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January 2014
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Should Everyone Have the Same Health Insurance?

This aspect of Obamacare hasn’t talked about as much, but is looming as a major issue for some employers:

Many executives have long enjoyed perks like free health care and better health benefits for themselves and their families. But under a little noticed anti-discrimination provision in the federal health law, such advantages could soon trigger fines of up to $500,000.

Employers “should be more concerned about this than anything else” in the law, because many are in violation and the penalties can be stiff, says Jay Starkman, chief executive of Engage PEO in St. Petersburg, Fla., which offers human resources services and advises clients on the health law.

The provision says that employers who offer more generous benefits to highly paid workers could face fines of $100 a day for every worker who doesn’t get the perks, up to $500,000.

Health Perks Geared To Top Workers Could Trigger Penalties Under Health Law

Do you think everyone should have the same health insurance? Tell us about it in our discussion forum!

Related posts:

  1. McKinsey Survey Predicts 30% of Employers Will Drop Health Insurance By 2014
  2. Are You Ready to Pay More to Add Your Spouse To Your Group Health Insurance?
  3. Healthcare Reform: Why Can’t I Put My Child On My Health Insurance Until January?
  4. Obamacare: More Small Businesses Plan to Pay the Penalty
  5. Health Insurance Rates for Young Adults Up

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