Friday, July 07, 2006
Small Arizona businesses and their workforce who have no health insurance may get some state help.
But it might be temporary.
Gov. Janet Napolitano has signed legislation as long as state tax credits to insurance companies that mark policies for those who do not have coverage. The credits will cover half the cost of premiums, up to $1,000 a year for individuals and $3,000 for families.
But the insurers will not keep the money: House Bill 2177 needs them to discount their premiums by the same amount.
Rep. Doug Quelland, R-Phoenix, said the design is to assist the estimated 1.1 million Arizonans, extra than one out of every six residents, who do not have health insurance.
Quelland said that maybe half of those people are decide not to spend the money. But he said the other half will like insurance but make too much to qualify for state-paid coverage as not earning enough to be able to give the premiums themselves.
This subsidy, obtainable to businesses with between two and 25 employees in addition to individuals who are employed there, will last a maximum of three years. After that, the person or company will have to either soak up the full price or settle on whether to go without insurance.
posted by kanth
@ 1:32 AM
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