Employee Benefits
Resources & FAQ

Below are useful resources and Frequently Asked Questions about Employee Benefits. There is good information here, but we’ve got a lot more knowledge than we can fit on this page. If we missed something, our friendly staff will always make time to answer your questions.

Speak to a human >

Employee Benefits Resources

No items found.

Frequently Asked Employee Benefits Questions

Q
At what level does the premium for company paid life insurance need to be included in the employee’s income?
A

Employers can purchase up to $50,000 of life insurance for employees without the need to add the premium to the employee’s income. Premium for any amount above $50,000 would need to be included in the employee’s income or that portion of the life insurance benefit would be considered taxable in the event of a claim.

Q
What is an Accountable Care Organization?
A

An accountable care organization (ACO) is an association of hospitals, healthcare providers and insurers in which all parties voluntarily assume financial and medical responsibility for patients. Total cost of care can run between 10% and 15% lower than a traditional “open access” network.

Q
Does the Affordable Care Act (ACA) require that a larger employer (more than 50 full time employees) offer coverage to spouses and dependent children?
A

Although most ACA language is centered around offering employees coverage that meets minimum essential benefits and affordability rules, in order to be compliant and employer must offer coverage to dependent children. An employer is not required to offer coverage to spouses under the ACA.

Have More Questions?
Speak with our Employee Benefits Team.

jhenderson@christensengroup.com
(952) 653-1057
Bio
View Bio
kwassmund@christensengroup.com
(952) 653-1040
Bio
View Bio
jbedor@christensengroup.com
(952) 653-1096
Bio
View Bio