The definition of Contribution Scheme, and how it fits into the Zenefits Health Insurance Marketplace
What are Contribution Schemes?
Employer contribution schemes provide various ways for organizations to subsidize the cost of benefits offered to their employees.
How do contribution schemes work?
Employers usually allocate a certain percentage, or flat payment towards an employee’s insurance premiums. These can vary depending on the employment type of employee (ie Full-time, part-time) or their level within the organization (ie Director and above).