a stable workforce thus, enabling the organization to meet its goals of production or service. 2. Health care plans provided by an employer may be similar to what the military provides, which covers all expenses for the military member. This type of plan requires the family members to pay a deductible amount of the services provided Health Care 4 3. The employer may also provide subsidized or reduced health care plans as part of the compensation package. Subsidized plans may be significantly lower in cost to an employee than if they purchased the plans on their own. Private health care plans costs for an employee can run one and a half to three times as much as what an employer can provide. This is due to the buying power of an organization when it is in a group plan rather than an individualized plan. 4. A factor in deciding the need for a compensation plan is whether or not a stable full time work force is needed. The need for a stable workforce base helps to finalize the decision for including the health care as part of the compensation package. A healthy work force ensures the employees are ready and able to perform their assigned duties. B. Health care needs are not limited to the lower paid employees of an organization. Employees at all levels of earning and positions require some form of health care plan to provide for themselves, their families and life partners.II. Statistics reported by the Employee Benefit Research Institute (EBRI) state that in 1998 170.3 million people had employment based health care plans. Of this amount 6.2 million were through the federal government, 22.9 million through state and local governments, while 125.7 million were through the private sector. This still leaves approximately 80 million people without health care plans are spread into self employment, small businesses, Medicare, Medicaid and uninsured. These statistics help to...
