Health Care Pros And Cons

In the last few years, a lot of controversy has arose around employee healthcare benefits; questions such as the quality of benefits a business offers their employees. A benefit is a payment or gift, one makes to help someone, or given by an employer, an insurance company, or a public agency as an aid. Many personally believe that the benefits businesses offer are not quality and that it should be expected while others are just thankful for the options. There are several pros and cons to employee healthcare benefits. Healthcare is a critical part to employee benefit package. Supported research claims that healthcare and time off are the most popular benefits one receives. Every employer needs to consider offering benefits to employees …show more content…
In specific, a con would be the lack of choices in policies. In a group plan all the decision making is left to the employer such as what doctors or clinics the employees may go to. To individual employees this means they can no longer go to their family doctor as they have for decades. This is a personal decision for an employer to make so many people find it impersonal and unreasonable. Another con is employees may rather prefer their own personal insurance over what the company offers. Reasons for this could be that the individual may find a policy more suited for their personal needs. Private insurance corporations can provide more affordable rates to those employees who have a lesser need of coverage, generally ones who are younger and more fitness positioned because they are more unlikely to get injured. Also, a group policy may seem unfair to employees on the lower end of the income scale within their employed …show more content…
One of the cons to offering health benefits is the cost. Health care cost have risen immensely in the past several years and as the outcome, small businesses are being drained of valuable resources and not only that, the insecurity of knowing the prices makes financial planning exceptionally difficult for many businesses. Also, there is a lot of work and time required of the employer when it comes to purchasing health insurance in a group form for all employees. Most insurance companies will usually act as a plan manager for the business but that does not mean there is not going to have to be time spent on filling out forms, remitting premiums, and acting as the middle man between your employees and your insurance agent upon all the other things needing to be done. There are pros and cons to weigh out and businesses have to decide what is best for them and their