US Employee Sponsored Medical Health Insurance: A Brief Overview

Medical insurance is vital for a number of reasons. One person get protection against the uncertain and difficult medical expenses and two were convinced of the quality of health services. Moreover, health is related to improved health outcomes, mortality, and therefore more productive employees.

statics of the U.S. health insurance market have shown that nearly 2/3rd of the U.S. population younger than 65 years and receive employer-sponsored insurance. While most companies provide their employees as incentives, has estimated that at least one member of each family member who works with companies to provide insurance. Employer-sponsored medical insurance is a lucrative option to offer, because it is inherent in the tax treatment of benefits and employer and employee. In addition, the company sponsoring the cost of private for the same set of advantages.

Generally, the insurance company applies sponsored by certain conditions such as the employee is required to pay a certain part of the premium, the employee must be available to work for a certain number of hours per week, the employee must adhere to wait before benefits are not affected, etc. Companies with large number of employees likely to offer health insurance of employees of companies with fewer employees. Small businesses are less likely to provide such benefits because of high costs and risk management for a small number of employees, adding that heavy premiums. Also, since small businesses make less profits, they lack the funds redirected to employee insurance. Furthermore, companies that have low-wage workers, high employee turnover, no unions and a large number of employees working part-time are less likely to provide health insurance. On the other hand, the stability of the company-sponsored insurance system is supported by the government as well as receive tax subsidies to encourage pooling of risks necessary for the successful functioning of insurance.

While the majority of U.S. citizens covered under the company sponsored insurance system (for families and their families), many others are provided, although public programs like Medicaid and Schip (State Children's Health Insurance Program) or through private health purchased insurance scheme.

In short, while the U.S. company-sponsored health insurance system continues to provide health insurance for the majority of U.S. citizens and their families, a significant number of Americans without coverage against the weight of medical and health care costs.