Strategizing Health Insurance Plans for Organizations

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Health care benefit choices are numerous, and employers will want to carefully examine the different aspects of insurance options available; successively, the author was given the task to purchase health insurance for the organization that comprised of fifty (50) full-time employees. The author has to suggest one insurance plan that would take into consideration the employee’s lifestyle choices as well as health economics.

Suggest one (1) plan that you would use to purchase health insurance for your organization. Determine the extent to which employee lifestyle choices and health economics would factor into your chosen plan. Provide a rationale for the response. There are several insurance plans that are presently on the market …show more content…

Debate two (2) advantages and two (2) disadvantages of purchasing health insurance for your employees, as opposed to having your employees receive governmental insurance. Starting in 2014 small business with up 100 employees will be able to purchase group coverage through state base small business health option program (SHOP) exchanges. The hope is that these exchanges will allow small employers to pull their resources and risk factors into larger groups and so qualify for less expensive insurance rate (eHealthInsurance). The first two advantages of purchasing health insurance for employees are offering group health insurance and the ability to pull several businesses together which will bring the cost of purchasing health insurance for the company much easier. The disadvantages of purchasing health insurance for employees are small businesses with more than 25 employees will not receive any tax credit due to the Affordable Care Act and individuals who do not get insurance through their companies will be required to purchase health insurance on their own. In sum, if we allowed our employees to receive government insurance the cost of group insurance will go higher which will have an effect on what we can offer in terms of salary and benefits. Consequently, it is in the best interest of the employer to find an appropriate and economical plan that serves the needs of both the employer

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