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Stopped Employee Health Tax

Author: mike durant Date: May 18, 2011

 

NFIB defeated legislation that was introduced to impose a new $8.4 billion tax on business. Specifically, the bill would have imposed a $3 per hour/per worker health tax on businesses that didn't cover the cost of at least 80 percent of an employee's health insurance. The sponsors of the bill were selling the plan as a way to achieve universal health coverage; however, it would have disproportionately hit small businesses and employers who are already struggling with the skyrocketing cost of healthcare.
 
Anticipated savings for small business include:
$3,000 per employee annual savings
Members/prospects most likely to be interested

Any New York business that didn’t pay at least 80 percent of an employee’s

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