HR Trends and Studies
BLS Compensation and Benefits Survey
The U.S. Bureau of Labor Statistics has released the results of "National Compensation Survey: Employee Benefits in the United States." Some of the findings include: 71% of private industry workers have medical care benefits available, compared to 88% among State and local government workers; employers paid 82% of the cost of single coverage and 71% of the cost for family coverage; and paid sick leave is available to approximately two-thirds of workers. The data is also available broken down by industry and employer size.
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Average Employee Benefit Plan Costs and Coverage
The Agency for Healthcare Research and Quality has released the results of their 2008 study "Employer-Sponsored Single, Employee-Plus-One, and Family Health Insurance Coverage: Selection and Cost." The study found that of the employees enrolled in an employer-sponsored health plan in the private sector, 50.2% of the employees had employee only coverage. The average cost of employee only coverage was $4,386 per year and $12,298 for family premiums. Twenty-two percent of employers paid the entire cost of employee only premiums. The data is also broken down by employer size.
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HR and Compliance Headlines
On March 23, 2010 President Obama signed into law H.R. 3590, the Patient Protection and Affordable Care Act (PPACA). One week later, on March 30, 2010, the President signed into law H.R. 4872, the Health Care and Education Reconciliation Act of 2010, making numerous changes to the PPACA. Together, these two laws complete Congress's current efforts to enact comprehensive health care reform in the United States.
Much like the health care system it seeks to reform, the PPACA is large and complex. It is critical to understand the requirements and opportunities presented by the new law in order to address immediate priorities while formulating long-term strategies.
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The HRFocus webinar series is designed to increase your operational effectiveness by speaking directly to your HR concerns! In this monthly series, industry professionals discuss timely HR topics during a 30-45 minute webinar session. These presentations are recorded and made available for you to view at your convenience.
Featured HRFocus Webinar
The Perfect Storm: Changes in Employers' Obligations in Challenging Economic Times
Jeffrey A. Hagelman, Ebe & Associates, P.C.