Q. I have private insurance now. How will my employer-based health care be affected?

Q. I have private insurance now. How will my employer-based health care be affected?

A:

Employers are averaging 12% of payroll for employee coverage currently. Our plan allows employers who offer ACA compliant coverage to employees to opt out of the health risk assessment for those employees during transition. However, the fiscal study indicates that 8% to 8.5% with an exemption on up to $15,000 in pay annually per employee. This will be an appealing option and many employers will simply be relieved to have a less expensive (and potentially free) option. Additionally during transition, employees will be able to opt in and decline their employer coverage by paying the health risk assessment on their pay themselves. Once 51% of residents in the state are enrolled in a state administered health insurance, employers will no longer be able to opt out of the health risk assessment.

 

Our Initiative doesn't restrict employers from offering additional insurance coverage or resident from purchasing additional insurance coverage.

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