Employer Contributions and Your Responsibilities
Sipping wine and enjoying the scenery are the typical to-dos of most Santa Rosa residents, but while living a laid-back lifestyle is nice, it is necessary to work to afford such a privilege. However, while working is essential, you want to make sure that you have employee benefits, including health insurance, so that you can go on enjoying that wine and view for as long as possible.
ACA and Mandatory Health Plans
Thankfully, when it comes to health insurance, the passing of the Affordable Care Act mandated employer offered health plans. While such a mandate ensures that you will have access to health plans, it does not stipulate that an employer must provide the insurance at no cost to you, the employee. Therefore, most provided policies work through what is known as an employer contribution plan, which means that both you and your employer pay into a health insurance policy, making it more affordable for both parties.
Employer and Employee Responsibilities
The requirement to offer coverage and any employer offered contributions means that the responsibility of cost is shared. This sharing of costs means that both parties have certain obligations and expectations. It also means that an employer cannot be held accountable for the expense of any additional premiums. Also, the government mandate only extends to persons who are actually employed, meaning that dependents do not have to be covered by an employer policy.
California Requirements of Employer Contribution
While the health insurance mandate is federal, most states have amended the requirements to meet their state needs, and California is no different. California guidelines are in place to protect both the individual and the business. Therefore, there are two major stipulations for employer contributions and provided health plans: participation and waivers and declines.
If you need assistance understanding employer contributions, or your responsibilities with an employer health care plan, then reach out to Sackett Insurance Services. You can contact us at 1-707-823-3689 or follow us on Facebook, Linkedin and Twitter. Subscribe to our blog for more information on health insurance plans and topics.