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Explain some differences with the types of health insurance plans from the perspective of an employee. What is a defin...

Explain some differences with the types of health insurance plans from the perspective of an employee.

What is a defined benefit pension plan, a defined contribution plan and 401k accounts. Do you have a preference for one of these? Why?

What is a competency-based compensation program?*
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Answer #1

Answes Thae are several health are insurance options h choose rom, it an employer decides to ơbber health Care beneits to empoye Health Maintenonce Organicatron has beco mast prevaent tyhe the Hmo are equired to choose agenesat brachboney tom the lict o cloctos hat the HMo has Conacted oith Fee-for Senice Realth Insurance plans that give em plogees ahsolute freedom in choosing Phyriah and meddical haolihes defined benefit flan江 on employer- sponsored etivzment plon oherc employee benahits are Cou puted using a fomula that Considers and salary isy 4 dofinedl conibuhon plan is a type oz tehrement- blan in kohih he emp toger, employee or both make Con tn bution on a regluar basis o1k o ha Intemal Revenul. ode anthorized heel Cont bution he ue of a ne iye of defined tanhnibuhen plan

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