Overview: Health care benefits are an important part of the overall compensation package and employee benefit program that employers use to attract and retain workers. Employees value health care benefits because they soften the financial impact of a catastrophic, unanticipated illness or injury.
Employees are typically provided an opportunity to participate in the employer's group health plan. Eligibility for participation may depend on a number of factors including working for a required period of time and/or an individual's employment status (e.g., full time or part time).
Most health care benefit packages include medical and prescription drug coverage, but many employers offer more comprehensive packages that include dental and vision benefits as well. Basic health insurance covers costs related to hospital care, including hospitalization, inpatient surgery and doctor fees related to the hospitalization.
Trends: The requirements of the Affordable Care Act pose some real challenges for HR professionals and its requirements have a significant impact on how both employers and employees view health care benefits.
Author: Tracy Morley, SPHR, Legal Editor
The IRS released drafts of the forms employers will use to report annually on the health care coverage they offer to their employees as required by the Affordable Care Act (ACA).
These FAQs provide answers to some of the most commonly asked questions about the Affordable Care Act's annual reporting requirements related to the terms and conditions of health care coverage provided to full-time employees under Internal Revenue Code Section 6056.
Closely held, for-profit corporations that choose to drop some or all contraceptive coverage from their health plans must notify plan participants and beneficiaries of the change. The US Departments of Labor, Health and Human Services and the Treasury published an FAQ on this notification requirement in light of the Supreme Court's Burwell v. Hobby Lobby decision.
Two federal appeals courts issued opposing opinions on whether the Affordable Care Act (ACA) subsidy is available for health insurance purchased on the federal health care exchange.
HR guidance on understanding the value of health care benefits.