Question

q1.

a) Why would an employer give his employer health coverage
b)
What are the advantages of having your health covered by your boss

Answer 1

Answer:
(a)
An employer should give his employee health coverage because of following reasons:

• It helps in keeping team healthy and happy, also providing health coverage to employee signals that the employer cares about their well-being.
• Few of the employer needs to give health coverage to their employee under Affordable Care Act.
• It helps to increase the productivity if the employee and employee don't have to think so much about the well-being of themselves and their family.
• It has tax benefits to the employer as well which further motivates them to give health coverage to their employee.

(b)
Advantages of having your health covered by your boss :

• Premium contribution made by the employer are not subject to federal tax by the individual.
• If your employer provides health insurance package you don't need to think about it, keeping track of premium paying dates, dates of renewal and which package to take from.
• Workplace health insurances are usually cheaper than individual health plan, so it's beneficial to take health insurance from the employer.
• Workplace health insurance plan may offer other perks such as health care savings account that individual plans may not have.

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