Medicare supplement insurance

Assignment Help Operation Management

Reference no: EM131126508

Jennie and her uncle Jack both work for the same large company. Her uncle Jack retired last year and receives a monthly pension that was determined based on his age and years of service. Jennie was looking at her employee manual recently and noticed that her retirement plan is based on regular payments by the company into her pension account and does not promise a fixed sum at retirement, like her uncle is getting. What are the advantages of Jennie's type of retirement plan, compared with her Uncle Jack's? What are the disadvantages?

Both Jennie's and her Uncle Jack's retirement plans include health insurance coverage until age 65 and after that, Medicare supplement insurance. Of the ways mentioned in the text to reduce employer health care costs, which are you familiar with? Which might be a good fit for Jennie and/or Uncle Jack?

Reference no: EM131126508

Questions Cloud

Staff personnel tend to assume line authority : From the viewpoint of line personnel, conflict between line and staff positions is created because staff personnel tend to assume line authority. In this role, staff personnel help to establish a mechanism for evaluating the effectiveness of organiza..

Tendency to decrease the span of management : Which of the following would be a factor that would have the tendency to decrease the span of management? Scalar relationships refer to the chain-of-command positioning of individuals on an organization chart.

Benefits of collaboration within supply chains internally : Explain the benefits of collaboration within supply chains internally, externally, and electronically. Compare advantages and disadvantages of partnerships in the supply chain. Determine ways of approaching implementation issues in supply chain.

Rising annual demand for products for three consecutive year : A company using an EOQ policy enjoys rising annual demand for their products for three consecutive years. Their holding cost and ordering cost remain constant during this time. Which one of the following statements is TRUE?

Medicare supplement insurance : Jennie and her uncle Jack both work for the same large company. Her uncle Jack retired last year and receives a monthly pension that was determined based on his age and years of service. Both Jennie's and her Uncle Jack's retirement plans include hea..

Should the board go ahead with some sort of variable pay : You are a member of the Board of Directors for a non-profit organization. A new executive director has just been hired. The previous executive director received a salary and no variable pay. Several Board members have indicated they would like the ne..

Conducted major study of supermarket shopping : The point-of-purchase advertising institute (POPAI) conducted a major study of supermarket shopping in four European countries. Almost 3,000 consumers age 16 or older were interviewed while shopping at a major supermarket. Respondents were first scre..

About materials requirements planning : Which of the following statements about Materials Requirements Planning (MRP) is TRUE?

Case study american water keeps data flowing : How did the implementation of a data warehouse help American Water move toward a more centralized organization? What data quality issues the company could have faced if they did not clean and organize the data?

User Account

All Pages