3-2 Final Project Milestone One: Benefits and Compensation Analysis (Section I, Parts A–C)

3-2 Final Project Milestone One: Benefits and Compensation Analysis (Section I, Parts A–C)
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A. Employee Issues and Concerns
One of the things that must consider is to examine the concerns and issues that are dear to employees by reviewing qualitative data for their significance and validity, including the demographics. Most employees are concerned about the high rate of deductibles that would affect their capability to afford the out-of-pocket maximums that they have to pay (Hu & Hirsh, 2017). The high deductible for a single employee is $3500, while the lowest deductible for a single employee is $1500. The high deductible for a family or a married person is $7000, and the low deductible for $3000. This issue influences the number of people that would register for healthcare insurance cover. Qualitative data is the research finding that contains information about qualities: this information cannot be quantified. Therefore, when evaluating Medtronic case’s qualitative data, it is evident workers have issues with high amounts of deductibles, impeding their ability to save their income to take medical insurance coverage and afford high out-of-pocket payments.
B. Most Consistent and Prominent Issues
The prominent and consistent issues with consumer-driven programs include money to cover for deductibles, an employee's ability to choose their providers, and high deductibles. However, with the Definity Health program, the latter were relatively higher than the other two prominent issues. The other alternatives that had high monthly expenses included Medica and HealthPartners. Hu and Hirsh (2017) claim that Medica’s out-of-pocket costs were as high as $600 for a family and $300 for a single employee&r...