Employee Benefits in the United States of America (USA), 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Description
Employee Benefits in the United States of America (USA), 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Summary
The US social security system covers more than 96% 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 the standard 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.
The report provides in-depth industry analysis, information, and insights of the employee benefits in the US, including an overview of the state and compulsory benefits in the US, detailed information about the private benefits in the US, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the US
Key Highlights
This report provides a detailed analysis of employee benefits in the US -
Summary
The US social security system covers more than 96% 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 the standard 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.
The report provides in-depth industry analysis, information, and insights of the employee benefits in the US, including an overview of the state and compulsory benefits in the US, detailed information about the private benefits in the US, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the US
Key Highlights
- The Social Security Administration, Treasury and Department of Health and Human Services are responsible for the functioning of the overall social security system
- A person’s national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
- In the US, employers provide voluntary retirement benefits to their employees through supplementary retirement benefits and profit sharing plans.
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, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, Supplemental Security Income, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the US
- Make strategic decisions using in-depth information related to employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, and their impact on companies
Table of Contents
48 Pages
- 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
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.2 Death in Service
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.3 Long-Term Disability Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.4 Short-Term Sickness Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.5 Medical Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.6 Workers’ Compensation insurance
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.7 Maternity and Paternity Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.8 Other Benefits
- Family benefits
- Unemployment Benefits
- Supplemental Security Income
- Leaves 7. Private Benefits
- 7.1 Retirement Benefits
- 7.2 Death Benefits
- 7.3 Disability Benefits
- 7.4 Medical Benefits
- 7.5 Accidental and Dismemberment Benefits
- 7.6 Other Benefits
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: The US - Country Statistics, 2020
- Table 3: The US - Social Security Contribution
- Table 4: The US - Social Security Contribution
- Table 5: The US - Age to receive full Social Security benefits
- Table 6: The US - Age to receive full Social Security benefits
- Table 7: The US - Medical Benefits - Additional Medicare Tax
- Table 8: The US - Federal Holidays, 2022
- Table 9: The US - Accidental health and Dismemberment benefits
- List of Figures
- Figure 1: The US - Main Institutions of Social Security System
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