[gdlr_heading tag=”h2″ font_weight=”bold” ]Proposed Health Assessment on Employers[/gdlr_heading]
The Baker Administration’s proposed 2018 fiscal year budget includes a $300 million health assessment on employers. The assessment is meant to help cover the deficit the state faces in funding MassHealth (Medicaid).
The administration plan would impose a $2,000-per-employee fee upon companies at which at least 80 percent of full-time worker equivalents do not take the company’s offer of health insurance, and that do not make a minimum contribution of $4,950 annual contribution for each full-time worker. If 70 percent of a company’s employees accept company health insurance, the company would be assessed $2,000 per employee for the number of employees represented by the 10 percent difference. (aimblog, Jan. 26, 2017)
Specifically, the budget calls for a $2,000 per full time equivalent employee assessment on businesses with more than 10 employees if the employer does not contribute at least $4,950 towards each full time employee’s health care and have an 80% take up rate (participation rate) in a group health plan.
[gdlr_heading tag=”h2″ font_weight=”bold” ]What Does This Mean To Your Business[/gdlr_heading]
The following are helpful links to learn more about what this would mean to your business.
- Proposed Assessment Will Hurt Employers Who Offer Health Insurance, blog.aimnet.org
- Massachusetts Budget Process, mass.gov
[gdlr_heading tag=”h2″ font_weight=”bold” ]Contact Your Legislators[/gdlr_heading]
- You can reach out to your legislators and tell them how this would affect your business. The malegislature.gov site has a find your legislators link which gives you all the information you need to contact them.
- [gdlr_button href=”https://malegislature.gov/Search/FindMyLegislator
- ” target=”_self” size=”medium” background=”#000000″ color=”#ffffff”]FIND YOUR LEGISLATORS[/gdlr_button]
- [gdlr_button href=”http://www.goodlayers.com” target=”_self” size=”medium” background=”#000000″ color=”#ffffff”]Find Your Legislators[/gdlr_button]