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You can pay up to 50% of the cost for eligible
employees to participate. The cost to the employer would be paid
annually or monthly. The maximum cost to the employer would be no more than
$550 per year depending upon the household size and annual income
of the participating employee. (See chart—Employer and employee
cost would both be half of the cost shown.)
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Other ways employers can help and possibly improve
employee recruitment/retention:
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Provide program information to employees who are
potentially eligible;
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Set up payroll deductions to ensure eligible
employees’ monthly contributions are received by the insurer
(participants who fail to pay for 60 days are disqualified for 12
months
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Employers who sponsor health benefit plans can pay
up to 50% of the cost of any employees who do not qualify for
employer sponsored benefits (example: part-time employee)
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Providing a financial incentive for outsource
contractors to pay 50% of the cost for those contract employees
working at the employers’ worksite.
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