Group Insurance

Health insurance is a significant and fast$-$growing share of benefits costs at U$.$S$.$ companies, far outpacing the inflation rate and even the rise in the overall cost of health care. Employers have looked for ways to control the cost of health care coverage while keeping this valuable benefit. They have used variations of managed care, employee$-$driven savings, and promotion of employee wellness. Review your textbook on "Group Insurance." This activity is important because it will help you better understand how different companies handle their health care insurance.

The goal of this activity is to identify the kinds of insurance benefits offered by employers.

Read how various employers provide health coverage, then select the correct category the description represents.

Cookie Cutter lets employees use pretax savings to pay for qualified health care expenses.

Flexible Spending Account $vv$

$2.$ Employees at Poe's Potatoes do not pay out$-$of$-$pocket costs if they use the health care provider specified by company management.

HMO

$3.$ Employees at Allen's Auto Body are offered discount rates to join a nearby fitness club.

Flexible Spending Account $vv$

$4.$ The spouse and dependent child of an employee who passed away were able to obtain health care coverage at the company's group rate.

COBRA