Medtronics plans remain competitive in the market in terms of employer

Medtronics plans remain competitive in the market in

This preview shows page 4 - 5 out of 5 pages.

Medtronic’s plans remain competitive in the market in terms of employer contributions and costs of deductibles and premiums for employees. Definity Health’s high deductible costs for an individual is $3500 while a family costs $7000. Medtronic offers monthly premiums for individuals between $44- $78.25 per month while their family premiums range from $115.20- $242.75 per month. CDH plans are a lot less common than traditional PPO plans, relative to companies in similar size and industries.
Image of page 4
BENEFITS AND COMPENSATION ANALYSIS: PARTS A-D 5 References Bloom, Ester. “Here's How Much the Average American Spends on Health Care.” CNBC, CNBC, 23 June 2017, - care.html. Employee Choice of Consumer-driven Health Insurance in a Multiplan, Multiproduct Setting. (n.d.) HEATLH SERVICES RESARCH , 39(4), 1091-1111. Herzlinger, R., Hurwitch, J., & Bokser, S. (2014, July 23). Consumer-Driven Health Care: Medtronic's Health Insurance Options. Retrieved September 22, 2017, from Martocchio, J. J. (2016). Strategic Compensation: A Human Resource Management Approach. Retrieved September 17, 2017, from . McManus, M.A., Berman, S., McInery, T., & Suk-fong T. (2006, April). Weighting the Risks of Consumer-Driven Health Plans for Families. Pediatrics. p. 1420. Doi.10.1542/peds.2005- 1409. Merhar, Christina. “What Percent of Health Insurance Is Paid by Employers?” Zane Benefits A PeopleKeep Company, 16 Feb. 2016, - health-insurance-is-paid-by-employers.
Image of page 5

You've reached the end of your free preview.

Want to read all 5 pages?

  • Fall '19
  • Medtronic, Definity Health, different health insurance plans

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes