Employer Requirements

Offer coverage to employees and contribute 72.5% of premium cost for single coverage and 65% for family coverage in the lowest cost plan or pay 8% into the Health Insurance Exchange Trust Fund. There would be an exemption for employers that would have job losses as a result of the requirement. The breakdown is as follows:
*Annual payroll <$500,000 is exempt.
*$500,000-$585,000 pays 2% of payroll
*$585,000-$670,000 pays 4%
*$670,000-$750,00 pays 6%

Employers automatically enroll employees in lowest cost premium plan unless the employee opts out or chooses different coverage under the employer plan.

Remington Stickney

Information cited from:
Kaiser Family Foundation (October 15, 2009). Health Care Reform Proposals. Retrieved from http://www.kff.org/healthreform/upload/healthreform_tri_full.pdf.