Final answer:
The employer's share of a health insurance premium is not a free benefit to the employee and is considered a form of compensation from the employer.
Step-by-step explanation:
The statement is False. The employer's share of a health insurance premium is not a free benefit to the employee. It is considered a form of compensation from the employer to the employee. Health insurance is part of the total compensation that an employee receives, along with their salary or wages.
Employers typically contribute a portion of the health insurance premium on behalf of their employees. This can be a significant cost for employers and is considered part of the overall compensation package provided to employees. Therefore, it is not a free benefit, but rather a form of compensation from the employer.Under the employer mandate, companies with more than 50 employees are required to offer health insurance. Moreover, contributions to health insurance premiums reduce taxable income for employees, which is another economic benefit. Additionally, health insurance provided through employment is part of a compensation strategy to attract and retain talent within a company.