The Patient Protection and Affordable Care Act requires employers with at least 50 workers to provide health benefits to employees working 30 hours or more per week, or suffer penalties upward of $2,000 per uncovered eligible worker. The first 30 employees are exempted from the count.
Big companies and those who already offer comprehensive plans likely won’t make drastic changes in the coming year, but they may consider trimming health benefits for retired employees due to more options available through online health insurance exchanges that will offer a variety of plans and include some federal subsidies for individuals in 2014.
More Articles on Employer Health Benefits:
Study: Health Insurance Deductibles More Than Doubled, Premiums Up 62% Since 2003
Study: Patients in Consumer-Directed Health Plans are Unaware of Free, Low-Cost Benefits
6 Hurdles to Bundled Pricing
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
