BUS 109 - Employee Benefits for Personal Finance

1 CR

Part of a series of courses that present core components of personal finance applicable to individuals and financial service workers. Outlines basic benefits offered by firms. Students become familiar with what these benefits achieve and how to use them for long-term financial planning.

Course Outcomes

Review a social security summary statement and evaluate how benefits are computed
Determine how unemployment benefits are given
Describe major employee benefits (medical, disability, life, etc.) and what they cover
Analyze a case study of health insurance and determine relevant costs
Evaluate the differences in risk between three or more medical insurance packages
Taking the employer’s perspective design an employee benefits package using relevant components – calculate the cost to the employer and the benefit to the employee
Evaluate the financial benefits of spending accounts
Calculate the after-tax benefit to the employee of 401K, profiting sharing or pension benefits

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