currently we provide medical insurance 100% paid by the employer. but i know some employers pay for only a portion of the benefit. how does obamacare affect this? i understand we have to provide health insurance to all employees but do we have to pay 100%? Also does this include vision and dental? Thank you for your time.
No, you're not required to pay 100%, you're only required to provide an employee with a minimum amount of health insurance coverage.You are not required to provide an employee with vision or dental insurance.
What's the "minimum amount" of health insurance? Thank you.
The minimums of employer sponsored health care plans is stated in Section 5000A(f)(E)(2):(2) Eligible employer-sponsored planThe term ‘‘eligible employer-sponsoredplan’’ means, with respect to any employee, agroup health plan or group health insurancecoverage offered by an employer to the employeewhich is—(A) a governmental plan (within the meaningof section 2791(d)(8) of the Public HealthService Act), or(B) any other plan or coverage offered inthe small or large group market within aState.Such term shall include a grandfatheredhealth plan described in paragraph (1)(D) offeredin a group market.
Experience: Extensive experience representing employees and management