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.
Summary for [Your State]