U.S. residents covered by employment-based health benefits d percent in 2000 to 60 percent in 2004. Decades from now, observers may conclude that a counter- revolution in employer coverage began in these early years of the 21st century. —Terence F. Shea

(2) Is depleting your emergency savings / savings to free up your monthly budget by eliminating your car payment? Paying cash for your car may be the best option if the interest rate you earn on your savings is lower than the after-tax cost of borrowing. By educating yourself on fair car purchase price, appropriate interest rates, and negotiation tactics can save you a lot of money at the end.

Employee benefits could be improved by expanding the employee assistance program to include counseling services to help employees work through various life challenges that may adversely affect job performance, health, and personal well-being to return them to full productivity, thereby optimizing the company’s success.

What is the analogous for-profit statement called? What are the main sections of the statement of operations?

The purpose of this meeting was to introduce and clarify business health insurance options in the year 2015 and the significance of good health at work. The three main topics that were presented to us were: 1) 2015/16 Affordable Care Act (ACA) overview for small sized businesses with fewer than fifty full time employees; 2) 2015/16 ACA overview for medium to large sized businesses with fifty or more full

Wellness benefits can be offered as part of employee assistance programs or as separate benefits.

Today’s workforce is not all the same and the older generation was more concerned with pay and benefits rather than flexible work hours or work/life balance programs. The company offers 20 different investment plans for 401k. The company also offers profit sharing, life insurance and accident insurance. By having the option to choose which benefits an employee wants to enroll in it helps the employee take control of their own benefits instead of the company offering a set plan that may or may not fit the needs of what an employee is looking for from their employer. By giving employees a choice it helps keep costs down instead of automatically enrolling employees in programs the employee feels they do not need at the present time.

Best health practices and worksite wellness program is about engaging with employees to understand what they want, taking a tactical method about looking at health holistically. According to Lacoma, (1999 -2014), these worksite wellness programs are intended to help the workers upgrade their health and maintain healthy lifestyles. This package includes exercises, variety of care and treatment for various illnesses (mental and emotional health), healthy food, on time check up reminders, outlined health checks assessments, consultations and therapy. Moreover, Engelman (2012) determined that many of the conditions impacting workers were preventable and requires increased amounts of education, screening, encouragement and benefits to help understand how these affect the quality of their lives. These shifts gained prominence during the 1990s from increased research, about the importance of prevention and the advantages it can provide employers inside the marketplace.The recent Affordable Care Act workplace wellness provisions on implementation and expansion of employer wellness programs serves a great means to offer great opportunity of improving the citizen 's health and also control health care spending. The effectiveness and benefits of such programs should be evaluated to encourage opportunities to support healthier workplaces (Kisberg, (2014).

Financial wellness is very important to maintain, not only throughout pharmacy school, but also throughout life. Keeping a record of my financial expenditures and tracking finances can help to ensure healthy spending practices and a balanced budget. This assignment has shown me that my expenditures can be managed much better in the future, and this can be accomplished by maintaining records of my weekly spending. Setting a weekly budget and sticking to it, while sometimes difficult, is important in financial stability.

As a home owner, would you like your mortgage and student loans to be payout in the event that you/your husband passes away? Or what about having an emergency fund account? And lastly, some type of retirement income. These are some of the areas I concentrate as well. Let me know if you or anyone you know would benefit from these services presently or in the future.

There is no denying the fact that the cost of health care in the United States has been on a constant rise than the wage of the employees that pay to have access to better healthcare. There is the general fear among these employees that if the rising cost of the health care is not brought under control, there will come a time, and some analyst think, the time is already here, when those employees will not be able to afford health care for themselves and their families. This fear of the unknown is particularly evident among those closer to retirement. Employers of labor have for quite sometimes now, been shifting the burden of the high cost of affordable health care to their employees, and that has significantly reduced employee standard of

Who says that your existing insurance policy is enough to give your fitness business the best protection? Investing in fitness insurance is a good decision that you can do to your business, and the people who depends on you, including your employees and clients. Fitness insurance Chicago is a specialty insurance created to help business enterprises involved in fitness and sports, while giving the best services to health buff customers.

New Era Consulting recommends the implementation of a wellness program through their benefits plan. Although this sounds odd, it’s a testament of how much your Benefits & WC plans tie in to each other. With this wellness program, it will incentives employee to practice a healthy lifestyle and wellness. It is proven that healthier employees will result more production, less injuries and more days at work.