A TRUSTED INDEPENDENT HEALTH INSURANCE GUIDE SINCE 1999.
Call our agency partners 866-553-3223

Featured

Featured
13 qualifying life events that trigger ACA special enrollment
Outside of open enrollment, a special enrollment period allows you to enroll in an ACA-compliant plan (on or off-exchange) if you experience a qualifying life event.

Latest News & Topics

Latest News & Topics

Featured

Featured
Finalized federal rule reduces total duration of short-term health plans to 4 months
A finalized federal rule will impose new nationwide duration limits on short-term limited duration insurance (STLDI) plans. The rule – which applies to plans sold or issued on or after September 1, 2024 – will limit STLDI plans to three-month terms, and to total duration – including renewals – of no more than four months.
Call our agency partners 866-553-3223

employer-sponsored health plans

What are employer-sponsored health plans?

healthinsurance.org health insurance glossary

Employer-sponsored health plans are health insurance that is offered to employees and their dependents (and in most cases, spouses) as a benefit of employment. Employer-sponsored health plans currently provide some level of health coverage for approximately 160 million Americans — nearly half the total population of the country. Health insurance benefits are more likely to be provided by larger companies; in fact, an estimated 99 percent of companies with 200 or more workers offer health benefits, according to testimony in Congress.

However, the plans face rapidly escalating premiums – up 55 percent from 2007 to 2017, with workers’ share of the premiums increasing by 74 percent during that decade. Deductibles and other out-of-pocket expenses have also increased rapidly during that time.

The Affordable Care Act, which was signed into law in 2010, includes an employer mandate, designed to increase participation by employers and by more of their employees. The employer mandate applies to all businesses with at least 50 full-time equivalent employees. These businesses are required to offer affordable, minimum value insurance to their full-time (30+ hours per week) workers or face a potential tax penalty. The employer mandate was phased in for larger companies starting in 2015, and applied to all companies with 50 or more full-time equivalent employees by the start of 2016.

sticky-bottom-cta

Get your free quote now through licensed agency partners!