Module 4. Managing Employee Benefits. Nice Benefits!. Benefits. Benefit An indirect compensation given to an employee or group of employees as a part of organizational membership . Health benefits in the U.S. are provided by employers This is unique
Source: U.S. Bureau of Labor Statistics, 2008.
Source: U.S. Bureau of Labor Statistics, www.bls.gov/ncs/home.htm.
Source: Based on information from the U.S. Department of Labor, Bureau of Labor Statistics, National Compensation Survey: Employee Benefits in Private Industry in the United States, 2003; and Employee Benefits Study, 2003 ed. (Washington, DC: U.S. Chamber of Commerce, 2004).
People are retiring sooner but working longer…what is really happening here?
Source: U.S. Bureau of Labor Statistics www.bls.gov.
Source: U.S. Bureau of Labor Statistics, www.bls.gov
Of total pay
Source: EBN/Hay Benefits Survey, 2003. Used with permission.
Source: Bulletin to Management, Bureau of National Affairs, (Washington, DC, 2002), February 14, 2002, S2. To purchase this publication and find out more about other BNA HR solutions visit http://hrcenter.bna.com or call 800-372-1033. Used with Permission.
“Americans want a common sense approach to health care reform, not Speaker Nancy Pelosi’s 2,000-page government takeover that increases costs, adds to our skyrocketing debt, destroys jobs with tax hikes and new mandates, and cuts Medicare benefits,” said House Minority Leader Rep. John Boehner, R-Ohio. “Americans who ask ‘where are the jobs?’ are getting more of the same from out-of-touch Washington Democrats: more spending, more debt and more government.”
The legislation as passed by the House would require employers with annual payrolls above $500,000 to provide health benefits to their employees or pay a penalty or payroll tax of up to 8 percent. The money would go to fund a new health insurance exchange and lower-cost health plans, which would be offered by the government.
Individuals without coverage from employers or other sources would be required to purchase insurance or pay a penalty of up to 2.5 percent of their taxable income. Medicaid coverage would be extended to nearly 15 million additional lower-income people who do not currently qualify for coverage. Federal subsidies would be available to low- and middle-income families that still could not afford to pay for health coverage after the reforms are enacted.
The legislation would extend COBRA health insurance continuation benefits until an individual becomes eligible for health insurance coverage through the health insurance exchange. The insurance exchange would be a health insurance marketplace where individuals would have the choice of purchasing coverage from private-sector providers or from a government-run insurance plan.
Credit Unions Purchase Discounts Stock Investment
Life, Disability, Legal Insurances
Social and Recreational
What will be their impact?
How will we manage them?
Workers Compensation and Unemployment Insurance Activity
SHRM National Survey on BenefitsDiscussion