It's widely acknowledged that happier workers generate more profits for their employer, which is why Walmart announced this spring that they would increase their minimum wage across the board.
Human capital is an employer's largest investment. Employers recognize benefits motivate employees. But managing the bottom line can be tricky. So skinny plans have emerged as a way for employers to offer health benefits, and avoid some of the egregious penalties of the PPACA, without giving away the store.
The term "skinny" was coined in 2013 as brokers, carriers, and employers struggled to seek ways to comply with the proposed employer mandate, and avoid massive penalties. But when the average health care cost per employee tops $11,000 per year, many employers face a dilemma. How to offer benefits that avoid huge penalties, without breaking the bank?
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
