What do employers need to consider regarding healthcare
benefits? Healthcare benefits are an ever-increasing portion of employee
compensation costs, but offering healthcare benefits to employees
is often vital to recruiting and retaining the best employees. There
are several different types of healthcare benefits plans that employers
use to fulfill their organizations’ healthcare benefits goals.
While the Affordable Care Act (ACA) left much of the current employer-based system intact, the reforms
have affected nearly every
employer in the country. While there is still no federal law that
requires employers to provide employees with healthcare insurance,
employers with more than 50 employees that do not offer coverage, or do not offer sufficient coverage,are subject to financial penalties. In addition, U.S.
citizens and legal residents, with few
exceptions, are required to have qualifying health coverage as of
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