Questions on Employee Benefits

Employer-sponsored benefits reflect the culture and business of the organization, and plans should be crafted and selected accordingly. Think about your current (or former) organization's benefit plan. Did it help to improve the quality of your work as well as your personal life? Why or why not? Was it a generous benefits program or were there specific benefits you felt should have been included?

1- Employers possess limited budget to fund employee benefits. From an employee's perspective, which employee benefits practices should be funded? Which are easily dispensable? Now respond to these questions as an agency or company representative?

Large populations of Americans are uninsured mainly because of the high cost of insurance. Majority of the uninsured are the low-income working families’. The adults represent a higher percentage of the uninsured than children. Before the law, you could be denied coverage or treatment because you had been sick in the past, be dropped mid-treatment for making a simple mistake on your application, hence, the Affordable Care Act was implemented into law on March 23, 2010 by President Barrack Obama to make sure that every American irrespective of their status will be insured and have full access to proper health care benefits, rights and protection(1). To understand the

Employers can use the reference material found on the Department of Labor website called Find It By Audience-Employer to verify that their employee benefits comply with all federal laws.

HealthCare.gov, if the individual is unemployed and cannot afford any health plan and does not

The second feature is that it also provides consumer information on health plans from the department’s Employee Benefits Security Administration (EBSA). The Employee Benefits Security Administration is the agency that enforces the rules of the Title of the Employee Retirement Income

Since the implementation of the Affordable Care Act, some may argue that access to quality health care and services are easier to obtain. The law mandates that all citizens of the United States as well as those individuals who are non-citizens, but are legal residents, acquire health insurance coverage. In order for there to be minimal barriers to accessibility of health coverage, an online health insurance marketplace provides individuals with the option to shop for health insurance plans. The plans are categorized by the state in which the individual resides. The exchange allows individuals to review plan specifications. Additionally, the exchange provides coverage options through participating insurers through a tier system. The consumer is able to make a comparison of services covered in each tier, prescription costs, as well as premium costs associated with each health plan. From that, consumers have information about an array of detailed plan options and covered services in which to make an informed decision and purchase coverage that best suits their individual needs as well as the needs of their family.

The succeeding paragraphs will describe the major features of the U.S. Department of Labor (DOL) website at http://www.dol.gov/dol/topic/health-plans/cobra.htm.

Have you ever invested into a company or received benefits from a company? From insurance to social security, there are many different types of benefits you can receive from the firm you work for. What happens if you don’t receive the money you were suppose to get? Where do you go? Who helps you get the money you are suppose to receive? This is where the Employee Retirement Income Security Act comes into play. Established in 1974, the Employee Retirement Income Security Act is a federal law that was created to help workers receive their benefits even if they are terminated or retire. The Employee Retirement Income Security Act does more than just protect individuals; it applies certain requirements and regulations for the firms to follow and if the company does not follow the requirements than they can face substantial fines.

Q1 – Understand the purpose of employment regulation and the way it is enforced in practice.

Healthcare reform benefits include, essential health benefits which will mandate all new plans to offer minimum coverage for ambulatory care emergency services, hospitalization, maternity and newborn care, mental health and substance abuse care, and preventative and wellness services. There will be no cost sharing for preventive services; however contraceptives will not be included in the essentials package. Medicare benefits include new personalized health plan benefit with an annual comprehensive risk assessment. Also $250 rebate will be given for spending in the coverage gap. Long-term care includes a program called Class Act by 2011, which is a voluntary savings program that allows those with disabilities to purchase non-medical services. Office on Women’s Health has now been established in all major federal agencies such as DHHS, CDC, and FDA; this entails a coordinating committee on women’s health and a national women’s health information center.

As an employee, you can qualify for much coverage insurances for example, old age benefits, permanent disability benefits, and survivor benefits. There are non-administrative organizations benefits (Social Security Administration, 2013).

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.

HealthCo is a nonprofit health care provider operating with 36 clinics in an open system within a functional organization. The clinics include rehabilitation units, therapy facilities, hospice and geriatric units, and other highly specialized centers. HealthCo operates with approximately 6,700 employees in the eastern United States. In line with the industry, HealthCo employs a larger number of women than men in the areas of nursing and patient care.

The organization for which I am designing the compensation package is a company that offers internet solution to customers in the domestic US market and the global market. The position that I am hiring is that of a company secretary. The secretary will be required to work in the office of the human resource manager and will handle all the papered and paperless documentation. The position comes with numerous benefits and packages as outlined herein.