How much does your health insurance cost you and what does it cover?

Obamacare Rollout & Struggles (2013–14): Will employers have to cover 100% health insurance for full-time employees under Affordable Care Act? What is the current protocol/law? How much on average will health insurance cost employers and employees?

Christina Merhar at Quora Visit the source

Was this solution helpful to you?

Other answers

Employers are not required to provide Health Insurance for their employees.  If they have over 50 employees working 30 hours or more then they are supposed to provide health insurance.  If they don't they have to pay a fine per each employee. Penalty for not providing insurance: Employers with over 50 employees that do not provide insurance must pay a penalty of $2,000 for every employee in the company if even one employee opts to obtain insurance through an exchange. However, the first 30 employees are not counted in calculation of the penalty. Example: an employer with 75 employees would pay the penalty for 45 workers, or $90,000 (45 x $2.000). http://tinyurl.com/yek8f2b Health care insurance is not cheap.  Most employers that offer it pay a large portion of the premium and the employee pays the difference.  This even applies to dependent coverage.  It therefore is not out of the realm of possibility for an employer licking in $400 a month per employee.  From the example above, if the employer is NICE, 75 employees times $4,800 each per year comes to a cost of $360,000 for all 75 employees. 400 * 12 = 4800.  $4800 * 75 = $360,000  If you were an employer struggling to make ends meet wood you choose to pay $360,000 for insurance for your employees or from the example above, $90,000? ObamaCare was set up to entice employers to go for the penalties.  Why not?  Doing this however drives the health insurance system to the single payer system which is Obama's plan for America.  Socialized medicine like Europe and Canada which sucks is his fondest wish in his 'Hope and Change' agenda for the country. At least that's how I see and understand what's going down in the Affordable Care Act.

William Brown

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.