All of the following are reasons why employers provide employer sponsored healthcare plans to their employees...

All of the following are reasons why employers provide employer sponsored healthcare plans to their employees EXCEPT:

a. To take advantage of tax write-offs that allow the employee to deduct the cost of such plans from their tax liabilities

b. To compete for talented workers by offering attractive employee benefit plans

c. To provide workers healthcare at a price that is lower than what the employee would pay for an individual health insurance policy

d. To make healthcare available to employees who can work fulltime but are uninsurable for individual health insurance policies

Expert Solution

Ans (Option D) To make healthcare available to employees who can work fulltime but are uninsurable for individual health care policies.

Note: In option (a) there should be 'employer' at the place of 'employee' then it is correct because it gives advance of tax write-offs to employers. If there is no correction then option (a) is wrong.

Reasons for which employer provides employer-sponsored healthcare plans to employees are:

1. To take advantage of tax write-off from their tax liability.

2. To attract talented workers by offering attractive employee benefit plans.

3. To provide healthcare to employees at a lower price than the employee would pay for an individual health insurance policy so that employees' satisfaction increases and increment in the loyalty towards an organization as well.

keosha answered 2 years ago

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