Essay on Health Care

1077 Words 5 Pages
Health Care

Abstract
"Health Care", This is becoming more important in today's world of corporate streamlining, downsizing, and increased health care costs. A compensation package for the employees of today is more valuable than it has ever been. The average employee no longer is just concerned with the wages or salary they receive, their attention has been drawn to the overall compensation package. As health care costs rise the importance of an enrollment in a health care plan grows.
Health care will continue to be an important factor for employees as long as costs continue to grow.

I. Health Care. Starting from the time a person leaves their parents and as they enter the workforce and
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The health care plans help to attract and maintain a stable workforce thus, enabling the organization to meet its goals of production or service. 2. Health care plans provided by an employer may be similar to what the military provides, which covers all expenses for the military member. This type of plan requires the family members to pay a deductible amount of the services provided 3. The employer may also provide subsidized or reduced health care plans as part of the compensation package. Subsidized plans may be significantly lower in cost to an employee than if they purchased the plans on their own. Private health care plans costs for an employee can run one and a half to three times as much as what an employer can provide. This is due to the buying power of an organization when it is in a group plan rather than an individualized plan.

4. A factor in deciding the need for a compensation plan is whether or not a stable full time work force is needed. The need for a stable workforce base helps to finalize the decision for including the health care as part of the compensation package. A healthy work force ensures the employees are ready and able to perform their assigned duties.

B. Health care needs are not limited to the lower paid employees of an organization. Employees at all levels of earning and positions require some form of health care…

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