Pros And Cons Of Government Mandated Benefits

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Register to read the introduction… Why? | Natasha Wylie | 5/13/2012 6:05:23 PM |

| I'm on the fence about whether there is too much government intervention in the administering of employee benefits. I'm sure that both sides could argue where oversight is needed and where there is too much involvement. Whether the oversight is handled by the government or another agency, I do believe that someone should look out for the best interest of employees, and ensure things related to benefits are handled in a proper manner. |

Government Mandated Benefits (graded)
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economy plays a large part in determining the types of programs the government makes mandatory, in order to help and protect U.S. citizens in times of need, for example, COBRA. Some of these programs go back many years in their enactment, such as the Social Security Act of 1935, when the U.S. had the foresight to help aid in retirement of older workers (and that was post-Depression and pre-WWII). Some of these programs are efficient, such unemployment insurance (even though it should last longer), and some are not, such as Medicare (seniors still have to purchase supplemental insurance or pay out-of-pocket costs). Social Security may not even be around in another 25 years. I think these programs started out well, and the intentions are good, but they became financially strapped. …show more content…
Many employers provide life insurance for employees. Does your organization offer a group insurance policy? If so, what is the basic plan design of your organization’s life insurance policy, and for how much are you covered? RE: Group life insurance plans | Manqing Liu | 5/27/2012 10:52:00 PM |

| Group life insurance is term insurance covering a group of people, usually employees of a company or members of a union or association. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover and financial strength of the group. Contract provisions will attempt to exclude the possibility of adverse selection. Group life insurance often includes a provision for a member exiting the group to buy individual coverage. | Group life insurance plans | Aaron Jones | 5/19/2012 7:08:48 AM |

| There are three different types of group insurance and this company uses number one for there employees from what I was reading out of the company

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