What are employers required to do under the Massachusetts Health Care Reform law?
Employers of eleven or more full-time-equivalent employees: Fair Share Contribution Must make a “fair and reasonable” premium contribution toward health insurance for their employees, or pay up to $295 per employee, per year into the state’s Safety Net Trust Fund. The Massachusetts Division of Health Care Finance and Policy measures employer compliance four times a year. More on the Fair Share Contribution rules Section 125 Plan Must offer a Section 125 Plan that meets Health Connector regulations. If they don’t, they may incur a “Free Rider Surcharge” if their employees or their employees’ dependents obtain government-funded “free care” at hospitals or health centers. More on Section 125 Plans Employer Health Insurance Responsibility Disclosure (HIRD) Must report whether they offer their employees a Section 125 Plan and/or health benefits. Employers submit this report online as part of the Fair Share Contribution Report filed with the Massachusetts Division of Unemployment Assistance.
Related Questions
- Is there a mandate under Health Care Reform that will require employers to contribute more than 50% of the total employee premium cost for a plan to be qualified?
- Does Health Care Reform affect employers who have less that 25 employees and currently do not pay any health insurance premiums?
- What is the Massachusetts Health Care Reform Act?
