Select the correct answer from each drop-down menu. Ryan's new employer has offered him a few insurance plans as part of his emp
loyee benefits package. Ryan is still considering whether he should buy these insurance policies independently. Ryan understands that the benefit of buying insurance from his employer is that . On the other hand, the downside would be that .
Ryan's new employer has offered him a few insurance plans as part of his employee benefits package.
Step-by-step explanation:
Ryan is working as deputy manager in a company. He currently has salary and there are no additional benefits. He is currently having only health insurance. When he joins the new company he gets few insurance plans as part of employee benefit packages. This is additional benefits which attracts a candidate to join a company and it keeps the employees motivated.
Ryan understands that the benefit of buying insurance from his employer is that these policies may help him get tax benefits. On the other hand, the downside would be that he would lose his insurance if he lost or quit his job.
