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
Updated to include information on the forthcoming Health Care Coverage Waiver Form.
Updated to reflect new information regarding moving expense reimbursements, and meal and entertainment expenses, effective January 1, 2018.
During this 60-minute webinar, June Mara, founder and CEO of XL Communications, reviews best practices that can help you develop a powerful and persuasive benefits communications strategy, and make your job significantly easier.
Updated to include a provision regarding the DOL final rule applicable to new and existing fully insured association health plans, effective September 1, 2018.
Updated to reflect the forthcoming Arizona health care continuation coverage law.
Updated to include forthcoming continuation coverage law applicable to small employers.
XpertHR offers many tools and resources to help an employer address mental health issues in the workplace.
Updated to include a provision designed to preserve certain ACA benefits, effective July 5, 2018.
HR guidance on understanding the value of health care benefits.