Group Insurance Environment Essay Example | Topics and Well Written Essays - 250 words

Group Insurance Environment - Essay Example Some of the programs offered include preventive services, emergency services, alcohol and substance abuse, mental health services, pregnancy and maternity care, and emergency services. Dental care is provided through Delta Dental. This depends on the choice of network by the employee. In this case, the employee may visit any dentist of choice but the maximum benefits are available when the employee chooses Delta provider (AMB 6). Vision care benefits provide eye coverage. However, one is required to use Vision Service Plan (VSP) (AMB 7). 2) Identify the following benefits as either a form of â€Å"Group Insurance† or â€Å"Self-Funding† Benefits: Retirement Plans, Employee Assistance Program (EAP), Employee Stock Purchase Plans (ESPP), and Stock Grants. Apart from the security benefits of today, AMB assists employees to plan for their future by allowing employees to save toward their retirement. Employees contributions are automatically deducted their paycheck on a pretax basis (AMB 4). AMB also provides Employee-Assistance Program (EAP) to all eligible employees and their eligible dependants, free of charge. This includes confidential counseling and referral services for issues that may affect employees’ personal life or even job performance (AMB 5). They help in areas like marital problems, emotional or stress related issues, drug abuse, child and elder care, financial assistance, and legal matters. AMB also provides voluntary benefits in terms of education and training programs in support of professional development of employees. They provide employees with tuition fees, seminar reimbursement programs and conferences. AMB arranges for flexible spending accounts (FSAs). This allows employees to pay their care expenses with pretax dollars. When employees enroll in FAS, the amount they select is deducted from their paycheck on a pretax basis. Federally mandated benefits in AMB’s plan includes paying less in taxes