Explain how the tax subsidy may encourage employees to purchase employer sponsored health insurance or purchase...
Explain how the tax subsidy may encourage employees to purchase employer sponsored health insurance or purchase more benefits (better plan) than what they would normally purchase without the tax subsidy.
Homework Answers
Answer: Tax subsidy is a relaxation on the tax upto certain amount that is given by the government. The subsidy will cause the saving of the money and that amount can be given to the healthcare insurance for the premium.
People are unable to insured themselves due to high rates of premium as well as increased tax. Reduction in tax will automatically results in the money saving which can be directly utilities into the premium and healthcare insurance.
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Explain how the tax subsidy may encourage employees to purchase
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