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
XpertHR offers many tools and resources to help New York employers ensure that their response to the novel coronavirus (COVID-19) outbreak complies with applicable state and local laws.
XpertHR offers many tools and resources to help employers evaluate employee benefits considerations that may arise as a result of the coronavirus (COVID-19) pandemic.
Updated to include information on the Cal-WARN Act.
With the number of coronavirus (or COVID-19) cases steadily rising in the US, states and insurers are trying to alleviate the pressure on citizens by eliminating cost sharing for coronavirus testing.
Updated to reflect an HHS bulletin that addresses HIPAA privacy and the coronavirus.
Updated to reflect new information on the leave-related employer tax credit.
Updated to reflect the repeal of the ACA's "Cadillac" tax.
Updated to reflect the repeal of the ACA's "Cadillac" tax and the extension of the PCORI fee.
HR guidance on understanding the value of health care benefits.