|
Can the Insurance Partnership help?
|
The Insurance Partnership will pay small businesses and self-employed
up to $1000 a year towards health insurance costs for each qualified employee.
The amount depends on the tier of coverage chosen by the employee.
|
| Employer
Partnership Payments |
| Tier of
Coverage
|
Monthly
Payments
|
Annual
Savings
|
| Individual |
$33.33 |
$400 |
| Dual or 2 Person |
$66.66 |
$800 |
| Family |
$83.33 |
$1000 |
|
|
To join the Insurance Partnership, a business must
 Be self-employed
or employ 50 or fewer full-time
workers
Offer comprehensive
health insurance to its employees
Contribute at least
50% to the cost of the insurance for
a qualified employee
Each qualified employee must:
Be self-employed
or work for a qualified business
Be between 19 and 64
years of age
Be a resident of
Massachusetts
not have been offered health insurance by current
employer in the past 6 months, and the spouse must
not have been offered health insurance through the
spouses current employer that would have provided
family coverage
Have a family income
that does not
exceed Employee Income Standards
|
| Employee
Income Standards |
| Family
Size |
Annual
Income |
| 1 |
$31,212 |
| 2 |
$42,012 |
| 3 |
$52,812 |
| 4 |
$63,612 |
| 5 |
$74,412 |
|
|