Thursday, June 14, 2007
Healthcare Reform Act, due to take effect from July 1, employers with 11 or more full-time employees in Massachusetts should make a "Fair and affordable" contribution to the cost of health insurance policy for their offcie employees" or face fines. The new law phases in mechanics for employers to provide "a smorgasbord" of affordable health insurance alternatives. It as well needs employers with more than 11 full-time employees to provide so-called "125 plans.
Failure to obey with the new regulations could consequence in fines of up to $295 per full-time employee. The Massachusetts law reserves the right to lift fines if necessary.
posted by kanth
@ 12:17 AM
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