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Difficult Choices In Total Compensation: Balancing Health Care Costs And Wage Increases, Jennifer Dose Apr 2009

Difficult Choices In Total Compensation: Balancing Health Care Costs And Wage Increases, Jennifer Dose

Educator Scholarship

This article describes an experiential exercise suitable for undergraduate or master’s-level students. The goals of the exercise are for students to correctly apply health insurance concepts such as premium, deductible, co-pay, and coinsurance; to understand and explain the dilemma facing organizations in an environment of increasing health care costs and limited compensation budgets; to discern and apply the concerns of employees with varying demographic profiles to health care cost sharing; and to develop competency in calculating health care costs at the organizational level. Students receive a scenario in which they act as an employee representative and are asked to ...