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Most firms offer new employees, upon completing their probation period, medical benefits, such as hospitalation insurance for themselves and families. The new employee may decline this benefit because he/she is receiving these medical benefits from another source, in this case the new employee is military retired and is paying into their program(Tricare),---I have experience that most companies will actually pay something to the new employee-------- and thus the new employee will receive additional pay for opting out. What is this situation called? Why does the company actually pay the employee for opting out of the company medical plan? The company will add some pay to the new employee’s wages because the company is saving much more money in premiums by NOT adding the new employee to their insurance plan. What is this scernio called? Is there a specific name for it? I’m desperately trying to explain this to a inexperience HR. I’d be very grateful for any assistance. High Regards, Ken Bellande Bellandek@ymail.com 601-320-1657
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Most firms offer new employees, upon completing their probation period, medical benefits, such as hospitalation insurance for themselves and families. The new employee may decline this benefit because he/she is receiving these medical benefits from another source, in this case the new employee is military retired and is paying into their program(Tricare),---I have experience that most companies will actually pay something to the new employee-------- and thus the new employee will receive additional pay for opting out. What is this situation called? Why does the company actually pay the employee for opting out of the company medical plan? The company will add some pay to the new employee’s wages because the company is saving much more money in premiums by NOT adding the new employee to their insurance plan. What is this scernio called? Is there a specific name for it? I’m desperately trying to explain this to a inexperience HR. I’d be very grateful for any assistance. High Regards, Ken Bellande Bellandek@ymail.com 601-320-1657
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bellandek:
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Posted: 08/19/2012 5:57:17 PM EDT
Tags: "e-BIM | business soultions |
bellandek:
Add as a Colleague
Posted: 08/19/2012 5:57:17 PM EDT
Tags: "e-BIM | business soultions |
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