Patterson Proposes to Increase Taxes on Self Insured Health Plans and HCRA Assessments

Governor Patterson’s proposed State Budget will impose substantial additional costs to your employee and retiree health plans. These additional taxes and assessments will impact all plans including private business, schools, colleges & universities, hospitals and union funds.

This proposed tax would impose a $1 assessment per claim over $20 that is processed under a self insured program including prescriptions drugs and a 240 million increase in the HCRA “covered life” assessment paid by all entities providing health insurance.

The Governor has chosen a bad time to tax businesses that provide healthcare to employees and families to help bridge the states financial crisis. We need to get this message to him that these proposals would be devastating if they are not eliminated from the final budget.

Call your legislators in Albany now as they are working hard on this budget and need to hear from all businesses now on eliminating these taxs


One Response to “Patterson Proposes to Increase Taxes on Self Insured Health Plans and HCRA Assessments”

  1. Governor Patterson Slams Healthcare Premium Costs « Health and Wellness as a Business Strategy Says:

    […] The insurance carriers are required to collect these taxes, fees and assessments and there will be no exceptions or extensions. The estimated overall percentage is thought to be between 1% and 5% which will be passed along to the carriers’ clients. At this point, the carriers are determining how and when they will roll this out.  For more detail on these taxes see my Feb 4th post.  […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: