Is a large employer likely to stop offering health insurance toits employees and simply pay...

Is a large employer likely to stop offering health insurance to its employees and simply pay the fine for not doing so? Why?

Solutions

Expert Solution

No, large employers have a reputation to maintain and their employee morale and recruitment difficulties to consider. The fact that the employer would be willing to pay the difference in excellent than provide medical insurance would send a message that the company does not care about its employees, making it so that the consideration for recruiting the best talent in the industry would become so much more difficult. On the one hand, we need to consider employee morale, ethical and moral concerns and accountability as well as the fact that while it would be cheaper for the company to pay a fine, it could potentially result in a much larger lawsuit, taking us both time and resources from the company, something which not only affects its productivity but limits its ability to make the best use of its most precious resource, the human resource.

keosha answered 2 years ago

Next > < Previous

Related Solutions

Employees at a large company are surveyed about their health insurance status. Employees are coded as...

Employees at a large company are surveyed about their health insurance status. Employees are coded as “11” if health insurance is obtained through the company’s benefit program, “22” if health insurance is obtained from another source (such as through a spouse’s employment benefit program), or “00” if the employee does not have health insurance. This variable is: a. numerical b. categorical c. all of the answer options are correct d. quantitively categorical

what is the negative and positive impact of pay equity on the employer and employees

Employees currently pay their own medical and health insurance premiums The company does not offer group...

Employees currently pay their own medical and health insurance premiums The company does not offer group life insurance The company would like to offer dependent care assistance under Sec. 129 for its employees What advice would you give the company President about starting a fringe benefit program for the employees? What are some of the tax benefits to the company and the employees? Would a cafeteria plan be an option for this company?

1. If an employer does not pay the taxes withheld from employees to the government, is...

1. If an employer does not pay the taxes withheld from employees to the government, is the employee responsible? 2. Is a defined benefit or a defined contribution plan better for an employee? for an employer? 3. Why would a company consider issuing preferred stock? If it needs to raise capital, wouldn’t it be better just to borrow the money from a bank?

Are employer contributions into employees’ health savings accounts taxed as earnings of the employees? Under what...

Are employer contributions into employees’ health savings accounts taxed as earnings of the employees? Under what conditions may employees be exempt from the withholding of federal income taxes during 2017? How do such employees indicate their no-tax-liability status?

In a recent health insurance survey, employees at a large corporation were asked, "Have you been...

In a recent health insurance survey, employees at a large corporation were asked, "Have you been a patient in a hospital during the past year, and if so, for what reason?" The following results were obtained: 497 employees had an injury, 774 had an illness, 1,251 had tests, 246 had an injury and an illness and tests, 702 had an illness and tests, 506 had tests and no injury or illness, 953 had an injury or illness, and 1,548 had...

As an employer, you can impact the lives of employees. Beyond tangible rewards such as pay,...

As an employer, you can impact the lives of employees. Beyond tangible rewards such as pay, and intangibles such as mentoring, providing a generous employee benefits package is something to consider. In order to offer generous benefits, you must first practice careful financial planning. Most benefits packages do not come cheap and costs can rise exponentially; especially with the rising cost of health care. You have recently become the Total Compensation Manager at XYZ, Inc. You are responsible for building...

- A large company offers its employees 2 different health insurance plans and 2 different life...

- A large company offers its employees 2 different health insurance plans and 2 different life insurance plans. The table below shows the proportions of employees who choose these plans. Since it is known that a randomly selected employee chooses Plan 2 in life insurance, what is the probability of choosing Plan 1 in health insurance? Life insurance Health Insurance 1. Plan 2. Plan 1. Plan 20% 15% 2. Plan 25% 40%

Should employees receive pay increases for simply doing the job they are were hired to do...

Should employees receive pay increases for simply doing the job they are were hired to do or should they have to go above and beyond? Would your answer be different for bonuses? Provide an explanation for your response. Support your response with an APA cited reference(s).

An employer provides each of its employees with life insurance protection equal to four times the...

An employer provides each of its employees with life insurance protection equal to four times the employee's annual salary. Erin, who is 31, has an annual salary of $45,000. Is Erin required to recognize income even though she is still alive at the end of the year and thus nothing has been collected on the life insurance policy? Click here to access Exhibit 4.3. Round answers to the nearest cent. If the coverage exceeds $____, the employee must include in...

Subjects