Monday thru Friday . 8:00 AM - 5:00 PM EST
For a traditional way of offering insurance, companies may consider going directly to an insurer. In this option, benefits are provided through a single insurance carrier. Employers shop and choose workplace plans on a “fixed-benefits” basis.
Companies that want greater control over benefits choices offered to employees or prefer a certain carrier may consider offering insurer-based benefits.
Plans are administered and managed by the employer. Employers will submit required reporting to the Internal Revenue Service starting in 2016. For more information about reporting requirements:
Employers with 50 or more full-time equivalent employees may be subject to shared-responsibility penalties if coverage either does not meet affordability or minimum value requirements. Employers must offer coverage to 95 percent of full-time employees and their dependents.
Voluntary insurance can be offered as part of a comprehensive benefits package. These benefits provide peace of mind to employees by helping with out-of-pocket costs associated with illness or injury. Learn more at Aflac.com.
This material is intended to provide general information about an evolving topic and does not constitute legal, tax or accounting advice regarding any specific situation. Aflac cannot anticipate all the facts that a particular employer or individual will have to consider in their benefits decision-making process. We strongly encourage readers to discuss their HCR situations with their advisors to determine the actions they need to take or to visit healthcare.gov (which may also be contacted at 1-800-318-2596) for additional information.