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Step 1 - Contact your health insurance broker/agent
Employers should first select a health insurance broker/agent who will assist
with the subsidy application process.
Step 2 - Complete the application
The employer will have to provide the required information in an application
for health insurance plus additional information about the wages of each full-time
employee.
Based on that information, the broker/agent will be able to calculate the total
subsidy per employee for different health plans as well as the total cost to the
employer after the subsidy is applied.
Step 3 - Select a health benefit plan
The employer and broker/agent will work together to select a small employer
health benefit plan that includes a wellness benefit.
A wellness benefit must be included within the health plan in order for the plan
to qualify for the subsidy.
Step 4 - Determine Employer Contribution
The employer will determine the employer contribution to the employees’
premium. If the health plan includes a Health Savings Account, the employer also determines the amount of the employer contribution.
The total subsidy is divided between an employer and the employee
based on the contribution each makes toward the cost of coverage.
Step 5 - Establish a Section 125 Plan.
The employer must establish a Section 125 plan within 60 days
of enrollment in the Health Insurance Partnership Program.
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Meeting for
Small Business Owners |
The MHCC recently partnered with business trade associations to host a series of meetings
across the State to provide information about the Health Insurance Partnership
to small business owners that may be eligible.
You may download the PowerPoint presentation that was presented at these
meetings.
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Presentation for Small Business Owners (ppt) |
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Presentation to Licensed Insurance Producers |
You may download the PowerPoint presentation that was presented at the informational
meetings on July 21 and
July 23, 2008.
Click the link below. If you have PowerPoint, you will be prompted to either save
the file or open the file and view it in your browser.
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Role of Licensed Insurance Producers (ppt) |
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