Health Insurance and the Affordable Care Act
Suppose you have been tasked with purchasing health insurance for your organization that has fifty full-time employees.
Use the Internet or Strayer databases to research different types of health insurance.
Write a 2-3 page paper in which you:
Write a 2-3 page paper in which you:
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 in to your chosen plan. Provide a rationale for your response.
Analyze the implication of the Affordable Care Act on your decision to purchase insurance. Debate two (2) advantages and two (2) disadvantages of purchasing health insurance for your employees, as opposed to having your employees receive governmental insurance.
Sample Solution
Health Insurance and the Affordable Care Act
The affordable care act (ACA) expands access to health insurance in the United States, and to date, an estimated 20 million previously uninsured individuals have gained coverage. Offering health coverage is a major decision for a business. When looking for a plan that fits the needs of your business and employees, you should carefully consider things like the cost to you and your employees, and the health services covered. Health reimbursement arrangements (HRAs) are a type of group health plan. HRAs allow employers to help their employees pay for medical expenses, including premiums for individual coverage in some cases. There are a number of reasons why it makes good business sense for employers to offer insurance benefits to their employees and their families: lower insurance costs; employee loyalty and retention; employee job satisfaction; and reduced operating costs.
