Part of today’s companies include the type of benefits that are given to employees. Employee benefits play a very important roll in the personal risk management programs of the workers within an organization and their families. Employee benefits are part of a full compensation package for employees.

Conducting external research and connection to Chapters 16 and 17; please expand on the following:

1. What is considered employee benefits? Briefly state what it includes. (10 points)

2. How does group insurance differ from individual insurance? What are the eligibility requirements for group insurance? (10 points)

3. What are the differences between HMO’s , PPO’s, and POS plans? (15 points)

4. What are the characteristics of short term disability and long term disability plans? (15 points)

5. Discuss the differences between defined-benefit and defined contribution retirement plans? (15 points)

6. Describe the benefits and disadvantages of 401 (K) plans. (10 points)