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    Whole Truth

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    BOB MARLOW
    Whole Foods provides health insurance plans that cover all health-related expenses. While this would be attractive for financial stability, the plans have downsides like high deductibles. Other companies likely do not adopt this approach as providing health benefits can be too costly, especially for lower-level employees.

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    Whole Truth

    Uploaded by

    BOB MARLOW
    163 views1 page
    Whole Foods provides health insurance plans that cover all health-related expenses. While this would be attractive for financial stability, the plans have downsides like high deductibles. Other companies likely do not adopt this approach as providing health benefits can be too costly, especially for lower-level employees.

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    Whole Foods provides health insurance plans that cover all health-related expenses. While this would be attractive for financial stability, the plans have downsides like high deductibles. Other companies likely do not adopt this approach as providing health benefits can be too costly, especially for lower-level employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    163 views1 page

    Whole Truth

    Uploaded by

    BOB MARLOW
    Whole Foods provides health insurance plans that cover all health-related expenses. While this would be attractive for financial stability, the plans have downsides like high deductibles. Other companies likely do not adopt this approach as providing health benefits can be too costly, especially for lower-level employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    1.

    How important would benefits like those offered by Whole Foods be to you if
    you were working there to put yourself through school or to collect a paycheck while
    looking for a position in your chosen field?

    2. What negative elements do you see in Whole Foods approach to pay and
    benefits?

    3. Why don't more companies use the approach to employee health care pioneered
    by Whole Foods?

    1. Whole Foods Market provides health plans and benefits where expenditures that
    are related to health are completely covered by the company. As a student that is
    just looking to move up through school, I would not think of benefits such as a
    health plan and I would most likely focus on just making money and having an
    easy work schedule. However, as someone who would look for a job for the sake
    of financial sustainability, it is not all about making a paycheck, packages such as
    health insurance and benefits play a crucial factor in deciding where to work.

    2. Despite having a health plan that is quite effective and attractive for any
    applicant looking for a job, there are downsides that come along with it. There is
    a high deductible plan to make more employees more responsible since there is
    only so much expenses that the company can cover. There was also the whole
    issue where many employees complained about the expenses which forced the
    company to come up with a new plan. The higher plan saves money for
    employers so that it is not that favorable for employees which means that their
    plan is not that effective for instances of emergencies.

    3. I believe that the reason companies do not implement this system of having
    health benefits is because companies find it too expensive to provide any extra
    benefits such as health insurance to provide them for each individual employee.
    Some companies don’t bother providing them as a means to cut costs, especially
    for employees that are low in the company hierarchy and even provide the
    simple minimum wage.

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