The Health Care Benefits For Employees

1908 Words Jul 20th, 2015 8 Pages
Your Neighborhood MD healthcare organization is due for reviewing the health care benefits offered to their employees. The organization is a fairly new organization, which employs only 48 individuals. When reviewing the possible health care benefits available, the organization has to take into account the other added benefits the employees currently are receiving. The following report will consist of a synopsis of the company, the types of benefits offered currently to their employees, and the new benefits for this coming year. The report will also outline models that the company may utilized in order to decrease the risk associated with providing health care benefits as well as determine the quality of care our employees are receiving. …show more content…
Through the choice of the PPO plan for employees, the premium for each member enrolled cost the organization “$5,008” for a single member and for a family plan cost “$12,084” (Kaiser/HRET, 2013). Employee contribution to the PPO plan for single members is “$1,024 and for a family plan cost “$4,587” annually (Kaiser/HRET, 2013). Total cost of premium paid out with employer and employee contribution equals for a single plan “$6,031” and for the family plan costs “$16,671” per individual member enrolled (Kaiser/HRET, 2013).
The HMO members for a standard plan cost the organization “$4,948” for a single plan and for a family plan costs “$11,419” annually (Kaiser/HRET, 2013). Employee contribution/premium for the plan for a single plan is “$1,081” and for a family plan costs “$5,124” annually (Kaiser/HRET, 2013). The total contribution from employer and employee for the premium for a single plan is “$6,029” and for a family plan is “$16,543” (Kaiser/HRET, 2013).
The costs of employer and tax deductions have been minimized by the federal and state government and now there will be an added cost of “40 percent excise tax”, based on employee contribution if costs exceed “more than $10,200 for an individual employee or $27,500 for dependent coverage (Miller, 2010) for employers with 50 or more employees. Due to the fact, the company is
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