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Legally do small businesses have to offer health insurance benefits to their employees?
Wiki User
∙ 12y ago
A small business does not have to provide insurance to employees. Unfortunately, it can be difficult for small businesses to pool the financial resources needed to offer quality insurance.
Wiki User
∙ 12y ago
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Do employers legally have to offer insurance to their full time employees?
Yes, employers legally have to offer insurance to their full time employees. Read more at www.insure.com/articles/healthinsurancefaq/employers.html -
What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?
The high cost of health insurance or any other type of insurance are key issues facing companies today. Legally required benefits are the minimum a company has to offer and that alone has become an issue. Finding health insurance a company can afford for it employees are also issues. Companies are looking for the cheapest insurance they can find through multiple carriers. Out of the many choices of health carries with competitive plans only one has to be chosen. This process is timely for HR, then you have to vote throughout the company for it to be approved with the employees.
Can an employer legally require health insurance?
Probably, he's required by the insurance company to insure at least 75% of the employees or else the other employees can't get the plan. For more information see the link
Providing Health Benefits for Employees?
An employer will probably want to provide his or her employees with health benefits, and must find and secure benefits that fit the business and best serve employees. Health benefits include insurance coverage and ancillary benefits, such as retirement, disability, and life insurance. Cost of benefits is of great concern to business operators, and generally they will try to minimize these costs. The cost of coverage will be paid in whole or in part by the employer. Generally, the cost to employees is less than the cost of health coverage outside the group would be. Most employers are not legally obligated to offer health benefits to employees. At the same time, health benefits are valuable to employees and even considered the most desirable benefit of all. Health benefits are also highly motivational to employees, helping to attract and retain good employees. Some employees will even sacrifice pay in exchange for good benefits. Plan contributions are also tax deductible for a business, helping to make them more affordable. Unfortunately, benefits generally cost more for a small business operator than a large corporation. Administration of benefits is required, and administrative costs for a small business are also prohibitive. Legal compliance is also necessary in the administration of benefit plans, and so a business may incur legal fees. Employee health plans will generally be group plans. Coverage is provided to employees and their qualifying dependents.
What leagal and ethical responsibilities does a firm have to its employees when a decision to cease operations is made?
Businesses should legally inform employees that they are closing in a certain amount of time. Ethically, they should help them get other jobs.
Should organizations be legally required to provide some basic levels of benefits-such as health insurance vacations sick leave and retiretment to contingent workers?
Contingent workers do not get any type of benefits such as insurance, vacation leave, sick leave and retirement benefits. They are only working for the company temporarily.
Should businesses extend benefits to same-sex spouses?
Yes. In states where same-sex marriage is legal, although a business is never required to extend benefits to the spouses of its workers, if it chooses to offer benefits, then the business may not exclude same-sex spouses since that would be discriminatory. Now, why would a business extend benefits to anybody's spouse if they are not required to? Well, some jobs do provide benefits and the reason they do is to attract and retain more talented workers. Businesses need to compete for the best workers. For this same reason, even in states where same-sex marriage is NOT legally recognized, many businesses, especially large, successful ones, do extend benefits to the same-sex partners of their workers. Another reason for offering benefits, and one that is worth mentioning, is that the extension of such benefits is the result of collective bargaining by unionized workers and unions have a duty of fair representation for all of their members. Actually, as part of recent legislation, it is required that businesses who offer benefits to employees (those required to do so by federal law) must extend those benefits to spouses and children who do not have other forms of coverage. These businesses (and the insurance companies) may charge higher premiums (much higher in some cases), but no legal spouse or dependent may be denied.
Do you have to pay workman's comp for part time employees?
Yes, workman compensation must be paid for for all employees regardless of how many or how few hours they work within the company. This comes out in the form of an insurance premium which will cover injuries to an employee while they are on the job.
Is your husband's ex-wife legally entitled to life insurance benefits in the state of California?
If she is the beneficiary named on the policy, the insurance company has no other option. They cannot give the payment to anyone else.
What car insurance is legally required in Tennessee?
It is required to have liability car insurance to legally drive in Tennessee.
In a marriage is the husband legally responsible to have health insurance for his wife?
A husband is not legally responsible to have health insurance for his wife. Many employees opt not to have health insurance for themselves. Health insurance is a voluntary election and no law exists making it otherwise. However, do be aware that any medical-related debts incurred by one spouse are considered "common" debts, and as such, the other spouse is legally required to pay for them. In the event of a divorce, said debts would be even divided between the spouses, even if only one spouse incurred them.
If you legally change your name can you receive inheritances or life insurance benefits left to your former name?
You need a copy of your birth certificate and/or the papers you received when you changed your name.
