Health Insurance and Benefits in the US Internal

What are the United States’ statutory health benefits, and what do they cover?

Please note that employers must offer private medical insurance to their employees in the U.S. The Affordable Care Act requires everyone in the U.S. to have health care coverage. Large employers (with 50 or more employees) have annual reporting responsibilities. 

What health benefits do most employers offer?

Most employers in the U.S. offer medical, dental and vision coverage as their core health benefits. Prescription coverage is typically included in the medical benefit. Additional offerings of life insurance and disability coverage are also very common. Some employers choose to offer voluntary plans like identity theft protection, legal plans, pet insurance, critical illness and/or accident coverage. There are also many non-traditional benefits that can be offered.

How does an employee’s salary or level of seniority affect what benefits employers offer them?

All Velocity Global supported employees are offered the same benefits at the same cost regardless of salary or level of seniority. Life insurance and disability coverage costs and benefits are based on the supported employee’s compensation.

What does Velocity Global’s health insurance plan offer? 

Velocity Global offers a benefits plan where the supported employee can choose their plan and level of coverage. You may contribute towards the supported employee’s benefit premium costs if you choose to.  Our plan includes medical, dental, and vision benefits. Benefit deductions are taken monthly from the first pay of each month in one lump sum.

Velocity Global provides the opportunity for full-time employees (averaging 30+ hours per week) to enroll for benefit coverage beginning on the first of the month following a 30-day waiting period. (e.g., a supported employee with a start date of July 15 will be eligible on September 1; a supported employee with a start date of August 1 will also be eligible on September 1). This 30-day waiting period cannot be waived. Supported employees can use COBRA (Consolidated Omnibus Budget Reconciliation Act) benefits from their former employer during the waiting period.

If a supported employee is hired part-time and during the six-month measurement period they average 30 hours per week, they will be offered healthcare benefits.