Asked by Rimiya Sharma on Jul 04, 2024
Verified
Rose, a new employee, learns her company provides a group insurance plan that she can enroll in. Her friend, Gary, suggests that Rose would save money if she chooses to purchase an individual insurance plan over the company's group insurance plan. Which statement weakens Gary's argument?
A) Individual plans are typically offered only to senior executives.
B) Rates for group insurance are typically lower than those of individual policies.
C) Rose will not be eligible for other benefits if she does not enroll in a group insurance plan.
D) Employees get more for their money when they receive insurance as a group benefit.
E) Rose will get more take-home pay if she opts for a group insurance plan.
Group Insurance Plan
A type of insurance policy that covers a defined group of people, typically employees of a company, offering them benefits at a reduced cost.
Individual Insurance Plan
A health insurance policy purchased by an individual, as opposed to being provided by an employer.
Group Benefit
An advantage or favorable outcome obtained by a team or group, often in the context of workplace incentives or shared services.
- Recognize the various categories of benefits available to employees and understand their benefits for both the workforce and the managing entity.
- Comprehend the benefits administration process and the role of HR in managing employee benefits.
Verified Answer
Learning Objectives
- Recognize the various categories of benefits available to employees and understand their benefits for both the workforce and the managing entity.
- Comprehend the benefits administration process and the role of HR in managing employee benefits.
Related questions
In the US, the Amount of Sick Leave Given to ...
What Is an Advantage of Providing Benefits Instead of Cash ...
Research Shows That Satisfaction with a Benefits Plan Declines as ...
Which Term Usually Describes Severance Packages for Executives ...
Which of the Following Types of Employee Benefits May Be ...