| Federal Employee Health Benefits form an integral | | | | Government invests a huge amount of money in |
| part of the employee welfare programs, taken care | | | | these benefits, paying almost 70% of the premium |
| of by employers. The Federal Employee Health | | | | for permanent employees. |
| Benefit Plan comes under the system of ?managed | | | | At present, with high attrition rates, employers keep |
| competition.? It offers certain benefits to the | | | | on trying to retain their employees. They keep |
| employees, once they have successfully completed | | | | providing benefits to the employees and constantly |
| the probation period and have been confirmed as | | | | update them, keeping their changing interests in mind. |
| full-time employees. Once a person becomes a | | | | Most employers conduct research and surveys to |
| full-time, permanent employee, he is covered under | | | | implement new benefit plans. Based on the |
| various Insurance schemes available to the full-time | | | | designation profile and company, the range of |
| employees. These include life, dental and other health | | | | facilities of these benefit plans vary from one |
| related insurance coverage. | | | | employee to another. |
| An employee can avail of these benefits through an | | | | These benefit plans serve as part of the marketing |
| ?open enrollment?. Once it is accepted, it covers the | | | | strategy adopted by the various companies. Each |
| employee completely within the plans chosen. In the | | | | company keeps track of the benefits provided by |
| case of marriage, divorce, birth or adoption of a child, | | | | the other companies, to compete and attract |
| the employee can choose to change or cancel the | | | | candidates and subsequently retain their employees. |
| chosen plan. This is also applicable if the employee?s | | | | These plans help the employee in reducing their |
| employment status changes. Some of these benefit | | | | income tax amount, while deducting the tax amount |
| plans are offered to all organizations, while some are | | | | of the employers as well. |
| restricted to regional organizations only. The | | | | |