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).
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.
The following are helpful links to learn more about what this would mean to your business.
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.