This will help put both parties at ease. Some of the reasons for the contract are, it will keep the employee from just using the company’s money to pay for their tuition and leave after earning their degree. Some of the questions to be considered are how will the tuition be refunded? Will the tuition be directly paid or will it be deducted from the employees pay. Another one is what academic standard must the employee maintain?
The significance of a high-deductible health plan is that it covers catastrophic losses, while the savings account pays out-of-pocket, non-covered or medical expenses. Therefore, consumers will be less inclined to use money for minor medical issues and make informed choices, which will help keep cost down. HEALTH REIMBURSEMENT ACCOUNT: Health reimbursement accounts (HRAs) are plans that reimburse employees for qualified medical expenses, which are usually funded by the employer. A health reimbursement account reimburses you for qualified medical expenses up to an account balance. ( Valerius et al, 2014).
College, however, does have its shortcomings such as putting individuals in financial debt, losing time that could be dedicated to making a living, and the stress that comes along with it. However, I believe that the good outweighs the bad in this situation because some advantages of being college educated are higher paying jobs, learning new skills, and having experiences that would you would very much likely not have otherwise. I ultimately strongly believe that college was the right decision for me and anyone else who might have similar goals as I
The best health plan that the Castor health insurance plan can offer this company is the Castor standard plan. It has a premium of $2,428 which in the end would save Constructit almost $572 a person using the Castor standard. By choosing this not only does it give the employees the best benefit, it will also utilization and risk will be low in which it will cover all employees. When it comes to the profit margin it was low, to where some representatives believed that it would be best by increasing the profit by giving the company a higher premium, but would give all employees that would have a pre-existing condition/s would be covered. As a Castor employee it seems like this would be a bad choice, for the reason that because of the age of the employees not all would be using all the services that are offered to them, so employees of the Constructit would be paying for services that wouldn’t be used.
In most common cases, the standard insurance provided for free by the employer is usually one to two times the employee’s salary in the event of their death. Additional coverage can usually be added at a low cost. These policies come in handy because they provide additional coverage for employee’s at no to very low cost. The only downfall is in most cases the coverage is not very affordable in the event you should leave the company and in some cases the coverage cannot be taken with
The Castor Standard plan is good for several reasons. The employees of ConstructIt have a chosen limit of $4,000 for a maximum annual premium cost. Therefore the premium cost of $3,428 is a fair point to make. The Castor Standard plan also includes full coverage for all service, with the exception of pre-existing conditions – which unfortunately means less payments into the insurance company, because staff members with those conditions would not be paying into the policy. The Castor Enhanced plan does allow for patients with those conditions to purchase coverage, as well as providing full coverage of services.
WGU is a nonprofit school; you pay a flat rate per 6 month term depending on your degree program. This enables you to save money, by allowing you to take as many courses as you can in a term. You get charged for time not credit hours. Another money saving feature is many of the course required textbooks are in e-book form. There are a few exceptions but for the most part everything is available online free of charge, through WGU’s extensive
The most expensive system in the world, the American healthcare system is riddled with problems and contradictions. One could say that this system is a work in progress, driven by interests with two goals that are often contradictory: providing healthcare to the sick, and generating income for the persons and organizations that assume the financial risk. UK patients prefer to be taxed in order to have free point of service healthcare. This system also allows UK pensioners to be able to retire and not have to keep working in order to maintain healthcare. Children’s dental, health and eye sight needs are free unlike the US healthcare, which creates a higher patient satisfaction with the national healthcare
Should the government spend more of its resource to help military veterans return to society? Everyone has own point of view. Some people may think military veteran will share the public resource with they that leading to the decreasing of their initial society welfare. The other people may think the government should spend more resource to help the military veterans because veterans protect our country. Veterans distribute a lot to our country.
Beginning with the affordability of fresh graduate, employer benefits the cost of fresh graduates than hiring experienced person. Following with students work environment their ability and adaptability. Their perspectives, each of the students have different thoughts and ideas. Fresh graduates have adequate knowledge in today’s technology. By hiring new graduates, employers can save money by spending less on training, gain new and fresh ideas from different fields and have employees that are adaptable at multitasking while being more technologically savvy.