Assignment Task: The CEO of Fresh Munchables has asked you to review the company's health care plan, specifically its premium-sharing policies. In the past, the company paid a huge portion of its employees' medical insurance while employees paid very little. Now that the company has grown and many more employees have been hired, this model is becoming unsustainable. The company has also conducted an internal review and found that many employees may be overutilizing their benefits.
How can Fresh Munchables still offer quality health insurance to their employees while also encouraging employees not to overuse their benefits?
1. Decrease the number of benefits because neither the company nor the employees can afford them.
2. Discontinue dental and vision insurance because they are less desirable for many employees.
3. Increase the deductible employees pay for each service in order to maintain the same level of coverage at a lower employer cost.
4. Offer insurance to fewer employees in order to encourage competition for rewards.