Bill > S1899

This bill aims to increase health insurance affordability for small businesses in Massachusetts. The key provisions are: 1. It amends the state's tax laws to provide a 15% tax credit on health insurance premium expenditures for businesses with 26 to 50 full-time equivalent employees, where the average employee income is $57,000 or less (adjusted for inflation). To qualify, the business must cover at least 50% of the health insurance premiums for its employees. 2. It requires the state's Insurance Commissioner to evaluate the effectiveness of purchasing cooperatives in increasing the affordability of health insurance for small businesses, assess the current impact of health insurance costs on small businesses, and provide recommendations for improving affordability and small business leverage in health insurance purchasing. The Commissioner must report these findings biannually. The overall goal of the bill is to make health insurance more accessible and affordable for small businesses in Massachusetts, which can help them attract and retain talent, thereby supporting economic growth.

Budget and Finance, Health and Social Services

https://malegislature.gov/Bills/193/S1899