《风险管理与保险 齐瑞宗》Treisch12e_Ch19.pptVIP

Employee Benefits: Life and Health Benefits Chapter 19 Chapter Objectives List three features that distinguish group insurance from individual insurance and describe the characteristics of a group that would be desirable from a group insurance underwriting perspective Explain the overall approach used to provide Social Security survivor and disability benefits Explain the typical eligibility requirements associated with premature death benefit programs and health expense benefit plans offered by employers Distinguish among the different types of group life insurance used in premature death benefit plans Chapter Objectives Explain the important considerations in choosing among health benefit providers List several approaches used to contain health expense benefit costs and give examples of each approach listed Determine the amount and order of payment among several different health plans covering the same loss to the same individual Compare sick leave plans with both short-term and long-term disability income plans Introduction Employee benefits have become an important aspect of total compensation in the United States Average employer costs for employee benefits equaled about 39% of payroll in 2001 Some benefits are provided by employers primarily to enhance the overall compensation package offered to their employees, such as Paid holidays, paid vacations, discounts on products sold by the employer, subsidized meals, free parking spaces However, this chapter focuses on identifying and explaining the employee benefits that can be used as risk management tools in dealing with life, health, and loss of income exposures Reasons for Employee Benefits Usually, employers make benefits available to employees in order to Improve employee relations Take advantage of the special income tax status granted to many benefit programs Employee Relations In earlier years, employee benefits were frequently referred to as fringe benefits Many employers viewed the