Boston Business Journal - State budget to save businesses $47M in annual health care fees
The state budget is on Governor Deval Patrick’s desk, awaiting a signature, and buried within the budget's tax increases is some relief for businesses. Gone forever will be the state penalties levied against small businesses that were out of compliance with the Massachusetts health reform law. But businesses will still have to pay something towards health care programs for the uninsured. The Fair Share Contribution penalties were established under the Commonwealth’s 2006 health care reform law and mandate that employers with 11 or more full-time equivalent employees (FTEs) make a “fair and reasonable” contribution toward the health ...
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