(Answered) : Zhu Industries provides a self-funded group medical insurance for its full –time employees. In December of 2016 they employee

June 27, 2024| admin| 0 Comment| 7:36 pm

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Zhu Industries provides a self-funded group medical insurance for its full –time employees. In December of 2016 they employee 18,533 full-time employees and they are currently expanding their full-time work force by 2% each month. Each employee contributes $125 a month to the insurance pool. The average claim per employee in December of 2016 is $250 (i.e. they paid out 18,533*250 = $4,633,250 from the insurance fund in December 2016). The amount of the average claim is anticipated to rise by 1% each month in 2017. The company cost is considered to be the total claims minus the employee contribution.

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(Answered) : Zhu Industries provides a self-funded group medical insurance for its full –time employees. In December of 2016 they employee

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