Question

In: Operations Management

List six types of health-related insurance benefits typically available to employees.

List six types of health-related insurance benefits typically available to employees.

Solutions

Expert Solution

Some of the health-related insurance benefits typically available to employees are, such as

  • Medical Insurance which covers hospital visits, any kind prescriptions given, etc. This is generally covered by an employer as a part of the premium.
  • Flexible Spending Account which an employee maintains certain amount which helps in the higher amount of health related expenses and taxes are not applicable on this.
  • Health Reimbursement Account – it is more like group health plans funded by employees and the employer and money can be reimbursed.
  • Disability Insurance in which a portion of employee’s income goes in case they can’t work for sometime due to injury.
  • 401(k) and 403 (b) retirement plans
  • Employee assistance programs is more like a “work based intervention” to help employees in case they go through some personal issues.

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