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Benefits July 10, 2007
NY Extends State Health Program to Private Employers
July 10, 2007 (PLANSPONSOR.com) - New York Governor
Eliot Spitzer has approved legislation that would expand the
state's Family Health Plus insurance program, once only
available to low-income residents who lacked coverage, to
include private employers and Taft-Hartley funds.
Reported by Adrien Martin
According to a Business Insurance report, employersthat opt into the program will be required to pay 70% of the cost of their employees’ individual and/or dependent coverage and employees will be required to pay the balance.
This legislation went into effect July 1 and is expected to cost state taxpayers about $106 million to subsidize enrollees’ premiums.
The plan currently has 513,000 New York residents enrolled.