Final answer:
Insurance plans that companies offer to their employees and sometimes pay a significant portion of the monthly costs are a part of a company's Employee benefits package.
Step-by-step explanation:
The typical insurance plans that companies offer to their employees and sometimes pay a significant portion of the monthly costs are a part of a company's Employee benefits package.
Employee benefits package includes various benefits such as health insurance, retirement plans, employer payments to Social Security, unemployment and worker's compensation insurance, and other benefits like Medicare. These benefits are provided by the employer as part of the overall compensation package for employees.
For example, health insurance plans are a common component of an employee benefits package. Companies often offer health insurance coverage to their employees, wherein the employer pays a portion of the monthly premiums and the employee pays the remaining amount. This helps in reducing the financial burden on the employees and ensures access to healthcare services.