Hmo plan from a traditional medical expense plan

Assignment Help Business Management
Reference no: EM131075011

Write 1 or 2 Paragraphs. 

1. Explain the characteristics that distinguish an HMO plan from a traditional medical expense plan. 

2. For each of the following laws, state which employers must comply with the law and which employees the law is designed to protect:

a. Age Discrimination in Employment Act

b. Pregnancy Discrimination Act

c. Americans with Disabilities Act

d. Financial Services Modernization Act

3. You're benefit planner for a company that would like to offer added services to the employee benefit package. The following 3 individuals are employed at your company. Mary, a 28 year old single mom with 1 child, has worked for the company for 6 years. Tamara, a 45 year old married with no children, has worked for the company for 20 years. Juan, a 57 year old widower with 3 children( ages 12, 18, 22) has worked for the company 30 years. For each of the employees, decide which services would be most beneficial and explain why.

**The rest can be 1-4 sentences

1. Mary began working for Keyboards R Us as a full time employee 1 month ago. When she went to work today, she stopped by the benefit office to ask if she was eligible for the company's group insurance plan. As her benefit specialist, what would your answer be?

2. List 4 reasons employers may grant employees time off with pay. Which of the reasons you've listed would be most likely to apply to a college professor or a biochemist who works for a pharmaceutical company? Why?

3. An employee is age 52 and plans to retire at 62. He's committed to making monthly contributions so that his retirement plan will support him when he isn't actively at work. Would this employee be more interested in a pension plan or a profit-sharing plan? Why?

4. Why is it important for an employer to have specific written objectives before designing a benefit plan?

5. The following companies want quotes for group insurance. Based on this information only, rate this list from the highest insurance quote to the lowest and briefly explain why you rated them in this way: coal mining company in Pennsylvania, appliance repair company in Florida trucking company in Virginia, and telemarketing company in North Carolina.

6. Explain the two general types of major medical coverage.

7. Why might employers want to use cafeteria plans?

8. List the following as either qualifying or non-qualifying for COBRA and explain why the do or don't qualify: a. the 22 year old son of an employee who attends college full time b. an employee who has her hours increased from 15 hours per week to 35 per week c. the widow of an employee who has her own insurance through her employer d. the church secretary who has been laid off

9. What are the advantages for an employer to offer employer stock to its employees?

10. As a benefit specialist, you're designing a new plan. there are many benefits that you may consider reducing or removing to save on employer costs. What programs do you not consider reducing or removing, and why?

Reference no: EM131075011

Questions Cloud

Show that (5) defines an inner product on c [a, b] : Show that (5) defines an inner product on C [a, b]
Summarizing the model you have chosen : Write a 700- to 1,050-word paper summarizing the model you have chosen and provide analysis and explanation for your choice.
Contracts irac : Jill is trying to sell her car so she places a "For Sale" sign on her car. The sign states that the car is "For Sale" and it also provides a contact phone number.
Frequency distribution for qualitative data : What is a frequency distribution for qualitative data and what sorts of charts and graphs are most helpful to display the date? Feel free to use examples based on real variables
Hmo plan from a traditional medical expense plan : Explain the characteristics that distinguish an HMO plan from a traditional medical expense plan. For each of the following laws, state which employers must comply with the law and which employees the law is designed to protect:
Marketing depends on involvement and word-of-mouth : Social media marketing depends on involvement and word-of-mouth. However, there are risks when using social media marketing. Discuss the pros and cons of using social media such as LinkedIn, Facebook, and online blogs as part of an integrated mark..
What impact do you think these and other scandals : Whereas the legality of the whistleblowers' actions is not of interest to us here, what impact do you think these and other scandals will have on the future of intelligence?
Show that (5) defines an inner product on c [a, b] : Show that (5) defines an inner product on C [a, b]
The total inductive reactance of this circuit : When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd