Asked by ashanti morris on Jul 07, 2024
Verified
Allen, the CEO of a company, considers dropping medical insurance from the list of benefits provided to its employees. Monique, the operations director, disagrees with Allen by stating that medical insurance is a high-value benefit. Which of the following supports Monique's statement?
A) Companies that do not provide medical insurance cannot have their retirement plans considered as qualified plans.
B) Most employees do not appreciate what health insurance costs the employer.
C) Medical insurance plans do not cover mental illness.
D) A health insurance rate is higher than a general insurance rate.
E) Employees usually realize that surgery or a major illness can be financially devastating.
Medical Insurance
A type of insurance coverage that pays for an individual's medical and surgical expenses.
Health Insurance Rate
The percentage of individuals or entities covered by health insurance plans, which can also refer to the cost of health insurance coverage.
- Attain insight into the legal aspects and compliance demands for offering benefits such as retirement plans and health insurance.
Verified Answer
JH
julia hurlburtJul 08, 2024
Final Answer :
E
Explanation :
Employees usually realize that surgery or a major illness can be financially devastating. This supports Monique's statement that medical insurance is a high-value benefit as it provides financial protection to employees in case of medical emergencies.
Learning Objectives
- Attain insight into the legal aspects and compliance demands for offering benefits such as retirement plans and health insurance.