Employers frequently provide postretirement benefits to employees aside from pensions. Some of these benefits include health insurance, life insurance, and disability insurance. Choose one (health, life, or disability insurance) and explain the similarities and differences when accounting for this other benefit in addition to a pension. Which one would a company be most likely to select, or which one makes the most sense?

In your responses to your peers, add your ideas about which one makes the most sense and why. Additionally, discuss how this might impact the company.

Hi class,

I fortunately had the pleasure of receiving all of the benefits stated. I would think if a company would choose one of these benefits it would be dependent on what their industry deems important. For example, I worked for Comcast as a technician, the work is taxing on your body so the health of your employees would be key to run a successful company. If you spend tens of thousand to train employees then there well-being matters. Employer-Sponsored Health Insurance is a healthcare plan that employers provide for the company's workforce and their dependents. The employer is responsible for choosing the plan and determining exactly what it covers. Employers and employees typically share the cost of health insurance premiums. In 2020, the standard company-provided health insurance policy totaled $7,470 a year for single coverage. On average, employers paid 83% of the premium, or $6,200 a year. Employees paid the remaining 17%, or $1,270 a year. For family coverage, the standard insurance policy totaled $21,342 a year with employers contributing, on average, 73%, or $15,579. Employees paid the remaining 27% or $5,763 a year (walker,2020). As an employer the benefits of offering health insurance are attracting better talent, tax deductible premiums, a more productive workforce, and lower insurance costs. as you get more employees to singe up for insurance the premiums fall because the risk are spread out more.

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