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