Employee Benefits in the US

Published: Sep, 2014 | Pages: 67 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth industry analysis, information and insights into employee benefits in the US, including:
An overview of state and compulsory benefits in the US
Detailed information about private benefits in the US
Insights into the various central institutions responsible for the administration of the different branches of social security 
The regulatory framework and recent regulations relating to the US employee benefits 

Summary
The US social security system covers more than 90% of the total workers employed in the US. The motive of providing employee benefits is to support the economic security of an individual by insuring against unsure events, and to raise standards of living by providing desired services. Employee benefit programs also add to economic stability by helping to secure the population's income and welfare, benefitting the economy as a whole. 
Scope
This report provides a detailed analysis of employee benefits in the US:
It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, supplemental security income, family and medical leave benefits, unemployment and private benefits
It highlights the economic and regulatory situations relating to employee benefits in the US 
Reason To Buy
 Make strategic decisions using in-depth information related to the US employee benefits
Assess the US employee benefits market, including state and compulsory benefits and private benefits
Gain insights into the key employee benefit schemes offered by private employers in the US
Gain insights into key regulations governing the US employee benefits, and their impact on companies 
Key Highlights
 The US social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market
The social security system consists of six branches, which form the pillars of the social security system
Both social security and private employee benefits are popular in the US
Private benefits provide access to a range of services that improve employees' quality of life
The government provides favorable tax treatment to employers for their contribution to social security taxes, which helps them in reducing the cost of benefits

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in the US
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plan
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensioble salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contributions
6.1.10 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 Taxation
6.3 Long-Term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Typical employer practice
6.3.6 Employee and employer contributions
6.3.7 Taxation
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Typical employer practice
6.4.6 Employee and employer contributions
6.4.7 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.5.7 Taxation
6.6 Workmen's Compensation Insurance
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Typical employer practice
6.6.6 Employee and employer contributions
6.6.7 Taxation
6.7 Supplemental Security Income
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Employee and employer contributions
6.7.6 Taxation
6.8 Family and Medical Leave Benefits
6.9 Unemployment
6.9.1 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Employee and employer contributions
6.9.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Disability Benefits
7.3 Death Benefits
7.4 Medical and Health Benefits
7.5 Workmen's Compensation Insurance
7.6 Other Benefits
7.6.1 Fincial and compensation benefits
7.6.2 Leave benefits
7.6.3 Family-friendly benefits
7.6.4 Flexible benefits
7.6.5 Persol service benefits
7.6.6 Relocation benefits
7.6.7 Travel benefits
8 Economic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sectors
8.1.6 Inflation rate
8.1.7 Household consumption expenditure (US$)
8.1.8 Gross tiol disposable income
8.1.9 Labor force
8.1.10 Unemployment rate
8.1.11 Total population
8.1.12 Urban and rural populations
8.1.13 Age distribution of the total population
8.1.14 Life expectancy at birth (years)
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: Definitions
Table 2: US - Country Statistics
Table 3: Social Security Contribution
Table 4: US Employment Benefits - Recent Regulations
Table 5: US Employment Benefits - Administrative Organization of the US Social Security System
Table 6: US Retirement Benefits - Full Retirement Ages
Table 7: US Long-Term Disability Benefits - Rules for Recent Work Test
Table 8: US Long-Term Disability Benefits - Rules for Duration of Work Test
Table 9: US Medical Benefits - Additiol Medicare Tax
Table 10: US Medical and Health Benefits - Cobra Cover