If you're a top gun at your company, you may have a ticking time bomb in your array of health benefits that could go off with a jolt come January.
That's because any employer that offers "richer" health benefits to certain employees faces a penalty for doing so if those packages aren't purged of what's deemed discriminatory coverage by the time the Patient Protection and Affordable Care Act takes full effect.
A lesser-noted provision in the law is designed to discourage employers from offering one plan to the bulk of employees and more attractive plans to "highly compensated" employees. In other words, if you as an employer wishes to have a two-tiered, or multi-tiered, health benefits system in place, it's going to cost you even more.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
