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3 Commonly Asked Questions About Employee Benefits

two partner business man investor talking about questions about employee benefits

At Snellings Walters, our goal is to simplify the employee benefits process and help you select a package that is right for your business. We see a myriad of different questions when it comes to benefits, but a few of the same questions seem to come up frequently. 

3 commonly asked questions about employee benefits: 

1. Can benefits differ between employees? 

No federal laws state that all employees under one company must have equal benefits. In some states, there are requirements that employers provide benefits like sick leave to all employees, but for the most part, employers have the freedom to use their discretion when providing benefits. Sometimes it can depend how long an employee has been at a company, whether they are full-time or part-time, and where they are located. 

2. What benefits are required by the law?

Under the Affordable Care Act (ACA), which was enacted in 2010, Applicable Large Employers (ALEs) with 50 or more employees must offer health insurance under the law. Here are 5 types of insurance benefits that are required by federal law: 

  • Medicare & Social Security 
  • Workers’ Compensation Insurance 
  • Unemployment Insurance 
  • Health Insurance 
  • Family and Medical Leave 

3. What voluntary benefits should we offer? 

Voluntary benefits offer personalization and value that show that you are going beyond the minimum requirements. Choosing voluntary benefits is very much dependent upon your business and what makes the most sense for your employees. Voluntary benefits can include various types of benefits and plans, however, the most common types include:

  • Life insurance
  • Disability insurance
  • Pet coverage
  • ID theft protection
  • Financial counseling
  • Dental coverage
  • Group vision plans
  • Student loan repayment benefits

If you want more help and information on how to put together the perfect employee benefits plan for your company. We would love to help you! Give us a call at 770-637-1734 or contact us here.